Key pay and inflation gauges have stayed stubbornly high as Federal Reserve officials consider when to stop raising interest rates.
Category: Commerce Department
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Wages and Prices Could Show a Cool-Down Before a Fed Meeting
Key wage and inflation gauges released on Friday are expected to moderate, which may give Federal Reserve officials comfort as they consider when to stop raising rates.
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Commerce Dept. Outlines Its Bid to Fund Cutting-Edge Chip Research
The Biden administration announced its strategy for the National Semiconductor Technology Center, a string of facilities aimed at propelling U.S. innovation.
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Biden’s Semiconductor Plan Bets on Federal Aid to Change Corporate Behavior
The New York Times – Business:The administration says the conditions it has attached to $40 billion in new subsidies will help U.S. semiconductor makers compete globally. Some economists disagree.
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What is in the CHIPS Act, Aimed at Childcare Expansion and National Security
The New York Times – Business:A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well
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The CHIPS Act Is About More Than Chips: Here’s What’s in It
The New York Times – Business:A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well
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How Biden Is Seeking to Reshape Business via the CHIPS Act
The New York Times – Business:Big strings are attached to funding for chip makers, meant to bolster Democratic priorities including child care for workers and discouragement of stock buybacks.
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Biden Administration to Impose Financial Restrictions for Chip Makers
The New York Times – Business:Guidelines to be released Tuesday will include firm financial requirements to try to ensure that chip makers don’t waste federal money.
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Chip Makers Turn Cutthroat in Fight for Share of Federal Money
The New York Times – Business:Semiconductor companies, which united to get the CHIPS Act approved, have set off a lobbying frenzy as they argue for more cash than their competitors.
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How Arizona Is Positioning Itself for $52 Billion to the Chips Industry
The New York Times – Business:The state has become a hub for chip makers including Intel and TSMC, as the government prepares to release a gusher of funds for the strategic industry.