Intel Stock Rises After Announcing IPO Plans for Its Programmable Chip Unit

Text size Intel said it was unlocking more value for its shareholders by separating its Programmable Solutions Group. David Paul Morris/Bloomberg Intel plans to do an initial public offering for its programmable chip business. On Tuesday, the chip maker announced it will separate its Programmable Solutions Group (PSG) from its core businesses. “Our intention to … Read more

US automakers’ sales rose sharply over the summer, despite high prices and interest rates

DETROIT (AP) — Automakers posted big increases in new vehicle sales during the summer despite high prices, rising interest rates and even a limited strike against Detroit companies. Industry sales rose 16.3% from July through September as consumer demand stayed strong despite an average new vehicle loan rate of 7.4% and an average vehicle price … Read more

Who could succeed Republican Kevin McCarthy as speaker of the US House?

(Reuters) – A small group of rebellious Republicans in the U.S. House of Representatives succeeded in ousting their leader, Speaker Kevin McCarthy, on Tuesday in a historic first. It was unclear who would succeed McCarthy, but these are a few possibilities: STEVE SCALISE Representative Matt Gaetz, the lawmaker who spearheaded the push to oust McCarthy, … Read more

As the president pushes gun safety, Hunter Biden will mount a Second Amendment defense

Hunter Biden on Tuesday plunged into a burgeoning Second Amendment fight: whether the government can disarm people who use illegal drugs. Lawyers for the president’s son have repeatedly said they will defend him from three federal gun charges by arguing that the main federal law he’s charged under is unconstitutional in light of a recent … Read more

Ukraine’s Foreign Minister sure US support for Ukraine won’t stop despite elections

Foreign Minister Dmytro Kuleba reiterated his belief that the United States will continue to provide assistance to Ukraine despite the internal political processes and the upcoming presidential election. Source: Kuleba on air during the 24/7 national joint newscast on Tuesday, reported by European Pravda Details: Kuleba recounted President Zelenskyy’s last visit to Washington, during which … Read more

The House moves toward a vote on ousting Kevin McCarthy as speaker Tuesday

WASHINGTON — The House of Representatives on Tuesday is moving forward with a potentially historic vote to oust Kevin McCarthy from the speaker’s office, nearly nine months after the California Republican won the powerful gavel in a dramatic 15-round fight on the House floor. All 207 Democrats teamed up with 11 conservative Republicans to block … Read more