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  • Politics
    The Canadian Press

    Biden celebrates computer chip factories, pitching voters on American 'comeback'

    SYRACUSE, N.Y. (AP) — President Joe Biden on Thursday sought to sell voters on an American “comeback story” as he highlighted longterm investments in the economy in upstate New York to celebrate Micron Technology's plans to build a campus of computer chip factories made possible in part with government support. Staring down a rematch with Republican Donald Trump, Biden was asking voters to buy into his vision of the future, at a moment when voters are most worried about enduring pressures from h

  • Business
    The Canadian Press

    Stock market today: Wall Street falls on double dose of disappointing economic data, as Meta sinks

    NEW YORK (AP) — U.S. stocks fell Thursday on worries about a potentially toxic cocktail for financial markets, one where inflation remains stubbornly high but the economy’s growth flags. A sharp drop for Facebook's parent company, one of Wall Street’s most influential stocks, also dragged the market lower. The S&P 500 was 0.4% lower in late trading after paring an earlier drop of 1.6%. The Dow Jones Industrial Average was down 371 points, or 1%, after earlier falling more than 700. The Nasdaq co

  • Business
    Bloomberg

    US Yields Hit 2024 Highs as GDP Dashes Fed Hopes: Markets Wrap

    (Bloomberg) -- Wall Street was rattled by data that showed exactly what traders did not want to hear: a sharp slowdown in the world’s largest economy and stubborn inflation.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience as Meta’s AI Push Spooks MarketHow to Get a Meeting With the U

  • Business
    Bloomberg

    Micron Clinches Up to $13.6 Billion in US Grants, Loans

    (Bloomberg) -- The US plans to award Micron Technology Inc. $6.1 billion in grants and as much as $7.5 billion in loans to help the memory-chip maker build new American factories, rounding out a slew of major federal awards for advanced semiconductor manufacturing. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll Sho