Genius Act an 'Important Statement' on Crypto, Says Rep. Huizenga
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
These are the 3 manufacturing sectors set to be the big winners of Trump's Made in America push
Trump wants to increase manufacturing in the United States. His economic agenda has centered on measures meant to compel companies to build on US soil. These three industries are the likely big winners of the Made In America push, Oxford Economics says. President Donald Trump wants more stuff to be made in America. Upon taking office in January, he implemented tariffs against prominent US trade partners in an effort to bring more manufacturing back to American shores, brushing off warnings of potential pain for companies and consumers. But some industries are likely to see a boost in US manufacturing over others, Oxford Economics said on Tuesday. The firm is predicting that high-tech goods, pharmaceuticals, and aerospace technology will have an advantage. Nico Palesch, a senior economist at the forecasting firm, said these industries are well-positioned to benefit from Trump's policies because they already have a foothold in the US market. "A sector that has significant domestic capacity in the US is much more likely to be able to expand capacity and accrue benefits from changes in tariffs or reductions in taxation because the business case for operating in the US is already strong, as opposed to a sector that would essentially need to be built from the ground up," he stated. Despite high economic uncertainty, Palesch added that Trump's policies are likely to help spur growth for US manufacturing. He also credited the CHIPS and Inflation Reduction Acts of 2022 with helping revitalize US manufacturing in areas such as semiconductors and green technology production. In his view, they will be responsible "for a majority of reindustrialization" in the coming years. Palesch highlighted the advantage that companies with a strong US presence will have, noting that he did not believe Trump's policies would bring back an abundance of manufacturing jobs to the US. "A car maker in the US is more likely to decide to expand an existing production line or set up a new factory to try and capture more market share at the expense of tariffed competition than a firm operating in a sector that has little or no presence in the US," he added. The economist said he sees Boeing as a top pick among aerospace stocks, adding that while the company has experienced some negative publicity of late, "it remains one of the two major international aerospace manufacturers capable of producing the types of aircraft typically used in air travel at scale." Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Car and Driver
32 minutes ago
- Car and Driver
View Interior Photos of the 2025 Chevrolet Tahoe
Other automakers could stand to learn from Chevy's approach to steering wheels. It has all the buttons you need, without any overly complicated tech getting in the way.
Boston Globe
an hour ago
- Boston Globe
Texas lawmakers begin review of catastrophic floods that killed at least 135
Advertisement State and county emergency response officials are scheduled to testify on Wednesday, but no officials from Kerr County, the area most hard-hit by the floods, are expected to appear. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Lawmakers have filed bills to improve early warning systems and emergency communications and to provide relief funding. Kerr County, where 27 campers and counselors, most of them children, were killed at Camp Mystic, an all-girls Christian summer camp, does not have a warning system along the river after several missed opportunities by state and local agencies to finance one. Three people remain missing. At one point, county officials said more than 170 people were unaccounted for. Lawmakers are scheduled to visit Kerrville on July 31 to hear from residents. Democrats have left open the possibility of filibusters or walking out in the coming weeks to block the proposed congressional map redraw. On Monday, most of the party's members in the House signed a letter to the speaker stating that they would not engage in any work before addressing flood relief. Advertisement But Democrats have few paths to resistance as the minority party in both chambers. Republican Attorney General Ken Paxton has threatened to arrest those who attempt to walk out on top of the $500 a day fines lawmakers face for breaking a quorum.
