Government Stake in Intel According to Barron’s, “U.S. Takes 10% Stake in Intel. What to Know,” the U.S. will buy a roughly 9.9% passive equity stake funded by CHIPS grants and Secure Enclave awards; the move makes CHIPS a central policy tool and leaves Washington as a major shareholder in a strategic semiconductor firm. [Barron’s]…
Trade
Tech News – 2025-08-01
Global Markets React to New U.S. Tariffs President Donald Trump’s recent imposition of tariffs up to 41% on imports from 68 countries has led to significant market volatility. According to the Associated Press, “The Latest: US stock market and global trade partners react to Trump’s new tariffs,” global markets have experienced notable declines, with Wall…
YTInsider: Federal Reserve Chair Jerome Powell speaks as Fed holds interest rates steady — 7/30/2025
In a recent address, Federal Reserve Chair Jerome Powell provided an update on the central bank’s decision to maintain interest rates at their current levels, emphasizing the importance of careful monitoring of economic indicators. Powell articulated that the Federal Reserve will remain vigilant, stating, “We are committed to using our tools to support the economy…
Tech News – 2025-07-29
In a significant development within the Indian IT sector, Clorox has filed a $380 million lawsuit against Cognizant, alleging gross negligence during a 2023 cyberattack. According to the Financial Times article “Clorox sues Cognizant as troubles mount in India’s tech sector,” Clorox claims that Cognizant’s staff handed over credentials to hackers without proper verification. Cognizant…