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CNBC’s Jim Cramer argued that President Donald Trump’s deal with semiconductor giants Nvidia and AMD isn’t necessarily unprecedented.”There’s nothing novel at all about taking a 15% cut. It’s not like Trump’s collecting this money personally…that 15% goes straight to the Treasury,” he said. “To take a 15% cut on their Chinese sales is basically just another form of tariff, and we’ve gotten a ton of those lately, so why not this?”The White House confirmed Monday that Nvidia and AMD agreed to give the U.S. government 15% of their revenue from sales to China. In return, the companies will receive licenses…

The top stories and transfer rumours from Tuesday’s newspapers…THE SUN Brighton have reportedly rejected Manchester United’s opening bid for Carlos Baleba – which included a player as part of the deal.Man Utd and Chelsea are reportedly considering moves for Gianluigi Donnarumma after he was not included in Paris Saint-Germain’s 22-player squad for the UEFA Super Cup. Please use Chrome browser for a more accessible video player Sky Sports’ Danyal Khan and former Premier League striker Jay Bothroyd discuss Manchester United’s interest in PSG’s Gianluigi Donnarumma and how the Italian goalkeeper could strengthen the Red Devils. England legend John Barnes is…

Stock Chart IconStock chart iconEli Lilly’s year-to-date stock performance.Eli Lilly: “Down here, I begin to think that we are too negative on it. But I am very upset with Lilly and the way they handled this, and I think they should come back on and talk to me.”Stock Chart IconStock chart iconAffirm’s year-to-date stock performance.Affirm: “It’s at $72, it’s going to $100…Get on board, Affirm.”Stock Chart IconStock chart iconBanco Bradesco’s year-to-date stock performance.Banco Bradesco: “I don’t want to be connected with Brazil. It’s had a big run…If you want an overseas bank, I think you should be in Santander.”Stock Chart…

Dr. E.J. Antoni, nominee for the Commissioner of the Bureau of Labor Statistics stands next to Donald Trump in the Oval Office.Courtesy: Donald J. Trump via Truth SocialPresident Donald Trump said Monday that he will nominate the economist E. J. Antoni as commissioner of the Bureau of Labor Statistics.Antoni would replace Erika McEntarfer, who Trump fired as BLS commissioner on Aug. 1, after accusing her of manipulating jobs report data.McEntarfer was terminated hours after her agency reported reported slower than expected nonfarm job payroll growth in July, and after sharply revising downward previously reported June and May job gains.Antoni is…

Traders work on the floor of the New York Stock Exchange at the opening bell on April 9, 2025.Timothy A. Clary | Afp | Getty ImagesStock futures rose early Tuesday as investors breathed a sigh of relief over a tamer-than-expected inflation report.Futures tied to the Dow Jones Industrial Average added 278 points, or 0.6%. Nasdaq 100 futures rose 0.8%, and S&P 500 futures traded 0.6% higher.Tuesday’s fresh inflation data release reassured investors, who have feared that President Donald Trump’s broad tariff policies could spike prices in the U.S. economy.The consumer price index rose 2.7% on an annualized basis in July,…

Intel CEO Lip-Bu Tan makes a speech on stage in Taipei, Taiwan May 19, 2025. Ann Wang | ReutersPresident Donald Trump said Monday that he and members of his cabinet met with Intel CEO Lip-Bu Tan, days after he called on the head of the chipmaker to resign. Intel shares rose 2% in extended trading.”I met with Mr. Lip-Bu Tan, of Intel, along with Secretary of Commerce, Howard Lutnick, and Secretary of the Treasury, Scott Bessent,” Trump wrote in a post on Truth Social. “The meeting was a very interesting one. His success and rise is an amazing story. Mr.…

LAS VEGAS (AP) — A Nevada court apparently cleared the way Monday for a 2021 lawsuit filed by former Las Vegas Raiders coach Jon Gruden to proceed against the NFL and Commissioner Roger Goodell, alleging that a “malicious and orchestrated campaign” was used to destroy Gruden’s career by leaking old emails he had sent that included racist, misogynistic and homophobic comments.In 2022, the NFL appealed to Nevada’s high court after a judge in Las Vegas rejected league bids to dismiss Gruden’s claim outright or to order out-of-court talks through an arbitration process that could be overseen by Goodell.The Nevada Supreme…

WASHINGTON (AP) — U.S. lawmakers from both parties are urging the Trump administration to maintain a three-way security partnership designed to supply Australia with nuclear-powered submarines — a plea that comes as the Pentagon reviews the agreement and considers the questions it has raised about the American industrial infrastructure’s shipbuilding capabilities.Two weeks ago, the Defense Department announced it would review AUKUS, the 4-year-old pact signed by the Biden administration with Australia and the United Kingdom. The announcement means the Republican administration is looking closely at a partnership that many believe is critical to the U.S. strategy to push back China’s…

Signage is displayed outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S.Andrew Harrer | Bloomberg | Getty ImagesSinclair, one of the largest broadcast station owners in the U.S., is launching a strategic review of its broadcast business that could result in a merger, the company said Monday.The company and its advisors have already held deep discussions with potential merger partners, according to people close to the matter who could not speak publicly due to the sensitive nature of the talks. Still, it’s too early to determine a valuation for a potential deal, they added.At the same time, Sinclair…

From front-page news to powerful moments you may have missed, this gallery showcases today’s top photos chosen by Associated Press photo editors. President Donald Trump speaks with reporters in the James Brady Press Briefing Room at the White House, Monday, Aug. 11, 2025, in Washington. (AP Photo/Alex Brandon) President Donald Trump speaks with reporters in the James Brady Press Briefing Room at the White House, Monday, Aug. 11, 2025, in Washington. (AP Photo/Alex Brandon)Read More Palestinians pray over the bodies of journalists, including Al Jazeera correspondents Anas al-Sharif and Mohamed Qreiqeh, who were killed in an Israeli airstrike, during their…