Trump moves to fire Fed's Lisa Cook
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CNBC’s Steve Liesman and New York Fed President John Williams join 'Squawk Box' to discuss the mortgage fraud allegations against Federal Reserve Governor Lisa Cook, importance of Fed independence, state of the economy,
The government’s stake was largely made possible through money that was awarded to the company, but not yet paid out, through the CHIPS Act, which was signed into law by Joe Biden in 2022. Trump has previously called on Congress to “get rid” of the law.
Commerce Secretary Howard Lutnick's remarks came days after the U.S. government agreed to acquire an equity stake in Intel.
The commerce secretary said there was a “monstrous discussion” among Trump administration officials about taking partial ownership of defense giants days after President Donald Trump announced a similar partnership with Intel.
After Intel's agreement with the Trump administration, Commerce Secretary Howard Lutnick said companies such as Lockheed Martin could be next
Sen. Todd Young (Ind.), the Republican senator who drafted the legislation that became the foundation of the CHIPS and Science Act, said the law was never intended to let the federal government
White House economic adviser Kevin Hassett on Monday defended the federal government’s new stake in a mega U.S. chipmaker — and hinted at similar future deals.
CNBC's Squawk Box takes a closer look at China's blind box craze that's helping to boost sales of Labubu dolls and the rising popularity of Netflix's current hit Kpop Demon Hunters.