Mohini Barman

The U.S. government has approved a $50 billion investment package to strengthen domestic semiconductor manufacturing. The initiative comes amid rising global demand and increasing dependence on Asian suppliers. The “Chips for America” Act will provide incentives for companies to set up fabrication plants across several states. Intel, TSMC, and Samsung have already announced major projects under this plan. According to President Joe Biden, the move is essential for maintaining technological leadership and reducing supply chain vulnerabilities exposed during the pandemic. Economists say it could create over 100,000 high-tech jobs within the next five years. Asian nations like India and Bangladesh,…

The upcoming 2025 U.S. presidential election is shaping up to be one of the most closely contested in recent history. Early national polls show both the Democratic and Republican nominees running neck and neck, with less than a two-point difference in voter support. Economic uncertainty, immigration policy, and healthcare reforms are among the major issues dominating voter sentiment. Political analysts believe that younger voters and suburban women could decide the outcome, as both parties ramp up digital outreach and local campaigning. The Democrats are focusing on protecting democracy and climate policy, while the Republicans are promising stricter border controls and…

The U.S. inflation rate fell to 3.1% in September, the lowest in more than two years, signaling a possible end to the Federal Reserve’s aggressive rate hikes. Energy and housing costs, major inflation drivers, saw modest declines, while food prices remained stable. Economists suggest that if the trend continues, the Fed may announce a rate cut early next year. President Joe Biden welcomed the news, calling it “a sign that our recovery is strong and steady.” However, analysts warn that lingering global uncertainties — including Middle East tensions and Chinese market instability — could still impact long-term stability. The Dow…

The latest US Labor Department data shows inflation easing to 3.2% in September, marking a slight decline from August’s 3.4%. This moderation has fueled optimism that the Federal Reserve may soon consider reducing its benchmark interest rates, which have remained high since 2023. Food and housing costs continue to rise, but energy and transportation prices have seen noticeable declines. Economists say this trend indicates that the US economy is stabilizing after a turbulent two years marked by pandemic-related disruptions and global conflicts affecting supply chains. Federal Reserve Chair Jerome Powell stated that the inflation trend “is moving in the right…