New York CNN — The failure of a freight railroad strike to begin on Friday is a huge win for the US economy and its still struggling supply chain. But that does not mean that freight railways provide good service to their customers. Many of the issues hampering the supply chain, driving up prices and …
Freight rail service is terrible, even without the threat of a strike | CNN Business Read More »
hong kong CNN — Semiconductor giant TSMC was feted this week by US President Joe Biden and Apple CEO Tim Cook at a ceremony to unveil its $40 billion manufacturing site in Arizona – a huge investment designed to help secure America’s supply of the most advanced chips. But back in Taiwan, there is deep …
As the world woos TSMC, Taiwan fears losing its ‘silicon shield’ | CNN Business Read More »
hong kong CNN — Semiconductor giant TSMC was feted this week by US President Joe Biden and Apple CEO Tim Cook at a ceremony to unveil its $40 billion manufacturing site in Arizona – a huge investment designed to help secure America’s supply of the most advanced chips. But back in Taiwan, there is deep …
As the world woos TSMC, Taiwan fears losing its ‘silicon shield’ | CNN Business Read More »
US households lost an estimated $6.8 trillion in wealth in the first three quarters of 2022 as the SPX stock market, -0.73% DJIA, -0.90% COMP, -0.70% has lost more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts. Nominal net worth fell 4.6% to $143.3 trillion, as the …
Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record Read More »
CNN — Big oil companies have engaged in a ‘long-running greenwashing campaign’ while reaping ‘record profits at the expense of American consumers’, the Democratic-led House Oversight Committee found after an investigation by a year on fossil fuel climate misinformation. industry. The committee found that the fossil fuel industry “posture on climate issues while avoiding real …
It’s still a bear market, according to the relative strength ranking of the US stock market sector. This is because the sectors that generally do best at the end of bear markets have been lagging lately. Conversely, sectors that usually do the worst at the end of bear markets have outperformed. This is not what …
If the bulls really had control, these stock sectors would be the leaders right now Read More »
Text size The towers of the Linden gas-fired combined heat and power plant, also known as ‘Three Warm Brothers’, in Hannover, Germany. A European Union ban on Russian oil imports by sea went into effect on Monday. Krisztian Bocsi/Bloomberg About the Author: Abishur Prakash is co-founder and geopolitical futurist of the Center for Innovating the …
Text size Police officers stand guard during a protest in Beijing, China, early Monday, November 28, 2022. Recent developments have not reduced the risks investors face from authoritarianism, writes Perth Tolle. Bloomberg About the Author: Perth Outcry is the founder of Life + Liberty Indexes and creator of the FRDM index. Last week we witnessed …
China’s protests are new. Investment risks are not. Read More »
Text size Police officers stand guard during a protest in Beijing, China, early Monday, November 28, 2022. Recent developments have not reduced the risks investors face from authoritarianism, writes Perth Tolle. Bloomberg About the Author: Perth Outcry is the founder of Life + Liberty Indexes and creator of the FRDM index. Last week we witnessed …
China’s protests are new. Investment risks are not. Read More »
Elon Musk left Silicon Valley at the end of 2021 to settle in Austin, Texas. This southern town is now the headquarters of Tesla (TSLA) – Get a free reportthe maker of electric vehicles and also the crown jewel of the richest man’s empire in the world. But Musk has been back in Silicon Valley …
Elon Musk highlights a big problem in San Francisco Read More »
