Month: December 2024
TSMC says first advanced U.S. chip fab ‘dang near back’ on schedule. Here’s an inside look.
Atop a newly-completed, 3.5-million-square-foot building that stands on 1,100 acres in the Arizona desert north of Phoenix is a giant logo of a microchip wafer and the letters TSMC. Taiwan Semiconductor Manufacturing Company’s first Arizona chip fabrication plant, or fab, is making history because it’s the most advanced chip fab on U.S. soil, and Apple […]
Read More
Over $100 trillion in wealth is about to be inherited — here are the biggest winners
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. More than $100 trillion in household wealth is expected to be passed down as part of the Great Wealth Transfer, the […]
Read More
European markets slip as investors react to economic data; French stocks edge higher as new prime minister named
French government bond yields creep upward as Bayrou named prime minister Journalists work outside the Élysée Palace after French president Macron named centrist Francois Bayrou as Prime Minister in Paris on Dec. 13, 2026. Bertrand Guay | Afp | Getty Images Yields on French government bonds ticked higher on Friday, after the country’s President Emmanuel […]
Read More
Moldova declares state of emergency over fears Russian gas flows via Ukraine will stop
Dorin Recean, Moldova’s prime minister, speaks during the United Nations General Assembly (UNGA) in New York, US, on Friday, Sept. 27, 2024. Bloomberg | Bloomberg | Getty Images Moldova’s parliament on Friday voted to approve a 60-day state of emergency, citing fears of an immediate threat to the security of its citizens ahead of an […]
Read More
Elon Musk reveals SEC sent him ‘settlement demand’ after Twitter buyout probe
Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. Allison Robbert | Getty Images The Securities and Exchange Commission has issued a “settlement demand” to Elon Musk, the tech billionaire disclosed in a social media […]
Read More
China signals readiness to mend ties with U.S. ahead of Trump inauguration
U.S. President Donald Trump, right, and Xi Jinping, China’s president, walk past members of the People’s Liberation Army (PLA) during a welcome ceremony outside the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017. Qilai Shen | Bloomberg | Getty Images President Xi Jinping sent a strong signal this week that […]
Read More
UK economy shrinks unexpectedly by 0.1% in October
Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known […]
Read More
New AI winners beyond Big Tech are set to emerge, UK fund manager predicts
The AI revolution is “the biggest platform shift since electricity” and, as such, will bring investment opportunities in smaller tech firms that are climbing ever nearer to the Big Tech behemoths, according to one U.K.-based fund manager. “We’re of the firm belief that the winners of this new technology cycle, that really started 18 months, […]
Read More
Europe can make up the Ukraine funding shortfall if the U.S. withdraws, analysts say
The first General Dynamics F-16 Fighting Falcons received by Ukraine fly on the Day of Ukrainian Air Force on August 4, 2024 in Unspecified, Ukraine. At the event for the Day of Ukrainian Air Force with the participation of President of Ukraine Volodymyr Zelenskyi, the first General Dynamics F-16 Fighting Falcons received by Ukraine were […]
Read More
Coffee prices climb to near 50-year highs — and it may take years for the rally to run out of steam
A coffee cup with a printed message from Salvadoran President Nayib Bukele’s X account is pictured at Franco’s Pupusa restaurant in San Salvador on July 17, 2024. Marvin Recinos | Afp | Getty Images A record-breaking rally for coffee prices shows no sign of slowing down, analysts say, with some warning it could take years […]
Read More