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Tag: boosting

US Weekly Jobless Claims Hit August Highs, Boosting Chance for Fed Rate Hike Pivot

WASHINGTON (Sputnik) – US jobless claims hit their highest levels since August last week, from near historically low levels of unemployment in the week prior, according to Labor Department data on Wednesday that appeared to bolster the chance of the Federal Reserve tapering its rate hikes to cool inflation. The post US Weekly Jobless Claims Hit August Highs, Boosting Chance for Fed Rate Hike Pivot…

China condemns new US law aimed at boosting domestic semiconductor manufacturing

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Chinese state media and trade bodies have joined a chorus of government voices lambasting a new US law aimed at boosting semiconductor manufacturing on American soil. US President Joe Biden signed the bipartisan Chips and Science Act into law on August 9, 2022, to enhance the country’s competitiveness against China. Beijing said the move is part…

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