Kyle Fitzgerald

1 day ago | thenationalnews.com | Kyle Fitzgerald

Tesla shares fell more than 15 per cent on Thursday, as the rift between US President Donald Trump and Elon Musk grew over the president's tax bill. The two billionaires dismantled swathes of the federal government during Mr Trump's first four months in office, but are now sparring over the contents of a Republican-led budget that is currently being debated by lawmakers in Congress. “Elon and I had a great relationship. I don’t know if we will anymore,” Mr Trump said in the Oval Office.

2 days ago | thenationalnews.com | Cody Combs |Kyle Fitzgerald

US-based semiconductor manufacturer GlobalFoundries, owned by Abu Dhabi’s Mubadala Investment Company, announced plans on Wednesday to invest $16 billion to expand semiconductor manufacturing and advanced packaging in the states of New York and Vermont. According to a news release from the UAE-backed company, it is collaborating with Apple, SpaceX, AMD, Qualcomm, NXP and General Motors on the project.

2 days ago | thenationalnews.com | Cody Combs |Kyle Fitzgerald

US-based semiconductor manufacturer GlobalFoundries, owned by Abu Dhabi’s Mubadala Investment Company, announced plans on Wednesday to invest $16 billion to expand semiconductor manufacturing and advanced packaging in the states of New York and Vermont. According to a news release from the UAE-backed company, it is collaborating with Apple, SpaceX, AMD, Qualcomm, NXP and General Motors on the project.

1 week ago | thenationalnews.com | Kyle Fitzgerald

Federal Reserve Chairman Jerome Powell met President Donald Trump at the White House on Thursday, the US central bank said in a statement. The Fed said the meeting occurred at Mr Trump's invitation and that Mr Powell did not discuss his expectations on interest rates, “except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook”.

1 week ago | thenationalnews.com | Kyle Fitzgerald

Nvidia on Wednesday forecast strong growth for the second quarter of the 2026 fiscal year, despite a loss in revenue due to export controls on its H20 AI chips to China. Nvidia expects revenue of $45 billion in the second quarter, plus or minus 2 per cent. That comes after taking an $8 billion hit due to export control limits related to the H20 chip. Nvidia beat first-quarter estimates, reporting revenue of $44.1 billion, up 69 per cent from a year ago.