signal

European industry pivots to US as Biden grant sends 'dangerous signal'

European industry pivots to US as Biden grant sends ‘dangerous signal’

Northvolt, Europe’s great hope in the global battery wars, started life as a continent-centric start-up. From now on, the Swedish group, supported by Volkswagen, BMW and Goldman Sachs, is turning to the United States to develop its production. The reason for the pivot is the Inflation Reduction Act (IRA). Landmark U.S. green technology legislation, signed …

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Futures Rise On 2 Tech Giants;  Recession signal intensifies

Futures Rise On 2 Tech Giants; Recession signal intensifies

Dow Jones futures rose slightly overnight, as did S&P 500 and Nasdaq futures, with profits from Nvidia and Cisco leading the way. X The stock market recovery has retreated amid weakness Target (TGT) revenue and vacation forecasts, as well as Micron Technology (MU) cutting memory chip production plans. The bond market is showing greater recession …

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