Business

Inflation Holds Roughly Steady Ahead of Fed Meeting
Business

Inflation Holds Roughly Steady Ahead of Fed Meeting

Inflation data released on Tuesday showed that price increases remained moderate in November, the latest sign that inflation has cooled substantially from its June 2022 peak. That’s likely to keep the Federal Reserve on track to leave interest rates unchanged at its final meeting of the year, which takes place this week.The Consumer Price Index came out just hours before the Fed began its two-day gathering, which will conclude with the release of an interest rate decision and a fresh set of quarterly economic projections at 2 p.m. on Wednesday. Jerome H. Powell, the Fed chair, is then scheduled to hold a news conference.Central bankers have embraced a recent slowdown in price increases, and Tuesday’s data largely suggested that inflation remains lower than earlier this year. Overall inflat...
The Nation Magazine to Become Monthly
Business

The Nation Magazine to Become Monthly

The Nation, the progressive magazine that has published since 1865, will publish monthly instead of every other week starting in January.As part of the change, the magazine will now be a “bigger, richer” 84 pages, instead of the current 48 pages, Bhaskar Sunkara, the president of The Nation, said.D.D. Guttenplan, The Nation’s editor, and Katrina vanden Heuvel, its editorial director, said that the publication would continue to focus on long-form analysis and news from the political left. Ms. vanden Heuvel said that the staff was reconsidering the role the print magazine plays alongside the brand’s other products, including its website, podcasts, events and a possible book imprint — and that the coverage in print had a long shelf life.“People put aside magazines, circle what they want to re...
New York Plans to Invest  Billion to Expand Chip Research
Business

New York Plans to Invest $1 Billion to Expand Chip Research

Gov. Kathy Hochul of New York is expected to announce on Monday a plan to invest $1 billion to expand chip research activities in Albany, N.Y., as the state aims to continue as a global semiconductor center.The plan is expected to create 700 new permanent jobs and retain thousands more, and includes the purchase of new version of one of the world’s most expensive and sophisticated manufacturing machines, along with constructing a new building to house it.The initiative should draw $9 billion in additional investments from chip-related companies, according to state officials. They expect it to boost New York’s chances to be selected to host a new National Semiconductor Technology Center, a planned centerpiece of the research portion of federal money that Congress allocated in 2022 as part o...