said it was planning to invest $40 billion through the end of the decade and create as many as 40,000 jobs in what it called the largest-ever investment in U.S. memory chip manufacturing. Micron said it'll use grants and credits made possible by the CHIPS and Science Act and begin production in the second half of the decade. The Boise, Idaho company said it will grow domestic production of memory from less than 2% to up to 10% of the global market.

On Monday, the Dow Jones Industrial Average DJIA rose 29 points, or 0.09%, to 32833, the S&P 500 SPX declined 5 points, or 0.12%, to 4140, and the Nasdaq Composite COMP dropped 13 points, or 0.1%, to 12644. The Nasdaq Composite is up 18.8% from its 2022 low touched in mid-June, but remains down 19.2% for the...

Eric Trump said FBI agents “ransacked” his father’s office and broke into a safe during a raid of the former president’s Mar-a-Lago estate.

In a Monday night interview with Fox News’ Sean Hannity, the younger Trump said he was the one who alerted Donald Trump about the FBI’s unannounced search of the Florida property earlier in the day.

“I...

Muenchener Rueckversicherungs-Gesellschaft AG said Tuesday that profit and premiums in the second quarter beat expectations, though losses increased and the cooling economy and higher rates hit its return on investment.

The German reinsurer reported net profit of 768 million euros ($783 million) in the three months to the end of June, down from EUR1.11 billion a year earlier.

Google’s search engine experienced a rare outage Monday night.

Google Search inquiries generated an error message for many people around the world, from the U.S. to the U.K. to Singapore, according to data from DownDetector.

Users saw either a 500 or 502 error message. “The server encountered an error and could not complete your request,”...

LONDON (Project Syndicate)— Do you believe in fairy tales? If so, you could probably earn good money nowadays as a financial trader or gain power and prestige as a central banker.

While annual inflation in the United States, the eurozone, and the United Kingdom has soared to 40-year highs and will probably hit double digits after the summer, financial markets and central banks seem confident that the war against surging prices will be over by Christmas and that interest rates will start falling by next spring.

Democrats’ Inflation Reduction Act is heading to the House of Representatives for a vote on Friday after clearing the Senate this past weekend, and with it, some big changes to key sectors of the U.S. economy.

The measure, while a shrunken version of President Joe Biden’s Build Back Better proposal, would pump billions of dollars into climate and healthcare programs, while levying new taxes on big companies and stock SPX,

TOKYO — Asian shares mostly gained Tuesday amid a global fall in technology shares, including Japan’s SoftBank, which has reported hefty losses caused by the market downturn.

Such worries are coming on top of concerns about inflation and what central banks might do to curb that trend. Higher interest rates tend to work as a minus for share prices.

Shares...

Democrats’ Inflation Reduction Act is heading to the House of Representatives for a vote on Friday after clearing the Senate this past weekend, and with it, some big changes to key sectors of the U.S. economy.

The measure, while a shrunken version of President Joe Biden’s Build Back Better proposal, would pump billions of dollars into climate and healthcare programs, while levying new taxes on big companies and stock SPX,

LONDON (Project Syndicate)— Do you believe in fairy tales? If so, you could probably earn good money nowadays as a financial trader or gain power and prestige as a central banker.

While annual inflation in the United States, the eurozone, and the United Kingdom has soared to 40-year highs and will probably hit double digits after the summer, financial markets and central banks seem confident that the war against surging prices will be over by Christmas and that interest rates will start falling by next spring.

Google’s search engine experienced a rare outage Monday night.

Google Search inquiries generated an error message for many people around the world, from the U.S. to the U.K. to Singapore, according to data from DownDetector.

Users saw either a 500 or 502 error message. “The server encountered an error and could not complete your request,” the message read.

Friday’s jobs report showed surprising strength in the labor market, but there are signs that all may not be well for all workers.

Quitting in low-wage sectors such as retail, leisure and hospitality is slowing down, said Nick Bunker, an economist at Indeed Hiring Lab. 

That means people working in those sectors probably have less bargaining power than before, he told MarketWatch.

Whenever the Federal Reserve starts to tighten financial conditions, markets try to guess how far the central bank will go.

In fact, now in an era when it is providing its estimates of future policy in a framework known as “the dots,” the Fed itself is providing guidance on where the fed funds rate will land. For 2023 and 2024, the median rate is seen by policy-setting FOMC members at 3.375%; one expects 4.375% in 2023.

Both prospective home buyers and sellers are backing off from the U.S. housing market, a new survey shows.

Their anxiety over higher mortgage rates and a softening market was registered by the Fannie Mae Home Purchase Sentiment Index FNMA,

Under the special skills section of résumés many people include abilities like public speaking, problem solving, ability to work in a team, and of course expertise at Microsoft Excel.

Job seekers may soon want to add another skill: sleeping.

Mattress company Casper Sleep Inc. is hiring people — “Sleepers” — to test their products in a new one-of-kind job listing.

NEW YORK—Senate Democrats’ compromise bill, the Inflation Reduction Act (IRA) of 2022, addresses not just inflation but also several key longstanding problems facing our economy and society.

There is a simmering debate about the causes of today’s inflation; but regardless of what side one takes, this bill represents a step forward. For those worried about excessive demand, there is more than $300 billion in deficit reduction.

These massive shipping disruptions have exposed the disadvantages of the popular just-in-time practice for managing inventory.

By keeping as little of the materials needed to make their products on hand, companies become more vulnerable to shortages and transportation snafus. And when manufacturers are unable to make their products quickly, shortages occur and prices surge.

This approach, especially when it involves the reliance on far-flung suppliers, has left businesses much more susceptible to market shocks.

 said Monday it will no longer require vaccinated guests at least 12 years old to show a negative COVID test, or to undertake any COVID-19–related pre-boarding protocols. Meanwhile, unvaccinated guests at least 12 years old will still have to show a negative PCR or antigen test no more than three days before they board. The cruise operator’s moves come after the Centers for Disease Control and Prevention said in July that its COVID-19 Program for Cruise Ships was no longer in effect, and that COVID-19 protocols were up to individual companies. Carnival Corp.  CCL,

WASHINGTON — Former President Donald Trump said in a lengthy statement Monday that the FBI was conducting a search of his Mar-a-Lago estate and asserted that agents had broken open a safe. A person familiar with the matter said the action was related to a probe of whether Trump had taken classified records from his White House tenure to his Florida residence.

President Joe Biden is predicting Democrats’ big healthcare, climate and tax bill will give the party a boost in the November elections.

“Do I expect it to help?” Biden said Monday morning as he headed to survey flood damage in Kentucky. “Yes, I do. It’s going to immediately help.” He discussed provisions including a $2,000 cap for seniors on prescription drug costs and also acknowledged that some of the bill won’t “kick in for a little bit.”

While in high demand and short supply for the first two years of the pandemic, Nvidia Corp.’s gaming cards have been hit by declines in three separate pandemic booms in 2022: Personal-computer sales, videogames and cryptocurrency.

Nvidia NVDA,

In an unsigned statement issued separately from financial results, Novavax executives said that the adjustment was made “to account for several evolving market dynamics.”

“We remain confident in our vaccine as a strong additional choice,” executives stated. “Its competitive product profile includes our vaccine’s efficacy, well-tolerated safety profile, durability of protection and ability to address both current and future variant strains.”

“In Q3, we are already making tremendous progress,” the statement continued. “We have shipped over 23 million doses since the beginning of July and, while in some cases delivery timing may be pushed into 2023, we do not expect total contracted demand to change under the majority of our Advance Purchase Agreements.”

For the second quarter, Novavax reported a loss of $510.5 million, or $6.53 a share, down from a loss of $4.75 a share a year ago, on sales of $185.9 million, down from $298 million last year. Analysts...

WASHINGTON — Former President Donald Trump said in a lengthy statement Monday that the FBI was conducting a search of his Mar-a-Lago estate.

The circumstances were not immediately clear. Spokespeople for the FBI and the Justice Department did not return messages seeking comment Monday evening.

WASHINGTON — Former President Donald Trump said in a lengthy statement Monday that the FBI was conducting a search of his Mar-a-Lago estate.

The circumstances were not immediately clear. Spokespeople for the FBI and the Justice Department did not return messages seeking comment Monday evening.

BlackRock, the world’s largest asset manager, likes investment-grade credit more than stocks as it sees “a new market regime with higher volatility taking shape,” according to a note Monday from strategists at the firm’s investment institute.

Investment-grade credit can “weather a significant growth slowdown whereas equities don’t look priced for this risk,” the strategists said in the note. “Yields look more attractive than at the start of the year,” they said, “making for improved valuations and a larger cushion against defaults.”