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☆ Americans Are Down on Biden. Why Does His Party Keep Winning Elections?
▼ + stars: | 2023-09-26 | by ( Reid J. Epstein | More About Reid J. Epstein | ) www.nytimes.com time to read: +1 min

Taken together, these results suggest that the favorable political environment for Democrats since the Supreme Court overturned Roe v. Wade has endured through much of 2023. “Dobbs absolutely changed the way that people thought about and processed things that they had perceived as a given,” said Heather Williams, the interim president of the D.L.C.C. In January 2010, Scott Brown won a shocking upset in a Senate special election in deep-blue Massachusetts by running against President Barack Obama’s health care push. In March 2018, Conor Lamb won a special election to fill a House seat in a deep-red Pennsylvania district by campaigning as a centrist voice against Mr. Trump. Both the Brown and Lamb special elections served as indicators of the wave elections their parties won in subsequent midterm elections.

Persons: Roe, Wade, “ Dobbs, ”, Heather Williams, “, what’s, Scott Brown, Barack, Conor Lamb, Trump, Brown, Lamb Organizations: Democratic Locations: Massachusetts, Pennsylvania

☆ Opinion | The Era of Prestige TV Is Ending. We’re Going to Miss It When It’s Gone.
▼ + stars: | 2023-09-21 | by ( Roy Price | ) www.nytimes.com time to read: +3 min

I left Amazon Studios in 2017 (after accusations I dispute), and five years later, the larger industry picture looks exceedingly bleak. In the last year nearly every major studio, from Warner Bros. to Paramount, has announced layoffs and write-offs. Amazon was plagued by reports that its big investment in a “Lord of the Rings” series yielded disappointing viewership numbers. Many of its key writers and producers, including Judd Apatow and Steve Levitan, went on to broadly influence TV and film comedy. It’s HBO.” summed it up: Prestige TV was trying to be, as was sometimes said, “filmovision” — as dark and true to life or shockingly violent as necessary.

Persons: Bob Iger’s, HBO Max, Max, they’ll, Larry Sanders, “ Sanders ”, Judd Apatow, Steve Levitan, Oz, ”, “, Maisel, Ted Lasso ”, Pimple Popper, ” there’s Organizations: Amazon Studios, Warner Bros, Paramount, Disney, HBO, Showtime, City, Prestige, Netflix, “, Amazon, Golden Globes

The instruction by TSMC, which is grappling with delays at its $40 billion chip factory in Arizona, is aimed at controlling costs and reflects the company's growing caution about the outlook for demand, the sources said. Suppliers currently expect the delay to be short-term, the sources said, declining to be named as the information is not public. Companies affected by the instruction to delay include Dutch firm ASML (ASML.AS), which makes lithography equipment essential for high-end chipmaking, one of the sources said. ASM International (ASMI.AS), a smaller equipment firm that is also a supplier to TSMC, fell 4.2% with BE Semiconductor (BESI.AS), a packaging equipment firm, down 2.4%. CHIP CYCLE WORRIESThe Taiwanese chip giant is not alone in worrying a bounce back in demand may take longer than expected.

Persons: Dado Ruvic, TSMC, chipmaker, C.C, Wei, Peter Wennink, We've, Wennink, they're, Mark Liu, Sam Nussey, Fanny Potkin, Toby Sterling, Miyoung Kim, Stephen Coates Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Suppliers, Reuters, ASM, BE Semiconductor, Apple, Media, Huawei, Analysts, chipmaker Semiconductor Manufacturing International Corp, HK, Thomson Locations: TOKYO, SINGAPORE, AMSTERDAM, Arizona, China, Taiwan, Beijing, Washington, Tokyo, Singapore, Amsterdam

☆ Apple's iPhone 15 event kicks off on Tuesday. Here's what to expect
▼ + stars: | 2023-09-08 | by ( Kif Leswing | ) www.cnbc.com time to read: +7 min

Last year, Apple announced new iPhones, Apple Watches, and updated AirPods at its September event. Here's what to expect from this year's edition:iPhone 15: USB-C and titaniumApple's invite to its Sept. 12 event. This year, the biggest change is expected to be a USB-C charging port, replacing Apple's proprietary Lightning port, which was introduced in 2012 as the iPhone charger "for the next decade." A USB-C charging port on iPhones will match the same charging port on Android phones, newer laptops, iPads, wireless headphones, and other gadgets. The change is being spurred by new European regulations which require a common charging port.

Persons: Tim Cook, Carlos Barria, Ming, Chi Kuo, Greg Joswiak, Apple's, Jakub Porzyck, Sofia Pitt, Apple, AirPods, Todd Haselton Organizations: Reuters Apple, Apple, YouTube, Apple's, Huawei, Vision, CNBC, Apple Apple, Bloomberg News, TF International Securities, Wall Street, Union, Nurphoto, Getty, Bloomberg, U.S, Apple Watch, Sofia Pitt Last Locations: Cupertino , California, iPhones

☆ Opinion | The Youth in China Can’t Find Work. That’s a Problem for Xi Jinping.
▼ + stars: | 2023-09-08 | by ( Ho-Fung Hung | ) www.nytimes.com time to read: +1 min

It promptly decided to suspend future publication of its urban youth unemployment rate. The current data is bad enough; it’s about the same youth unemployment rate across the Middle East on the eve of the Arab Spring. The Chinese Communist Party knows very well that young, educated and unemployed people concentrated in big cities have the capacity to challenge authority. has had to contend with urban unemployment. After the founding of the People’s Republic in 1949, Chinese peasants fled the dilapidated countryside to find work in the big cities.

Organizations: Chinese Communist Party Locations: People’s Republic

☆ Bitcoin and crypto are about to embark on a 'much stronger fundamental' rally, Bernstein predicts
▼ + stars: | 2023-09-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

"The existing crypto market remains a low liquidity market, with limited new capital entering the space. Investors remain optimistic about the recent developments and what they could mean for the crypto market over the long term, however. The agency for years has maintained that various attempts at a bitcoin ETF didn't satisfy concerns about fraud and manipulation in the market. The ruling shot that down, noting that "bitcoin futures prices are ultimately based on spot market prices." "The industry push for Ethereum spot ETF follows immediately after, given ETH also has a similar market structure of a traded CME futures market ( > 2 years) and a spot market," he added.

Persons: Bernstein, Gautam Chhugani, bitcoin, Chhugani, Michael Bloom Organizations: U.S . Securities, Exchange Commission, U.S ., Appeals, SEC, ETH, BTC Locations: U.S, Solana

☆ Visualizing the Latest Wave of N.C.A.A. Conference Realignment
▼ + stars: | 2023-09-01 | by ( Josh Katz | Kevin Quealy | ) www.nytimes.com time to read: +5 min

Missouri and Texas A&M were the first teams to join the SEC in 20 years. Financial benefits and concerns about conference stability lured Boston College to become the A.C.C.’s 12th member in 2005. Penn State, one of the last major programs to remain independent, became the Big Ten’s 11th member in 1993, setting off a wave of realignment across college football. The Missouri Valley Conference stopped sponsoring football after the 1985 season. Arkansas departed for the SEC in 1991, signaling the beginning of the end for the Southwest Conference, long associated with N.C.A.A.

Persons: Drake, Golden Panthers Florida State Seminoles Fresno State Bulldogs Furman Paladins George, Golden Panthers Florida State Seminoles Fresno State Bulldogs Furman Paladins George Washington Colonials Georgia Bulldogs Georgia Southern Eagles Georgia State Panthers Georgia Tech Yellow Jackets Harvard Crimson Hawaii Rainbow Warriors Houston Cougars Idaho Vandals Illinois Fighting Illini Illinois State Redbirds Indiana Hoosiers Indiana State Sycamores Iowa Hawkeyes Iowa State Cyclones Jacksonville State Gamecocks James Madison, Monroe Warhawks Louisville Cardinals Marshall Thundering, William, Mary Organizations: Air Force Falcons Akron Zips Alabama Crimson Tide Appalachian State Mountaineers Arizona Wildcats Arizona State Sun Devils Arkansas Razorbacks Arkansas State Red Wolves Army Black Knights Auburn Tigers Ball State Cardinals Baylor Bears Boise State Broncos Boston College Eagles Bowling Green State Falcons Brigham Young Cougars Brown Bears Buffalo Bulls Cal State Fullerton Titans Cal State Los Angeles Golden Eagles California Golden Bears, Santa Barbara Gauchos, Santa Barbara Gauchos Central Michigan Chippewas Charlotte 49ers Chattanooga Mocs Cincinnati Bearcats Clemson Tigers Coastal, Colorado Buffaloes Colorado State Rams Columbia Lions Connecticut Huskies Cornell Big Red Dartmouth Big Green Davidson, Drake Bulldogs Duke Blue Devils East Carolina Pirates East Tennessee State Buccaneers Eastern Michigan Eagles Florida Gators, Atlantic Owls Florida, Golden Panthers Florida State Seminoles Fresno State Bulldogs Furman, Golden Panthers Florida State Seminoles Fresno State Bulldogs Furman Paladins George Washington Colonials Georgia Bulldogs Georgia Southern Eagles Georgia State Panthers Georgia Tech Yellow Jackets Harvard Crimson Hawaii Rainbow Warriors Houston Cougars Idaho Vandals Illinois Fighting Illini Illinois State Redbirds Indiana Hoosiers Indiana State Sycamores Iowa Hawkeyes Iowa State Cyclones Jacksonville State Gamecocks, Golden Panthers Florida State Seminoles Fresno State Bulldogs Furman Paladins George Washington Colonials Georgia Bulldogs Georgia Southern Eagles Georgia State Panthers Georgia Tech Yellow Jackets Harvard Crimson Hawaii Rainbow Warriors Houston Cougars Idaho Vandals Illinois Fighting Illini Illinois State Redbirds Indiana Hoosiers Indiana State Sycamores Iowa Hawkeyes Iowa State Cyclones Jacksonville State Gamecocks James Madison Dukes Kansas Jayhawks Kansas State Wildcats Kent State Golden Flashes Kentucky Wildcats LSU Fighting Tigers Liberty Flames Long, Golden Panthers Florida State Seminoles Fresno State Bulldogs Furman Paladins George Washington Colonials Georgia Bulldogs Georgia Southern Eagles Georgia State Panthers Georgia Tech Yellow Jackets Harvard Crimson Hawaii Rainbow Warriors Houston Cougars Idaho Vandals Illinois Fighting Illini Illinois State Redbirds Indiana Hoosiers Indiana State Sycamores Iowa Hawkeyes Iowa State Cyclones Jacksonville State Gamecocks James Madison Dukes Kansas Jayhawks Kansas State Wildcats Kent State Golden Flashes Kentucky Wildcats LSU Fighting Tigers Liberty Flames Long Beach State, Niners Louisiana, Louisiana Tech Bulldogs Louisiana, Monroe Warhawks Louisville Cardinals, Terrapins Massachusetts Minutemen Memphis Tigers Miami, Hurricanes Miami, Michigan Wolverines Michigan State Spartans Middle Tennessee State Blue Raiders Minnesota Golden Gophers Mississippi State Bulldogs Missouri Tigers Navy Midshipmen Nebraska Cornhuskers Nevada Wolf, Las Vegas Rebels New, Lobos New Mexico State Aggies North, Tar, Carolina State Wolfpack, Texas, Green Northern Illinois Huskies Northwestern Wildcats Notre Dame Fighting Irish Ohio Bobcats Ohio State Buckeyes Oklahoma Sooners Oklahoma State Cowboys Old Dominion Monarchs Ole Miss Rebels Oregon Ducks Oregon State Beavers Pacific Tigers Penn State Nittany Lions Pennsylvania Quakers Pitt Panthers Princeton Tigers Purdue Boilermakers Rice Owls Richmond Spiders Rutgers Scarlet Knights SMU Mustangs Sam Houston State Bearkats San Diego State Aztecs San Jose State Spartans South Alabama Jaguars South Carolina Gamecocks South Florida Bulls Southern Illinois Salukis, Green Northern Illinois Huskies Northwestern Wildcats Notre Dame Fighting Irish Ohio Bobcats Ohio State Buckeyes Oklahoma Sooners Oklahoma State Cowboys Old Dominion Monarchs Ole Miss Rebels Oregon Ducks Oregon State Beavers Pacific Tigers Penn State Nittany Lions Pennsylvania Quakers Pitt Panthers Princeton Tigers Purdue Boilermakers Rice Owls Richmond Spiders Rutgers Scarlet Knights SMU Mustangs Sam Houston State Bearkats San Diego State Aztecs San Jose State Spartans South Alabama Jaguars South Carolina Gamecocks South Florida Bulls Southern Illinois Salukis Southern Mississippi Golden Eagles Stanford Cardinal Syracuse Orange Temple Owls Tennessee Volunteers Texas Longhorns Texas, Aggies Texas, State Bobcats Texas Tech Red Raiders, Citadel Bulldogs Toledo Rockets Troy, Tulane Green Wave Tulsa, Hurricane U.C.L.A, Bruins U.S.C, Trojans UAB Blazers UCF Knights UTEP Miners UTSA Roadrunners Utah Utes Utah State Aggies Vanderbilt Commodores Virginia Cavaliers Virginia Military, Keydets Virginia Tech, Deacons Washington Huskies Washington State Cougars West Texas State Buffaloes West Virginia Mountaineers Western, Western Michigan Broncos Wichita State, Mary Tribe Wisconsin Badgers Wyoming Cowboys Yale Bulldogs, Big, Notre Dame, SEC, Boston College, Boise State, WAC, ESPN, Penn State, The Ivy League, The Southern Conference, AA, Arizona State, Missouri Valley Conference, Arkansas, Southwest Conference Locations: Santa, Santa Barbara Gauchos Central Michigan, Santa Barbara Gauchos Central Michigan Chippewas Charlotte 49ers Chattanooga Mocs Cincinnati Bearcats Clemson Tigers Coastal Carolina, Golden Panthers Florida State Seminoles Fresno State Bulldogs Furman Paladins George Washington Colonials Georgia Bulldogs Georgia Southern Eagles Georgia State Panthers Georgia Tech Yellow Jackets Harvard Crimson Hawaii Rainbow Warriors Houston Cougars Idaho Vandals Illinois Fighting Illini Illinois State Redbirds Indiana Hoosiers Indiana State Sycamores Iowa Hawkeyes Iowa State Cyclones Jacksonville State Gamecocks James Madison Dukes Kansas Jayhawks Kansas State Wildcats Kent State Golden Flashes Kentucky Wildcats LSU Fighting Tigers Liberty Flames Long Beach, Michigan Wolverines Michigan State Spartans Middle Tennessee State Blue Raiders Minnesota Golden Gophers Mississippi State Bulldogs Missouri Tigers Navy Midshipmen Nebraska Cornhuskers Nevada Wolf Pack Nevada, Green Northern Illinois Huskies Northwestern Wildcats Notre Dame Fighting Irish Ohio Bobcats Ohio State Buckeyes Oklahoma Sooners Oklahoma State Cowboys Old Dominion Monarchs Ole Miss Rebels Oregon Ducks Oregon State Beavers Pacific Tigers Penn State Nittany Lions Pennsylvania Quakers Pitt Panthers Princeton Tigers Purdue Boilermakers Rice Owls Richmond Spiders Rutgers Scarlet Knights SMU Mustangs Sam Houston State Bearkats San Diego State Aztecs San Jose State Spartans South Alabama Jaguars South Carolina Gamecocks South Florida Bulls Southern Illinois Salukis Southern, Deacons Washington Huskies Washington State Cougars West Texas State Buffaloes West Virginia Mountaineers Western Carolina, Western Kentucky, Notre, . Missouri, Texas, Arizona

☆ Democrats Want to Flip N.Y. House Seats. But There’s a Primary Problem.
▼ + stars: | 2023-08-28 | by ( Nicholas Fandos | More About Nicholas Fandos | ) www.nytimes.com time to read: +1 min

There is time for leaders like Representative Hakeem Jeffries, the top House Democrat and a New Yorker, to intervene if they want to. While the Democratic Congressional Campaign Committee rarely interferes in open primaries, there is a tradition of less direct maneuvering to boost preferred candidates and edge others out. The leader’s allies argue that the competition will strengthen their nominees and brush off concerns that Democrats will be short on funds. “Leader Jeffries has no plan to endorse in any Democratic primary in New York,” said Christie Stephenson, his spokeswoman. “He is confident that whoever emerges in these competitive districts will be strongly positioned to defeat the extreme MAGA Republican crowd.”

Persons: Hakeem Jeffries, Jeffries, Michelle Hinchey, Laura Curran, Tom Suozzi, George Santos, —, ”, Christie Stephenson Organizations: Democrat, New Yorker, Democratic Congressional, Mr, Democratic, PAC, New, “, Republican Locations: New, Hudson, Nassau County, Long, New York, Torrey Pines, Calif

☆ Wall Street gets more bullish on Nvidia (again). Where Jim Cramer stands going into earnings
▼ + stars: | 2023-08-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

Besides Apple (AAPL), Nvidia is the only other Club stock to get Jim's "own it, don't trade it" designation. There's no doubt technology giants in the world's second-largest economy want Nvidia's chips to build out their AI systems. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer, I'm, Baird, KeyBanc, Piper Sandler, FactSet, Wei, Biden, Colette Kress, Jim Cramer's, Jim, Hsun Huang, Patrick T Organizations: Nvidia, Apple, HSBC, Barclays, Microsoft, Taiwan Semiconductor Manufacturing Company, Financial, Citigroup, Wall Street Journal, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: China, Washington, U.S, Los Angeles , California

☆ Jack Smith’s Experience in The Hague and the Trump Investigations - The New York Times
▼ + stars: | 2023-07-31 | by ( Gary J. Bass | ) www.nytimes.com time to read: +3 min

Although part of Kosovo’s legal system, the institution is headquartered in The Hague and staffed by international judges and personnel — which is how Mr. Smith, a U.S. citizen, wound up serving as its specialist prosecutor. It is always difficult and risky to prosecute national leaders with some popularity among their people. Even so, the Truman administration quietly undercut that pledge of unconditional surrender for Emperor Hirohito, fearing that the Japanese might fight on if he was prosecuted as a war criminal. The Truman administration left the emperor securely in the Imperial Palace while his prime ministers and generals were tried and convicted by an Allied international military tribunal in Tokyo. At an earlier point in his career, from 2008 to 2010, Mr. Smith worked as the investigation coordinator in the prosecutor’s office at the International Criminal Court, the permanent international war crimes tribunal based in The Hague.

Persons: Smith hewed, Smith, Hashim Thaci, Trump, Thaci, Augusto Pinochet’s, Truman, Emperor Hirohito, John Bolton, ”, Mike Pompeo Organizations: United Nations, Kosovo, Chambers, White, Kosovo Liberation Army, Allied, Criminal Court Locations: Nuremberg, Tokyo, Yugoslavia, Rwanda, East Timor, Sierra Leone, Serbia, The Hague, U.S, Kosovo, Chile, Nazi Germany, Imperial Japan, Imperial, Afghanistan, Zambia

☆ TSMC reassures commitment to Taiwan amid global expansion
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +1 min

HSINCHU, Taiwan, July 28 (Reuters) - TSMC (2330.TW) reaffirmed its investment commitment to Taiwan on Friday as the world's largest contract chip maker ramps up expansion abroad. Speaking at a ceremony to open a massive global research and development center in Taiwan's chip hub of Hsinchu, CEO C.C. Wei said he would like to take the opportunity to tell the people of Taiwan that the firm remained "rooted" on the island. The overseas investment has sparked concerns in Taiwan, where semiconductor manufacturing is the backbone of the economy, about a "goodbye to Taiwan" trend among chip firms. Reporting by Sarah Wu; Editing by Jacqueline Wong and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: TW, C.C, Wei, TSMC, Sarah Wu, Jacqueline Wong Organizations: Thomson Locations: HSINCHU, Taiwan, Hsinchu, U.S ., Arizona, Japan, Germany

☆ Russian court jails top cyber security executive for 14 years in treason case
▼ + stars: | 2023-07-26 | by ( Andrew Osborn | ) www.reuters.com time to read: +3 min

[1/5] People, including supporters of founder of Group-IB cybersecurity firm Ilya Sachkov charged with treason, gather in a court building during a hearing in Moscow, Russia July 26, 2023. Sachkov, 37, who is no longer associated with Group-IB but owns a share in its former Russian business, was arrested in September 2021 by Russia's Federal Security Service (FSB) on treason charges in a case that was classified. Former colleagues who bought Group-IB's Russian business and renamed it F.A.C.C.T said in a statement that his legal team would appeal against his conviction and ask President Vladimir Putin to intervene. "This is a hard moment for all of us and a black day for the (Russian) cybersecurity market." Sachkov had ruffled official feathers a year before his arrest at an event attended by Russian Prime Minister Mikhail Mishustin.

Persons: Ilya Sachkov, Sachkov, F.A.C.C.T, Vladimir Putin, Ilya, Mikhail Mishustin, Putin's, Putin, Andrew Osborn, William Maclean Organizations: IB, REUTERS, TASS, Russia's Federal Security Service, Employees, Russian, Kremlin, Thomson Locations: Moscow, Russia, MOSCOW, Russian

TAIPEI, July 25 (Reuters) - Driven by a surge in demand for artificial intelligence, Taiwanese chip maker TSMC (2330.TW) plans to invest nearly T$90 billion ($2.87 billion) in an advanced packaging facility in northern Taiwan, the company said on Tuesday. "To meet market needs, TSMC is planning to establish an advanced packaging fab in the Tongluo Science Park," the company said in a statement. For advanced packaging, especially TSMC's chip on wafer on substrate (CoWoS), capacity is "very tight," Wei said after the company reported a 23% fall in second-quarter profit. Even as the leading Apple (AAPL.O) supplier ramps up its expansion abroad, it plans to keep its most advanced chip technology in Taiwan, a global powerhouse in manufacturing semiconductors that power everything from smartphones to electric vehicles. ($1 = 31.3230 Taiwan dollars)Reporting by Sarah Wu and Yimou Lee; Editing by Kim Coghill and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: TSMC, C.C, Wei, chipmaker, Sarah Wu, Yimou Lee, Kim Coghill, Jamie Freed Organizations: Nvidia Corp, Devices, Apple, Thomson Locations: TAIPEI, Taiwan, Miaoli

☆ Taiwan TSMC: Plans to invest $2.9 billion in new plant as demand for AI chips soars
▼ + stars: | 2023-07-25 | by ( Juliana Liu | ) edition.cnn.com time to read: +1 min

Hong Kong CNN —TSMC, the world’s largest chipmaker, says it plans to invest nearly 90 billion New Taiwan dollars ($2.9 billion) to build an advanced chip plant in Taiwan, as it expands production to meet booming demand for artificial intelligence (AI) products. Wei told analysts the company plans to roughly double its capacity for advanced packaging capacity in 2024 compared to 2023, in order to meet “strong demand” for AI chips from its customers, which include Nvidia (NVDA) and AMD (DOX). Advanced packaging in the semiconductor industry involves using high-tech methods to aggregate components from various wafers in order to create a more powerful computer chip. That’s the kind of AI underlying ChatGPT, Google (GOOGL)’s Bard, Dall-E and many of the other new AI technologies. TSMC is considered a national treasure in Taiwan, supplying semiconductors to global tech giants including Apple (AAPL) and Qualcomm (QCOM).

Persons: Hong Kong CNN — TSMC, C.C, Wei, “, TSMC, Dall Organizations: Hong Kong CNN, Nvidia, AMD, CNN, TSMC, Google, Apple, Qualcomm Locations: Hong Kong, Taiwan, Miaoli County, Hsinchu, Taipei, TSMC

☆ TSMC’s awkward signalling opens up chip limbo
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, July 21 (Reuters Breakingviews) - Is the chip market bottoming out? On the other hand, executives struck an upbeat tone on artificial intelligence, and noted the company is adding capacity on that front. TSMC's lower full-year revenue guidance now casts doubt on a much-anticipated year-end or early-2024 rebound in demand for electronics that would reverse the industry supply glut. Even so, investors have no clearer insight into how fast global demand will pick up, nor how the AI frenzy will evolve. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: C.C, Wei, TSMC, Robyn Mak, whir, Una Galani, Thomas Shum Organizations: Reuters, Taiwan Semiconductor Manufacturing, TSMC, Twitter, Thomson Locations: HONG KONG

☆ Wall Street cheers cool CPI with stock rally; dollar, yields decline
▼ + stars: | 2023-07-12 | by ( Lawrence Delevingne | Thomson Reuters | Delevingne Works Primarily On Enterprise Stories Related To Finance. He Joined Reuters In | ) www.reuters.com time to read: +4 min

REUTERS/Ralph OrlowskiSummaryCompanies U.S. CPI data for June shows inflation slowdownWall Street stocks gainDollar, Treasury yields dropOil and gold gainJuly 12 (Reuters) - Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. inflation data showed a slowdown in the seemingly relentless rise of consumer prices. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in prices of used motor vehicles. Shares of big tech-related companies, which tend to be sensitive to higher interest rates, gave the S&P 500 its biggest boost. /FRXU.S. Treasury yields also dropped, with the 10-year Treasury yield now at 3.865%, down 11.9 basis points . Wall Street banks overall are expected to report higher profits as rising interest payments offset a downturn in deal making.

Persons: Ralph Orlowski, Alexandra Wilson, Elizondo, Bryce Doty, Australia's, Wells, Scott Wren, Wren, Brent, Lawrence Delevingne, Marc Jones, Ankur Banerjee, Jan Harvey, Chizu Nomiyama, Will Dunham, Mark Heinrich Our Organizations: REUTERS, Companies U.S, Treasury, Index, Labor Department, Dow Jones, Nasdaq, Goldman Sachs Asset Management, CPI, Bank of England, U.S, Sit Investment, Fed, Japan's Nikkei, JPMorgan, Citigroup, Wells, Investment Institute, Brent, Wednesday, Thomson Locations: Frankfurt, Germany, U.S, Minneapolis, Asia, Wednesday ., Boston, London, Singapore, Carolina, New York

[1/2] A trader works at the Frankfurt stock exchange, amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in prices of used motor vehicles. CPI advanced 3.0% in the 12 months through June, down from 4.0% in May and the smallest year-on-year increase since March 2021. /FRXU.S. Treasury yields also dropped, with the 10-year Treasury yield now at 3.853%, down 12.9 basis points . EARNINGS AHEADOvernight in Asia, Australia's S&P/ASX 200 index (.AXJO) rose 0.4%, while the bouncing yen knocked Japan's Nikkei (.N225) down 0.8%.

Persons: Ralph Orlowski, Alexandra Wilson, Elizondo, Bryce Doty, Australia's, Wells, Scott Wren, Wren, Brent, Lawrence Delevingne, Marc Jones, Ankur Banerjee, Jan Harvey, Chizu Nomiyama, Mark Heinrich Our Organizations: REUTERS, Companies U.S, Treasury, Index, Labor Department, Dow Jones, Nasdaq, Goldman Sachs Asset Management, Bank of England, U.S, Sit Investment, Fed, Bank of Canada, Japan's Nikkei, JPMorgan, Citigroup, Wells, Investment Institute, Brent, Thomson Locations: Frankfurt, Germany, U.S, Minneapolis, Asia, dealmaking, Boston, London, Singapore, Carolina, New York

[1/2] A trader works at the Frankfurt stock exchange, amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in the price of used motor vehicles. CPI advanced 3.0% in the 12 months through June, down from 4.0% in May and the smallest year-on-year increase since March 2021. /FRXU.S. Treasury yields also dropped, with the 10-year Treasury yield now at 3.885%, down 9.7 basis points . GLOBAL STOCKS, COMMODITIESOvernight in Asia, Australia's S&P/ASX 200 index (.AXJO) rose 0.4%, while the bouncing yen knocked Japan's Nikkei (.N225) down 0.8%.

Persons: Ralph Orlowski, Alexandra Wilson, Elizondo, Bryce Doty, Australia's, Wells, Brent, Lawrence Delevingne, Marc Jones, Ankur Banerjee, Shashwat Chauhan, Jan Harvey, Chizu Organizations: REUTERS, Companies U.S, Treasury, Index, Labor Department, Dow Jones, Nasdaq, Goldman Sachs Asset Management, Bank of England, U.S, Sit Investment, Fed, Bank of Canada, Japan's Nikkei, JPMorgan, Citigroup, Brent, Thomson Locations: Frankfurt, Germany, U.S, Minneapolis, Asia, Boston, London, Singapore, Bengaluru

[1/3] A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly/File PhotoSummaryCompanies U.S., European shares tick up as traders eye CPI, earningsChina inflation surprisingly weak in JuneDollar, oil prices declineJuly 10 (Reuters) - Wall Street stocks rose slightly on Monday, while oil prices and the dollar dipped, as investors digested Chinese economic data and looked ahead to a key U.S. inflation report and corporate earnings. "Stubbornly high U.S. CPI inflation data this week could bolster the recent bond yield surge as markets expect the Fed to hike rates." Currently futures imply around a 90% probability of a rise to 5.25%-5.5% this month, up 25 basis points. The yield on 10-year U.S. notes fell 4 basis points on Monday to 4.008%.

Persons: Andrew Kelly, Matthias Scheiber, Wells, Michael Barr, Brent, Lawrence Delevingne, Nell Mackenzie, Mark Heinrich, David Evans, Will Dunham, Christina Fincher Organizations: Wall, New York Stock Exchange, REUTERS, Dow Jones, Nasdaq, Allspring Global Investments, Citigroup, JPMorgan, Citi, PepsiCo, BlackRock Investment, U.S, Federal Reserve, Federal, Thomson Locations: New York City , New York, U.S, China, reflating, London, Europe, Wells Fargo, BlackRock, Saudi Arabia, Russia, Boston

☆ Moscow’s Mayor Says Drones Targeted Russian Capital
▼ + stars: | 2023-07-04 | by ( Victoria Kim | ) www.nytimes.com time to read: +4 min

A news conference to announce the launch of the International Center for the Prosecution of the Crime of Aggression in The Hague on Monday. “It’s the only crime that goes to the top table,” said Philippe Sands, a prominent international lawyer who first floated the idea of an aggression tribunal. Aggression is distinct from the offenses of war crimes, crimes against humanity and genocide, for which the I.C.C. And unlike in many war crimes cases, there would be no need to link an official to specific crimes on the ground, which is often a cumbersome process. Overwhelmed courts in Ukraine have already tried and convicted some Russian soldiers for war crimes, but have tens of thousands of cases waiting.

Persons: —, “, ”, Philippe Sands, Vladimir V, Putin Organizations: International Center, Criminal, European Union, United Nations, Russian, Kremlin Locations: The Hague, Ukraine, Russia, United States, I.C.C, Eastern Europe, Eurojust, Britain

☆ Rescuers race against time to find the missing sub in the Atlantic bound for the Titanic site
▼ + stars: | 2023-06-20 | by ( ) www.cnbc.com time to read: +10 min

Rescuers in a remote area of the Atlantic Ocean raced against time early Tuesday to find a missing submersible carrying five people on a mission to document the wreckage of the Titanic. OceanGate's expeditions to the Titanic wreck site include archaeologists and marine biologists. Gallo identified Nargeolet, a friend who has led multiple expeditions to the Titanic, on Tuesday during an interview with CNN. OceanGate hired the Polar Prince to ferry dozens of people and the submersible craft to the North Atlantic wreck site. CBS journalist David Pogue, who went on the trip last year, noted his vessel got turned around looking for the Titanic.

Persons: Mauger, NBC's, John Mauger, David Concannon, John's, Concannon, OceanGate, Hamish Harding, Harding, Mark Butler, Butler, Victor Vescovo, Mariana, Richard Garriott de Cayeux, Shahzada Dawood, Suleman, Allah, Paul, Henry Nargeolet, David Gallo, Gallo, David Pogue, Pogue, Mike Reiss, Alistair Greig, submersibles, Greig Organizations: Discovery, U.S . Coast Guard, OceanGate Expeditions, Authorities, Rescue Coordination Center, Rescuers, Polar, Canadian Boeing, Twitter, U.S, Lockheed, The Associated Press, AP, Coast Guard, United Arab, Action Aviation, World Records, Shepard, The Explorers, SETI Institute, CNN, CBS, University College London Locations: Nova Scotia, British, St, John's, Newfoundland, Canadian, Bahamas, Dubai, United Arab Emirates, California, Virginia

☆ Former exec at TikTok's parent company says Communist Party members had a 'god credential' that let them access Americans' data
▼ + stars: | 2023-06-07 | by ( Zen Soo | Associated Press | ) www.businessinsider.com time to read: +5 min

Yintao Yu said Communist Party members accessed data on US users as well as protesters in Hong Kong. Hong Kong is a semi-autonomous region in China with its own government. Some American lawmakers have expressed concern that TikTok's ties to ByteDance means the data it holds is subject to Chinese law. It was also available in Hong Kong until TikTok pulled out of the market in 2020 following the imposition of a sweeping national security law. Anyone who tries to open TikTok from within Hong Kong will see a message that reads "We regret to inform you that we have discontinued operating TikTok in Hong Kong."

Persons: Yintao Yu, ByteDance, —, Yu, Charles Jung, Jung, Shou Zi Chew, Chew, TikTok Organizations: Communist Party, ByteDance, San Francisco Superior, British, Hong, Flipagram, Oracle, Chinese Communist Party, Communist Locations: Hong Kong, HONG KONG, U.S, China, Beijing

☆ TSMC expects H2 performance to be better than H1
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: 1 min

TAIPEI, June 6 (Reuters) - Taiwanese chipmaker TSMC (2330.TW) said on Tuesday it expects its performance to be better in the second half of the year than the first. First half revenue is expected to drop 10% year-on-year in U.S. dollar terms, CEO C.C. Wei told the company's annual shareholders meeting. Reporting by Faith Hung and Ben Blanchard; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: TSMC, C.C, Wei, Faith Hung, Ben Blanchard, Jacqueline Wong Organizations: Thomson Locations: TAIPEI

☆ What Your Therapist Doesn't Tell You
▼ + stars: | 2023-05-17 | by ( Amy X. Wang | Illustrations Liana Finck | ) www.nytimes.com time to read: +8 min

What Your Therapist Doesn’t Tell You A dozen counselors on what it’s really like to sit in the other armchair. “ ‘I need to pee so bad.’ Clients don’t realize that we have five minutes between sessions and sometimes making it to the bathroom is not possible.” — Jessa White, L.M.H.C.A. You can’t do psychotherapy if a person doesn’t feel safe — there’s no way that’s going to happen. But it’s frustrating too, because as a therapist, you feel you can’t really offer what you signed up for.” — Gabriela Sehinkman, Ph.D., L.I.S.W.-S. To me, therapy is very much like dating, except, you know, obviously you don’t really want to date the person.” — Thien Pham, L.M.F.T.

☆ Bowery: 2023 CNBC Disruptor 50
▼ + stars: | 2023-05-09 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

Founded in 2015 in New York City, Bowery is among several urban plant factories that are changing food supplies, and attracting substantial funding. The need to grow produce more efficiently, and closer to end markets, is represented in Bowery and the concept of vertical agriculture. Early last year, Bowery secured a $150 million credit investment from KKR & Co. Overall, Bowery increased its retail distribution 40% in 2022, with supermarket chains Albertsons, Giant Food, Walmart and Whole Foods on board. Almost a decade on from its founding, the idea behind Bowery remains novel, but skeptics say vertical farming remains closer to a DIY niche than a grown up, globally scalable agtech industry.

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