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Economy

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WASHINGTON (AP) — Staring at midterm elections that could cost them control of Congress, Democrats are trying to sculpt a 2022 legislative agenda that would generate achievements and reassure voters that they’re addressing pocketbook problems and can govern competently.

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COLUMBUS, Ohio (AP) — Chip maker Intel said it will invest $20 billion to build a new factory in Ohio, an attempt to help alleviate a global shortage of chips powering everything from phones to cars to home appliances while also signaling the giant company's commitment to manufacturing crucial technology products in the U.S.

SACRAMENTO, Calif. (AP) — California's unemployment rate dipped a half-percentage point in December as the most populous state added 50,700 nonfarm jobs, accounting for more than a quarter of the nation’s 199,000 job growth for the month, according to new data released Friday.

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BEIJING (AP) — China on Friday criticized Washington for imposing sanctions on Chinese companies the U.S. says exported missile technology, and accused the United States of hypocrisy for selling nuclear-capable cruise missiles.

WASHINGTON (AP) — President Joe Biden launched into his second year in office Thursday with a new focus on making fatigued Americans believe they’re better off under his leadership as he embraces a pared-back agenda before the midterm elections.

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WASHINGTON (AP) — The Federal Reserve on Thursday released a highly anticipated report on central bank digital currencies that suggested it is leaning toward having banks and other financial firms, rather than the Fed itself, manage digital accounts for customers.

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NEW YORK (AP) — New York City's new mayor, Eric Adams, plans to convert his first paycheck this week into two cryptocurrencies, which he has been hyping as a potential economic engine for the city.

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WASHINGTON (AP) — President Joe Biden ends his first year in the White House with a clear majority of Americans for the first time disapproving of his handling of the presidency in the face of an unrelenting pandemic and roaring inflation, according to a new poll from The Associated Press-NORC Center for Public Affairs Research.

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SEOUL, South Korea (AP) — Accusing the United States of hostility and threats, North Korea on Thursday said it will consider restarting “all temporally-suspended activities” it had paused during its diplomacy with the Trump administration, in an apparent threat to resume testing of nuclear explosives and long-range missiles.

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