Month: August 2022
Powell Tells Jackson Hole Fed’s ‘Overarching Focus’ Is Reducing Inflation
In a speech on Aug. 26, 2022, Federal Reserve Board Chair Jerome Powell stated: “The Federal Open Market Committee’s (FOMC) overarching focus right now is to bring inflation back down to our 2% goal.” He added: “Price stability … serves as…
iOS 16 Beta: Check Out All the New Features for iPhone
Apple released its latest public beta for iOS 16, and this version includes a new battery percentage icon. If you have an iPhone with Face ID, this makes it easier to tell how much battery power remains:…
The US is ready to block China’s access to advanced chip design software
The U.S. is poised to implement new export restrictions on a specific type of software used to design semiconductors utilizing a next-generation technology that is vital for producing the most advanced AI chips,…
Summary of the U.S. CHIPS and Science Act of 2022
The United States House of Representatives passed a $280 billion CHIPS and Science Act. Policymakers pushed the legislation forward, citing competition from China and concerns around national security. More than $76 billion were…
Alibaba says will work to keep trading in U.S., Hong Kong after being added to SEC delisting risk list
Chinese e-commerce giant Alibaba said it will comply with U.S. regulators and work to maintain its listings in New York and Hong Kong. A statement “Alibaba will continue to monitor market developments, comply with applicable…