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Intel Corp to invest $7 billion to complete Arizona chip factory

  Bloomberg Intel Corp. Chief Executive Officer Brian Krzanich said the semiconductor maker will invest $7 billion to complete a chip factory in Chandler, Arizona, becoming the latest company to use a meeting with President Donald Trump to tout spending and job-creation plans that were already in place. Krzanich, speaking in the Oval Office, called the investment an expansion of ...

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German exports break record as Trump targets trade balance

  Bloomberg Germany posted a record trade surplus in 2016, which may further fuel accusations by the Trump administration that Europe’s largest economy is exploiting a “grossly undervalued” euro. Exports climbed 1.2 percent last year to 1.2 trillion euros ($1.3 trillion), the Federal Statistics Office in Wiesbaden reported on Thursday, while imports rose 0.6 percent to 954.6 billion euros. That ...

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US home price gains rise in the fourth quarter

  Bloomberg Home price gains accelerated in the fourth quarter, with increases reported in 89 percent of US metropolitan areas, as competition heated up for a record-low supply of listings, the National Association of Realtors said. The median price of an existing single-family home rose from a year earlier in 158 of the 178 areas measured, the group said in ...

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