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.
Tag: U.S. economy
Post
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.
Post
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.
Post
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.
Post
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.
Post
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.
Post
SPOTLIGHT: BIGS GETTING BIGGER
The Blackstone private equity firm has gobbled down a majority interest in the Jersey Mike’s sub sandwich chain.
Post
TRUMP PICKS BESSENT AS TREASURY CHIEF
Billionaire hedge fund manager Scott Bessent, founder of Key Square Capital Management, is Donald Trump’s choice to become U.S. treasury secretary and to lead implementation of his controversial economic agenda.
Post
THE DEFINITION OF SUCCESS: $5.3 MILLION, AMERICANS SAY
To be considered financially successful, a person needs an annual salary of $270,000 or else a net worth of $5.3 million, according to the majority of the 2,203 people in a new survey by Empower, a financial services company.
Post
OCTOBER HOME SALES JUMPED AS INTEREST RATES FELL
In October, sales of existing homes climbed 3.4 percent from September, the National Association of Realtors (NAR) reported. Sales were up 2.9 percent year on year.