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Intel Breaks Ground on $20 Billion Arizona Plants as US Chip Factory Race Heats Up

Intel Breaks Ground on $20 Billion Arizona Plants as US Chip Factory Race Heats Up

By Reuters Intel Corp on Friday broke ground on two new factories in Arizona as part of its turnaround plan to become a major manufacturer of chips for outside customers. The $20 billion plants—dubbed Fab 52 and Fab 62—will bring the total number of Intel factories at its campus in Chandler, Arizona, to six. They will house Intel’s […]

Wall Street Rally Fizzles out as Evergrande Worries Persist; Nike Drops

By Reuters U.S. stock indexes fell on Friday following a two-day rally, as worries persisted about the spillover from debt-laden China Evergrande, while Nike tumbled after cutting its sales forecast. Six of the 11 major S&P sectors advanced in early trading, with economy-sensitive energy, financials and defensive utilities shares leading gains. Technology and consumer discretionary were the biggest losers. […]

Norway Official: COVID-19 Can Now Be Compared to the Flu as Country Removes Pandemic Restrictions

By Jack Phillips Norway will end all COVID-19-related restrictions starting Saturday, Sept. 25, the government announced, joining a growing list of countries and states that have removed pandemic curbs. “It is 561 days since we introduced the toughest measures in Norway in peacetime … Now the time has come to return to a normal daily life,” Prime […]

Business Activity Growth Hits 12-Month Low on Supply Hold-Ups and Capacity Shortages

By Tom Ozimek Business activity in the United States in September grew at its slowest monthly pace in 12 months, with supply chain hold-ups and capacity shortages hampering growth. Data firm IHS Markit said on Sept. 23 that its flash U.S. Composite PMI Output Index (pdf)—which tracks the manufacturing and services sectors—retreated to a reading of 54.5 in September. […]

New Hampshire House Speaker Files Bill to Block Vaccine Mandate

By The Center Square New Hampshire House Speaker Sherman Packard is working on legislation that would ban state or local enforcement of COVID-19 vaccine mandates. Packard, a Londonderry Republican, said his office is working on a bill that is aimed at blunting the impact of President Joe Biden’s new federal vaccine requirements to “prevent federal overreach, protect our […]

Jobless Claims Rise Above Expectation to Highest Level in a Month

By Tom Ozimek The number of American workers who filed for unemployment rose above expectations last week and hit the highest level in a month, new government figures show. First-time filings for unemployment insurance—a proxy for layoffs—came in at 351,000 for the week ending Sept. 18, a rise of 16,000 from the previous week’s revised level of […]

Republicans Won’t Vote to Raise Debt Limit Given Democrats’ Partisan Budget Plans: McConnell

By Zachary Stieber Senate Republicans will not vote to raise the debt limit at this time because of Democrat plans to spend trillions of dollars, Senate Minority Leader Mitch McConnell (R-Ky.) and other Republican leaders said Wednesday. The House of Representatives voted this week along party lines to pass a bill that includes suspending the debt limit until after […]

Facebook Investor: Company Paid $5 Billion to FTC as ‘Quid Pro Quo’ to Shield Zuckerberg

By Ken Silva A recently filed lawsuit against Facebook reveals new details about the Cambridge Analytica scandal, claiming among other allegations that company executives massively overpaid the Federal Trade Commission to shield CEO Mark Zuckerberg from personal liability. The lawsuit was filed in a Delaware state court by the Employees’ Retirement System of Rhode Island (ERSRI), following a battle […]

GOP Lawmakers File Impeachment Articles Against Biden

By Isabel Van Brugen Four House Republicans have filed articles impeachment against President Joe Biden over his handling of the U.S. troop withdrawal from Afghanistan and the influx of people illegally crossing the U.S.-Mexico border. Rep. Bob Gibbs of Ohio, who is leading the effort to impeach the president, alongside Reps. Andy Biggs of Arizona and Brian Babin […]

House GOP Leadership Will Encourage Members to Vote Against Infrastructure Bill

By Joseph Lord In a statement from Rep. Steve Scalise’s (R-La.) office Wednesday, the House Minority Whip said that Republican leadership would be asking members to vote against the $1.2 trillion infrastructure bill. In the Senate, the infrastructure bill passed easily, with all 50 Democrats and 19 Republicans in the upper chamber supporting the bill. Of those, many big-name Republicans like […]

Top Aide to Ukrainian President Targeted by Gunfire in Assassination Attempt

By Lorenz Duchamps A top aide to Ukrainian President Volodymyr Zelensky was targeted by a volley of gunfire on Wednesday during an apparent assassination attempt, authorities said. A statement released by national police confirmed more than 10 bullets were fired at the vehicle of Serhiy Shefir at about 10 a.m. near the village of Lesnyky, several miles outside the […]

Judicial Watch: Hearing Scheduled for Case Challenging California’s Gender Quotas for Corporate Boards

By Judicial Watch (Washington, DC) – Judicial Watch announced today that a hearing is scheduled in the California Superior Court regarding its case challenging California’s gender quotas for corporate boards. Arguments will be heard by Judge Maureen Duffy-Lewis. DATE: Tuesday, September 21, 2021,TIME: 9:30 a.m. PT, 12:30 p.m. ETPLACE: Courtroom/Department 38Superior Court of California Los Angeles,Stanley […]

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