Biden Cuts Intel’s Chip Award by More Than $600 Million

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 - 2 days 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 - 3 days 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.

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

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.

Germany's arms shipments to Israel worth more than €130 million

World - Yahoo News - 2 days ago

Millions to see mortgage costs rise, says Bank

About 4.4 million UK households could see their repayments increase by 2027.

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 - November 21

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 partying

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 - 4 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 - 3 days 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

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 on

Health - 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 on

World - 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 ...

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 ...

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 guess

Sports - 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 - 3 days ago

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

US to Introduce New Restrictions on China’s Access to Cutting-Edge Chips

The new limits, which are expected to be announced Monday, are intended to slow China’s ability to build large and powerful AI models.

Tech - Wired - Yesterday

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