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U.S. government’s Intel stake swells to $35 billion, netting $26.5 billion unrealized gain

The U.S. government is holding an unrealized gain of roughly $26.5 billion on its Intel (INTC) stake after the chipmaker’s shares jumped more than 22% in pre-mrket trading on Friday, following a stronger-than-expected first-quarter earnings report. The position stems from an August deal in which the Trump administration converted $8.9 billion in CHIPS Act grants…

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Rajnath visits German submarine yard as P-75I deal is expected soon | India News

NEW DELHI: Defence minister Rajnath Singh visited German company ThyssenKrupp Marine Systems’ (TKMS) submarine building facility in Kiel, where he was briefed on advanced naval technologies and capabilities. He was accompanied by German defence minister Boris Pistorius during the visit to the shipbuilding facility.The visit comes as India moves closer to finalising its nearly Rs…

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U.S. CFTC adds New York to string of states its suing to stop prediction market pushback

The U.S. Commodity Futures Trading Commission sued New York on Friday in its latest action to shield what the agency has argued is its unassailable nationwide regulatory authority over prediction market firms. Earlier this week, New York sued Coinbase and Gemini, arguing that their prediction market contracts violated state gambling laws. And last year, the…

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High voter turnout in Bengal and Tamil Nadu true signs of democracy, says Supreme Court | India News

NEW DELHI: The Supreme Court on Friday hailed the record 92 per cent voter turnout in the first phase of West Bengal assembly elections as a sign of robust democratic process in the country, after dealing with petitions challenging the special intensive revision, and deploying judicial officers for a fair scrutiny. A bench of Chief…

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