
The federal government purchased a 10 percent stake in chipmaker Intel last summer for approximately $11 billion.
Pocketbook issues outweigh political and geopolitical developments, the University of Michigan said.
Like jobless claims, the unemployment rate has been hovering around historically low levels over the past couple of years.
Personal income and spending slowed as months-long elevated prices weighed on consumers.
Solid consumer spending and business investment were not enough to match economists’ forecasts.
Three voting members of the Federal Open Market Committee preferred to raise rates by a quarter point.
From a strong U.S. economy to a restrictive Fed policy, the dollar is enjoying various tailwinds.
Shares of the payment processing giant jumped 1 percent on the news.
Health of the AI spending boom could also influence the U.S. credit outlook.
Behind closed doors, the Federal Open Market Committee will engage in what the new chairman calls a ‘family fight.’