Wall Street stocks added to records early today on expectations that a lacklustre US jobs report bolstered the odds of passage of President Joe Biden’s economic relief package. — Reuters pic
The Labour Department said the US economy added only 49,000 jobs in January and downgraded the number of new jobs created in November and December. Both the S&P 500 and Nasdaq closed at records yesterday, rallying on diminished market volatility and improving coronavirus trends in the US.
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US chip industry calls on Biden administration to fund factories | Malay MailNEW YORK, Feb 11 — A group of US chip companies today sent a letter to President Joe Biden urging him to provide “substantial funding for incentives for semiconductor manufacturing” as part of his economic recovery and infrastructure plans. The chief executives of major US firms such as Intel...
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