Latest in Biden Cuts Intel’s Chip Award by More Than $600 Million
Sort by
3,426 items
-
Biden Cuts Intel’s Chip Award by More Than $600 Million
The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and changing some of its investment commitments.Business - The New York Times - 20 hours ago -
Intel Gets Up to $7.9 Billion Award for U.S. Chip-Plant Construction
The government grant is less than originally expected because the chip giant is also receiving separate funding for defense-related projects.Tech - The Wall Street Journal - 14 hours ago -
Biden administration finalizes nearly $8B in CHIPS funding for Intel
Intel will receive about $7.86 billion in funding from the CHIPS and Science Act to build new semiconductor manufacturing facilities across four states under its finalized agreement with the Biden ...Politics - The Hill - 18 hours ago -
First sighting of Belarusian political prisoner in more than 600 days
Maria Kolesnikova, jailed for her part in mass political protests in 2020, was allowed to see her father.Top stories - BBC News - November 12 -
Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving
The chip maker attributed nearly $16 billion in charges to its sweeping restructuring efforts. The company’s rosy sales forecast sent shares up about 8% after hours.Business - The Wall Street Journal - October 31 -
Disney to Pay More Than $500 Million to Air the Grammys
The music industry’s marquee awards show will leave CBS after 2026, ending a decadeslong run.Business - The Wall Street Journal - October 30 -
Duct-taped banana sells for more than $6 million at auction
"Comedian," a banana duct-taped to a white wall — or an acclaimed piece of art, depending how you look at it — sold at a Sotheby's auction for $6.24 million.Top stories - NBC News - 6 days ago -
-
Nvidia says it will sell more of its next-generation Blackwell chips than previously anticipated
Nvidia on Wednesday signaled that Blackwell sales over the next few quarters will be limited by how many chips and systems it can make.Business - CNBC - 6 days ago -
A Year on, Intel’s Touted AI-chip Deals Have Fallen Short
Despite increased sales projections overall, the chipmaker did not sell as many of its Gaudi AI chips as its CEO hoped.Business - Inc. - November 1 -
Washington Curtails Intel’s Chip Grant After Company Stumbles
The Biden administration is reducing its award to the chip maker, partly to account for a multibillion-dollar military contract.Business - The New York Times - 2 days ago -
Intel and Commerce Department finalize $7.9 billion CHIPS Act grant
The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the CHIPS Act money a welcome boost.Business - CNBC - 19 hours ago -
Is Juan Soto Worth $600 Million? We’re About to Find Out.
The average annual value of Soto’s next contract could surpass a record set by Shohei Ohtani, a columnist for The Athletic writes.Sports - The New York Times - November 4 -
Civil jury in Ireland awards woman more than $250K for Conor McGregor sexual assault
A civil jury in Ireland has found that mixed martial arts fighter Conor McGregor sexually assaulted a woman in a hotel penthouse after a night of heavy partyingTop stories - ABC News - 4 days ago -
More than 46 million early voters already cast ballots as Harris, Trump enter final sprint
Vice President Kamala Harris and former President Donald Trump have encouraged voters to get to the ballot box as soon as they can.Business - CNBC - October 29 -
More than 55 million people have voted early in run-up to Election Day
More than 29 million early votes have been cast in-person and another 25.9 million mail ballots have been returned.Top stories - CBS News - October 30 -
Uganda struggles to feed more than 1.7 million refugees as international support dwindles
Many refugees in Uganda are struggling to get by without the food assistance they once depended onHealth - ABC News - October 31 -
Uganda struggles to feed more than 1.7M refugees as international support dwindles
Many refugees in Uganda are struggling to get by without the food assistance they once depended onWorld - ABC News - October 31 -
More than 60 million people have voted early in 2024 race so far
More than 60 million people have already voted in the 2024 presidential race. CBS News deputy director of elections and data analytics Kabir Khanna is tracking the mountain of ballots cast in the ...Top stories - CBS News - October 31 -
Oil Interests Gave More Than $75 Million to Trump PACs, New Analysis Shows
Oil moguls are big donors to Donald Trump. But so are engineering firms, hedge fund managers, shipbuilders and others that profit from fossil fuels.Business - The New York Times - November 1 -
Coinbase, a16z and others pour more than $78 million into pro-crypto PAC for 2026 election
The pro-crypto super PAC Fairshake says it's raised $78 million for the 2026 midterms.Business - CNBC - November 4 -
More than 800 million people around the world have diabetes, study finds
Scientists say increase from 1990 to 2022 was largest in low- and middle-income countries and lack of treatment ‘concerning’. Why have rates doubled over the last 30 years and what can be ...World - The Guardian - November 13 -
Measles cases rose to more than 10 million in 2023, WHO and CDC say
The number of measles cases around the world rose by 20% in 2023 compared with 2022, leading to an estimated 10.3 million cases, according to estimates released Thursday by the World Health ...Top stories - NBC News - November 14 -
McDonald's to invest more than $100 million to speed up recovery after E. coli outbreak
This week, the company completed the return of Quarter Pounder burgers, with slivered onions, to all restaurant menus nationwide.Business - CNBC - November 15 -
Ex-Officer of Detroit Nonprofit Pleads Guilty to Stealing More Than $40 Million
William A. Smith, the former chief financial officer for the Detroit Riverfront Conservancy, was accused of embezzling funds meant to support efforts to beautify the city’s waterfront.Business - The New York Times - November 16 -
The stock market is expecting more interest-rate cuts than the Fed can give
The U.S. central bank doesn’t have much room to combat the next U.S. economic crisis.Business - MarketWatch - November 9 -
The 80% rule doesn’t cut it anymore: You may end up spending a lot more in retirement than you expect
Between the “go-go” years and healthcare costs, your expenses may stay the same — or even rise.Business - MarketWatch - November 11 -
MLB free agency predictions: Projecting contracts for top 10 players with Juan Soto hitting $600 million
Who's getting paid this winter? Let's guessSports - CBS Sports - November 12 -
How investigators say a star fund manager illegally took $600 million from some clients and steered it to others
Ken Leech, the star investor behind bond funds with $308 billion in assets under management, illegally steered hundreds of millions of dollars into ones held by preferred clients at the expense of ...Business - MarketWatch - Yesterday -
U.S. Chip Toolmakers Move to Cut China From Supply Chains
Applied Materials and Lam Research are telling vendors to follow new restrictions, spurred by U.S. government pressure.Tech - The Wall Street Journal - November 4 -
Why Trump May Drop Plans to Repeal Biden’s Chips Act
The president-elect has a record of reversing policies from prior administrations, but there are many reasons he might spare Biden’s program to boost domestic semiconductor manufacturing.Business - Inc. - November 7 -
Biden Team Races to Deliver Chip Grants Before Trump Takes Over
Government officials and chip makers like Intel are in talks over billions of dollars aimed at growing domestic manufacturing.Tech - The Wall Street Journal - November 19 -
Warren Buffett Doesn’t Endorse Political Candidates, but He Gave Us 600 Million Reasons Why He Thinks Harris Will Win
The Oracle of Omaha orchestrated a massive selloff of Berkshire Hathaway’s Apple shares in anticipation of a Democratic win that would lead to hikes in corporate and capital gains taxes.Business - Inc. - November 5 -
AMD Ryzen AI 300 Series processor laptops can be 75% faster on games than Intel rivals
AMD has a new batch of AMD Ryzen AI 300 Series processors with integrated graphics and the company says its thin-and-light laptops are as much as 75% faster than Intel rivals. The thin-and-light ...Tech - VentureBeat - November 14 -
Sharing More Than a Last Name
Haley Cohen and Jason Cohen met briefly as children, then matched on an app as adults. “It just seemed like fate,” the groom said.Lifestyle - The New York Times - 5 days ago
