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First Freedom Fuel gas station opens in Philadelphia with discounted gas

The first Freedom Fuel gas station has opened in Philadelphia as part of a broader initiative to offer drivers discounted gasoline, the White House announced. Motorists at the station can purchase gas for $3.47 per gallon, about 50 cents below Pennsylvania’s statewide average.”The FIRST Freedom Fuel Network gas station has…

Market probes intervention risk – ABN AMRO

Georgette Boele at ABN AMRO highlights persistent weakness in the Japanese Yen as investors test authorities’ tolerance for depreciation. Fiscal expansion and a dovish Bank of Japan stance weigh on the currency, while Japan’s energy-importer status adds pressure. With stretched long-Dollar/short-Yen positioning and explicit upside levels, she warns that any intervention-driven reversal in USD/JPY could be sharp and lasting.Authorities’ tolerance for yen weakness”Despite these factors, we noted in last week’s FX Weekly that the risk…

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Business

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Apple to invest  billion in US chip manufacturing

Apple announced Wednesday it is investing more than $30 billion in chip manufacturing in the U.S.  The investment, in partnership with Broadcom, is set to produce 15 billion chips, creating hundreds of U.S. jobs. Broadcom’s facility in Fort Collins, Colorado, is expanding its capabilities to produce the chips. “This is another…

Investing

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