Latest Electronic parts manufacturing News

Fed sees earlier time frame for rate hikes with inflation up

Jun. 16, 2021 18:19 PM EDT

WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest-rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation. ...

Oracle, La-Z-Boy fall; General Motors, Rambus rise

Jun. 16, 2021 16:25 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Oracle Corp., down $4.56 to $77.08. Investors were disappointed by the software maker's first-quarter profit forecast. La-Z-Boy Inc., down...

Delicate task for Fed: When to pull back on low-rate support

Jun. 14, 2021 13:23 PM EDT

WASHINGTON (AP) — With inflation rising in a fast-rebounding economy, the Federal Reserve is poised this week to discuss when it will take its first steps toward dialing back its ultra-low interest rate policies. It will be a fraught discussion, one likely to occur over...

Vertex, Incyte fall; Precigen, Magnachip rise

Jun. 11, 2021 16:37 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Vertex Pharmaceuticals Inc., down $23.75 to $193.02. The biotechnology company ended development of a potential treatment for a genetic condition that targets the...

Another jump in prices tightens the squeeze on US consumers

Jun. 10, 2021 13:35 PM EDT

WASHINGTON (AP) — American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008. The May rise in consumer prices that the Labor Department reported Thursday reflected...

US drops Trump order targeting TikTok, plans its own review

Jun. 09, 2021 17:43 PM EDT

WASHINGTON (AP) — The White House dropped Trump-era executive orders intended to ban the popular apps TikTok and WeChat and will conduct its own review aimed at identifying national security risks with software applications tied to China, officials said Wednesday. A new...

Editorial Roundup: U.S.

Jun. 09, 2021 13:38 PM EDT

Excerpts from recent editorials in the United States and abroad: June 8 The Montreal Gazette on anti-Muslim hatred in Canada: What happened in London, Ont. Sunday is sickening and heartbreaking. Three generations of a family went...

Ferrari taps European chip-maker executive as new CEO

Jun. 09, 2021 09:12 AM EDT

MILAN (AP) — Luxury sports carmaker Ferrari has tapped Benedetto Vigna, an Italian executive at Europe’s largest semiconductor chipmaker, as its new CEO, the company announced Wednesday. Vigna, 52, will join Ferrari in September from Geneva-based STMicroelectronics,...

China denounces US bill aimed at boosting competitiveness

Jun. 09, 2021 07:16 AM EDT

BEIJING (AP) — Beijing has denounced a U.S. bill aimed at boosting U.S. technology to improve American competitiveness, calling it a thinly veiled attack on China’s political system and an attempt to hinder its development. The Foreign Affairs Committee of China’s...

Asian shares mixed as China reports jump in inflation

Jun. 09, 2021 00:14 AM EDT

Asian shares were mixed on Wednesday after China reported a big jump in factory gate prices at a time when inflation is a top investor concern. Shares fell in Tokyo, Seoul and Sydney but rose in Shanghai and Hong Kong. China's producer price index,...