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The White House Is Going to Put Government Statistics on the Blockchain (Yeah, We Don’t Know Why Either)

gizmodo.com Matt Novak 2025-10-30 07:20:38

Remember back in 2017 when Bitcoin’s price soared and companies started promising to add everything to the blockchain? It was an embarrassing era, since blockchain technology has very few practical purposes that can’t be solved by a regular, old-school database. But it sounds like the White House just got the memo and wants to usher in the world of 2017 again. President Donald Trump held a televised “cabinet meeting ” at the White House on Tuesday that clocked in at over 3 hours and 15 minutes.

Topics: blockchain just lutnick statistics trump
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White House Suggests It’s Coming for Defense Companies Next

gizmodo.com Matt Novak 2025-10-31 03:39:06

The U.S. government took a 10% stake in Intel last week, through a deal that will convert funding from the CHIPS Act into partial ownership of the tech company. But President Donald Trump has much larger plans for his government’s takeover of private industry. At least that’s what Commerce Secretary Howard Lutnick suggested Tuesday during an interview on CNBC. CNBC host Andrew Ross Sorkin asked Lutnick about whether he thought it was “fair for America” that government was now taking control of

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U.S. Government Now ‘Controls’ 10% of Intel, Trump Says

gizmodo.com Matt Novak 2025-11-03 22:31:02

President Donald Trump announced Friday that the U.S. government would be taking a 10% stake in Intel, the struggling U.S.-based chip manufacturer. But the president’s choice of words will definitely raise more than a few eyebrows, especially since the Trump regime has previously said the federal government will have no corporate governance role at the tech company. “It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Compa

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Lutnick says Intel has to give government equity in return for CHIPS Act funds

cnbc.com Annie Palmer Chris Eudaily 2025-11-13 03:38:16

In this article INTC Follow your favorite stocks CREATE FREE ACCOUNT watch now Commerce Secretary Howard Lutnick said Tuesday that Intel must give the U.S. government an equity stake in the company in return for CHIPS Act funds. "We should get an equity stake for our money," Lutnick said on CNBC's "Squawk on the Street." "So we'll deliver the money, which was already committed under the Biden administration. We'll get equity in return for it." Shares of the struggling chipmaker climbed 8% on T

Topics: chips intel lutnick money said
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Howard Lutnick Calls CHIPS Act a ‘Giveaway to Rich Companies’ Like Intel

gizmodo.com Matt Novak 2025-11-13 08:40:15

The U.S. government could get a 10% equity stake in Intel in exchange for more funds from the CHIPS Act, according to Commerce Secretary Howard Lutnick, who appeared on CNBC Tuesday. Lutnick was pressed about whether that would be a worse deal than what Intel had previously received under the Biden-era manufacturing plan, and the commerce secretary seemed more than happy to acknowledge it was. “Of course it’s worse, of course it’s worse…” Lutnick said, laughing. CNBC host David Faber asked if t

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Senators Press Howard Lutnick’s Former Investment Firm Over Tariff Conflict of Interest Concerns

wired.com Louise Matsakis 2025-11-21 21:30:00

Last month, WIRED reported that the investment banking arm of Cantor Fitzgerald, a financial services company led by the sons of US commerce secretary Howard Lutnick, was exploring creating a financial product for clients to bet on whether President Donald Trump’s signature tariffs would be struck down in court. In response to WIRED’s reporting, Democratic senators Ron Wyden and Elizabeth Warren sent a letter to Cantor Fitzgerald chairman Brandon Lutnick on Wednesday demanding more information

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Commerce Sec. Lutnick says TikTok will go dark if China won't agree to U.S. control of the social media app

cnbc.com Ashley Capoot 2026-01-01 11:54:03

Commerce Secretary Howard Lutnick said Thursday that TikTok will go dark for Americans unless China agrees to give the U.S. more control over the popular short-form video app. "We've made the decision. You can't have Chinese control and have something on 100 million American phones," Lutnick told CNBC's "Squawk on the Street" on Thursday. TikTok's future in the U.S. has been uncertain since 2024, when Congress passed a bill that would ban the platform unless its Chinese owner, ByteDance, dives

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Trump’s Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them

wired.com Louise Matsakis 2026-01-08 14:51:28

Cantor Fitzgerald, a financial services company led by the sons of US Commerce Secretary Howard Lutnick, is creating a way for investors to bet that President Donald Trump’s signature tariffs will be struck down in court. Traders at the firm’s investment banking subsidiary, Cantor Fitzgerald & Co., say they have the capacity to buy the rights to hundreds of millions of dollars in potential refunds from companies who have paid Trump’s tariffs, according to documents viewed by WIRED. Lutnick ran

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Trump's Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them

wired.com Louise Matsakis 2026-01-09 02:51:28

Cantor Fitzgerald, a financial services company led by the sons of US Commerce Secretary Howard Lutnick, is creating a way for investors to bet that President Donald Trump’s signature tariffs will be struck down in court. Traders at the firm’s investment banking subsidiary, Cantor Fitzgerald & Co., say they have the capacity to buy the rights to hundreds of millions of dollars in potential refunds from companies who have paid Trump’s tariffs, according to documents viewed by WIRED. Lutnick ran

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Commerce Secretary Lutnick says China is only getting Nvidia’s ‘4th best’ AI chip

cnbc.com Kif Leswing 2026-01-20 02:32:41

Howard Lutnick, U.S. Secretary of Commerce speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025. Commerce Secretary Howard Lutnick on Tuesday said the Trump administration reversed course on allowing Nvidia to sell its AI chips to China because the U.S. company will not be giving over its best technology. Lutnick made the remark speaking with CNBC's Brian Sullivan, saying that Nvidia wants to sell China its "4th best" chi

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