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Chips and Science Act — but their persistent failure to unite behind common-sense, bipartisan reforms to bring more skilled immigrants to the US puts this notable achievement in jeopardy. Congress passed the law in 2022 to revive domestic semiconductor manufacturing and reduce dependence on fabrication plants in East Asia. On paper, the initiative is already a success: Nearly $30 billion in subsidies and $25 billion in loans have been awarded, supporting investments of roughly $350 billion. One industry-sponsored study expects US chipmaking capacity to triple by 2032, with output of advanced logic chips rising from zero in 2022 to 28% of global production. To build and run those fabs, however, companies need workers the US doesn’t have. Shortages of skilled installers of hyper-precise chipmaking equipment have already delayed projects. The number of Americans studying in relevant graduate programs has been flat for 30 years. A third of current fab workers are 55 and older, and more than half say they’re eager to quit. The Semiconductor Industry Association says chipmakers will face a shortfall of 67,000 skilled workers by 2030.

₹25,000 crore) for the rights to broadcast International Cricket Council (ICC) events in India between 2023 and 2027. It has since followed a strategy of broadcasting marquee events such as the 2023 World Cup and the ongoing T20 World Cup free online, relying on advertisement revenues. Disney+Hotstar did execute a deal for around $1.4 billion with Zee Entertainment Enterprises Ltd, which was to take over the TV broadcasting rights.

Japan has never seen so many tourists flood into the country so quickly. The yen’s historic collapse, meaning a cheaper traveling experience for those with tourist dollars to spend, coupled with the post-pandemic surge in global tourism, has sparked interest in the nation like never before. More than 14.5 million people arrived in the country in the first five months of this year, according to the Japan National Tourism Organization’s latest figures. That’s 70% up on the same period last year, and on track to beat 2019’s record 31 million visitors.

player survey has revealed that the T20 World Cup is closing the gap in the race to become the «most important» ICC event to players around the world, marking a shift from the dominance of the ODI World Cup. According to a survey conducted by the World Cricketers Association (WCA), formerly FICA, an overwhelming 85 percent of players viewed the 50-over World Cup as the most important in 2019, compared to 15 percent for the T20 World Cup. In 2024 however, those figures have changed with 50 percent of the players considering the ODI showpiece as the most important and 35 percent favouring its T20 equivalent. The ongoing edition of the T20 World Cup, jointly hosted by the USA and West Indies, will conclude with the title clash between India and South Africa in Barbados on Saturday.

Stocks drifted lower on Wall Street, erasing the S&P 500’s gains for the week

The city of Detroit has agreed to pay $300,000 to a man who was wrongly accused of shoplifting

Donald Trump's warning during his debate with Joe Biden that immigrants are taking “Black jobs" and “Hispanic jobs” prompted outrage from Democrats and Black leaders who found the language vague and racially discriminatory

small-cap segments underperformed. During the June month, as many as 187 BSE500 stocks have delivered double digit weekly returns with four of them offering over 40% returns.

The IPOs of Emcure Pharmaceuticals, in which shark tank fame Namita Thapar is the Executive Director and Bansal Wire will open for subscription next week in the mainboard segment, while Ambey Laboratories is the sole SME issue.

Bitcoin traded with weakness on Thursday amid selling pressure though it managed to hold on above the $60,000 mark. World’s most expensive crypto asset was in a consolidation mode as inflows in BTC ETF’s salvaged some pride. It was trading at $60,659.83 around 12 pm India time, down by 1.5%. Other major crypto coins also traded with a negative bias. Among them were Etehreum, BNB, Solana, XRP and Dogecoin, Cardano and Shiba Inu which were down by up to 4% around this time.

Panamanian court has acquitted 28 people charged with money-laundering under cases linked to the Panama Papers and "Operation Car Wash" scandals, the country's judicial branch said in a statement on Friday. It did not provide names of the people who were acquitted. Judge Baloisa Marquinez ordered that precautionary measures be lifted against all the defendants, and said one criminal process was now canceled due to the death of an unnamed defendant.

Chris Gayle is not willing to «write off» «special» player Virat Kohli despite his struggling form in the T20 World Cup. Kohli has been chasing the shadows of the player that he used to be for the Royal Challengers Bengaluru in the Indian Premier League 2024. Since touching down in the USA and the West Indies for the marquee event, Kohli has been searching for runs from his bat throughout the ongoing edition of the marquee event.

analysts. These stocks are expected to return between 15% and 31% as per analysts’ price targets. Inox Wind

Boeing Co. is in talks with the US Justice Department to resolve potential charges stemming from two fatal crashes of its 737 Max jetliners, according to people familiar with the negotiations. The settlement could be announced as soon as next week and is expected to include imposing a corporate monitor on the world’s second-largest planemaker, according to the people, who asked not to be identified disclosing confidential discussions. DOJ prosecutors want to bring charges against Boeing, but it isn’t clear if the company will agree to plead guilty, the people said. The talks center on the 2021 deferred-prosecution agreement struck between Boeing and the DOJ in the waning days of the Trump Administration, after two crashes that killed 346 people. Some family members of the victims have urged the government to file criminal charges, which could help them bring lawsuits against the company.

₹1.75 lakh (the total savings at the time of its six founders)—was not even a speck on the global IT firmament back then. India was still two decades away from being accepted as the IT services capital of the world. Notwithstanding a bold new policy announced by the Rajiv Gandhi-led government in 1984, which enabled the import of technology for making personal computers in the country, the domestic PC market was minuscule in size, with any real progress hamstrung by opposition from powerful unions in sectors like banking.

MUMBAI: The US-based Fidelity Investments’ funds have offloaded shares in HCL Technologies worth 1,788.27 crore in a block deal on NSE Friday. More than 1.24 crore shares were sold at 1,440.5 each, amounting to 0.46% of the total shares of the company. ICICI Prudential Mutual Fund was the single largest buyer at 1,001 crore, followed by Morgan Stanley Asia Singapore PTE and Citigroup Global Markets Mauritius fund. Shares of HCL Technologies closed 0.42% up on NSE at 1,461 Friday.

JP Morgan bond index got off to a muted start with a lower-than-expected quantum of foreign flows on Friday, belying expectations of an immediate deluge. Bankers, including a top executive at the US bank, said however that overseas investment worth billions will steadily be pumped into the debt market of the world's fastest-growing major economy. Indian bonds debuted in JP Morgan's GBI-EM global index suite on Friday, with the country expected to reach a maximum weight of 10% in the GBI-EM Global Diversified Index over a 10-month period. JP Morgan's analysts expect foreign investment worth $20-25 billion to flow to the local bond market from the move.

Israel large numbers of munitions, including more than 10,000 highly destructive 2,000-pound bombs and thousands of Hellfire missiles, since the start of the war in Gaza, said two U.S. officials briefed on an updated list of weapons shipments. Between the war's start last October and recent days, the United States has transferred at least 14,000 of the MK-84 2,000-pound bombs, 6,500 500-pound bombs, 3,000 Hellfire precision-guided air-to-ground missiles, 1,000 bunker-buster bombs, 2,600 air-dropped small-diameter bombs, and other munitions, according to the officials, who were not authorized to speak publicly. While the officials didn't give a timeline for the shipments, the totals suggest there has been no significant drop-off in U.S. military support for its ally, despite international calls to limit weapons supplies and a recent administration decision to pause a shipment of powerful bombs.

The FOMO (fear of missing out) is absolutely palpable as the Kai Cat Coin presale nears an end Thursday and the Ethereum meme AI liquidity coin launches to Uniswap then other crypto exchanges. Laptop capitalists looking for 10x altcoin potential are aping into the cat meme coin together to round out their bags for Q3– because the meme coin sector is on fire this year.

NASA astronauts who are struck on a Boeing Star liner aircraft will return by July 20. They have travelled to the International Space Station (ISS). This aircraft can spend only up to 45 days docked to the ISS. Their lift-off was on June 5. There are two astronauts on board this aircraft. Sunita Williams and Butch Willmore were scheduled to stay for a week but the stay was extended due to certain helium leaks and thruster problems. NASA is also experimenting with various US private agencies to launch their astronauts so as to cut down their reliance on the Russians. This has been reported by Fox News.