Nvidia and AMD have agreed to share 15% of their revenue from sales to China with the U.S. government, the White House confirmed Monday, sparking debate about whether the move could affect the chip giants’ business and whether Washington might seek similar deals. In exchange for the revenue cut, the…
NEW YORK — A top official at the Federal Reserve said Saturday that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower. Michelle Bowman was one of two Fed officials who voted a week and a half ago in…
Bed Bath & Beyond is back — kind of. The bankrupt home goods chain is being resurrected by the owners and licensees of its intellectual property, which opened the first new Bed Bath & Beyond store in Nashville, Tennessee, on Friday with potentially dozens of more to come. This time…
Disney’s ESPN and Fox Corp. are teaming up to offer their upcoming direct-to-consumer streaming services as a bundle, the companies said Monday. The move comes as media companies look to nab more consumers for their streaming alternatives, and draw them in with sports, in particular. Last week, both companies announced…
Senate Republicans left Washington this week to sell President Donald Trump’s ‘big, beautiful bill,’ but the road to creating and passing the legislation began just over a year and a half ago. Trump’s $3.3 trillion megabill, crammed with his legislative priorities on border security, defense and energy, was a product…
Senate Republicans faced a choice recently: Remain in session and confirm more of President Trump’s nominees, or finally abandon Washington for the vaunted August recess. Senators hung around – a little while – knocking out some of the President’s nominees for administration positions. But not all. That drew the ire…
A senior member of Russian President Vladimir Putin’s inner circle warned that multiple countries are mounting ‘titanic efforts’ to undermine the upcoming summit between the Russian leader and U.S. President Donald Trump. The two leaders are scheduled to meet in Alaska on Aug. 15, though Trump’s announcement, made via a…
President Donald Trump will use the upcoming summit with Russian President Vladimir Putin to test how serious Putin is about ending the war with Ukraine, NATO Secretary General Mark Rutte said Sunday. Rutte told ABC’s ‘This Week’ that the meeting comes as Trump continues to put pressure on Putin, noting…
Ukrainian President Volodymyr Zelenskyy on Sunday thanked European leaders for backing his push to join this week’s U.S.–Russia summit, as Kyiv fears Washington and Moscow could strike a deal to end the war but in a way that undermines Ukraine’s sovereignty. ‘The end of the war must be fair, and…
President Donald Trump recently spoke to the South Carolina Republican Party’s Silver Elephant Gala through a phone that Sen. Lindsey Graham held up to a microphone. Trump, who endorsed Graham for re-election earlier this year, continued expressing his support for the senator while speaking on the phone. Trump said the…