U.S. gov’t seizes $7.4 billion semiconductor research fund created under Biden admin, calling it ‘illegal’ | Lutnick says fund ‘served as a semiconductor slush fund that did nothing but line the pockets of Biden loyalists with American tax dollars’

Despite allusions to nepotism and corruption, the Commerce Department hasn’t made clear what it wants to do with the newly clawed-back funds. The U.S. Commerce Department has seized control of a $7.4 billion semiconductor research fund from the National Center …

READ MORE

Enjoy the final weeks of elevated equity prices and narrow credit spreads, before a reversion to the mean. The cattle buying up here will be served during XMAS lunch.

Enjoy the final weeks of elevated equity prices and narrow credit spreads, before a reversion to the mean. Only a miracle can fix this chart. pic.twitter.com/bS0iiblkmg — Guilherme Tavares (@i3_invest) December 2, 2024 The Monday after Thanksgiving in 2021 was …

READ MORE