Chip industry groups slam expected rules in private letter to Biden
By Stephen Nellis (Reuters) – A half-dozen trade groups from the semiconductor and manufacturing industries sent a private letter to U.S. President Joe Biden complaining that new export controls expected this week were rushed through without consulting them. The Biden administration on
US stock futures drift higher with CPI data, earnings on tap
Investing.com– U.S. stock index futures rose slightly on Tuesday evening as caution grew ahead of key consumer inflation data that is likely to factor into the Federal Reserve’s outlook on interest rates. Futures were muted after a choppy session on Wall
South Korean President Yoon arrested over martial law- local media
Investing.com– Impeached South Korean President Yoon Suk Yeol was arrested by authorities on Wednesday following a botched attempt to impose military law in the country in late-2024, local media reports showed. Reports said that investigators had entered Yoon’s Presidential compound in
Dollar rally pauses ahead of US inflation test
By Rae Wee SINGAPORE (Reuters) – The dollar’s towering rally hit a speed bump on Wednesday as traders turned cautious ahead of a closely watched U.S. consumer inflation report due later in the day, making them hesitant to take on new
UK stagflation risk adds pressure on Reeves after market volatility
By Suban Abdulla LONDON (Reuters) – British inflation figures will be closely watched on Wednesday as a sharp jump in government borrowing costs, concerns about domestic and global price pressures and a weak economy put growing pressure on finance minister Rachel