President Trump has called on Congress to repeal the CHIPS and Science Act (the CHIPS Act), a law that provides funding to boost domestic production and research of semiconductors. Heather Boushey, former member of the White House Council of Economic Advisers, elaborates on the importance of the CHIPS Act and government subsidies. She explains subsidies are essential for ensuring national and economic security, emphasizing the need for investment in semiconductor manufacturing to prevent vulnerabilities. "This is so important because … the end goal is national security, but it’s also economic security and equitable growth, good jobs in communities across the country," Boushey tells Catalysts host Madison Mills and Threadneedle Ventures founder Ann Berry. Boushey stresses the importance of federal grants, loans, and R&D in supporting startups, warning that cutting these resources would harm innovation. She notes the impact of individuals like Elon Musk, who have benefitted from government support in the past but now seem to disregard it. "I worry for all of the kids in college and the early entrepreneurs that are not going to be able to access those same kinds of community investments that earlier startups were able to do," she adds.
President Trump has called on Congress to repeal the CHIPS and Science Act (the CHIPS Act), a law that provides funding to boost domestic production and research of semiconductors. Heather Boushey, former member of the White House Council of Economic Advisers, elaborates on the importance of the CHIPS Act and government subsidies. She explains subsidies are essential for ensuring national and economic security, emphasizing the need for investment in semiconductor manufacturing to prevent vulnerabilities. "This is so important because … the end goal is national security, but it’s also economic security and equitable growth, good jobs in communities across the country," Boushey tells Catalysts host Madison Mills and Threadneedle Ventures founder Ann Berry. Boushey stresses the importance of federal grants, loans, and R&D in supporting startups, warning that cutting these resources would harm innovation. She notes the impact of individuals like Elon Musk, who have benefitted from government support in the past but now seem to disregard it. "I worry for all of the kids in college and the early entrepreneurs that are not going to be able to access those same kinds of community investments that earlier startups were able to do," she adds.
February’s Consumer Price Index (CPI) will be released on Wednesday, followed by the Producer Price Index (PPI) on Thursday. Ahead of this upcoming inflation data, Yahoo Finance Markets and Data Editor and Stocks in Translation host Jared Blikre examines how US stocks (^DJI, ^GSPC, ^IXIC) have historically responded to these economic data releases. Check out more Stocks in Translation here, with new episodes every Tuesday and Thursday.
Volatility driven by policy uncertainty is a pressing concern for investors. In light of this, financial strategists continue to emphasize how to best manage investment risk. Schwab Asset Management CEO and chief investment officer Omar Aguilar joins Catalysts host Madison Mills to share his insights on how investors can navigate this unpredictable market. "Uncertainty will stay with us for the foreseeable future," Aguilar says. "There’s still going to be significant levels of volatility because of the uncertainty that we are experiencing already." He suggests that investors focus on reducing risk in the short term. Additionally, he advises, "If you didn’t have enough international stocks, this is an opportunity for you to rebalance your strategy and go and invest internationally."
Next, Chris Whalen, Whalen Global Advisors Chairman joins Yahoo Finance anchor Madison Mills to discuss the state of the financial sector seeing their worst week since the collapse of Silicon Valley bank. Whalen weighs in on risks, saying, ‘Banks have to be bigger today,’ and ‘That is why we are seeing more consolidation… most banks shouldn’t own mortgage-backed securities.’ ‘The Main Street bank is going to have to evolve more,’ Whalen says.
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