Semiconductor shortage leaves U.S. lawmakers seeking elusive fix.
- Lawmakers hoping to revitalize U.S. semiconductor manufacturing in response to a global chip shortage will face near-term-challenges, even if Congress throws billions in cash subsidies at the problem.
- Purpose Investments reported its #Bitcoin exchange-traded fund had reached more than $421 million in assets under management after only two full days of trading.
- In the two equity market days following the retail sales report, markets didn’t respond much, likely knowing that it was the “free” money and not a strong underlying economy that was responsible for the retail sales jump.
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