Is The Fed Finally Done Rescuing Markets?

South Korea Plans Investment Fund From Chip Tax Revenue At a time when chip and memory companies are disproportionately receiving the benefits of hundreds of billions in capex, and a growing number of politicians are consider ways to socialize these outsized gains, Yonhap News reported that South Korea plans to create an investment fund using tax revenue from its burgeoning semiconductor industry to finance long-term economic growth. In a senior-level meeting of the government and the ruling party, presidential chief of staff Kang Hoon-sik said the additional revenue from the country’s...

Qualcomm To Power SpaceX's Masive 5G Nationwide Network As Musk Takes Aim At Telecom Giants SpaceX's bold move to challenge AT&T, Verizon and T-Mobile became even clearer on Wednesday after Elon Musk's company signed a multi-year hardware and software deal with Qualcomm. The agreement provides critical cell equipment for SpaceX's terrestrial 5G network spanning thousands of towers, complementing Starlink's low-Earth-orbit satellite constellation.Bloomberg reports that the SpaceX-Qualcomm deal covers tens of thousands of cell sites nationwide, using the chip company's Dragonwing components and network software to support calls and data traffic.Qualcomm...

Map Shows Homebuilders Pulling Back Nationwide "Given Limited Visibility To Demand" Even as homebuilders offer mortgage-rate buydowns, closing-cost incentives, and upgraded amenities to attract buyers on the sidelines, clouds of uncertainty continue to build over the housing market. New U.S. single-family permit activity fell again in January, highlighting yet more caution among builders ahead of the spring selling season as they respond to softer demand. Goldman analysts, led by Susan Maklari, provided clients on Friday with a snapshot of homebuilders across America and a housing heat map suggesting continued sluggishness across...