There was $2.2 billion invested in space companies in the first three months of 2023, which means a 53 percent decline from the previous quarter and the lowest quarter for space investment since 2015. According to a report from venture capital firm Space Capital on Thursday, the decrease in investment left many companies in a…
Investment in Space Industry Declines by 53 Percent in Q1, Reaching 8-Year Low
Major Retailer to Invest $2.2 Billion in US, Add Over 2,000 Jobs
IKEA announced on Thursday that it will invest more than $2.2 billion in the U.S. market over the next three years to further expand its omnichannel fulfillment network. In a statement, Ingka Group, which owns most IKEA stores, said it plans to bring eight new big stores and add nine “plan and order points”—smaller stores…
House Advances Resolution to Restore Solar Panel Tariffs Targeting China
April 19, 2023
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The House Ways and Means Committee had a busy Wednesday morning focused on China, starting with a vote against the Biden administration’s emergency move to shield some Chinese-made solar panels from tariffs. “Congress must act in this instance to hold accountable bad actors in global trade, and in particular, Chinese wrongdoing,” said Rep. Jason Smith…
IN-DEPTH: Key Risks Facing Banks and What Americans Can Do About Them
April 19, 2023
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While the threat of financial contagion has abated following the bank turmoil sparked by the collapse of Silicon Valley Bank (SVB), experts warn that there are still risks facing U.S. banks that Americans should be mindful of. The collapse of SVB sent shockwaves through the U.S. banking sector, sparking a crisis of confidence and an…
Goldman Sachs Eyes Potential ‘Cannibalization’ From Apple’s New Savings Account
Goldman Sachs CEO David Solomon said he’s not concerned about Apple’s new savings account overshadowing his bank’s own Marcus savings accounts, though he’s watching closely for “cannibalization.” Solomon made the remarks in a recent earnings call, during which he was asked about Apple’s newly-announced savings account, which offers an annual percentage yield (APY) of 4.15 percent…
Bank of America First-Quarter Earnings Beat Expectations
April 18, 2023
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Bank of America’s first-quarter earnings and revenue beat expectations due to higher interest rates. The banking giant reported its best quarter in a decade, according to its latest quarterly earnings report from April 18. BofA said its net interest income (NII) saw its largest boost, surging 25 percent, to $14.4 billion from the year-ago quarter due…
LIVE NOW: House Committee Hearing on Countering China’s Trade and Investment Agenda
The Ways and Means Trade Subcommittee held a hearing on Countering China’s Trade and Investment Agenda: Opportunities for American Leadership at 2:00 p.m. ET on April 18. Hudson Institute Senior Fellow Thomas Duesterberg, Center for Strategic & International Studies Senior Vice President for Economics Matthew Goodman, United Steelworkers Legislative Director Roy Houseman, Nebraska Farm Bureau President Mark…
House Committee Hearing on Countering China’s Trade and Investment Agenda
The Ways and Means Trade Subcommittee held a hearing on Countering China’s Trade and Investment Agenda: Opportunities for American Leadership at 2:00 p.m. ET on April 18. Hudson Institute Senior Fellow Thomas Duesterberg, Center for Strategic & International Studies Senior Vice President for Economics Matthew Goodman, United Steelworkers Legislative Director Roy Houseman, Nebraska Farm Bureau President Mark…
Investing in a Recession? Keep These 6 Factors in Mind
Recessions are a hot topic—and never far from any investor’s mind. It’s a sad fact of life that these periods are inescapable—sooner or later, the economy starts shrinking, asset prices drop, and the stock market takes a nosedive. In such circumstances, it is natural to enter damage control mode. However, entering damage control the wrong…
Oregon Governor Signs CHIPS Bill to Help Boost Industrial Developments
April 18, 2023
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Gov. Tina Kotek signed the Oregon CHIPS Act into law on April 13 after the bill was approved by state legislators, which would allow the governor to authorize funds in rural regions of Oregon for industrial developments. “This bill is an absolutely essential tool for leading a coordinated effort with the private sector to ensure we can…
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