September brought a notable uptick in private sector hiring, suggesting that the labor market continues to demonstrate resilience despite various economic headwinds. According to the latest report from payroll processing firm ADP, businesses added 143,000 jobs during the month, a substantial increase from the revised 103,000 positions created in August. This figure also exceeded economists’
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India, a burgeoning hub for global technology and manufacturing, has set an ambitious target to produce its first semiconductor chip within the next two years, as announced by Commerce Minister Piyush Goyal in a recent CNBC interview. This development marks a crucial step in India’s strategic plan to bolster its position in the semiconductor industry,
Cerebras Systems, an innovative chip startup established in 2016 and based in Sunnyvale, California, has recently taken a significant step towards going public by filing its prospectus for an initial public offering (IPO) under the ticker symbol “CBRS.” This move positions Cerebras within the rapidly growing and fiercely competitive landscape of artificial intelligence (AI) hardware.
Recently, a striking report has emerged revealing that more than 13,000 immigrants with homicide convictions—obtained either within the United States or abroad—are residing freely in the country, outside the watchful eye of Immigration and Customs Enforcement (ICE). This figure stems from data submitted to Congress by ICE earlier this week, highlighting a serious gap in
In August, a significant development unfolded in the economic landscape of the United States, as inflation figures edged closer to the Federal Reserve’s ideal target. The Commerce Department’s recent report revealed that the personal consumption expenditures (PCE) price index experienced a modest increase of 0.1% for the month, leading to a year-on-year inflation rate of
As the 2024 election approaches, lawmakers have managed to stave off an immediate government shutdown. However, the relief is temporary, with a funding crisis looming just before the holiday season. This situation raises pressing questions about Congress’s ability to enact the necessary appropriations for the upcoming fiscal year and the political dynamics at play amid
American Eagle Outfitters has escalated its ongoing battle against counterfeit products by launching a lawsuit against the e-commerce titan Amazon. This legal action, which was formally filed in the U.S. District Court for the Southern District of New York, accuses Amazon of trademark infringement that allegedly misleads consumers into believing they are purchasing authentic products
The ongoing political discourse surrounding the U.S. economy has recently taken center stage in the lead-up to the next presidential election. With rising inflation, supply chain disruptions, and the pandemic’s economic fallout still fresh in the minds of many Americans, both parties are keen to present robust solutions to restore optimism. At a rally in
In a competitive airline industry, Southwest Airlines stands at a pivotal junction as it grapples with pressure from activist investor Elliott Investment Management. This hedge fund has been urging significant leadership changes while targeting the carrier’s operational inefficiencies. Southwest’s management has responded with a clarion call for transformation, suggesting that challenging decisions will be on
The recent decision by the Federal Reserve to lower interest rates by half a percentage point has sent ripples through the investment community, prompting a critical reassessment of prevailing portfolio strategies. This marks a pivotal moment, considering it is the Fed’s first rate cut in over four years, indicating a significant shift in monetary policy.