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US planning to exclude sector-specific tariffs on April 2, Bloomberg News, WSJ report

(Reuters) – U.S. President Donald Trump’s administration is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2, Bloomberg News and the Wall Street Journal reported, citing officials. Trump said in February that he intended to impose auto tariffs “in the neighborhood of 25%” and similar duties on semiconductors and…

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Intel stock posts biggest five-day gain in history amid report of potential breakup

Intel stock posts biggest five-day gain in history amid report of potential breakup

Intel (INTC) stock jumped 16% Tuesday following a report that its rivals Broadcom (AVGO) and TSMC (TSM) are exploring potential deals with the chipmaker that would split it into two. The Wall Street Journal reported late Saturday that Broadcom (AVGO) is considering making a bid for Intel’s product business, which designs semiconductors for computers and…

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