Stocks Tumble as Inflation Concerns Resurface
Last Updated
This briefing has ended. Follow our latest coverage of
Here’s what you need to know:
Source: FactSet
By: Ella Koeze
Stocks fell around the world on Tuesday as traders remained unsettled by rising prices and the impact that could have on inflation.
But a rebound in technology stocks in afternoon trading softened the blow on Wall Street somewhat. The S&P 500 fell 0.9 percent, after having recovered from a decline of as much as 1.6 percent earlier. The tech-heavy Nasdaq ended the day only slightly lower, also having recovered from a sharp drop.
Auto Industry Asks US Congress to Fund its Computer Chip Needs albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
Auto sector urges U.S. Congress to help fund its computer chip needs
Published On
Auto sector urges U.S. Congress to help fund its computer chip needs
(Reuters) - The U.S. auto industry and United Auto Workers union on Friday urged Congress to tie billions of dollars in government funding to boost semiconductor production to help fill the needs of automakers forced to slash production because of chip shortages.
Congress should prioritize production of the semiconductors necessary to assemble vehicles here in the United States.
This will ensure that motor vehicle manufacturers have a fair share of chips needed to meet consumer demand, said the American Automotive Policy Council, Motor & Equipment Manufacturers Association and UAW on Friday in a joint statement.
Auto sector urges US Congress to help fund its computer chip needs
By: BNA
Photo: BNA
Washington: The US auto industry and United Auto Workers union on Friday urged Congress to tie billions of dollars in government funding to boost semiconductor production to help fill the needs of automakers forced to slash production because of chip shortages.
Congress should prioritise production of the semiconductors necessary to assemble vehicles here in the United States. This will ensure that motor vehicle manufacturers have a fair share of chips needed to meet consumer demand, said the American Automotive Policy Council, Motor & Equipment Manufacturers Association and UAW on Friday in a joint statement.
U S lawmakers should prioritize automotive chip needs -- industry reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.