This week’s trading preview
US stock earnings (following-hours): Dell (DELL), Marvell (MRVL), Affirm (AFRM)
U.S. personal spending/income in July, PCE price index, final value of consumer confidence in Michigan in August
Fed Chairman Powell speaks at annual meeting of global central banks
Biden signs executive order to accelerate launch of $280 billion chip bill
U.S. President Biden signed an executive order on Thursday (25th) to accelerate the launch of the $280 billion “Chip and Science Act” (CHIPS Act), and to promote the allocation of $52 billion in subsidies to semiconductor companies such as Intel as soon as possible, highlighting Biden The U.S. government is eager to increase U.S. competitiveness once morest China.Read the full article…
Micron to spend $160 billion to build factory near Austin, Texas
Following Samsung Electronics, it is rumored that Micron is also considering spending $160 billion to set up a semiconductor factory near central Texas.Read the full article…
California passes 2035 ban on fuel vehicles, more than 10 states in the United States are expected to follow
The California authorities voted on Thursday (25th) to approve a plan to ban the sale of fuel vehicles from 2035, and at least 10 states in the United States will follow suit, a move that will accelerate the nation’s transition to electric vehicles.Read the full article…
It is rumored that the United States and China are close to reaching an agreement, and they will go to Hong Kong as soon as next month to audit the accounting papers of Chinese concept stocks
According to a number of foreign media reports, the United States and China are quite close to reaching an agreement, and U.S. regulators can go to Hong Kong as soon as next month to review the accounting papers of Chinese concept stocks, which is expected to break the multi-year deadlock.Read the full article…
On the eve of the Jackson Hole annual meeting, Fed officials show their talons one following another
On the eve of the Jackson Hole annual meeting of global central banks, several Fed officials have expressed hawkish stances. Kansas Fed Bank President Esther George, who voted on the Federal Open Market Committee (FOMC) this year, said that following there is evidence that inflation is falling Previously, the Federal Reserve (Fed) was expected to continue raising interest rates as they were not at “restrictive” levels and had “room to rise”.Read the full article…
