Semiconductors are ‘the new oil.’ That has major implications for business
Just as oil influenced momentous events of the 20th century, semiconductors are playing the same role.
Just as oil influenced momentous events of the 20th century, semiconductors are playing the same role.
The Democratic presidential nominee laid out plans including a proposal for a federal ban on what she called price gouging on groceries, as well as $25,000 in down payment help for certain first-time homebuyers and tax incentives for builders of starter homes. ... And you know, economists have done the math.
"You don't want to tighten any longer than you have to," Goolsbee told National Public Radio in an interview. Goolsbee declined to say whether he would press for an interest rate cut at the Fed's coming meeting on Sept. 17-18. The Fed has held its policy rate in the current range of 5.25% to 5.50% since July 2023 after raising to that level at a breakneck pace over the prior 16 months to combat the worst outbreak of inflation since the 1980s.
Joachim Klement of Panmure Liberum warns inflation could surge 1.2 percentage points in the first year after Trump’s tariff policies begin.
A federal judge has struck down Missouri investment regulations that Republican Secretary of State Jay Ashcroft had touted as way to expose financial institutions that “put woke politics ahead of investment returns.” The Missouri regulations, issued by Ashcroft's office, infringed on the free speech rights of investment professionals and are preempted by federal law, the court ruling said. The regulations "would have placed an unnecessary burden on investment firms – small and large – doing business here in Missouri,” said Kara Corches, interim president and CEO of the Missouri Chamber of Commerce and Industry.
(Bloomberg) -- How soon do they start, how fast do they go and where do they end?Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race Using Only Public TransitFederal Reserve officials are largely in agreement it’s almost time to lower interest rates. Investors are on
What to look out for regarding Nvidia's Q2 earnings result on 28 August 2024.
The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 67.8 this month, compared to a final reading of 66.4 in July. The survey noted that for consumers surveyed, sentiment for Democrats jumped 6% in the wake of Vice President Kamala Harris replacing President Joe Biden as the Democratic nominee for president. The survey showed 41% of consumers viewed Harris as the better candidate for the economy, while 38% chose Republican nominee Donald Trump.
(Bloomberg) -- Brazil’s economy grew much more than expected in June as central bankers warn that stronger demand and above-target inflation could force them to hike interest rates again. Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race Using Only Public TransitTh
