Inflation in the US showed decelerating trends in July, which, although it remained at extremely high levels, was measured significantly lower than last month and also the market estimates. In particular, the Consumer Price Index increased in July at an annual rate 8.5% retreating significantly from a 40-year high at 9.1% of June, at a […]
Tag: USA
Cathie Wood: US already in recession – Possibly exiting in 2023
While other investors worry about the US slipping into recession next year, ARK Investment Management founder Cathie Wood thinks the recession is already here – and could last well into 2023. “We believe we are already in a fairly significant inventory downturn, however we do not believe it will be anything remotely similar to the […]
US: Approves $89M in financial aid to clear minefields on Ukrainian soil
The US State Department has approved $89 million in financial assistance to help Ukraine equip and train 100 demining and unexploded ordnance disposal teams for a year, an official said Tuesday. The funding is the largest demining program ever launched in Ukraine, and the official compared the effort to similar efforts to destroy unexploded ordnance […]
Political storm in the USA after the search of the house of Donald Trump
First step towards bringing him to trial for some, “political persecution” for others: the FBI’s search of Donald Trump’s home cast a new harsh light on Tuesday on the deep division in the US, while the former Republican president is increasingly courting more open to the possibility of running again. Never before had a former […]
Joe Biden signs law to restart semiconductor manufacturing in the country
US President Joe Biden signed legislation today that frees up $52 billion in subsidies to revive semiconductor manufacturing in the United States The Democratic president said that specific investment in these pieces at the heart of modern electronics will help his country win “economic competition in the 21st century.” The text, approved in late July […]
USA: Biden negative for Covid-19, persistent cough attributed to asthma
Joe Biden has tested negative for Covid-19 again, a White House spokesman said today after the US president coughed repeatedly during a speech on a bill aimed at boosting the US semiconductor industry. President Biden delivered a speech on the South Lawn of the White House to ministers, members of Congress and businessmen before signing […]
USA: Biden signs bill to boost domestic semiconductor production
The US law is now the landmark bill that has been promoted for a long time by the administration of Joe Biden to strengthen the competitiveness of the US against China in the field of technology, especially in the field of semiconductors. The US president signed the bill into law on Tuesday, which provides $52.7 […]
Biden will sign documents supporting Sweden and Finland joining NATO
US President Joe Biden was due to sign documents on Tuesday confirming Finland and Sweden’s membership in NATO, the military alliance’s most significant expansion since the 1990s as it responds to Russia’s invasion of Ukraine. The U.S. Senate backed the expansion by an overwhelming 95-1 vote last week, a rare show of bipartisan unity in […]
US: Productivity fell at a record pace in the second quarter
Productivity in the US also fell in this quarter, while at the same time labor costs showed a significant increase, intensifying fears of inflationary pressures. In particular, after a 7.4% drop in the first quarter, productivity (or hourly output per worker in non-agricultural businesses) fell again in the second quarter at an annual rate of […]
Akar: Negotiations next week in the US on the F-16 purchase
A Turkish delegation will travel next Monday to the US for new negotiations regarding the purchase of F-16 fighter jets, the Turkish Defense Minister announced today. “Talks on the acquisition of F-16s are continuing. (…) We have a meeting on August 15: we have been invited to the United States,” Hulusi Akar said during a […]
