Economy

U.S. Government Acquires 9.9% Stake in Intel for $8.9 Billion

The U.S. buys 9.9% stake in Intel to boost domestic chipmaking, sparking debates on government industry involvement.

#intel, #semiconductors, #usgovernment, #chipsact, #investment

Treasury Secretary Emphasizes AI's Economic Impact and Calls for Fed Action

Scott Bessent highlights AI's transformative potential on the U.S. economy, urging the Fed to consider its impact in policy decisions.

#ai, #economy, #federalreserve, #scottbessent

U.S. Government Acquires 9.9% Stake in Intel, Signaling Shift Toward State Capitalism

The U.S. invests $8.9 billion in Intel, marking a shift toward state capitalism and sparking debate on free-market dynamics.

#usgovernment, #intel, #statecapitalism, #economy, #semiconductors

Powell Hints at Possible Rate Cut, Sparking Stock Market Rally

Fed Chair Jerome Powell signals rate cut potential; stock market surges.

#jeromepowell, #interestrates, #federalreserve, #markets, #us

Fitch Reaffirms India's Rating Amid Growth and Challenges

India's rating stays stable at 'BBB-' as Fitch highlights growth, but warns of U.S. tariffs and fiscal weaknesses.

#fitch, #india, #rating, #economy, #ustrade

China Considers Yuan-Backed Stablecoins to Boost Currency Globalization

China plans yuan-backed stablecoins to enhance its currency's global adoption, shifting from its previous crypto ban.

#china, #stablecoins, #digitalcurrency, #yuan, #cryptocurrency

U.S. Unemployment Rate Holds Steady at 4.2% in July Amid Demographic Shifts

The U.S. unemployment rate remains stable at 4.2%, with notable demographic and industry employment shifts reported by the Bureau of Labor Statistics.

#unemployment, #bls, #federalreserve, #economy, #laborforce

U.S. Faces $22.7 Trillion Deficit by 2035, CRFB Warns

CRFB projects massive $22.7 trillion U.S. deficit by 2035 due to recent tax and spending laws, raising concerns over fiscal sustainability.

#usdeficit, #taxpolicy, #fiscalpolicy, #CRFB

Inflation Concerns Dampen U.S. Consumer Sentiment in August 2025

U.S. Consumer Sentiment Index falls as inflation worries surge, impacting economic outlook.

#economy, #inflation, #consumer sentiment, #University of Michigan

China's Central Bank Maintains Lending Rates Amid Slow Economic Growth

PBOC opts for targeted policies over broad easing, keeping lending rates steady despite slowdown.

#pboc, #chinaeconomy, #monetarypolicy, #lendingrates

U.S. Invests $1 Billion to Secure Critical Minerals Supply Chain

U.S. DOE announces $1B funding to advance domestic critical minerals supply, reducing reliance on foreign sources like China.

#usdoe, #criticalminerals, #nationalsecurity, #china, #economy

Federal Reserve Maintains Interest Rates Amid Tariff-Induced Uncertainty

Fed holds rates at 4.25-4.50% amidst economic uncertainty and rising tariffs impacting GDP and inflation.

#federalreserve, #interestrate, #tariffs, #economy, #fomc

Powell's Pivotal Speech at Jackson Hole: Key Insights Expected

Chair Powell to address inflation and labor market issues at Jackson Hole amid internal Fed debates.

#federalreserve, #jacksonhole, #economy, #inflation, #interest rates

Fears of Stagflation Rise Amid U.S. Economic Challenges

Stagflation fears grow as the U.S. faces rising inflation and a weakening labor market, with policymakers divided on response strategies.

#stagflation, #inflation, #labor market, #federal reserve

Housing Market Challenges Persist as Builder Confidence Declines

NAHB/Wells Fargo Index shows unexpected drop in builder confidence due to high mortgage rates and economic uncertainty.

#housingmarket, #builderconfidence, #mortgagerates