TSMC has defended its push to diversify manufacturing beyond the company’s native Taiwan as a vital step to secure the future of the world’s largest contract chipmaker, amid increasing geopolitical tensions.Taiwan Semiconductor Manufacturing Company’s overseas expansion plans have triggered concerns at home, with shareholders challenging management at its annual meeting…

When Supreme Court Justice Clarence Thomas appeared for the first time before the Florida Federalist Society in January 2020, Florida Gov. Ron DeSantis declared to a large banquet audience on the Disney World grounds: “I do think he is our greatest living justice.” Later that night, DeSantis and Thomas retreated…

Small-cap stocks in the U.S. are putting up “a fight,” showing “better trends” while lagging the S&P 500 and Nasdaq Composite this year, according to RBC Capital Markets. The Russell 2000, an index tracking U.S. small-cap stocks, has seen modest gains of around 2.8% so far in 2023, while the…

The stock market raised another red flag for investors last week when Nvidia Corp.’s breathtaking guidance for rising sales, driven by products tied to the corporate deployment of artificial intelligence, seemed to make people forget two things: A higher concentration in your portfolio also means higher risk. And the Federal…

The numbers: Mortgage rates inched toward 7% as strength in the U.S. economy prompted investors to expect another rate hike by the Federal Reserve. The 30-year fixed-rate mortgage averaged 6.79% as of June 1, according to data released by Freddie Mac on Thursday.  That was up 22 basis points from…

Hiring tapered off a bit in May and inflation increased at a slower pace, a Federal Reserve survey found, but the U.S. economy expanded again and suggested growth is unlikely to slow enough to ease stubbornly high price pressures. The Fed’s regular survey of the economy, known as the Beige…

© Reuters. FILE PHOTO: A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. REUTERS/Denis Balibouse (This May 15 story has been corrected to remove references to investment bankers being in telecom, media and technology sectors in the headline and paragraph 1) By Milana Vinn and…

WARSAW/BRUSSELS (Reuters) – The European Commission said on Monday it was extending until Sept. 15 an arrangement whereby five of Ukraine’s EU neighbours can restrict imports of Ukrainian grain. The EU on May 2 allowed the five countries – Bulgaria, Hungary, Poland, Romania and Slovakia – to ban domestic sales…

LONDON (Reuters) – Goldman Sachs (NYSE:) revised its Turkish lira forecast in the wake of President Tayyip Erdogan’t cabinet revamp, saying it now expected the currency to weaken to 28 to the dollar in 12 months compared with a previous prediction of 22. Erdogan signalled on Saturday his newly-elected government…

By Hannah Lang, Jonathan Stempel and Tom Wilson WASHINGTON (Reuters) – U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a “web of deception,” piling further pressure on the world’s biggest cryptocurrency exchange and sending bitcoin to its lowest in almost three months. The Securities…