via Washingtonpost: Passed last year with bipartisan support, the law was meant to revive US chipmaking capacity. Although America is a world leader in cutting-edge chip design, its share of global semiconductor manufacturing has declined from 37% in 1990 to …
by confoundedinterest17 While waiting on the February jobs report from the US Bureau of Labor Statistics (BLS), I noticed that the big 4 banks (Bank of America, JPMorgan Chase, Citi and Wells Fargo) are drowning in net realized losses as …
by Michael We are careening directly into an abyss of war, pain and misery, and our leaders are thunderously applauding as it happens. Ukrainian President Volodymyr Zelenskyy came to Washington this week because he wanted more money, and our politicians …
Guest post by Leo Hohmann from his blog: The Central Bank of Nigeria announced it will begin, effective in January, restricting cash withdrawals from banks and ATMs to just $45 per day as part of a push to move the …
(Bloomberg) — It’s been eight months since Russia invaded Ukraine, sending global commodity prices soaring and forcing energy-ravenous countries into a mad competitive dash to secure new fuel sources ahead of winter. While the US filled some of the supply …
Via Birch Gold Group From Peter Reagan at Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Goldman Sachs raises year-end gold forecast to $2,500; why gold …
by BoatSurfer600 F1’s budget cap has been increased as a result of the inflation crisis affecting the global financial system. Teams will be permitted to spend 3.1% more than previously – this year’s cost cap figure had been set at …
Two distressing facts to remember about President Biden’s new 10-year budget proposal. First, his proposed spending spree would bring the largest federal debt in American history. Second, this budget does not even include additional spending and debt proposals that are …
by Kevin Muir of The Macro Tourist I don’t know about you, but I’m worried. The economic cycle is long in the tooth. Equity valuations are stretched. The yield curve is flattening. Emerging markets and other liquidity-sensitive markets are sagging. The Federal Reserve …