March 3, 2023
“The average rate on the 30-year fixed mortgage jumped back over 7% on Thursday, rising to 7.1%, according to Mortgage News Daily. Growing fears that inflation is not cooling off are pushing bond yields higher. Mortgage rates loosely follow the yield on the U.S.… Continue Reading…
March 3, 2023
“Grocery costs increased dramatically over the last year, but nothing beats the price of eggs, which have grown by 70.1%, according to the latest data from the Bureau of Labor Statistics… To offset inflation, the deli has added a 50-cent surcharge… Continue Reading…
February 28, 2023
“Apple Inc.’s Chinese suppliers are likely to move capacity out of the country far faster than many observers anticipate to pre-empt fallout from escalating Beijing-Washington tensions, according to one of the US company’s most important partners… AirPods maker GoerTek Inc.… Continue Reading…
February 24, 2023
“The U.S. will use funds from the $52 billion CHIPS and Science Act to create at least two large-scale logic fabs for the manufacture of semiconductors, along with multiple high-volume advanced packaging facilities, by 2030, Commerce Secretary Gina Raimondo announced… Continue Reading…
February 23, 2023
“EDITOR’S NOTE: The prospect of inflation is looming large in the minds of investors and economists around the world. With prices of goods and services on the rise this year, many are wondering if we are on the cusp of… Continue Reading…
February 22, 2023
“…Building new transmission lines in the United States is like herding cats. Unless that process can be fundamentally improved, the nation will have a hard time meeting its climate goals. The transmission system in the U.S. is old, doesn’t go… Continue Reading…
February 20, 2023
“The U.S. officially hit its $31.4 trillion debt ceiling on Jan. 19 — launching a ticking time bomb toward a potentially “calamitous” debt default. Unable to break the political deadlock in Congress, the Treasury will now take “extraordinary measures” to… Continue Reading…
February 17, 2023
“…Prices continued their upward momentum in January, rising 0.5% for the month and 6.4% over the past 12 months, according to the latest consumer price index data released by the U.S. Bureau of Labor Statistics. To make ends meet, 27% of Americans said… Continue Reading…
February 17, 2023
“Car insurance costs are on the rise in 2023. According to personal finance website ValuePenguin, insurance rates across the US are expected to rise by 8.4%, bringing the total average premium for full coverage to $1,780 per year. Pricier cars… Continue Reading…
February 13, 2023
“The U.K.’s semiconductor industry is crying out for financial support from the government, with insiders warning the country risks losing its microchip firms to the U.S. and other countries if it doesn’t act soon… Pragmatic Semiconductor, a Cambridge, England-based startup… Continue Reading…
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