Author: FX

yorkfoto/iStock Unreleased via Getty Images The Biden administration is expected to award billions of dollars in subsidies to Intel (NASDAQ:INTC), Taiwan Semiconductor (NYSE:TSM), and other semiconductor firms in the coming weeks for new factories. The subsidies, part of the $53 billion Chips Act, are expected to be announced before Biden’s State of the Union speech on March 7, according to a WSJ report on Saturday, which cited industry executives familiar with the talks. The announcements will be preliminary and the funds will be released in stages. Micron (MU), Texas Instruments (TXN), and GlobalFoundries (GFS) are also likely to be awarded…

Samson Mow Takes Subtle Jab at Ethereum (ETH), Is XRP Next? U.Today – Samson Mow, the chief executive officer of investment firm Jan3 and prominent (BTC) bull and evangelist, has taken his advocacy for the top coin to a new level. In his latest post on X, he took a subtle jab at alternative investment assets, including Silver and (ETH), as his way of reducing their viability in comparison to their counterparts Gold and Silver. Samson Mow analogyAccording to Samson Mow, Silver is the poor man’s Gold, a statement that shows that investors who consider the latter to be too…

Sun: New Zealand Trade BalanceMon: Japanese Unemployment (Dec)Tue: Israel Municipal Elections; Spanish Flash CPI (Jan), Swiss KOF (Jan), German Flash GDP (Q4), EZ Flash GDP (Q4), EZ Consumer Confidence Final (Dec), US Home Prices (Nov), JOLTS (Dec), Japanese Retail Sales (Dec)Wed: Australian CPI, FOMC & BCB Policy Announcements, BoJ SOO (Jan); Chinese NBS PMIS (Jan), German Flash CPI (Jan), German Retail Sales (Dec), Import Prices (Dec), French Prelim. CPI (Jan), German Unemployment (Jan), EZ GDP Flash Prelim. (Q4), US ADP (Jan) and Employment Cost Index (Q4), Chicago PMI (Jan), Italian Prelim. PCI (Jan)Thu: Chinese Caixin Manufacturing PMI (Jan), EZ/UK/US Manufacturing…

U.S. approves sale of F-16 jet fighters to Turkey, F-35s to Greece Source link

2/2 © Reuters. FILE PHOTO: A Delta Airlines jet comes in for a landing in front of the Empire State Building and Manhattan skyline after flights earlier were grounded during an FAA system outage at Laguardia Airport, in New York City, New York, U.S., January 11, 2023. R 2/2 By Kylie Madry MEXICO CITY (Reuters) -The U.S. government said on Friday it did not plan to renew the antitrust immunity that Delta Air Lines (NYSE:) and Aeromexico currently operate a codeshare agreement under, after the Mexican government made sweeping changes at the country’s main capital airport. Last year, Mexican officials…

Ethan Miller/Getty Images News Vince McMahon resigned as executive chairman of WWE parent company TKO Group (NYSE:TKO) amid an alleged sex abuse scandal. McMahon will defend himself against the claims but will step down “out of respect” for TKO and the WWE business, according to media reports, which cited a statement on Friday. “I wanted to inform you that Vince McMahon has tendered his resignation from his positions as TKO executive chairman and on the TKO board of directors,” WWE Presidnt Nick Khan wrote in an all-staff email, according to CBSsports report. “He will no longer have a role with…

straga/iStock via Getty Images U.S. natural gas futures jumped to the highest in more than a week Friday on forecasts for higher upcoming demand when the weather is expected to turn slightly cooler and with the slow return of production from last week’s cold blast. Weather forecasts for the Lower 48 states expect temperatures will remain warmer than normal from now through at least February 10, but the outlook for the week of February 4 is slightly cooler than for the week of January 28. Financial data firm LSEG sees U.S. gas demand in the Lower 48 including exports dropping…

© Reuters. Microsoft Teams logo is seen through broken glass in this illustration taken, January 25, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -Microsoft’s Teams services were back for some users on Friday after a disruption blocked access to the messaging platform. There were about 1,600 incidents of users reporting issues as of 05:20 p.m. ET, down from more than 14,000 earlier, according to outage tracking website Downdetector.com. “Our failover operation did not provide immediate relief to all end users in North and South America regions,” Microsoft (NASDAQ:) said in its post on X, formerly known as Twitter. The company had earlier…

Share: S&P 500, NASDAQ Composite end six-day record streaks. Despite weaker Friday, US indexes closed in the green for a third straight week. US Fed on the docket for next week. US equities closed mixed on Friday to cap off a week of stunning record closes. Over-eager markets that have been leaning into rate cut bets in recent weeks second-guessed US economic conditions after US Personal Consumption Expenditure (PCE) Price Index figures showed cooling inflation, but consumer spending and housing activity hinted at a US economy that is too robust to allow for a rapid approach on Federal…

Share: AUD/USD ends week down 0.33%, unable to hold above 0.6600, range-bound. Struggle to sustain gains above 200-DMA (0.6576); potential for upward trend watched closely. Key supports at 0.6551, 0.6524; rebound above 200-DMA may aim for resistances at 0.6620, 0.6652. The AUD/USD finished Friday’s session on the back foot, down more than 0.15%, for a total of 0.33% losses in the week. At the time of writing, the pair ended at 0.6573, failing to stay above the 0.6600 figure, which exacerbated the Aussie’s drop below the key 200-day moving average (DMA). The pair extended its sideways trading, with…