Major U.S. equities indexes were little changed Thursday after a report showed the latest Producer Price Index, a key measure of wholesale inflation, rose more than economists expected in July.
A new report says the U.S. government could take a financial stake in Intel, which would be its biggest venture yet into private business for national-security reasons.
This is a developing story. Check back for updates.
The plan stems from a meeting this week between President Trump and Intel CEO Lip-Bu Tan, the report added.
Trump's backing of CEO Lip-Bu Tan boosts Intel's turnaround push as the chipmaker targets AI growth despite financial headwinds.
The government's stake would help fund factories it's currently building in Ohio, according to the report.
Trump's punches against Intel's new CEO land a direct hit — widening the opening for the tech giant's strongest rivals.
Intel eyes AI PC boom with Core Ultra chips, but faces tough competition and slashed earnings estimates.
Intel's (INTC) stock is on a roll after a White House meeting that could prove a turning point in the struggling chipmaker's relationship with the Trump administration.
A multi-day rally for Intel Corporation NASDAQ: INTC this week has pushed shares back toward the $22 level, with a surge of over 5% on August 11 that continued to August 12. This newfound momentum in Intel's stock price was not driven by a new product or an earnings beat.
Intel (INTC) shares surged again Tuesday following a meeting between CEO Lip-Bu Tan and President Donald Trump on Monday.
The chip maker could ask for more monetary support and for the White House to encourage customers to use its advanced chips, Bernstein analysts said.