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U.S. Economy

Why the price of chocolate’s key ingredient skyrocketed in 2024

by Walter Watson
Why the price of chocolate’s key ingredient skyrocketed in 2024

Chocolate’s key ingredient has soared in commodities markets throughout 2024. Spot prices for cocoa began the year around $4,200 an ounce, then hit an all-time high of more than $12,000 …

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Samsung’s HBM chips are failing Nvidia tests: Reuters

by Walter Watson
Samsung’s HBM chips are failing Nvidia tests: Reuters

A man walks past the Samsung logo displayed on a glass door at the company’s Seocho building in Seoul on April 7, 2023. Jung Yeon-je | Afp | Getty Images …

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CHIPS Act last $6 billion in semiconductor award money

by Walter Watson
CHIPS Act last  billion in semiconductor award money

The rollout of the Biden administration’s CHIPS Act award money has so far focused on providing major awards for major companies, with just four leading-edge semiconductor manufacturers receiving the lion’s …

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Most Americans falsely think the U.S. is in recession, poll shows

by Vera Ward
Most Americans falsely think the U.S. is in recession, poll shows

People walk past a homeless man outside the New York Stock Exchange (NYSE) at Wall Street on January 18, 2023 in New York City.  Angela Weiss | AFP | Getty …

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Fed officials seem to have ‘no idea’ about inflation, strategist says

by Walter Watson
Fed officials seem to have ‘no idea’ about inflation, strategist says

The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. Valerie Plesch | Bloomberg | Getty Images Federal Reserve officials appear …

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Biden takes credit for Target grocery price cuts

by Vera Ward
Biden takes credit for Target grocery price cuts

U.S. President Joe Biden delivers remarks on lowering costs for American families during a visit to Goffstown, New Hampshire, on March 11, 2024. Kevin Lamarque | Reuters President Joe Biden …

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U.S., Europe must respond jointly to China’s industrial overcapacity

by Walter Watson
U.S., Europe must respond jointly to China’s industrial overcapacity

US Treasury Secretary Janet Yellen attends a press conference at US Ambassador’s residence in Beijing on April 8, 2024.  Pedro Pardo | AFP | Getty Images FRANKFURT – U.S. Treasury …

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Wendy’s will offer $3 breakfast meal deal after McDonald’s value meal

by Anas Siddiqui
Wendy’s will offer  breakfast meal deal after McDonald’s value meal

An exterior view of a Wendy’s fast food restaurant.  Paul Weaver | SOPA Images | Getty Images Wendy’s will offer a $3 breakfast combo meal starting Monday, as restaurants chains …

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Biden’s White House is courting CEOs while bashing corporate greed

by Vera Ward
Biden’s White House is courting CEOs while bashing corporate greed

U.S. President Joe Biden departs the White House in Washington, U.S., for a campaign fundraiser in California, May 9, 2024.  Craig Hudson | Reuters President Joe Biden has had it …

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Campus protests on Gaza call for schools to divest from Israel—How it would work

by Walter Watson
Campus protests on Gaza call for schools to divest from Israel—How it would work

Student protests against the ongoing Israel-Hamas conflict have brought battalions of police in riot gear to college campuses, enraged some billionaire donors, and led to canceled graduation ceremonies. One constant …

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