A growing number of Americans packed up and moved south in 2022, while bailing out of New York and California. Texas saw the largest net population gain for the one-year period ended July 1, 2022, with more than 450,000 people moving to the state, according to a new report from analysts led by Rafe Jadrosich at Bank of America Global Research. The firm cited data from the U.S. Census Bureau data and U-Haul rates in building its report. Florida saw the second-largest net population gain over… Source link
Read More »Engineer Who Fled Charges of Stealing Chip Technology in US Now Thrives in China
(Bloomberg) — Few companies are better positioned to benefit from the crippling shortage of computer chips than ASML Holding NV, a Dutch manufacturer whose equipment plays an integral role in making the world’s most advanced semiconductors. Most Read from Bloomberg But four lines tucked halfway into an otherwise upbeat, 281-page annual report from February hinted at a potentially incendiary problem. ASML accused a Beijing-based firm, regarded by Chinese officials as one of the country’s… Source link
Read More »Retail investors bought the dip in January as institutions fled: BofA
U.S. stocks recorded their worst January since the financial crisis and retail investors saw the downturn as an opportunity to buy the dip. Mom- and pop- investors led purchases of U.S. equities during the month, while institutional investors such as hedge funds sold off assets, according to fresh data from Bank of America. BofA’s retail clients were the biggest dip-buyers last month, posting inflows into stocks in each of the last four weeks. January inflows are typically led by retail… Source link
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