Taiwan Semiconductor Manufacturing Company -- whose clients include Apple and Nvidia -- controls more than half the world's output of silicon wafers, used in everything from smartphones and cars to missiles. Following the runaway success of ChatGPT, the company is now at the forefront of a generative AI revolution, churning...

Taiwan's TSMC second-quarter net profit jumps on Gen AI demand

Taiwan Semiconductor Manufacturing Company topped analysts’ expectations for the second quarter, reporting revenue of $20.82 billion for fiscal year 2024— up 40% from a year ago. Suggested Reading. The Taiwanese chipmaker reported NT$247.85 billion in profits this quarter, or $7.6 billion, a 36% rise from the year ago...

TSMC smashed earnings expectations thanks to AI chip demand

Reuters

TAIPEI (Reuters) -Taipei-listed shares of TSMC ended 3.5% lower on Friday, dragged down by continuing geopolitical concerns and overnight losses on U.S. markets, despite the chipmaker posting strong earnings and giving an upbeat revenue outlook.

TSMC shares fall sharply amid Nasdaq plunge, despite strong earnings

Wall Street's main indices tumbled at the start of trading Wednesday as fears of heightened trade tensions with China hit tech stocks. The tech-heavy Nasdaq slumped by 2.3 percent two hours into the session, and the broad S&P 500 dropped 1.2 percent as investors worried about renewed trade tensions with China.

Wall Street stocks hit by China worries, gold hits record

The Guardian

Analysts play down concerns and maintain confidence in AI boom after index’s worst day since December 2022

Nasdaq losses deepen amid market jitters over US policy on chipmakers

Rhode Island State

Business Times

Taylor Swift and Travis Kelce are said to be planning a $3 million wedding next year with a star-studded guest list.

Taylor Swift, Travis Kelce To Spend $3 Million For Their 'Star-Studded' Wedding In Rhode Island Next Year: Report

Bank of America (BAC) has reported better-than-expected second-quarter revenue and profit, buoyed by a significant rise in investment banking and asset management fees. Despite facing challenges from higher interest rates affecting its consumer operations, the bank managed to leverage its Wall Street operations to deliver solid financial results.

Bank of America Exceeds Q2 Expectations Amid Investment Banking Gains

A suspected drug-smuggling tunnel discovered last week in Tijuana is so extensive that authorities need oxygen tanks to reach its end. This latest find adds to the series of sophisticated tunnels unearthed over the years, highlighting the ongoing battle against drug trafficking across the U.S.-Mexico border.

Massive Drug-Smuggling Tunnel Uncovered Connecting Tijuana to the U.S.

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Thomas Smith

Spotting a few bugs in the house is typically a nuisance, but there's one in particular that should ring alarm bells for homeowners. If you come across the bug in the photo above, it's time to call in a professional.

Study This Photo--If You Find This Bug In Your House, You Need To Call in a Pro

California State

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

A recent study published in the journal Cell Reports Medicine has unveiled significant insights into how the frequency of bowel movements may be intricately linked to long-term health. Conducted by researchers from the Institute for Systems Biology (ISB) in Seattle, the study analyzed data from over 1,400 healthy adults and discovered correlations between bowel movement frequency and signs of decreased organ function.

Study Links Infrequent Bowel Movements to Kidney Damage, Frequent Diarrhea to Liver Issues

Nvidia completed a stock split in June, and Broadcom has a stock split slated for July, leaving MercadoLibre as the Nasdaq-100 stock most likely to split next. MercadoLibre operates the largest commerce and payments ecosystem in Latin America and is expected to be the world's fastest-growing advertising company in 2024.

Nvidia and Broadcom Announced 10-for-1 Stock Splits. This Nasdaq-100 Stock Is Most Likely to Split Next.

Anika Jindal

The type of gasoline you use matters most when it comes to keeping your car running. While most gas stations claim to provide high-quality fuel, not all gasoline is created equally. You should avoid some gas brands that can ruin your car.

Worst Gas Brands That Can Ruin Your Car

New Jersey State

Morristown Minute

A new initiative aims to provide housing for vulnerable Medicaid members, enhancing community wellness and support. MORRIS COUNTY, N.J. - In a significant move to tackle housing instability among Medicaid recipients, New Jersey's Human Services Commissioner Sarah Adelman, along with Community Affairs Commissioner Jacquelyn A. Suárez, today announced the availability of $95 million in funding for developers. This initiative, part of the Healthy Homes program, is designed to create affordable housing opportunities for NJ FamilyCare members who are either homeless, at risk of homelessness, or currently living in institutional settings.

$95 Million for Healthy Homes: Housing for Medicaid Members

A look at the day ahead in U.S. and global markets from Mike Dolan. Another impressive earnings beat from Taiwan's chipmaking giant TSMC may help calm this week's tech stock rout, as the earnings season turns toward wobbly megacaps with an update from Netflix on Thursday - just as the European Central Bank meets.

Morning Bid: TSMC steadies the chips, ECB and Netflix eyed

Zong Fuli (Kelly Zong), the daughter of the late Wahaha Group founder Zong Qinghou, has reportedly stepped down from her positions as vice chairman and general manager of the Chinese beverage giant. This development follows months of internal discord and shareholder unrest since her father's passing earlier this year.

Wahaha Heiress Kelly Zong Reportedly Resigns Amid Leadership Turmoil

Markets Insider

UBS said Nvidia's eye-popping stock rally can continue to $150 per share. The bank said recent supply chain checks show "exceedingly robust" demand for Nvidia's next-gen chips. Nvidia's potential $5 EPS in 2025 would give it a valuation of 25.6x on a forward price-to-earnings basis. Nvidia stock's eye-popping rally is...

Nvidia is poised to surge another 16% as signs point to 'exceedingly robust' demand for its next-gen Blackwell chip, UBS says

OpenAI, the artificial intelligence powerhouse behind ChatGPT, is facing scrutiny after whistleblowers called for the Securities and Exchange Commission (SEC) to investigate the company's non-disclosure agreements (NDAs). The whistleblowers, represented by "one or more anonymous and confidential" individuals, allege that OpenAI's NDAs illegally restrict employees from speaking out about the risks associated with its AI technology.

Nokia Shares Plunge Amid Weak 5G Demand, Hopes for Recovery in Second Half

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