Latest Electronic parts manufacturing News

How Schumer's messy style delivers for Dems: 'I persist'

Aug. 08, 2022 18:40 PM EDT

WASHINGTON (AP) — Shoes off, an almost-empty container of leftovers, an unfinished glass of wine -- this was the exhausted portrait of one of the most powerful Democrats in Washington after Senate passage of President Joe Biden's sweeping health, climate and economic package. New...

Japan tech giant SoftBank posts $23 billion quarterly loss

Aug. 08, 2022 04:47 AM EDT

TOKYO (AP) — Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates. SoftBank Group Corp.’s loss of 3.16 trillion yen was a reversal from its 762...

Biden steps out of the room and finds legacy-defining wins

Aug. 07, 2022 18:43 PM EDT

WASHINGTON (AP) — Over five decades in Washington, Joe Biden knew that the way to influence was to be in the room where it happens. But in the second year of his presidency, some of Biden’s most striking, legacy-defining legislative victories came about by staying out of it. A...

5 key takeaways from the July jobs report

Aug. 05, 2022 13:39 PM EDT

NEW YORK (AP) — July's jobs report was a stunner, in more ways than one. Despite raging inflation and anxiety about a possible recession, employers created 528,000 jobs last month, more than double market expectations. That's the fastest pace of hiring since February. While the...

Biden, Republicans spar over impact of Dems' economic plan

Aug. 04, 2022 23:47 PM EDT

WASHINGTON (AP) — Democrats call it the “Inflation Reduction Act.” Republicans say it's a “tax and spending spree.” And everyone has a study they say proves it. Recent bipartisan action in Congress on matters ranging from producing computer chips to expanding NATO isn’t...

Taiwan cancels flights as China holds military drills

Aug. 04, 2022 06:26 AM EDT

BEIJING (AP) — Taiwan canceled airline flights Thursday as China fired missiles near the self-ruled island in retaliation for a top American lawmaker’s visit, adding to the risk of disruptions in the flow of Taiwanese-made processor chips needed by global telecom and auto industries. ...

China blocks some Taiwan imports but avoids chip disruptions

Aug. 03, 2022 07:31 AM EDT

BEIJING (AP) — China blocked imports of citrus, fish and other foods from Taiwan in retaliation for a visit by a top American lawmaker, Nancy Pelosi, but has avoided disrupting one of the world's most important technology and manufacturing relationships. The two sides, which split...

Asian stocks higher as US-China tensions rise

Aug. 03, 2022 00:09 AM EDT

BEIJING (AP) — Asian stock markets rose Wednesday as traders watched for signs trade might be disrupted by U.S.-Chinese tensions over an American lawmaker's visit to Taiwan. Shanghai, Hong Kong, Tokyo and Seoul advanced after Beijing announced a ban on imports of some Taiwanese...

Editorial Roundup: Ohio

Aug. 01, 2022 13:44 PM EDT

Cleveland Plain Dealer. July 29, 2022. Editorial: Gerrymandered board of education districts do not accord with Ohio law and should be revised: editorial Ohio voters created the State Board of Education in 1953. As the law is currently constituted, 11 of the board’s...

Bumps, bipartisanship in long fight for semiconductor bill

Aug. 01, 2022 12:21 PM EDT

WASHINGTON (AP) — Five weeks ago, senior Biden administration aides gathered for their regular Thursday morning meeting about passing a bill to revive the U.S. computer chip sector, worried that it could be in peril. After 18 months, the bipartisan effort to provide $52 billion for...