Markets

AMD is getting whacked after Nvidia warns on China

AMD shares were down 6.5% Monday after Nvidia CEO Jensen Huang said declining macroeconomic conditions, particularly in China, impacted demand his company’s gaming graphics processing units. AMD is set to report its fourth-quarter results after Tuesday’s closing bell. At the beginning of the year, an analyst told Markets Insider that […]
AMD is getting whacked after Nvidia warns on China
News

Trump is attempting to use an obscure tactic to cut $15 billion from programs — including children’s health insurance

President Donald Trump will introduce a rescission package to cut $US15 billion in already approved spending from the federal budget. The cuts would come from the Children’s Health Insurance Program, the Center for Medicare and Medicaid Innovation program, and the Advanced Technology Vehicles Manufacturing loan program. The rescission package is […]
Trump is attempting to use an obscure tactic to cut $15 billion from programs  —  including children’s health insurance
Markets

Intel hits a record high after Trump shuts down the Qualcomm-Broadcom merger that would have created a super competitor

President Trump on Monday blocked chipmaker Broadcom’s proposed $US117 billion buyout of Qualcomm, citing national security. Shares of Intel rose after the executive order as a potential large new competitor is essentially wiped out. “This decision hangs a huge ‘not-for-sale’ sign on just about every American semiconductor firm,” one analyst […]
Intel hits a record high after Trump shuts down the Qualcomm-Broadcom merger that would have created a super competitor
News

The Republican tax law will likely save the government billions on a crucial child healthcare program — but Congress still can’t make a deal on it

The Congressional Budget Office (CBO) estimates that an extension of the Children’s Health Insurance Program (CHIP) would cost the government $US800 million over 10 years. An earlier projection put the cost at $US8.2 billion, but the Republican tax law signed by President Donald Trump last month changed that. Advocates hope […]
The Republican tax law will likely save the government billions on a crucial child healthcare program  —  but Congress still can’t make a deal on it