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The Latest Breaking News from Howard Lutnick

Nvidia’s China-based rival posts 4,300% revenue jump as chipmaker’s earnings reported no H20 chip sales to the country

The sales surge reflects Beijing’s push for local players amid geopolitical tensions.

Fortune

Federal Funding for Universities Comes With Strings. Now Trump Is Pulling Them.

The potential nationalization and forced revenue sharing of university patents makes a strong case for the separation of economy and state.

Reason

Ron DeSantis Blasts H-1B as a 'Scam,' Accuses Big Firms of Dumping Americans for Cheaper Foreign Labour

Florida Gov. Ron DeSantis has called the H-1B visa program a 'total scam', alleging that companies use it to replace American workers with cheaper foreign labor. His comments come amid a broader discussion on US immigration and workforce policies.

International Business Times UK

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Lockheed Martin Faces Investor Class Action Over $3.3 Billion Losses As Securities Fraud Probe Heats Up Ahead Of Deadline

Law firm Faruqi Faruqi LLP is investigating potential claims against Lockheed Martin Corp. (NYSE:LMT) as investors face a September 26 deadline to seek lead plaintiff status in a federal securities class action.

Benzinga

Howard Lutnick Calls H-1B Visa A 'Scam,' Proposes Major Overhaul, Gold Card As Alternatives: 'Going To Change The Green Card'

Commerce Secretary Howard Lutnick has criticized the H-1B visa system that displaces American workers. Lutnick has suggested a new ‘Gold Card’ program as an alternative.

Benzinga

Trump looks to buy stakes in military corps raising concerns about private contractors and war conflicts

Howard Lutnick says ‘monstrous discussion’ underway at the Pentagon

The Independent UK

China could move away from Nvidia AI chips quicker than expected after brash 'addiction' comments from US Commerce Secretary

Political comments triggered China’s Nvidia clampdown, highlighting fragile diplomacy, rising domestic chip promotion, and the rapid acceleration of global decoupling.

TechRadar

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Could Trump Target A Stake In UnitedHealth Next? Maybe … Here's Why

The Trump administration's unique investment in Intel Corp. (NASDAQ:INTC) could be viewed as a template for how Washington may secure strategically vital industries by buying large stakes in publicly traded companies.

Benzinga

White House reveals nebulous plans to put government data on the blockchain — 'The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto president'

The White House announced plans to put statistics on 'the blockchain' for... reasons.

Tom’s Hardware

Commerce Secretary Lutnick: US GDP Statistics To Be Published On Blockchain

U.S. Commerce Secretary Howard Lutnick on Tuesday said the Department of Commerce will begin publishing its statistics on the blockchain, including gross domestic product (GDP).

Benzinga

US Considering Equity Stakes In Defense Contractors And More

US government exploring equity stakes in private businesses, focusing on defense contractors and strategic investments. Implications on economy and nationa...

Top News

President Trump Makes Markets Move Again: Stock Market Today

The White House is moving ahead with plans to reshape the Federal Reserve and to buy shares in more sectors and stocks.

Kiplinger

Defense Stocks Rise As Trump Team Considers Buying Into Major Contractors

Commerce Secretary Howard Lutnick said Tuesday that the Trump administration is considering buying ownership stakes in major defense contractors, similar to its recent controversial move to acquire part of chipmaker Intel Corp. (NASDAQ:INTC).

Benzinga

Even Marjorie thinks Trump has lost the plot as she breaks with him over his latest anti-MAGA plan

MTG just called out Trump on Chinese students... awkward.

We Got This Covered

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The Independent UK

‘Zero self awareness’: Newsom trolls Trump deputy’s description of ‘crooks’ in government over Lisa Cook ouster

Trump’s ‘firing’ of Fed board governor scares Wall Street and sets up another protracted court battle

Barchart

Will Trump Take a Stake in Palantir Stock Next?

The U.S. Commerce Secretary says the Trump administration is considering a stake in major defense contractors. Here’s why the government may acquire one in Palantir, and what it will mean for PLTR shares.

The Independent UK

MAGA ‘Shark Tank’ star rages against Trump’s ‘really, really bad idea’ to take stake in Intel

Kevin O’Leary’s condemnation of the Intel decision comes as the president’s top officials insist that the administration will be making similar moves down the line.

Tom’s Hardware

U.S. gov't seizes $7.4 billion semiconductor research fund created under Biden admin, calling it 'illegal' — Lutnick says fund 'served as a semiconductor slush fund that did nothing but line the pockets of Biden loyalists with American tax dollars'

The US Commerce Department of the Trump administration has pulled back billions of dollars in funding for a non-profit aimed at promoting US chip design and fabrication, suggesting that its appointment under the Biden administration somehow made it inappropriate for distributing taxpayer funds.

Get all your
news in one place.

100's of premium titles.
One news app.

Benzinga

US And Japan Set To Announce $550 Billion Mega Investment Deal, Says Howard Lutnick, But Tokyo Reportedly Resists Binding Terms

The U.S. government is preparing to formally announce a massive $550 billion investment from Japan this week, as stated by Commerce Secretary Howard Lutnick.

Benzinga

Intel Deal Splits Experts, Beijing Pressures Alibaba And ByteDance On Nvidia, Zuckerberg Reshuffles AI Again —Tech This Week

The past week has been a rollercoaster ride in the tech world. From President Donald Trump’s controversial stake in Intel Corporation to Beijing’s backlash against Nvidia Corporation and Mark Zuckerberg’s AI restructuring at Meta Platforms, the tech industry has been buzzing with activity. Let’s dive into the details.

Tom’s Hardware

Nvidia reportedly shows China-specific B30 chips with 80% of the performance of the standard Blackwell GPU to the U.S. government — Nvidia CEO says approval is still up in the air

Nvidia is still waiting for approval from the U.S. government to sell the B30 chip to China.

The Independent UK

Trump says Intel will give US government a 10% stake in its business

Deal comes despite Trump calling for Intel CEO to resign earlier this month for being ‘highly conflicted’

The Guardian - US

Trump says Intel has agreed to give US government a 10% stake

Unprecedented deal comes after president demanded CEO Lip-Bu Tan to resign over his ties to Chinese firms

Tom’s Hardware

U.S. gov't will take a 9.9% ownership stake in Intel — Trump administration won't get a board seat and is set to serve as passive investor (Update)

The US government and Intel have come to a deal to give the US a 9.9% stake in the chipmaker's business.

PC Gamer

'I think the United States should be given 10% of Intel': US president Trump wants a piece of the action, says CEO Lip Bu Tan has already forked over $10 billion because he wants to 'keep his job'

The deal might already be done.

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