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SoftBank to invest $2 billion in Intel: Here's what to know
CNBC Television· 2025-08-19 11:17
Meanwhile, Soft Bank investing $2 billion in Intel. This, of course, coming as the Trump administration reportedly considering a taking a stake of 10% in that struggling chipmaker. Christina Partinelos joins us now with the latest on all of it.Good morning. Good morning. This is I would say it's really just a lifeline from the private sector.Soft Bank is going to pay about 23 bucks a share. Intel tells me just last night it's a quote primary issuance of common stock. So that's 87 million new shares, giving ...
Sec. Bessent testifies no 'quid pro quo' on trade deals
CNBC Television· 2025-06-11 21:37
Well, we do have a news alert on Scott Besson's Senate testimony this afternoon. The Treasury Secretary making some comments on the US China trade deal. CNBC's Aean Javvers has the latest.Aean, what do you got. Hey there, Courtney. A couple of things to bring you up to speed on here in terms of the Treasury Secretary's testimony.He testified, by the way, for by my count something like six straight hours on Capitol Hill today in front of two separate committees on three hours of sleep after flying back to th ...