{"id":51004,"date":"2025-07-25T13:38:45","date_gmt":"2025-07-25T17:38:45","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/market-movers-intel-spin-off-national-debt-crowdfunding-and-rig-count-shifts\/51004\/"},"modified":"2025-07-25T13:38:45","modified_gmt":"2025-07-25T17:38:45","slug":"market-movers-intel-spin-off-national-debt-crowdfunding-and-rig-count-shifts","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-movers-intel-spin-off-national-debt-crowdfunding-and-rig-count-shifts\/51004\/","title":{"rendered":"Market Movers: Intel Spin-Off, National Debt Crowdfunding, and Rig Count Shifts"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Intel<\/strong> (<a href=\"\/stock\/INTC\">INTC<\/a>) is reportedly seeking outside investors as it moves to spin off its <strong>Network and Edge Group (NEX)<\/strong> into a new, independent company, aiming to sharpen its focus on core businesses.<\/li>\n<li>The <strong>U.S. Treasury<\/strong> has begun accepting payments via <strong>Venmo<\/strong> and <strong>PayPal<\/strong> for voluntary contributions toward the <strong>$36.7 trillion<\/strong> national debt, a move aimed at modernizing public finance.<\/li>\n<li>The <strong>National Highway Traffic Safety Administration (NHTSA)<\/strong> has closed its <strong>14-month investigation<\/strong> into <strong>Alphabet&#39;s<\/strong> (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) <strong>Waymo<\/strong> self-driving vehicles following reports of collisions and unexpected behavior, without taking further action.<\/li>\n<li>The <strong>U.S. oil rig count<\/strong> decreased by <strong>7<\/strong> to <strong>415<\/strong>, contributing to a <strong>total U.S. rig count<\/strong> of <strong>542<\/strong>, according to Baker Hughes data.<\/li>\n<li>The <strong>Federal Reserve<\/strong> saw <strong>24 counterparties<\/strong> take <strong>$150.509 billion<\/strong> at its latest reverse repo operation, indicating ongoing liquidity management in the financial system.<\/li>\n<\/ul>\n<p>In corporate news, semiconductor giant <strong>Intel<\/strong> (<a href=\"\/stock\/INTC\">INTC<\/a>) is reportedly initiating a spin-off of its <strong>Network and Edge Group (NEX)<\/strong>, with plans to establish it as a standalone entity. The company is actively looking for strategic investors for this new venture, although Intel intends to remain an anchor investor. This strategic realignment is part of CEO Lip-Bu Tan&#39;s broader effort to concentrate on Intel&#39;s core strengths in <strong>PC and data center chips<\/strong>.<\/p>\n<p>Meanwhile, the <strong>U.S. Treasury<\/strong> has introduced a novel approach to public finance, now accepting voluntary contributions towards the national debt through popular digital payment platforms like <strong>Venmo<\/strong> and <strong>PayPal<\/strong>. Citizens can make these &quot;gifts to reduce the public debt&quot; via the Pay.gov portal. Despite the national debt currently standing at a staggering <strong>$36.7 trillion<\/strong>, voluntary donations have historically been modest, totaling just <strong>$180,310.32<\/strong> in fiscal year 2022. <em>Some calculations suggest that each U.S. citizen would need to contribute approximately <strong>$77,000<\/strong> to pay off the current national debt<\/em>.<\/p>\n<p>In the autonomous vehicle sector, <strong>Alphabet&#39;s<\/strong> (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) self-driving unit <strong>Waymo<\/strong> received a significant update as the <strong>National Highway Traffic Safety Administration (NHTSA)<\/strong> closed its <strong>14-month investigation<\/strong>. The probe, which began in May 2024 following <strong>22 reports<\/strong> of Waymo robotaxis exhibiting unexpected behavior and <strong>17 collisions<\/strong>, concluded without further action, citing two recalls issued by Waymo and the agency&#39;s data analysis.<\/p>\n<p>Energy markets saw a slight contraction in drilling activity, with the latest Baker Hughes data indicating a decrease in the <strong>U.S. oil rig count<\/strong> by <strong>7<\/strong> to <strong>415<\/strong>. The <strong>total U.S. rig count<\/strong> also fell by <strong>2<\/strong> from the previous week, settling at <strong>542<\/strong>. Conversely, the number of <strong>gas rigs<\/strong> saw a modest increase of <strong>5<\/strong> to reach <strong>122<\/strong>.<\/p>\n<p>In global financial operations, the <strong>Federal Reserve<\/strong> reported that <strong>24 counterparties<\/strong> participated in its reverse repurchase agreement (repo) operation, taking <strong>$150.509 billion<\/strong>. This daily operation is a key tool used by the Fed to manage liquidity within the banking system and influence the federal funds market.<\/p>\n<p>Geopolitical discussions also continued, with the <strong>Qatar Foreign Ministry<\/strong> announcing that its Prime Minister and Foreign Minister discussed the latest developments in the <strong>Iranian nuclear file negotiations<\/strong> and the situation in <strong>Gaza<\/strong> and the occupied territories during a call with <strong>Iran&#39;s Foreign Minister<\/strong>. Qatar reiterated its commitment to diplomatic efforts to foster dialogue and consolidate regional security. <em>These discussions follow recent &quot;frank and detailed&quot; nuclear talks between Iran and the E3 bloc (Germany, France, and Britain)<\/em>. Separately, it was reported that <strong>President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a><\/strong> is expected to release a list of <strong>Jeffrey Epstein associates<\/strong>, according to Fox News. However, the <strong>Department of Justice (DOJ)<\/strong> previously issued a memo on July 7, 2025, stating there was no &quot;incriminating client list&quot; and no credible evidence of blackmail by Epstein.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Intel (INTC) is reportedly seeking outside investors as it moves to spin off its Network and Edge Group 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