President Biden will unveil his $2 trillion infrastructure plan today – here are the details
President Joe Biden will unveil a more than $2 trillion infrastructure and economic recovery package on Wednesday.The plan aims to revitalize U.S. transportation infrastructure, water systems, broadband and manufacturing, among other goals.An increase in the corporate tax rate to 28% and measures designed to prevent offshoring of profits will fund the spending, according to the White House.PresidentJoe Bidenwill unveil a more than $2 trillion infrastructure package on Wednesday as his administra
Micron earnings: Semiconductor shortage leads to heightened expectations
Earnings preview: Greater demand for memory chips during COVID-19 pandemic pushed Micron to increase its forecast. Micron Technology Inc. faces a heightened bar of its own making for the rest of the year, as widespread chip shortages push up prices for its core memory chips.Micron $$ is scheduled to report fiscal second-quarter earnings results after the close of markets Wednesday. The Boise, Idaho-based chip maker considerably raised its forecast for the second quarter earlier this month, sett
Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.
The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.Numbers will matter even more for richly valued, high-growth companies such as Tesla. Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors and Ford Motor have taken unexpected plant downtime recently and