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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 21, 2024
Page
9
U S stocks rally as Fed officials keep rates unchanged for a fifth straight meeting. Powell says January and February inflation won’t alter the plan of three cuts this year with inflation cooling gradually.
The SEC adopted a watered down rule forcing U S listed companies to report greenhouse gas emissions and climate risks with scope 3 indirect emissions largely cut. States chambers and environmental groups sue, arguing the rule limits investor info and exceeds agency authority while court pauses await challenges.
President Biden announced up to 8.5 billion dollars in direct funding and 11 billion in loans for Intel chip plants in Arizona and other states including Ohio Oregon and New Mexico. Commerce Secretary Raimondo said the plan aims to produce 20 percent of the world’s advanced chips by 2030. Biden spoke at Intel’s Ocotillo campus in Chandler Arizona noting the future returning to America.
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