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US plans $75 million grant to Absolics for advanced chip packaging

aol.com The US Commerce Department said on Thursday it plans to grant $75 million to Absolics for constructing a 120,000-square-foot facility in Georgia that will supply advanced…

Microsoft Says UAE Deal Could See Transfer of US Chips, AI Tech

asiafinancial.com A top Microsoft executive has said the company’s high-profile deal with G42, a firm backed by the United Arab Emirates, could eventually involve the transfer of…

3 Blue-Chip Stocks to Buy on the Dip: May 2024

investorplace.com Buy these discounted stocks to increase your portfolio's value Despite a recent slowdown, the future of the U.S. economy appears promising. Economists remain optimistic,…

Target is cutting prices on up to 5,000 items to lure back inflation-weary shoppers

wtop.com Prices have dropped effective Monday, with “thousands more price cuts” — amounting to 5,000 items — being reduced over the summer, the retailer announced. The lower prices…

Bipartisan bill for blockchain competitiveness passes US House

cointelegraph.com The Deploying American Blockchains Act of 2023 gives the Commerce Department a role in advancing blockchain technology.

Target is cutting prices on up to 5,000 items to lure back inflation-wary shoppers

finance.yahoo.com Target has slashed prices on more than 1,500 popular items beginning immediately, ranging from butter to laundry detergent, as the retailer attempts to attract…

The coming Supreme Court decisions that could ripple across the business world

aol.com The Supreme Court is weighing new boundaries for corporate America as its term ends in the coming weeks. Justices for the highest US court have already rejected an appeal…

The Myth That Immigrants Drive Wages Down Is Petering Out

msnbc.com An increasing number of Americans are becoming concerned about immigration. As am I. And I am an immigrant. But my concern isn’t tied to the specter of hordes of criminals…

Big Nvidia results, decent housing reports will boost markets

thestreet.com Normally, you get into this time of May and the big crush of earnings reports ease off, giving investors a breather in time for the Memorial Day Holiday. Not this year. This…

Some consumers are punting big purchases like pools and mattresses

aol.com Americans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates bite. Corporate executives this…

Credit card companies see big opportunity in small business spending

marketplace.org Over the last couple weeks, the government has released several reports suggesting that the economy is moderating. This week, the Commerce Department said retail sales were…

Grant's Take: Retail Sales Don't Point to Rate Cut Just Yet

wsj.com Walmart earnings give a different signal than what the latest Commerce Department data delivered.

Congress must move to stop Beijing from making US rely on Chinese firms

nypost.com The United States is determined to thwart Beijing’s efforts to secure victory around the world in three key areas: military, intelligence and diplomatic. Yet the greatest…

Housing has a problem bigger than interest rates

thestreet.com The U.S. housing market remains perhaps the weakest link in the economy's surprise success story, as high mortgage rates and a dearth of new construction shut out new buyers…

Retail Sales Fall Flat, Are Consumers About to Throw in the Towel?

mishtalk.com Caution. Every time I suggested consumers may throw in the towel, it didn’t happen. Counter caution, real (inflation-adjusted) spending is negative year-over year for 12 out…

Florida sees largest surge in unemployment

newsweek.com Florida saw the highest number of new unemployment claims of any state last week, according to data from the U.S. Labor Department. For the week ending May 11, Florida saw…

Housing starts rebound in April as U.S. continues to grapple with inventory shortage

marketwatch.com Construction on new U.S. homes rose 5.7% in April, the Commerce Department said Thursday.

U.S. Housing Starts Ticked Higher in April

barrons.com U.S. housing starts recovered last month, offering a ray of hope for the home-building sector. Here are the main takeaways from the Commerce Department's report released…

Stock Market Today: Stocks extend record run on renewed Fed rate cut bets

thestreet.com Check back for updates throughout the trading day U.S. equity futures nudged higher Thursday as investors looked to extend a springtime rally that has lifted all three major…

The backbone of America’s economy was just dealt a serious blow

cnn.com US consumers could be reaching their breaking point. After dealing with elevated inflation and the highest interest rates in decades, they’re starting to rein in their…

In the first high-level AI talks in Geneva, the US raised concerns about China's “misuse of AI” while China chided the US over “restrictions and pressure” on AI

apnews.com U.S. officials raised concerns about China’s “misuse of AI” while Beijing’s representatives rebuked Washington over “restrictions and pressure” on artificial intelligence,…

A better-than-expected CPI report cheers investors

thestreet.com All week long, Wall Street was looking for, searching for, maybe even praying for a decent inflation report. Traders' prayers were mostly answered. Yes, many inflation…

Top analyst updates S&P 500 price target after April inflation surprise

thestreet.com U.S. stocks hit a fresh all-time high on May 15, powered in part by a softer-than-expected April inflation report that has reignited bets on a fall Federal Reserve rate cut…

In first AI dialogue, U.S. cites 'misuse' of AI by China, Beijing protests Washington's restrictions

pbs.org U.S. officials raised concerns about China’s “misuse of AI” while Beijing’s representatives rebuked Washington over “restrictions and pressure” on artificial intelligence,…

Eggs, milk and other grocery prices fall, as overall inflation eases

npr.org Eggs, milk and other grocery prices fall, as overall inflation eases Inflation slowed last month, offering a note of relief to cash-strapped shoppers after three months of…

The Fed's Preferred Inflation Gauge Likely Cooled in April

wsj.com Core inflation—as measured by the personal-consumption-expenditures price index, which will be released later this month by the Commerce Department—is likely to have…

Stocks Higher After CPI Inflation Report

investors.com The Dow Jones Industrial Average and other major indexes rose Wednesday, as investors reacted to a mild inflation report that offers further guidance on interest rates.…

Traders bet on a rocky Fed day

dlnews.com Bitcoin has tumbled below the $60,000 mark, but Federal Reserve-driven jitters could push it as low as $53,000. The Federal Open Market Committee is set to convene for its…

Retail sales flat in April, falling short of Wall Street's expectations

finance.yahoo.com The US consumer showed signs of slowing in April. Retail sales were flat in the month, according to data from the Commerce Department, furthering concerns about the state of…

Retail sales disappoint in April, unchanged from previous month

fortune.com Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. The number, which came in…

Futures Waver Ahead Of CPI Inflation Report

investors.com Futures for the Dow Jones Industrial Average and other major indexes rose Wednesday, as investors reacted to a mild inflation report that offers further guidance on interest…

Retail sales were unchanged in April from March as inflation and interest rates curb spending

aol.com Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. The number following a…

Fed gets inflation relief as CPI slows, teeing up September rate cut

thestreet.com U.S. inflation pressures eased across the board last month, following on from a hotter-than-expected producer prices report, suggesting the Federal Reserve's months-long…

Inflation cooled in April as price gains slowed, CPI report says

axios.com The Consumer Price Index (CPI) rose 0.3% in April and the core measure that strips out food and energy increased by the same amount, the Labor Department said on Wednesday.…

Retail sales flat in April

marketwatch.com Retail sales were unchanged in April, the Commerce Department said Wednesday. Sales at gasoline stations offset weakness in autos and several other categories.

Stock Market Today: Stocks mixed as inflation data looms, GameStop higher

thestreet.com Check back for updates throughout the trading day U.S. equity futures were mixed in early Wednesday trading, while Treasury yields and the dollar slipped lower, as investors…

Stocks on inflation watch as bulls emerge and S&P 500 tests record

thestreet.com Global investors remain bullish on U.S. stocks heading into the summer months, according to two benchmark surveys published on May 14, even as inflation readings suggest a…

US plans to impose major new tariffs on EVs, other Chinese green energy imports, AP sources say

abcnews.go.com The Biden administration is planning to announce new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China US plans to…

Crypto Faces 2 Crucial Weeks In US Congress: What You Need to Know

bitcoinist.com The next two weeks could be decisive for the crypto industry as it faces significant legislative developments in the US Congress. These developments may potentially reshape…

Stock Market Today: Stocks higher with inflation on deck; GameStop roars

thestreet.com Check back for updates throughout the trading day U.S. equity futures edge higher in early Tuesday trading, while the dollar held steady against its global peers, as…

US and China to hold talks on AI risks and safety

euronews.com Governments view AI as crucial for national security and economic growth. High-level envoys from the US and China are set to discuss the risks and safety of artificial…

Local company receives funds to expand semiconductor facility

kare11.com With money from federal and state funds, Polar Semiconductor plans to expand its facility and add local jobs. Example video title will go here for this video Example video…

This Week: Producer prices, inflation check, April retail sales

abcnews.go.com The Labor Department releases producer price data for April on Tuesday, and its April report on consumer prices on Wednesday The Labor Department releases producer price…

U.S. Awards $120 Million to Polar Semiconductor to Expand Chip Facility

nytimes.com Federal officials will provide up to $120 million in grants to Polar Semiconductor to help the company expand its chip manufacturing facility in Minnesota, the Biden…

Stock Market Today: Stocks higher with inflation in focus: GameStop soars

thestreet.com Check back for updates throughout the trading day U.S. equity futures moved higher again Monday, while Treasury yields and the dollar held steady, as investors looked to a…

Stocks defy 'Sell in May' with spring rally, but summer gains may be tough

thestreet.com U.S. stocks this month are defying the historic call to 'sell in May and go away' with the Dow posting its longest win streak since December and the S&P 500 reversing nearly…

Arizona's economy is booming. But Biden struggles to reap benefits from voters

latimes.com Aaron McDonald thinks back to when he came to Maricopa County nearly 20 years ago as a young ironworker hoping to get work building a new football stadium. Driving in from…

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