GFIN

Chip designers warm to U.S. bill despite big benefits to Intel

Chip designers warm to U.S. bill despite big benefits to Intel

July 18 (Reuters) – Major U.S. chip firms on Monday were coming around to support a package of chip industry subsidies despite earlier concerns that legislation awaiting a vote in the Senate disproportionately benefits manufacturers like Intel Corp (INTC.O). Senate Majority Leader Chuck Schumer has told lawmakers that a vote could come as early as …

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Oil falls around 3% as investors eye U.S. Fed rate hikes

Oil falls around 3% as investors eye U.S. Fed rate hikes

A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/ Register now for FREE unlimited access to Reuters.com Register Powell says Fed ‘strongly committed’ to bringing down inflation Biden asks Congress to pause …

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ECB pledges new crisis tool to help indebted southern states

ECB pledges new crisis tool to help indebted southern states

Will focus reinvestments on high-debt members Central bank to devise new ‘anti-fragmentation’ tool Italian bond yield premium eases Lagarde says ECB must meet inflation mandate FRANKFURT/MILAN, June 15 (Reuters) – The European Central Bank promised fresh support for the bloc’s indebted southern rim on Wednesday, tempering a market rout that threatened a repeat of the …

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Explainer: U.S. yield curve inverts again: What is it telling us?

Explainer: U.S. yield curve inverts again: What is it telling us?

U.S. dollar banknote in front of stock graph is seen in this illustration taken, June 12, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 13 (Reuters) – A closely watched part of the U.S. Treasury yield curve inverted on Monday for the first time since April following hotter-than-anticipated …

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