Saudi Arabia has shut down half of its oil production after drones attacked the world's largest oil processing facility in the kingdom.Marketsread more
Yemen's Houthi rebels have claimed responsibility for the attacks, which created a huge fire at a processor essential to global energy supplies.Politicsread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Trailers have become a cult phenomenon. Even short teasers that reveal little about the plot of the upcoming film are headline-worthy. Blogs and forums have become devoted...Entertainmentread more
Thanks to the performance of Beyond Meat, investors who focus on venture-backed tech IPOs have done well this year despite some notable disappointments.Technologyread more
Software company Intuit, maker of tax helper TurboTax, is in its eleventh year of stock gains and up 36% this year.Investingread more
CNBC did a deep dive through the most recent Wall Street research to find stocks with upside potential.Marketsread more
The abrupt about-face came within hours after the New York Times began inquiring about Krzanich's support of the Republican Party's presumptive presidential nominee.
More from Recode:
Silicon Valley Republicans ask: What if there were a third-party candidate?
Intel to cut 11 percent of workforce, take $1.2 billion charge amid weaker 2016 outlook
Donald Trump thinks he can call Bill Gates to 'close up' the internet
Trump has been a frequent critic of immigrants — especially those who come to the country without documentation. Erecting a wall along the Mexican border is a centerpiece of his immigration policy.
He also has, shall we say, a challenging history with regard to women.
The billionaire's views have made him unpopular in many corners of Silicon Valley, where one study found that immigrants have been behind more than half of the current crop of U.S.-based startups valued at $1 billion or more.
Krzanich's support of Trump could be seen as detracting from Intel's position at the forefront of the movement for increasing diversity in the tech industry.
Last year, the company committed $300 million to boost diversity in tech using a range of techniques including efforts to increase mentorship within its company as well as to get more girls and people of color interested in tech at a younger age.
It will be particularly interesting to see how this development, the cancellation notwithstanding, plays with Intel's workforce. Sources contacted by Recode suggest there is dismay within the corporate ranks over Krzanich's apparent naivete around the implications of hosting such an event.
Neither Intel nor a spokesperson for the Trump campaign responded to requests for comment. The company has apparently not communicated internally about the issue either.
—By Dawn Chmielewski and Ina Fried, Recode.net.
CNBC's parent NBCUniversal is an investor in Recode's parent Vox, and the companies have a content-sharing arrangement.