TSMC Delays Arizona Factory Production to 2025 Amid Skilled Labor Shortage
Company
Netflix Stock Dips After Earnings Report, but Analysts Remain Bullish
-
CVC Capital Raises $29.2 Billion for Largest-Ever Buyout Fund
"The Luxembourg-based private equity firm, CVC Capital, announced on Thursday that it has raised 26 billion euros (about $29.2), marking the largest buyout fund in history. This landmark development points to a warming trend in global investment activity, just as the Federal Reserve's rate hike phase nears its end. -
AI Can't Save TSMC: Semiconductor Giant Grapples with First Quarterly Profit Decline in Four Years; Adjusts Annual Outlook
"On the afternoon of July 20, Beijing time, TSMC, the world's largest semiconductor manufacturer, announced its second-quarter results for the period ending June 30.
The Latest
-
Riyadh Air Enters the Fray: Can Saudi's New Airline Challenge Middle East's Big Three?
Saudi Arabia's newest national airline, Riyadh Air, is making waves with its ambitious goals, positioning itself as the "largest startup airline in the Middle East in the past 30 years," a "digital-native airline of the modern era," and a "brand-new premium full-service airline." 
-
China Evergrande Reassesses Restructuring Plan, Cancels Key Creditor Meetings Amid Sales Concerns
China Evergrande Group, the beleaguered property giant, has thrown a curveball in its ongoing restructuring saga. In a surprising move, the company announced the cancellation of pivotal creditor meetings initially slated for September 25-26. This decision, as revealed in an exchange filing on Friday night, stems from sales performances that have not met the company's expectations. 
-
Murdoch Steps Down: What's Next for Fox in its Love-Hate Relationship with Trump?
Rupert Murdoch, the 92-year-old media mogul, has announced his retirement from his roles as chairman of both Fox Corporation and Fox News Group, transitioning to the position of honorary chairman. His eldest son, Lachlan, is set to take his place. 
-
Diamond's Dazzle Dims: Prices Plunge as Gold Glitters
For decades, diamonds have been the darlings of the luxury market. However, in the past year, the price of certified diamonds has plummeted by 35% to 40%, prompting many to question whether the era of exorbitantly priced diamonds is coming to an end. 
-
UAW Strike Reverberates Across Auto Industry: GM and Stellantis Announce Layoffs Amid Contract Negotiations
In a ripple effect stemming from the United Auto Workers (UAW) strike, both General Motors (GM) and Stellantis have announced significant layoffs, underscoring the broader impact of labor disputes on the automotive industry. 
-
Boeing Faces Years Before Normalizing Deliveries in China
Boeing anticipates that it will take several years to return to normal delivery volumes in the Chinese market. During a media briefing on China's civil aviation market outlook held on September 20, Boeing's Vice President of Civil Aviation Market Marketing, Huo Daren, conveyed this sentiment. 
-
Behind the Surge: How One Oil Company is Driving U.S. Oil Prices Up
Recently, U.S. oil prices have been on a steady climb, raising fresh concerns about escalating inflation in the market. 
-
Instacart's Strong IPO Signals a Return of Investor Risk Appetite
In a notable display of resilience, Instacart, the grocery delivery giant, made a robust debut on the Nasdaq, with its shares surging by 40%, opening at a commendable $42. This comes after the company's initial public offering (IPO) was priced at $30 a share, valuing the San Francisco-based firm at approximately $10 billion on a fully diluted basis. This valuation, however, was a significant drop from its peak private market valuation of $39 billion during the early days of the Covid pandemic in 2021. The opening price further elevated its valuation to around $14 billion. 
-
Instacart's Rocky Road to IPO: From Unicorn Valuation to a $9.9 Billion Debut
The U.S. stock market is buzzing with IPO activity, and following in the footsteps of Arm, Instacart is making its sprint to Nasdaq. 
-
Evergrande Shares Plunge Amid New Detentions: A Deepening Crisis for China's Property Giant
In a fresh blow to China's beleaguered property developer, China Evergrande Group, shares of the company plummeted by a staggering 25% on Monday. This sharp decline came in the wake of the detention of several staff members from its wealth management unit, hinting at a potential new investigation that could exacerbate the company's already precarious situation. 
