US industrial output jumps in July on solid manufacturing gain

US industrial output jumps in July on solid manufacturing gain

This post was originally published on this site A solid rebound in American manufacturing, especially vehicles, following two months of declines, help push overall industrial production up in July, the Federal Reserve said Tuesday. A massive 6.6 percent surge in motor vehicle and parts production was a key driver the...

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Biden Signs $280B CHIPS Act In Bid To Boost U.S. Over China

Biden Signs $280B CHIPS Act In Bid To Boost U.S. Over China

This post was originally published on this siteThe legislation sets aside $52 billion specifically to bolster the U.S. computer chip sector.

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Senate advances bill to boost domestic semiconductor industry

Senate advances bill to boost domestic semiconductor industry

This post was originally published on this siteThe Senate voted 64 to 32 Tuesday to advance legislation to provide $52 billion to the domestic semiconductor industry, $81 billion to the National Science Foundation and a 25 percent investment tax credit for semiconductor manufacturing. The vote brings the semiconductor bill closer...

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GM Profit Tumbles 40% on China Loss, Parts Shortage

GM Profit Tumbles 40% on China Loss, Parts Shortage

This post was originally published on this siteThe auto maker’s weaker results reflect ongoing challenges with supply-chain disruptions, including a multiyear shortage of semiconductors.

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Pentagon steps into Senate chip debate, citing national security

Pentagon steps into Senate chip debate, citing national security

This post was originally published on this sitePentagon officials are pressing lawmakers to back legislation to fund the domestic production of semiconductor chips, arguing it is essential for national security. Ahead of a crucial vote in the Senate, the Department of Defense is lobbing members in both parties to back...

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The Senate is nearing a deal on immigration that could also lower food prices

The Senate is nearing a deal on immigration that could also lower food prices

This post was originally published on this site Two Senators are closer then ever before on an immigration-related bill that would provide a much-needed workforce for agriculture. But can they get the Farm Bureau on board the final sticking point? (Image credit: Craig F. Walker/The Boston Globe via Getty Images)

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Baby-Formula Shortage Deepens, Defying Replenishment

Baby-Formula Shortage Deepens, Defying Replenishment

This post was originally published on this siteOut-of-stock levels remain high in U.S. stores: “Until those shelves are full, the crisis continues.”

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Ukraine war: Deal in sight to end Ukrainian grain blockade – Turkey

Ukraine war: Deal in sight to end Ukrainian grain blockade – Turkey

This post was originally published on this siteRussia’s blockade has seen exports collapse and raised fears of food shortages in developing nations.

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West Coast port dispute poses latest threat to supply chain

West Coast port dispute poses latest threat to supply chain

This post was originally published on this siteA labor contract between shipping companies and West Coast port workers is set to expire Friday, raising fears of a walkout that could exacerbate supply chain disruptions and product shortages. Both sides have maintained that port workers will continue to process cargo even...

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