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Billionaire investor and hedge fund veteran John Paulson said Friday that he would like to see the Federal Reserve start big with its rate cuts. The central bankers seem to be deciding between a cut of 25 basis points or 50 basis points. One asset class that often rises when the Federal Reserve cuts rate is gold, and Paulson is a longtime bull on the yellow metal. Paulson is a veteran figure in the hedge fund world and is perhaps most famous for betting against the housing market ahead of the 2007 crash. Paulson announced in 2020 that he was converting his hedge fund into a family office.
Persons: John Paulson, Paulson, Donald Trump, Kamala Harris, Treasurys Organizations: Federal Reserve, Paulson, Co, Mines, U.S
CNN —Joe Schmidt, a Detroit Lions legend and Hall of Famer, has died at the age of 92, his family said in statement published by the Pro Football Hall of Fame. “When Joe Schmidt got to the ball carrier, that was the end of the play. He went on to play his entire 13-year NFL career in Detroit, helping the Lions win another NFL championship in 1957. Schmidt (56) lines up as Los Angeles Rams quarterback Zeke Bratkowski (12) prepares to snap the ball against the Detroit Lions at Los Angeles Memorial Coliseum on October 29, 1961. He was enshrined into the Pro Football Hall of Fame in 1973 and is a part of the NFL 100 All-Time Team.
Persons: Joe Schmidt, Hall, ” Jim Porter, ” Schmidt, Schmidt didn’t, Schmidt, Zeke Bratkowski, David Boss, Imagn Schmidt, “ Joe Schmidt, Martha Firestone Ford, “ Joe, Marilyn, ” Ford Organizations: CNN, Detroit Lions, Hall of Famer, Pro Football Hall of Fame, NFL, Lions, University of Pittsburgh, The Lions, Los Angeles Rams, Los Angeles Memorial Coliseum, USA, ” Lions Locations: Detroit
Read previewEarlier this week, Kendrick Lamar was confirmed as the headliner for the next Super Bowl halftime show. AdvertisementMany hip-hop fans had hoped that Lousiana native Lil Wayne would be the chosen headliner — a hope that Lil Wayne said he shared. Here's a breakdown of the controversy's key points and everything you need to know about the Lamar vs. Wayne debate. Lil Wayne, Nicki Minaj, and Drake at the 2017 Billboard Music Awards. LIL WAYNE!!!!!!!!!!
Persons: , Kendrick Lamar, Lamar, Drake, Lil Wayne, I'm, Wayne, Lamar hasn't, Critics, Wayne hasn't, Jay, Uzi, Lil Yachty, Ty Dolla, Nicki Minaj, Minaj, Kevin Mazur, Dre, Cam'ron, Wayne —, Nicki, LIL WAYNE, Nola what's, Johnny Nunez, Mike Freeman, Roc, Z, Z's, Joe, Fabolous, Roger Goodells Organizations: Service, Business, Lamar, Future, Metro Boomin, NFL, ign, Young Money Entertainment, Money Records, ppl, SoFi, West, Entertainment, Birdman, Cash, Wayne, BIRDMAN, The Recording, USA, Young, NPR, Jay Locations: New Orleans, Lamar, Los Angeles, Compton , California, City of New Orleans, Atlanta, Las Vegas
One of Israel’s most wanted men, Sinwar hasn’t been seen since the war. On Tuesday, he issued his first statement since the war, congratulating Algerian President Abdelmadjid Tebboune for his election victory, according to Hamas’ Telegram channel. The next day, his office said he wrote letters thanking those who offered condolences for Haniyeh’s death. CNN cannot verify if Sinwar is indeed the author of the letters. Sinwar was named political leader of Hamas after Haniyeh was assassinated in the Iranian capital Tehran in July.
Persons: Yahya Sinwar, Hassan Nasrallah, Israel, ” Sinwar, Nasrallah, Ismail Haniyeh, Sinwar hasn’t, hadn’t, Abdelmadjid Tebboune, Sinwar, Haniyeh, Organizations: CNN, Zionist, Hezbollah’s Telegram, Israel, Hamas, ’ Telegram Locations: Lebanese, Iran, Gaza, Israel, Tehran, Al Aqsa, Jerusalem
Read previewTaylor Frankie Paul and Dakota Mortensen's rocky relationship is finally coming to light after their appearance in "The Secret Lives of Mormon Wives" season one. That was the inciting incident that eventually led to "The Secret Lives of Mormon Wives." Taylor Frankie Paul was arrested while they were filming the first episode of "The Secret Lives of Mormon Wives." Spring 2024: Paul and Mortensen document their relationship difficulties on "The Secret Lives of Mormon Wives." On September 4, Paul appeared on "The Viall Files" podcast to address her previous scandals and her appearance on "The Secret Wives to Mormon Wives."
Persons: , Taylor Frankie Paul, TikTok, Paul, Mortensen, Tate Paul, Tate, Disney, Pamela Littky Paul, Indy, she's, Taylor's, it's, Mortensen's, Ashley Rose Ramirez Paul, Neeley, Jenna, Neely, 6lbs, we've, I've, It's Organizations: Service, Business, Herriman City Police Department, Salt Lake Tribune, Daily Mail Locations: Dakota, Salt, Las Vegas
The pilots of a FedEx cargo plane couldn’t see the runway or the airfield at Austin-Bergstrom International Airport. On Thursday, another near-miss was added to the list when an Alaska Airlines plane and a Southwest plane nearly collided in Nashville. In some cases, hero pilots such as Bradeen and Carvajal have kept collision courses from turning deadly. But about three miles out from landing, they grew uneasy when an air traffic controller cleared the Southwest flight to take off in front of them. The pilots’ awareness was heightened, but Bradeen said he didn’t realize a collision was imminent until about 100 or 150 feet away.
Persons: they’re, , , Robert Bradeen, CNN’s Pete Muntean, ” Bradeen, Captain Hugo Carvajal, Rob’s –, , ’ ” Carvajal, Carvajal, Hugo Carvajal, Bradeen, they’ve, Hugo, , didn’t, Jason Ambrosi, Austin, Jennifer Homendy, we’re Organizations: CNN, FedEx, Bergstrom International, Southwest Airlines, National Transportation Safety, National Transportation, Alaska Airlines, Southwest Boeing, NTSB, FedEx Boeing, Southwest, Air Line Pilots Association, FAA Locations: Austin, Alaska, Nashville, Memphis
Brazil's supreme court announced Friday that it ordered banks to transfer funds from Starlink and X accounts to pay fines the court levied against Elon Musk's social network. Following the transfers, the court ordered that the frozen bank accounts and assets of X and Starlink be released, saying there was no longer any need to keep them. The court suspended X at the end of August, and the suspension remains in place. On Sept. 5, his long-time collaborator at the helm of SpaceX, COO Gwynne Shotwell, also took shots at the Brazil supreme court online. Backers of de Moraes and the STF have seen the orders against X Corp. as an assertion of Brazilian sovereignty.
Persons: Elon Musk, Brazil's, Alexandre de Moraes, X, Musk, Starlink, de Moraes, UOL, Jair Bolsonaro, Bolsonaro, Brazil's Jan, Gwynne Shotwell, Alexandre Organizations: Tesla Inc, Elon, SpaceX, X Corp, Twitter Locations: Washington , DC, Starlink, Brazil
Business Insider asked him about the casting of Downey Jr. as the villain Doctor Doom, which shocked fans when it was announced over the summer. Robert Downey Jr. and Don Cheadle in "Iron Man 2." Marvel StudiosCheadle has played Rhodey since 2010's "Iron Man 2," after taking over the role from Terrence Howard, who played the character in the first "Iron Man" film. AdvertisementCheadle reprised the role in "Iron Man 3," "Avengers: Age of Ultron," "Captain America: Civil War," "Avengers: Infinity War," and "Avengers: Endgame." In "Endgame," Downey Jr.'s Iron Man was killed off, seemingly putting an end to the actor's time in the MCU (at least until that controversial Doom casting).
Persons: , Don Cheadle, Robert Downey Jr, Cheadle, Downey, Doctor Doom, James, Rhodey, Rhodes, Tony Stark, Marvel Studios Cheadle, Terrence Howard, Russo, I'm, he'd, I've, Kevin Hart, Shawn Charles, Anthony Robles Organizations: Service, Marvel, Toronto, Business, Cheadle, coy, Marvel Studios, America, Disney, Collider
Why Trump ditched a debate rematch – for now
  + stars: | 2024-09-13 | by ( Stephen Collinson | ) edition.cnn.com   time to read: +10 min
After Tuesday’s onstage meeting, Harris had said that she and her opponent owed it to voters to debate again. Harris’ senior campaign adviser, David Plouffe, blasted Trump on X as “chicken man.”The Republican nominee often changes his mind. He asked, “Wasn’t ‘The Apprentice’ a great show, though?” and wistfully reminisced about the final night of his election campaign in 2016. Will Trump stick to his refusal to debate Harris again? But Bryan Lanza, a senior Trump campaign advisor, insisted that this was a tactical decision.
Persons: Donald Trump’s, Kamala Harris, outdid, we’ve, It’s, ” Trump, Joe Biden, Trump, Harris, Trump’s, Harris ’, David Plouffe, , Arizona —, Biden, she’s, embroils Trump, Laura Loomer, Marjorie Taylor Greene, Loomer, denigrated Harris, there’ll, Democrats haven’t, Harris can’t, Dick Cheney, Liz Cheney, “ Harris, , – Trump, keener, , Melania Trump, JD Vance, Will Trump, president’s, Bryan Lanza, “ It’s, ” Lanza, President Trump, JB Pritzker, “ Donald Trump, ” Pritzker, Wolf Blitzer, “ Kamala Harris, Hillary Clinton, Alyssa Farah Griffin, ” Griffin, Donald Trump, , ’ ” Griffin Organizations: CNN, Democratic, Trump, Republican, ABC News, , Democrats, North Carolina, GOP, Wyoming, “ Democrats, Republicans, Biden, , Illinois, House Locations: Arizona, Georgia, Trump, North Carolina, Chicago, Charlotte, Pennsylvania, America, Springfield , Ohio
How McNairy joined the 'Speak No Evil' remakeAlix West Lefler, Scoot McNairy, and Mackenzie Davis in "Speak No Evil" (2024). He was excited to collaborate with them both, and that prompted his interest in checking out the original movie, which BI reporter Eammon Jacobs previously named one of the best new horror movies of 2022. "I watched the original before I even read the James Watkins script," McNairy told BI. How the 'Speak No Evil' remake came aboutSo, how did the remake, released only two years after the original, come to pass in the first place? "Speak No Evil" is in theaters now.
Persons: , Scoot, Louise Dalton, Mackenzie Davis, preteen Agnes, Alix West Lefler, James McAvoy, Ciara, Aisling, Ant, Dan Hough, Daltons, Paddy, they're, Ben, McNairy, Scoot McNairy, Susie Allnutt, Blumhouse, James Watkins, McAvoy, Eammon Jacobs, Watkins, Jason Blum, Blum, McAvoy's Organizations: Service, Business, Sundance Film, Universal Pictures, AMC, Blumhouse, Universal Studios Locations: Ben, London, Italy, Danish, Eden
"This is the bank stock to buy, if you want to buy a bank stock," Jim offered, arguing that the regulatory snag shouldn't be a huge surprise to the market either. The agency said in a statement that Wells Fargo has already started to take corrective steps to remedy these issues. During Thursday's September Monthly Meeting, he said he would consider Wells Fargo as an honorary 13 core portfolio holding . Investors appear to have brushed off worries as well, with Wells Fargo stock up more than 1% on Friday. A person walks past the entrance to a Wells Fargo bank branch on Amsterdam Avenue on June 25, 2024, in New York City.
Persons: Wells, Jim Cramer, haven't, Jim, Wells Fargo, they're, We're, Charlie Scharf, Raymond James, Jim Cramer's, Gary Hershorn Organizations: Currency, OCC, Federal Reserve, Wall, RBC Capital Markets, CNBC, Corbis, Getty Locations: Wells Fargo, Wells, Amsterdam, New York City
Aid workers reached more than 90% of targeted vaccine coverage in the first phase of the UN-led campaign, according to the UN’s agency for Palestine refugees, UNRWA. Israel’s offensive in Gaza, launched after the Hamas-led October 7 attacks, has precipitated a humanitarian crisis and flattened critical infrastructure. Meanwhile, Israeli aid restrictions have severely depleted fuel stocks, chlorine and spare parts, stifling water production, purification and sewage pumping, according to the agency. Then in August, an 11-month old boy became the first person in Gaza in 25 years to be diagnosed with polio. Relief workers described repeated challenges to the campaign rollout – especially in northern Gaza – citing Israeli evacuation orders, roads damaged by bombardment, increased hostilities and scant fuel supplies.
Persons: , Tedros Adhanom Ghebreyesus, , ” Mahmoud Shalabi, ” Shalabi Organizations: CNN, World Health Organization, WHO, UN, UNRWA, Humanitarian Affairs, United, WHO . Relief, Aid, MAP Locations: Gaza, Palestine, United Nations, Israel
But thanks to the efforts of the research teams awarded the IG Nobel Prize on Thursday, some of these questions – which you might not even have thought existed – now have answers. Professor Sander Woutersen, right, displays an oversized stuffed worm while accepting a shared Ig Nobel Prize in chemistry for research using chromatography to separate drunk and sober worms. Steven Senne/APAmong those collecting their prizes was a Japanese research team led by Ryo Okabe and Takanori Takebe who discovered that mammals can breathe through their anuses. A Dutch-French research team also produced a live demonstration when they collected the chemistry prize to explain how they used chromotagraphy to separate drunk and sober worms. On that note, some of the items in the box were missing, presenters said, and the box itself was “almost impossible to open.”
Persons: , , Sander Woutersen, Steven Senne, Ryo Okabe, Takanori Takebe, B.F Skinner, Jacob White, Felipe Yamashita, James C, Liao, Fordyce Ely, William E, Petersen Organizations: CNN, eBay, Murphy’s Locations: Japanese, European, French, Chilean
In the first college admissions process since the Supreme Court struck down affirmative action last year, Asian American enrollment at the most prestigious U.S. schools paints a mixed, uneven picture. Columbia University — which, unlike the other Ivies, groups Pacific Islanders with Asian Americans — saw an increase of nine percentage points in its enrollment of Asian American applicants, while Brown saw an increase of four percentage points. It doesn’t mean that race is entirely ruled out of the admissions process, however. Poon, who is the author of “Asian American is Not a Color: Conversations about Race, Affirmative Action, and Family,” said that with race masked in the admissions process, concerns around biases are actually more prevalent. And it’s going to be difficult to determine, for example, why there were drops in Asian American enrollment at some schools as well.
Persons: , OiYan Poon, ” Poon, , Brown, St . Louis, Edward Blum, Hopi Hoekstra, ” Hoekstra, Jonathan Palumbo, Whitney Soule, Dartmouth —, John Roberts, ” Julie J, Poon Organizations: Ivy League, Yale, Princeton, Harvard, University of Illinois, Columbia University —, Pacific Islanders, MIT, Amherst College, Washington University, Conservative, Fair, NBC News, ” Harvard, of Arts and Sciences, Harvard Crimson, , University of Pennsylvania, — Cornell, Dartmouth, University of North, University of Maryland, Universities, Federal Student Aid, NBC Asian Locations: U.S, Columbia, Brown, University of Illinois Urbana, Champaign, St ., University of North Carolina, NBC Asian America
SAN ANTONIO — In the three weeks since Texas’ attorney general executed raids at the homes of several Latino election activists, the state’s oldest civil rights organization has been marshaling members to step up voter registration for what they say is a stand against voter suppression. A voter at news conference to respond to allegations by Texas Attorney General Ken Paxton, on Aug. 26 in San Antonio. A contingent of LULAC members and other Hispanic activists attended the hearing in support of Medina. Texas LULAC President Gabriel Rosales said in a phone interview that along with the fear, the raids “kind of lit a fire from Hispanics around Texas. “Councils have been doubling their efforts to engage Latino voters across Texas and across the country,” Proaño said.
Persons: ANTONIO —, , , Juan Proaño, Paxton, Ken Paxton, Eric Gay, Juan Manuel Medina, Geoffrey Goldstein, ” Medina’s, Medina, Lidia Martinez, Martinez, ” Martinez, Gabriel Rosales, ” Rosales, Houston, LULAC, Proaño, ” Proaño, Lidia Organizations: ANTONIO, League of United Latin American, Texas, NBC, Tejano Democrats, LULAC, American GI, Latinos Locations: Texas, South Texas, Frio County, county's, San Antonio, Medina, America, , Mexican
Some sections are backward-looking and focus more on touting the record of the Biden-Harris administration, while also criticizing Trump’s agenda. The health care section of Harris’ agenda focuses more on what the Biden-Harris administration has done than plans for the future. The Harris agenda vows to “fight to raise the minimum wage,” but doesn’t say how high she wants it to be. The Harris campaign would not say whether she supports doing away with the 60-vote rule to pass those measures. The bulk of Harris’ agenda would be subject to congressional approval, likely requiring Democrats to control the House and Senate to have a strong chance of passage.
Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, , , Sydney Smith, Republicans scoff, ” Sen, John Cornyn, Harris hasn’t, “ I’m, Biden, Republicans tanked, Trump, Karoline Leavitt, “ They’ve, Ron Wyden, “ We’re, ” Harris, Hasan Pyarali Organizations: WASHINGTON, Biden, Republican, New York Times, Trump, Wake Forest University, Republicans, GOP, NBC News, Security, Social Security, Medicare, Senate, Border Patrol, The Society, Technology, , CNN, ABC, Democratic Locations: North Carolina, Texas, America
Congress faces a Sept. 30 deadline to fund the government or a shutdown will begin on Oct. 1. Following Trump's comment, Johnson tied a six-month spending bill, or continuing resolution, to the SAVE Act, GOP-sponsored legislation that would overhaul elections. Democrats have said they would only support a "clean" spending bill to fund the government through March, past the presidential election and inauguration. By the way, while we're on that topic, we're rubber stamping more money for the open border," Vance added. He also said he preferred engaging in the traditional appropriations process, where "we actually go in and say, 'Why the hell are we spending money on that?
Persons: WASHINGTON — Sen, JD Vance, it’s, ” Vance, Shawn Ryan Show, , Mike Johnson, Donald Trump, don’t, ” Trump, Johnson, Vance, Ryan, I've Organizations: Republicans, Republican, Trump, GOP, SAVE, Grappling Locations: R, Ohio
“Anywhere you walked, body parts,” he said. Many of the bodies were burned and dismembered beyond recognition, Gaza Civil Defense spokesman Mahmoud Basal told NBC News. At least 93 people were believed to have been killed in the strike, according to the Gaza Civil Defense agency. “We only saw body parts of him,” he said. Mahany said that in the days following the strike, he would also learn that two of his other children had been killed.
Persons: Ashraf Juda, shrouds, Noah Al, , Sharnouby, Mahmoud Basal, Ahmed Radi, ” Radi, ” Mustafa Mahany, , Mahany, Israel, ” Mahany, Daniel Hagari, Richard Weir Organizations: Central Camps Brigade, NBC News, Gaza’s Civil Defense, Gaza Civil, Gaza Civil Defense, Al, Ahli Arab Hospital, IDF, Boeing, Human Rights Locations: Territories, Gaza, Ahli, Gaza City, U.S
More than a half-million children in Gaza have received a first dose of the polio vaccine, the World Health Organization said Thursday. So far, Peeperkorn said, 552,451 kids received the oral drops of the polio vaccine during brief moments of humanitarian pause in the conflict between Israel and Hamas in Gaza. “Everywhere the team has gone, parents are doing all they can to ensure their child does not miss vaccination,” Peeperkorn said. Another NGO, MedGlobal, has given approximately 5,000 doses of the polio vaccine in Gaza. The strain that was found is linked to a polio vaccine that has not been used in the U.S. since 2000, but is still used in other parts of the world.
Persons: , ” Dr, Rik Peeperkorn, Peeperkorn, ” Peeperkorn, hasn’t, wouldn’t, Chessa Latifi, ” Latifi, , Zaher, Balah, Latifi, “ There’s, “ We’re Organizations: World Health Organization, West Bank, HOPE, Centers for Disease Control Locations: Gaza, Israel, U.S, Gazan, Deir
Months after the beef between rappers Kendrick Lamar and Drake seemingly reached a conclusion, Lamar has dropped a new track. Lamar posted an untitled song to his Instagram Reels without a caption on Tuesday evening. Lamar similarly released one of his diss tracks against Drake, “6:16 in L.A.,” on Instagram only. Lamar was embroiled in a monthslong feud with Drake that produced nine diss tracks between the two rappers. 1 on the Billboard Hot 100 and was one of the top songs of the summer, according to the outlet’s summer songs chart.
Persons: Kendrick Lamar, Drake, Lamar, MTV VMAs, disses Drake, ” Lamar, Organizations: MTV, Air Force, Black Air Force Locations: L.A, New Orleans
Editor’s Note: Tech for Good is a series that highlights young innovators developing technology to improve our world. Cast your vote below to help us decide what projects to feature in a special episode of the show, airing in November. Today, private companies dominate space launches and tourism, but entrepreneurs across the world are working on technology to make space exploration cheaper, more sustainable, and more efficient. On campuses and in classrooms everywhere, students are working on ideas that could seed a new generation of startups. Innovation like this could be crucial to continue the revolution that’s gripped the space industry in recent decades.
Persons: Phil McAlister, McAlister, , “ They’re, Organizations: Hong Kong CNN, SpaceX, Companies, CNN, Tech, ETH Zurich, Polytechnique Locations: Hong Kong, Switzerland, Japan, Canada
She has pushed conspiracy theories about undocumented immigrants registering to vote in November, and she touted the baseless story about Haitian immigrants eating cats. On Wednesday, Rep. Marjorie Taylor Greene, R-Ga., called for Loomer to delete an “extremely racist” post targeting Vice President Kamala Harris. “This does not represent President Trump. Greene has promoted antisemitic conspiracy theories and made controversial remarks about the Holocaust, comparing mask mandates to the Holocaust before later apologizing. She also previously expressed support for the far-right conspiracy theory QAnon and been criticized for a series of racist comments.
Persons: Donald Trump, Laura Loomer, Trump, Sen, JD Vance, Loomer, Kamala Harris, Joe Biden, Harris, Taylor Swift, Travis Kelce, Marjorie Taylor Greene, MAGA, ” Greene, ” Harris, Greene, George Floyd Organizations: Wednesday, Trump, NBC News, NBC Locations: New York, Manhattan, Ohio
Here's a rapid-fire update on all 32 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. AMD shares have caught a bid in recent days, but they're still cheap considering the growth of its AI processors. Broadcom : Investors who don't own any Broadcom yet should consider starting a position here, Jim said. Although it's tempting to offload shares, Jim said to stick with Honeywell for now because there's huge value in individual businesses like aerospace. There's little negative to say about this portfolio stock.
Persons: Jim Cramer's, Jim, Apple, haven't, it's, that's, he'll, Bob Iger, Bob Chapek, Larry Ellison, Biogen, Eli Lilly, Lowe's, Vimal Kapur, We'd, Linde, Lilly, Morgan Stanley, Goldman Sachs, It's, Jensen Huang, Kamala Harris, Republican Donald Trump, CrowdStrike, Palo, — we're, we're, Brian Niccol, Sands, Stanley Black, Decker, Wells, Charlie Scharf's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Abbott Laboratories, Abbott Labs, AMD, Amazon, Web, Broadcom, VMWare, Federal Reserve, Costco Wholesale, Coterra, DuPont, New York Times, Oracle, GE Healthcare, GE, Honeywell, Linde, Microsoft, Nvidia, Republican, Palo Alto Networks, Palo, Procter & Gamble, Procter, Gamble, Constellation Brands, Modelo, Stanley, TJX, Marshalls, Jim Cramer's Charitable, Traders, New York Stock Exchange, AFP, Getty Locations: Nvidia's, San Francisco, China, Dover, United States, industrials, OpenAI, Palo Alto, Wells Fargo
Between 2021 and 2022, average annual grocery prices were up 11.4%, the highest increase since 1979. In this episode of "Just the Facts," the US Economy and your Pocketbook. Let's take a look at the economy and how it is working or not working for you. To measure inflation, let's start by looking at the Consumer Price Index, or CPI. Between 2021 and 2022, average annual grocery prices were up 11.4%, the highest increase since 1979, and they grew another 5% between 2022 and 2023.
Persons: Steve Ballmer, USAFacts, COVID, it's, There's Organizations: Insider Studios, LA Clippers, Consumer, Federal Reserve, Real, Social Security Locations: America, United
The company is turning to Commerce Secretary Gina Raimondo for help. In a recent meeting with Raimondo, Intel CEO Pat Gelsinger voiced frustration over the heavy reliance that U.S. companies have on Taiwan Semiconductor Manufacturing , the world's largest contract chipmaker. Intel is currently building out plants in four U.S. states as it seeks to become more of a foundry business, manufacturing chips for other suppliers. It's an increasingly important initiative for Intel, which is getting trounced in the market for microprocessors. Concerns have been rising for years that China could invade Taiwan, creating a massive risk for the U.S. chip industry.
Persons: Gina Raimondo, Joe Biden, Raimondo, Pat Gelsinger, chipmaker, Biden, It's, David Zinsner, Zinsner, Jensen Huang, Goldman Sachs, Huang, David Solomon Organizations: Semiconductors, America, White, Intel, U.S, Taiwan Semiconductor Manufacturing, Nvidia, Apple, CNBC disbursements, Devices, U.S . Commerce Department, AMD, Google, Broadcom Locations: U.S, Taiwan, Arizona, China
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