Author: OMN AI
OMN AI
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US Secretary of Commerce Howard Lutnick announced on Friday that Washington will take a 10% stake in Intel. “This historic agreement strengthens American leadership in semiconductors. It will grow our economy and secure our technological edge,” Lutnick wrote on X. He shared the message with a photo of himself alongside Intel CEO Lip-Bu Tan. President Donald Trump revealed the deal earlier in the Oval Office. He called it “a great deal for them.” Shares of the Santa Clara-based chipmaker rose more than 5% on Friday. Intel confirmed that the US government will invest $8.9bn (£6.6bn) in Intel common stock. Funding…
The cryptocurrency industry develops fastest in Asia, while the United States has boosted efforts under Trump’s second term. Europe, instead of pursuing rapid growth, has directed its energy toward detailed regulation. Since 2009, Bitcoin has risen from near zero to about $120,000, symbolizing the sector’s explosive expansion and mainstream acceptance. Digital currencies, once experimental, now attract global investors, banks, and legislators. Through the MiCA directive, the EU enforces rules on wallet segregation, audits, licensing fees, and transfer verification. Advocates say such measures protect customers and stabilize the sector. Critics argue they raise barriers and restrain innovators, drawing digital assets closer…
Elon Musk and his social media platform X have reached a settlement with former staff. The dismissed workers had sued the company for $500 million in unpaid severance. The deal was disclosed in a court filing on Wednesday. Both sides asked the San Francisco appeals court to delay an upcoming hearing. They said they need time to finalize the paperwork. Thousands dismissed after Musk takeover The conflict started after Musk dismissed about 6,000 employees in 2022. That represented more than half of the company’s workforce. Many of those affected challenged the severance terms in court. Representatives of X and lawyers…
Sony will raise the price of the PlayStation 5 in the US by around $50 starting Thursday. The Japanese technology company faces rising expenses and a weakening video game market. Sony executive Isabelle Tomatis said in a blog post that the company operates in a “challenging economic environment.” All three console versions will see price increases. The Pro edition now carries a price tag of $749.99. Trade tariffs fuel cost pressures The move follows tariffs introduced by President Donald Trump against several major trade partners, including Japan. These tariffs have fueled concerns about higher costs. Tomatis stated: “We made the…