Taiwan Semiconductor Manufacturing Company (TSMC) has once again showcased its prowess in the semiconductor industry with impressive fourth-quarter results, underscoring its pivotal role in the ongoing technological revolution. The company reported a net revenue of 868.46 billion New Taiwan dollars (approximately $26.36 billion), surpassing the expectations of 850.08 billion New Taiwan dollars. Additionally, TSMC’s net
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With the approaching inauguration of President-elect Donald Trump, the world watches closely for the anticipated executive actions that come with new leadership. Contrary to the expectations of many, however, one of the more contentious issues—tariffs on trading partners—is not set to take immediate effect. Initial reports hint at a broader trade memorandum designed to analyze
In a move that emphasizes the responsibility of credit reporting agencies, the Consumer Financial Protection Bureau (CFPB) has imposed a hefty fine of $15 million on Equifax due to shortcomings in handling consumer credit disputes. This penalty highlights critical issues within the realm of credit reporting, where inaccuracies can lead to significant repercussions in consumers’
In an intriguing development for the world of professional basketball, a consortium of influential investors is reportedly attempting to assemble a staggering $5 billion to launch a new global basketball league. This initiative is infused with aspiration, primarily due to its promise to provide players with equity stakes in the league, fundamentally altering the traditional
China’s investments in the United States have taken a sharp nosedive, particularly since Donald Trump assumed the presidency in 2017, and this trend appears to be solidifying as he prepares for a potential return to the White House. Various analysts and economists emphasize that the complex web of trade relations and burgeoning hostility between the
The appointment of Donald Trump as President-elect for a second nonconsecutive term has reignited debates surrounding the future of federal agencies and regulatory bodies in the United States. With emphasizes on reducing federal spending, the vision for a more efficient government seems poised to become a reality, but the implications of such changes could be
In a significant move, the Federal Trade Commission (FTC) has initiated legal proceedings against PepsiCo, accusing the beverage giant of engaging in unlawful price discrimination practices. The commission claims that PepsiCo provided an unnamed retailer, widely speculated to be Walmart, with preferential pricing and promotional conditions that were not made available to other competing retailers.
Morgan Stanley has delivered a robust financial performance for the fourth quarter, exceeding analysts’ forecasts and showcasing a significant rebound in various trading divisions. The bank reported earnings of $2.22 per share, far surpassing the predicted average of $1.70, alongside a revenue figure of $16.22 billion, comfortably exceeding expectations of $15.03 billion. This remarkable achievement
Purchasing a home is a monumental financial decision, often heavily influenced by a variety of factors including geographic location, market conditions, and personal financial circumstances. At the forefront of this journey is the down payment, a crucial hurdle that potential homeowners must navigate. The time it takes to save for a 20% down payment can
Federal Reserve Governor Christopher Waller recently expressed optimism regarding potential interest rate cuts in 2024. During an interview on CNBC’s “Squawk on the Street,” Waller articulated a vision where the central bank might lower interest rates multiple times this year, contingent on waning inflation. He suggested that the first reduction could materialize in the first