Business hiring is a good indicator of a soft landing in the economy. The Federal Reserve wants to see the economy cool in certain areas to combat inflation. Freight railroads, for instance, are seeing shipping volumes decline. Construction companies are cutting equipment purchases. Customers of a vending machine company are negotiating lower prices. The key to a slowdown …
The U.S. strategy for a soft landing of its economy Read More »
The Federal Reserve is pushing interest rates up to two-decade levels despite faster economic expansion in the spring. Gross Domestic Product increased at an annual rate of 2.4%, adjusted for inflation and season, according to the Commerce Department’s report on Thursday. This was higher than the economists’ expectations and above the 2% annual growth rate in the first quarter of the …
U.S. Economic Growth Accelerates – Defying Expectations of a Slowdown Read More »
The U.S. saw its inflation reach a 40-year high last year, thanks to soaring oil prices. This trend had been expected to reverse by 2023. The benchmark crude oil price has risen by more than 18% in the last month. This is driving up the costs of American workers’ commutes and freight haulers’ trips between warehouses, as well as the …
The Fed and drivers are both unhappy about rising oil prices Read More »
The investigation into the former president seemed to have ended a year ago. This week’s indictment was made possible by a series crucial turning points. This week one year ago, the Manhattan district attorneys investigation into Donald J. Trump seemed dead in the water. After Alvin L. Bragg became the district attorney and decided not to …
Alvin Bragg revived a strong case against Donald Trump Read More »
Delaware judge gave Musk until October 28th to close the deal. Although the trial was scheduled to begin in less than a week it could still take place in November. The surprise return of Elon Musk to the bargaining table at Twitter this week might have been just the beginning of the long-running struggle for …
Judge grants Elon Musk’s request to delay his trial with Twitter Read More »
The industrial policy debate is back in Washington and a massive semiconductor and science bill grants the government new authority over a strategically important industry. WASHINGTON Amid an escalating shortage of semiconductors and while lawmakers debated the need to increase U.S.-based manufacturing of chips, Intel went to the Biden administration with a plan that some …
Congress Is Giving Billions to the Chip Industry. The strings Are Attached. Read More »
The Commerce Department issued guidelines for companies that are seeking federal funds aimed at strengthening the industry of semiconductors in the US. WASHINGTON – The Department of Commerce on Tuesday revealed its plan to distribute $50 billion to build the U.S. semiconductor industry and fight China in what is likely to be the largest U.S. …
Biden Administration Releases Plan for $50 Billion Investment in Chips Read More »
These new regulations could prove to be the most expansive decision taken in the Biden administration to block Chinese access to American technology that powers data centers as well as supercomputers. It is expected that the Biden administration is scheduled to announce new rules to block Chinese businesses from having access to the technologies that …
U.S. is planning to limit the influence of Chinese A.I. supercomputing companies Read More »
While Congress was debating how and when to help American chipmakers as well as research into other technologies, China was surging ahead. In the months prior to when the House and Senate concluded 13 months of debate and approved the $ 280 billion CHIPS and Science Act, China’s largest, state-owned chip maker jumped a significant …
Chine is overtaking the U.S. in key technologies Read More »
It was the West Virginia Democrat who said he has resisted and was willing to sign up for the climate, energy, and tax package following a return to the table to discuss an option to combat inflation. WASHINGTON – Senate Chuck Schumer, the majority leader, and Senator Joe Manchin III, Democrat from West Virginia, were …
Fierce battle to reset Tax Deals for climate and environmental conservation Read More »
