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Wall St closes higher fueled by tech rally, soft inflation data
Dec 18 (Reuters) – Wall Street‘s main indexes closed higher on Thursday as a soft inflation report fed expectations for interest rate cuts by the Federal Reserve, while chipmaker Micron‘s blowout forecast signaled strong AI demand. The Consumer Price Index report showed that consumer prices increased less than expected in the year to November. The […]
Trump 2.0 could impact state business climate
For millennials and hipper Gen X-ers, here’s a question: Are you feeling like the “This is fine” dog in the burning kitchen? And for the Boomers, can we offer you the image of a frog sitting in a pot of quickly heating water? Even if neither image makes sense, this much is clear: There’s a […]
Kaine, Warner respond to Trump White House rescinding spending freeze memo
The White House budget office on Wednesday rescinded a controversial memo issued Monday that froze spending on more than $3 trillion in federal financial assistance, including grants and loans backing economic development and infrastructure projects across the nation. In the two-sentence memo issued Wednesday, Matthew J. Vaeth, acting director of the Office of Management and […]
Micron to invest $2.17B in Manassas expansion
Semiconductor company Micron Technology will invest up to $2.17 billion to expand its Manassas manufacturing facility, creating an expected 340 jobs, Gov. Glenn Youngkin announced Monday. Micron will modernize the plant at 9600 Godwin Drive to produce dynamic random-access memory (DRAM) chips for automotive, aerospace, defense and industrial markets, according to a news release from […]
Micron gets $275M in federal funding for Manassas expansion
Micron Technology is set to receive up to $275 million in federal funding to expand its manufacturing plant in Manassas, U.S. Sens. Mark Warner and Tim Kaine announced Tuesday. The U.S. Department of Commerce has signed a preliminary, nonbinding agreement for the funding as part of the 2022 CHIPS and Science Act, legislation Warner co-wrote. […]
