Intel stock climbs following report that TSMC has pitched Nvidia, AMD on venture to run Intel’s foundry business

Intel (INTC) stock climbed higher Wednesday on a report that rival Taiwan Semiconductor (TSM) is in talks with a group of chipmakers, including Nvidia (NVDA) and AMD (AMD), that would run Intel’s chip manufacturing business. According to Reuters, the consortium, which would also include Broadcom (AVGO), would take over Intel’s foundry business, which is responsible…

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US budget deficit climbs to $367 billion in November on calendar payment shifts By Reuters

By David Lawder WASHINGTON (Reuters) -The U.S. government posted a $367 billion budget deficit for November, up 17% from a year earlier, as calendar adjustments for benefit payments boosted outlays by some $80 billion compared to the same month in 2023, the Treasury Department said on Wednesday. The Treasury Department said that without the acceleration…

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