President Donald Trump announced that his administration will be conducting a "major tariff investigation on furniture," completed within 50 days. After that, Trump vows an undetermined tariff rate will be implemented on furniture coming into America.

Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.

Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.

U.S. President Donald Trump is injecting nearly $9 billion into Intel in exchange for a 9.9% equity stake. But the money - which the struggling chipmaker was slated to receive anyway under a federal funding act - will not be enough for its contract-chipmaking business to flourish,