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THE AMERICA ONE NEWS
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Feb 22, 2025 |
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America First News
3 Aug 2023
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#economy
Flag And Cross: Yellen Criticizes Fitch's Credit Downgrade, Defends Strong US Economy
U.S. Treasury Secretary Janet Yellen criticizes Fitch's downgrade of the United States' credit rating, citing a strong economic rebound from the pandemic. The downgrade is seen as flawed and based on outdated data.
Despite Fitch's decision, Yellen emphasizes that U.S. Treasury securities remain a safe and liquid asset, and the American economy remains fundamentally strong. She highlights the creation of new jobs, low unemployment, and a decrease in inflation over the past year.
#technology
Flag And Cross: Qualcomm Posts Earnings: Q3 Revenue Of $8.44 Billion Misses Analysts' Estimates, Down 23% YoY
Semiconductor company Qualcomm Inc reported a 23% decrease in third-quarter revenue to $8.44 billion, missing expectations. However, earnings per share of $1.87 beat estimates. The QCT Automotive segment saw a 13% increase in revenue, while Qualcomm CEO Cristiano Amon expressed optimism about the company's long-term growth and diversification.