economy

Biden to hit China with broader curbs on US chip and tool exports: Reuters

US President Joe Biden speaking during the groundbreaking of the new Intel semiconductor plant on September 9, 2022 in Johnstown, Ohio. The Biden administration plans next month to broaden curbs on US shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said. Andrew Spear | Getty …

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Ethereum blockchain set for ‘monumental’ overhaul | Crypto News

Cryptocurrency experts say the changeover, expected to take place between Tuesday and Thursday, will slash energy consumption by more than 99 percent. An army of computer programmers scattered across the globe is set to attempt one of the biggest software upgrades the crypto sector has ever seen this week to reduce its environmentally unfriendly energy …

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Foreclosure concerns grow in housing market

SOUTHFIELD, Mich. (WXYZ) — From Farmington Hills to Ferndale, homeowners are expressing worry over rising interest rates and anticipated falling prices that could soon be creating a troubling scenario. Hairstylist Jayme McNeil is among those watching the situation closely. “I hope for the best and plan for the worst,” says McNeil who bought a home …

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Fed’s Waller sees ‘significant’ rate hike this month, backs data-dependent approach

Federal Reserve Governor Christopher Waller on Friday echoed recent sentiments from his colleagues, saying he expects a big interest rate increase later this month. He also said policymakers should stop trying to guess the future and instead stick to what the data is saying. “Looking ahead to our next meeting, I support another significant increase …

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Airlines’ chaotic summer is over. These 5 charts show how it went

Travelers make their way through Orlando International Airport on New Year’s weekend, despite thousands of flight cancellations and delays across United States. Paul Hennessy | Lightrocket | Getty Images It was a pricey and chaotic summer for air travel. A bigger share of flights were delayed or canceled during the main late spring and summer …

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5 things to know before the stock market opens Friday, September 9

Trader on the floor of the NYSE Aug. 30, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. That Friday feeling Stock futures indicated a positive open Friday morning as US markets head toward a possible winning week after three straight losing ones. The three …

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Stocks making the biggest moves after hours: DocuSign, Zscaler and more

Interior Design area of ​​the Restoration Hardware store in the Meatpacking District of New York. Source: RH Check out the companies making headlines after hours. DocuSign — Shares surged more than 17% after the electronic agreements company reported an earnings beat, and issued a third-quarter revenue forecast that was above expectations. DocuSign reported earnings of …

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Deadline for rail strike which could cost $2 billion a day nears

A maintenance-of-way worker watches as an eastbound freight train passes by his track gang in Alva, Oklahoma. Bloomberg | Getty Images On the heels of the latest round of labor negotiations between the National Mediation Board, unions, and freight railroads, the Association of American Railroads has released a report projecting that the economic impact of …

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