Author: Press Room
In our previous assessment of Lattice Semiconductor Corporation (NASDAQ:LSCC), we delved into the remarkable upsurge of the company’s growth in 2022, which surged at an impressive 28.1%, fuelled by robust performances in the Communications & Computing (26.1%) and Industrial & Automotive (41.2%) segments, where Lattice expanded its product portfolio and increased its competitiveness. We believed these factors enabled the company to edge out other competitors. Additionally, our analysis indicated its growth was supported by the rising use of low-power FPGAs in EVs. In this latest analysis, we focused on Lattice’s latest FPGA developments that could drive growth beyond 2024. Firstly,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US senators passed a $1.2tn spending bill in the early hours of Saturday morning to avert a partial government shutdown, capping a budgetary stand-off that threatened to close non-essential operations of some federal agencies.The bill’s progress in the upper chamber of Congress, which is controlled by Democrats, followed a tumultuous passage of the legislation in the House of Representatives, which is led by Republicans, on Friday. The agreement was welcomed by President Joe Biden, who signed the bill on Saturday. Although the…
President Joe Biden on Saturday signed into law the $1.2 trillion legislation that completes the funding of federal agencies through the fiscal year, which ends September 30. The House passed the package on Friday, and the Senate passed it early Saturday morning. The bill addresses a slate of critical government operations, including the departments of Defense, Homeland Security, Labor, Health and Human Services, Education, State and the legislative branch. Biden — who had the bill delivered to him in Wilmington, Delaware, Saturday — said in a statement that while the package is a “compromise,” it is “good news for the American people.” “This…
© Reuters. United Airlines planes are parked at their gates at O’Hare International Airport ahead of the Thanksgiving holiday in Chicago, Illinois, U.S., November 20, 2021. REUTERS/Brendan McDermid (Reuters) -The U.S. Federal Aviation Administration is considering measures to curb growth at United Airlines, including preventing the carrier from adding new routes, following a series of safety incidents, Bloomberg News reported on Saturday. The regulator has discussed temporary actions it may take with the airline’s leadership in recent days, Bloomberg said, citing people with knowledge of the matter. United also may be barred from flying paying customers on newly delivered aircraft,…
By Jonathan Saul and Timothy Gardner LONDON/WASHINGTON (Reuters) -Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks after the United States ramped up sanctions enforcement on ships linked to those registries, according to shipping data and interviews with industry and government officials. The shift reflects the close relationship between the U.S. and the flag administration companies of Liberia and the Marshall Islands, which are headquartered not in their home countries, but in Virginia, just miles from Washington D.C. and within the jurisdiction of U.S. sanctions enforcement. The heavy past…
Investing.com – The U.S. dollar rose sharply in European trade Friday, after the surprise cut by the Swiss National Bank cast the Federal Reserve in a more hawkish light. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.4% higher at 104.085, near a three-week high and on track for a second week of gains. U.S. economy on solid footing The delivered the biggest surprise of a week filled with central bank meetings, cutting interest rates and citing the strength of the franc as a reason. The Swiss franc,…
By Makiko Yamazaki, Scott Murdoch and Kane Wu TOKYO/SYDNEY/HONG KONG (Reuters) – Japan Inc’s pursuit of overseas deals is set to accelerate as the country’s corporate giants come under pressure to boost capital efficiency and the central bank moves towards ditching policies that depressed the currency. A growing number of Bank of Japan policymakers are warming to the idea of rising interest rates when they meet March 18-19, and while rate increases are widely expected to be incremental, the change would boost the yen and deal prospects, bankers and lawyers said. A stronger yen, which has gained about 1% against…
Any estate planning lawyer who drafts wills, trusts, powers of attorney and healthcare directives would tell you something frustrating: some clients won’t sign anything the lawyer prepared. This issue is not limited to adult children of aging parents. It affects solo agers and married couples as well. In a recent conversation at AgingParents.com with an elderly wife (EW), she told me about this herself. She contacted us because she and her husband are both over 70 and she was worried. He was diagnosed with Alzheimer’s disease several years ago. They have no kids. She saw a lawyer who drew up…
Mortgage rates hit a new high this week, but the slow crawl to 7% has not dampened home building or the expectation that borrowing costs will fall this year, according to Freddie Mac. The average 30-year fixed-rate mortgage was 6.82% for the week ending March 21, according to Freddie Mac’s latest Primary Mortgage Market Survey. That’s an increase from the previous week when it averaged 6.74%. A year ago, the 30-year fixed-rate mortgage averaged 6.42%. The average rate for a 15-year mortgage was 6.21%, up from 6.16% last week and up from 5.68% last year. Yesterday’s Federal Reserve meeting gave little…
President Biden announced Thursday that $5.8 billion in student loans would be “canceled” for 78,000 borrowers working in the public sector, bringing his administration’s total student debt write-offs to $143.6 billion. Biden pledged to find other avenues for tackling debt relief last year after the Supreme Court in June blocked his broader plan to cancel $430 billion in student loan debt, deeming it unconstitutional.Republicans have often criticized student debt cancellation plans, noting that the loans will be transferred to taxpayers who will ultimately end up footing the bill. BIDEN ANNOUNCES PLAN TO BAIL OUT STUDENTS FOR LOAN DEBTS UNDER $12K The latest…
