Joe Biden News

Joe Biden on Wednesday signed an executive order that will prohibit some new US investment in China in sensitive technologies like computer chips and require government notification in other tech sectors. The long-awaited order authorizes the US Treasury secretary to prohibit or restrict US investments in Chinese entities in three sectors: semiconductors and microelectronics, quantum information technologies and certain artificial intelligence systems.

Climate change exacerbated by fossil fuel use is increasing and the intensity of such extreme weather events has increased, reported Reuters. Scientists have warned government officials that fuel related emissions need to be slashed in order to prevent climate catastrophe.

Gold prices hovered near one-month lows on Thursday, as investors braced for the make-or-break U.S. inflation data that would shape the Federal Reserve's upcoming interest rate decisions. FUNDAMENTALS * Spot gold was steady at $1,916.19 per ounce by 0123 GMT, a few dollars away from its lowest level since July 10 hit on Wednesday.

Federal Reserve's monetary policy path. The announcement of a U.S. ban on investments in sensitive technologies in the world's second-largest economy also weighed on sentiment.

Joe Biden on Wednesday signed an executive order to ban some new US investments in China like computer chips, leading to the requirement of government notification in other tech sectors, according to a report published by Reuters. The long-awaited order has restricted the US investments in Chinese entities in three sectors — semiconductors and microelectronics, quantum information technologies and certain artificial intelligence systems.

By Andrea Shalal and Karen Freifeld

By Karen Freifeld and David Shepardson

Americans are so worried about Social Security running out of money, they are giving up their full retirement benefits.

As climate change ratchets up temperatures across the U.S., millions of the poorest Americans grapple with enduring perilous heat or paying costly air conditioning bills

Electric bus, van and truck maker Proterra says it is seeking Chapter 11 bankruptcy protection from a federal court in Delaware

President Joe Biden says his policies of financial and tax incentives have revived U.S. manufacturing

semiconductor subsidy funding in a bid to boost the country's competitiveness with China's science and technology efforts. The White House is marking the one-year anniversary on Wednesday of President Joe Biden's signing of the landmark «Chips for America» legislation providing $52.7 billion in subsidies for US semiconductor production, research and workforce development.

The inaugural chairman of the $15 billion National Reconstruction Fund, Labor’s primary vehicle to reboot domestic manufacturing, says he aims to lure back investment dollars that would otherwise flow to Joe Biden’s vast clean industry program.

ALBUQUERQUE (Reuters) — President Joe Biden will take his economic pitch to New Mexico on Wednesday with remarks at the groundbreaking of an Arcosa (NYSE:ACA) wind tower manufacturing facility at which the White House said he will highlight a U.S. clean energy and manufacturing boom.

By Nichola Groom and Valerie Volcovici

Ukraine would be one of the top topics of discussion during the G-20 Summit in New Delhi next month, a senior official of the US has said. Leaders of G-20 nations, including US President Joe Biden, are scheduled to attend the G-20 summit hosted by India in New Delhi from September 9 to 10. «In all of our conversations with allies and partners around the world, we continue to discuss the war in Ukraine.

Foxconn, the world’s largest contract manufacturer. This year the Taiwanese giant has built or expanded factories in India, Mexico, Thailand and Vietnam. The Chinese production sites once beloved by Western companies are firmly out of fashion.

White House on Wednesday will detail its plans to prohibit some USA investments in sensitive technology in China, and require that the government be notified of other investments, a senior government source told Reuters. The plans are aimed at preventing USA capital and expertise from helping develop technologies that could support China's military modernization and threaten USA national security. Reuters reported on Friday that President Joe Biden was expected to issue a long-awaited executive order to screen outbound investments in sensitive technologies to China this week. The senior government source said that the order is expected Wednesday. The White House declined to comment on Tuesday. Biden administration officials have stressed for months any restrictions on USA investment in China will be narrowly targeted.

World Trade Organization (WTO) on Tuesday said that two separate dispute settlement panels have stated that India and the US have mutually resolved disputes with regard to certain measures on steel and aluminium products, and additional duties on certain products from the US. On July 13, the two countries notified that they had reached a mutually agreed solution to the matters raised in the two disputes.

By Nandita Bose and Trevor Hunnicutt

By Jarrett Renshaw