Apple iPhone Parts Shortage While iPhone Cuts Production For The December Quarter


NEW YORK (October 13, 2021)--There’s a heated debate on Wall Street on Wednesday over what to make of the recent Bloomberg report asserting that Apple has cut iPhone 13 production for the December quarter amid a shortage of components from both Broadcom and Texas Instruments. The story has Apple shares down about 1%, with deeper declines for some…

Young, Senate Finance Colleagues Urge Democrats to Abandon Proposal that Would Compromise Law-Abiding Americans’ Private Financial Information


WASHINGTON (September 29, 2021) — U.S. Senator Todd Young (R-Ind.), and all Republican members on the Senate finance and banking committees, sent a letter urging Senate Majority Leader Chuck Schumer (D-N.Y.) to abandon the Biden-Harris administration’s unprecedented proposal to expand the reporting of the private, confidential financial data of law-abiding Americans from financial institutions…

Committee On Banking, Housing and Urban Affairs To Vote On Nominations of Nelson, Rosenberg, Gordon, Uejio, and Greene Wednesday


CITY OF WASHINGTON (September 13, 2021)--- the Committee on Banking, Housing and Urban Affairs will meet Tuesday, September 15, 2021  in Executive Session to VOTE on the following nominations: Mr. Brian Eddie Nelson, of California, to be Under Secretary for Terrorism and Financial Crimes, Department of the Treasury; Ms. Elizabeth Rosenberg, of…

Producer Price Index for final Demand Increased 0.7 Percent In August, Largest In 1 Year


CITY OF WASHINGTON (September 10, 2021)---The Producer Price Index for final demand increased 0.7 percent in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices moved up 1.0 percent in July, the same as in June. (See table A.) On an unadjusted basis, the final…

NIH study offers new evidence of early SARS-CoV-2 infections in U.S.


BETHESDA (June 15, 2021)---A new antibody testing study examining samples originally collected through the National Institutes of Health’s All of Us Research Program found evidence of SARS-CoV-2 infections in five states earlier than had initially been reported. These findings were published in the journal Clinical Infectious Diseases. The results expand on findings from…

New free trade agreement to deliver jobs and business opportunities in Australia and The United Kingdom


  Australia (June 15, 2021)--A new free trade agreement with the UK will deliver more Australian jobs and business opportunities for exporters, bringing both countries closer together in a changing strategic environment. Prime Ministers Scott Morrison and Boris Johnson have agreed on the broad outlines of an Australia-UK Free Trade…