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The final reading of U.S. durable goods orders in December was -1.4% month-on-month, compared with a previous reading of -1.40%.
U.S. factory orders excluding transportation rose 0.4% month-on-month in December, with the previous figure revised from 0.20% to 0.1%.
US factory orders fell 0.7% month-on-month in December, compared with an expected decline of 0.5% and a previous reading of 2.70%.
Naftogaz, Ukraine's state-owned gas company, says it has secured the first delivery of U.S. liquefied natural gas through Germany.
On February 23, US President Trump stated on social media that as president, he no longer needs to return to Congress for tariff approval. These tariffs have already been approved in various forms, and this has been the case for a long time. Moreover, even that absurd and flawed Supreme Court ruling reaffirmed this.
The EU has frozen its approval of a trade agreement with the US due to uncertainty surrounding Trump's tariffs.
US President Trump: Any country that tries to “play tricks” on the Supreme Court ruling will face higher tariffs and more serious consequences.
Two sources in the European Parliament said the European Parliament has agreed to postpone a vote on the EU-US trade agreement.
Eli Lilly (LLY.N) extended its gains to 4.6%.
Both WTI and Brent crude oil prices rose by 1.00% intraday, currently trading at $67.20 per barrel and $71.82 per barrel, respectively.
February 23 - According to foreign media reports, researchers at ASML (ASML.O) stated that they have found a way to increase the power of a key chip manufacturing equipment's light source, potentially boosting chip production by up to 50% by the end of this decade. ASML is the only company in the world that manufactures commercial extreme ultraviolet (EUV) lithography equipment, a crucial tool for chipmakers such as TSMC and Intel in producing advanced computing chips. Michael Purvis, ASML's chief technology officer for EUV lithography, stated in an interview, "This is not a gimmick, nor is it one of those tricks that can only be demonstrated for a very short time. The system can stably output 1000 watts of power while fully meeting the actual usage conditions of our customers."
Market news: ASML (ASML.O) reveals a major breakthrough, chip production may increase by 50% by 2030.
Market news: US President Trump plans to overhaul the job ratings of senior employees.
A senior U.S. State Department official said the U.S. has ordered the evacuation of non-emergency U.S. government personnel and eligible family members from the U.S. Embassy in Beirut.
Federal Reserve Governor Waller: I have never seen the economy grow like this without jobs.
Federal Reserve Governor Waller: I hope to see more investment beyond data centers.
Federal Reserve Governor Waller: Zero job growth does not appear to be a stable employment environment.
Federal Reserve Governor Waller: Artificial intelligence is drawing capital away from other uses, and we hope to see investment in other areas.
Federal Reserve Governor Waller: The bottleneck for artificial intelligence is energy, which is a problem that is emerging in many parts of the country.
Federal Reserve Governor Waller: The labor market appears to have a demand problem, rather than a supply problem.
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Apr 20, 2023 13:54