Former Treasury Secretary Steven Mnuchin says ‘people are overreacting a bit’ to Trump’s policies
By Jesse Pound March 12, 2025 Mnuchin, who served in President Donald Trump’s Cabinet during the Republican’s first term in office, told CNBC’s “Squawk Box” that he does not see signs of an imminent slowdown for the U.S. economy. The first few months of Trump’s second term have been marked by escalating trade tensions between […]
Powell says there’s no rush to ease more given strong economy
By Reuters February 11, 2025 Feb 11 (Reuters) – The U.S. Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is “strong overall,” with low unemployment and inflation that remains above the Fed’s 2% target, Fed Chair Jerome Powell said in opening remarks prepared for delivery at a Senate […]
TSMC’s Sales Quicken in First Two Months in Upbeat Note for AI
Summary by Bloomberg AI Taiwan Semiconductor Manufacturing Co.’s revenue increased 39% in the first two months, driven by resilient demand for AI chips. The company’s sales are a barometer for the sector, and its growth is seen as a sign of healthy spending on artificial intelligence computing. However, TSMC faces uncertainty in 2025, including the […]
Here’s the $280 billion reason that AI-chip stocks will be just fine
By Therese Poletti February 6th, 2025 The winners of hyperscalers’ big spending plans will continue to be chip companies like Nvidia Investors still worrying about chip stocks in light of fears of lower spending on AI can breathe a sigh of relief now that Amazon has joined in with three other Big Tech companies committed […]
Nvidia delivered earnings that beat expectations. Here’s what analysts had to say
Lisa Kailai Han Thursday, February 27 2025 The bar for Nvidia earnings was set high, and analysts feel like the chipmaker cleared it. In fiscal fourth quarter, the graphic processing unit designer earned an adjusted 89 cents per share on $39.33 billion in revenue. That exceeds the 84 cents per shares and revenue of $38.05 billion that […]
DOGE Won’t Be Enough to Get the Federal Debt Under Control
By James A. Baker III and John W. Diamond Feb. 24, 2025 Government debt has exceeded $36 trillion and continues mounting, with no end in sight. This is unsustainable absent dramatic changes in how we allocate our tax dollars. Budget hawks have been rare in Washington since 2010, when the bipartisan Simpson-Bowles commission put forth a […]
The U.S. Economy Depends More Than Ever on Rich People
By Rachel Louise Ensign Feb. 23, 2025 Many Americans are pinching pennies, exhausted by high prices and stubborn inflation. The well-off are spending with abandon. The top 10% of earners—households making about $250,000 a year or more—are splurging on everything from vacations to designer handbags, buoyed by big gains in stocks, real estate and other assets. […]
Donald Trump’s trade remedies reflect America’s troubled reality
“Our partners shouldn’t blame us for a shift aimed at solving the problems they have helped cause” by Robert Lighthizer Financial Times October 31 2024 Critics of Donald Trump’s popular tariff proposals claim they will be inflationary and harm the economy. The fact that this never happened during Trump’s first term, when we raised tariffs, […]
Why Apple may get the ‘last laugh’ in AI as rivals double down on spending craze
By Therese Poletti February 10th, 2025 Most big technology companies indicated this earnings season that their capital spending on artificial-intelligence data centers is continuing unabated. That makes Apple Inc. stand out even more for how much it’s not spending. Investors once worried that Apple was behind the pack in AI because it wasn’t spending as much […]