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Wall Street climbs as markets brace for possible govt shutdown
Wall Street stocks bounced higher Friday following a pullback in US Treasury yields as markets braced for a looming US government shutdown.Data showed the personal consumption expenditures (PCE) price index rose 2.4 percent in the 12 months to November, up from 2.3 percent in October, the Commerce Department said in a statement.But the reading came …
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US confirms billions in chips funds to Samsung, Texas Instruments
President Joe Biden’s administration said Friday that it has cemented deals for billions in funding to South Korean semiconductor giant Samsung Electronics and Texas Instruments to boost their chipmaking facilities in the United States.US officials have been working to solidify Biden’s legacy to bolster domestic semiconductor manufacturing ahead of President-elect Donald Trump’s White House return …
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Wall Street rebounds despite US inflation ticking higher
Wall Street stocks bounced higher Friday despite data showing an uptick in inflation and a looming US government shutdown.Data showed the personal consumption expenditures (PCE) price index rose 2.4 percent in the 12 months to November, up from 2.3 percent in October, the Commerce Department said in a statement.The core reading of PCE price index — …
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