Intel, the U.S.’s iconic, now struggling, chipmaker, has been allotted $7.87 billion from the federal CHIPS and Science Act to build new semiconductor factories in the U.S.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Dec 3 2024
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TRUMP’S DEPORTATION PLANS RISK WORKER SHORTAGE
Donald Trump’s announced plans to close the U.S. borders and deport “millions” of immigrants could deprive the economy of between 25,000 and 100,000 new jobs in 2025, analysts have estimated.
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U.S. INFLATION INCHES UP IN OCTOBER
The Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s favorite measure of inflation, edged up to an annual rate of 2.3 percent in October from 2.1 percent the month before, according to the Commerce Department.
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U.S. GDP GREW 2.8 PERCENT IN OCTOBER
The U.S. economy expanded by 2.8 percent in July through September as consumer spending remained strong and exports surged, the Commerce Department said.
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ECONOMIC UPDATE – MARKET OVERVIEW
On the economic front, it is more of the same, but just a different day. The U.S. equities keep riding high following the re-election of Donald Trump who will take over the White House on Monday, 20 January 2025.
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STOCK TRADERS SHRUG OFF TRUMP’S TARIFF THREATS
Equity markets seem to be taking Donald Trump’s threats of expansive new global tariffs in stride.