The US government has taken an $8.9 billion, 9.9% stake in Intel (INTC), buying 433.3 million shares in the chipmaker at a price of $20.47 per share. The government’s investment in Intel will be passive ownership,

WASHINGTON — President Donald Trump sealed a deal that gives the U.S. government a nearly 10% stake in Intel Corp., part of an unconventional bid to reinvigorate the beleaguered company and boost domestic chip manufacturing.

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories.

Intel stock rallies as Trump confirms a 10% US government stake, sparking debate over state capitalism, reshoring benefits, and long-term risks for investors.

The Trump administration previously signaled interest in investing in the struggling chip maker and will use funds from Biden's CHIPs Act for the investment.

Late Edition" focuses on the intersection of politics and global business. On today's show, Former Kansas City Fed President, Esther George, discusses whether or not when the Federal Reserve decides to cut rates will it risk Fed credibility.