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TSMC ups its Arizona chipmaking investment to $40 billion ahead of Biden's visit

3 years 9 months ago
Taiwan Semiconductor Manufacturing Company is upping its investment in the United States, announcing Tuesday that it's building a second semiconductor factory in Arizona and raising its investment there from $12 billion to $40 billion. The move marks one of the "largest foreign direct investments in the history of the United States," according to the company.

What's going on with Russian oil?

3 years 9 months ago
Most Russian crude oil exports to Europe are now banned, marking the boldest effort yet by the West to pile financial pressure on President Vladimir Putin as his brutal war in Ukraine enters its tenth month.

Jay Powell's dream of the 90s is dead

3 years 9 months ago
The US economy gained 263,000 jobs in November, 63,000 above the consensus estimate. The larger surprise was that average hourly earnings rose by 0.55%, the fastest pace since January.

Delta, pilots reach labor deal with 34% pay hike

3 years 9 months ago
Delta Air Lines has offered a 34% cumulative pay increase to its pilots over three years in a new contract, demonstrating the bargaining power aviators are enjoying in a short-staffed industry with booming travel demand.
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