More than 120 companies including Intel, Nvidia and Texas Instruments recently signed a letter urging Congress to accelerate negotiations to get a bill passed that would massively scale chipmaking in the US. The group of A-list companies, which also includes Amazon AMZN and Microsoft MSFT, design, manufacture or provide critical infrastructure to the semiconductor industry….
The Great Resignation is pivoting to a Forced Resignation. Thousands of layoffs in the tech sector, compounded by hiring freezes and a slowdown in hiring, highlight the abrupt shift in fortunes over the past several months as a result of rampant inflation, fear of stagflation and recession, supply-chain interruptions, the war in Ukraine, an ailing…
The Dow Jones Industrial Average won’t be trading on Monday when the new Juneteenth federal holiday is observed, because the stock market will be closed, and so will many of the Dow’s components. That’s a relatively quick turnaround for the New York Stock Exchange and Nasdaq exchange to close for Juneteenth, just one year after…
Read More “Here’s how some Dow industrials companies are observing the Juneteenth holiday” »
If the Federal Reserve had taken the threat of inflation more seriously a year ago, we wouldn’t have the societal shift in inflation expectations, which is compounding the vicious cycle that endless liquidity, higher energy prices and supply-chain crises started. Heck, the Fed might have had a fighting chance of getting in front of this…
Everyone’s favorite trade in the stock market, technology, has gone the way of the dodo. Oil and value stocks are all the rage. But one part of technology – semiconductors – is vital not only to the technology sector in the stock market but to the global economy and industries from cars to computers. The…
Read More “Opinion: As tech melts down, a truth remains: Semiconductors are eating the world” »
