The USD is lower to kickstart Friday’s trading.
The USD is lower to kickstart Friday’s trading. Iran will send a delegation to Pakistan this weekend which is helping to give the stock market a lift.
Intel shares are sharply higher after beating earnings expectations. What was once the clown of the chip space is now the star. Go figure.
Remember, last August, the Trump administration converted $8.9B in unspent CHIPS Act grants into a 9.9% equity stake in Intel — buying 433.3 million shares at just $20.47 each, making the U.S. government Intel’s largest shareholder (close to 10%) After blowout Q1 2026 earnings yesterday — revenue of $13.6B (beat by nearly $1B) and EPS of $0.29 vs. $0.01 expected — the stock surged ~20% to $82 today. At that price, the government’s position is now worth ~$35.5 billion, a gain of roughly $26.6 billion (+299%) in under a year. Even accounting for the full $11.1B in total government exposure, taxpayers are sitting on a +220% return.