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Inflation data ‘cements need’ for August rate hike – BNZ
In a week when the odds had already shifted to an August hike for the official cash rate, today’s Consumer’s Price Index (CPI) appears to…
U.S. quarterly auto sales jump on strong SUV demand, shift to EVs
(Reuters) -U.S. automakers on Thursday reported a sharp rise in quarterly sales on strong demand for SUVs and pointed to the trend continuing into 2022,…
U.S. chip funding could result in seven to 10 new factories -officials
MANASSAS, Va. (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Monday a proposed $52 billion boost in U.S. government funding for semiconductor production and…
Dogecoin surges to record high, up almost 300% in a week
(Reuters) – The Dogecoin cryptocurrency surged more than 90% to a record high on Friday, putting its gain for the week at almost 300%. The…
Biden kicks off effort to reshape U.S. economy with infrastructure package
(Reuters) – President Joe Biden on Wednesday will call for a dramatic and more permanent shift in the direction of the U.S. economy with a…
Business Insider: Could this be Auckland’s next mayor?
Stay up-to-date with The Insider, a weekly column featuring what’s happening behind the scenes in business. Mayoral ambitions The next local election is still around…
America’s Cup 2021: The Secret Sailor – Why Auckland regatta was a letdown and Team NZ’s new rule change won’t matter
The Secret Sailor is an internationally-acclaimed yachtie with a strong history in the America’s Cup. OPINION: The America’s Cup is over and the outcome –…
Global semiconductor shortage spurs run on vintage chipmaking tools
(Reuters) – Minnesota-based Polar Semiconductor makes chips for automakers and is booked beyond capacity. But expanding production lines to help solve a chip shortage that…
Thyssenkrupp ends talks with UK's Liberty on steel unit sale
FRANKFURT (Reuters) – German conglomerate Thyssenkrupp ended talks to sell its steel division to Britain’s Liberty Steel due to differences over value, the latest setback…