TAYLOR, Texas – The Commerce Department is on track to disburse the entire $39 billion in grants provided under the CHIPS Act by the end of the year, Commerce Secretary Gina Raimondo told CNBC on Monday. The Commerce Department is providing the money to semiconductor companies to incentivize them to expand their production capacity in…
DUBAI, UNITED ARAB EMIRATES – DECEMBER 04: Blackrock CEO Larry Fink speaks at a panel titled “Financing the New Climate Economy,” where he described the urgent need for a “new financial landscape” to finance investments in the climate economy global energy transition on the fifth day of the UNFCCC COP28 climate change conference at Expo…
Signage is seen at the U.S. Environmental Protection Agency (EPA) headquarters in Washington, DC, USA, May 10, 2021. Andrew Kelly | Reuters The Environmental Protection Agency on Wednesday released long-awaited regulations on some toxic “forever chemicals” in drinking water. The chemicals known as PFAS are per- and polyfluorinated alkyl substances. They are made by binding…
The consumer price index accelerated faster than expected in March, pushing up inflation and likely dashing hopes that the Federal Reserve can cut interest rates soon. The consumer price index (CPI), a broad measure of the cost of goods and services across the economy, rose 0.4% for the month, representing a 12-month inflation rate of…
A Union Pacific freight train travels in Round Rock, Texas, on April 21, 2023. Brandon Bell | Getty Images A year after the train derailment in East Palestine, Ohio, caused an environmental disaster, the Biden administration on Tuesday unveiled new rules intended to improve the safety of rail freight transportation. A new rule passed by…
This photo illustration shows an image of former President Donald Trump reflected on a phone screen displaying the Truth Social app on February 21, 2022 in Washington, DC. Stefani Reynolds | AFP | Getty Images The share price of Trump media closed trading down 21.47% on Monday, hours after the social media app company linked…
Stubbornly high inflation could prompt the Federal Reserve to take a more cautious stance toward cutting interest rates this year, the central bank’s former vice chairman said Friday. Richard Clarida, who was Fed governor until January 2022 and is now a global economic adviser at asset management giant Pimco, said his former colleagues need to…
The core consumer spending price index was expected to rise 0.2% monthly in December and 3% from a year earlier. Source link 2024-01-26 14:43:55 www.cnbc.com
Netflix And Investments of the TKO Group announced Tuesday that the streaming platform will air WWE’s flagship program, Raw, starting next year, marking Netflix’s first major foray into live sports. According to a company statement, the 10-year contract is worth more than $5 billion. Netflix has the option to exit the deal after five years…
