The Department of Commerce said on July 29 it will allocate $874 million in incentives to bolster U.S. chip manufacturing, linking the funding to equity stakes in seven companies.The National Institute of Standards and Technology (NIST) said the Commerce Department’s CHIPS Research and Development...

Americans are feeling better about the economy despite pocketbook issues weighing on households across the country, according to the University of Michigan’s widely watched survey.July’s consumer sentiment index rebounded almost 12 percent from June to 55.2, the university said on July 31. This was...