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TSMC's growth was driven by strong demand for artificial intelligence technology. But the market is questioning whether the euphoria over AI and AI chips is sustainable. AdvertisementChip giant Taiwan Semiconductor Manufacturing Company just reported strong growth, thanks to continued enthusiasm for artificial intelligence — even amid persistent questions over the return on investment from the technology. The Taiwanese company's blockbuster results came after Dutch chip equipment maker ASML — a supplier to TSMC — reported guidance on Tuesday that disappointed investors and triggered a sell-off in chip stocks. But it doesn't mean AI demand is fizzling.
Persons: , LSEG, TSMC —, Wei, Goldman Sachs, Christophe Fouquet, Roger Dassen, ASML, Dassen, Andy Li, Li Organizations: Taiwan Semiconductor Manufacturing Company, Service, Taiwan, Nvidia, New York Stock Exchange, ASML Locations: Taiwan, Dutch, China
The Israeli military said it killed Hamas leader Yahya Sinwar during an operation in Gaza. AdvertisementThe Israeli military said Thursday that it killed Hamas leader Yahya Sinwar during an operation in Gaza, eliminating the architect of the massacre that Hamas executed on October 7, 2023. The Israeli military said in a statement that soldiers from its Southern Command killed Sinwar on Wednesday. But despite months of intense Israeli air and ground operations that have leveled much of Gaza, Sinwar managed to remain elusive. AdvertisementThe 62-year-old Sinwar had been the leader of Hamas in Gaza since 2017 and the leader of its political wing following the July assassination of Ismail Haniyeh.
Persons: Yahya Sinwar, Sinwar, , Yoav Gallant, Ismail Haniyeh, Israel, Hassan Nasrallah Organizations: Service, Southern Command, Israel Defense Forces, Israeli, IDF Locations: Gaza, Israel, Lebanon, Iran
NASA is planning to give the Boeing Starliner another chance. The agency has scheduled two SpaceX launches — Crew-10 and Crew-11 — for 2025. AdvertisementNASA has released the schedule for its commercial launches in 2025, and the Boeing Starliner is slated to get another chance at spaceflight. Advertisement"Meanwhile, NASA is keeping options on the table for how best to achieve system certification, including windows of opportunity for a potential Starliner flight in 2025," it added. The duo are scheduled to return via the SpaceX Crew Dragon in February 2025.
Persons: Starliner, , Anne McClain, Nichole Ayers, Russia's Roscosmos, Butch Wilmore, Suni Williams, Williams, Elon Musk, NASA didn't Organizations: NASA, Boeing, SpaceX, , Service, Japan Aerospace Exploration Agency, International, Station, Starliner, Federal Aviation Administration, FAA, Business Locations: New Mexico
US Army soldiers are training to operate at night in the challenging jungle environment of the Pacific. During a recent war game, soldiers engaged in a long-range maritime air assault to seize an airfield at night. US Army Pacific held its large-scale annual Joint Pacific Multinational Readiness Center training rotation in Hawaii earlier this month. During this year's JPMRC rotation in Hawaii, soldiers executed a long-range maritime air assault involving around 300 soldiers traveling to seize an airfield 200 miles away in the middle of the night. Tiffany BanksBut night operations, Evans said, are a "perishable skill," meaning if troops don't continue to test it, they'll lose it.
Persons: , USARPAC, Marcus Evans, Evans, JPMRC, Tiffany Banks, Sgt Organizations: Army, Service, US Army, US Army Pacific, Pacific Multinational Readiness Center, U.S, US, 25th Infantry Division, U.S . Army, Staff, U.S . Air National Guard, JPMRC, Pentagon Locations: Hawaii, Alaska, Philippines, Ukraine, JPMRC, China
Mitch McConnell privately tore into Donald Trump, calling him a "despicable human being." The top Senate Republican made the comments during oral history interviews that he disclosed to his biographer. McConnell privately said Trump was a "despicable human being" and a "narcissist" whose character was antithetical to everything a president should be. Related storiesHe "has every characteristic you would not want a president to have," McConnell said in an oral history at the time. Privately, Vance mused to a friend that Trump was like Hitler.
Persons: Mitch McConnell, Donald Trump, McConnell, , Sen, JD Vance, Trump, Lindsey Graham, Michael Tackett, Tackett, that's, Roe, Wade, Elaine Chao, Vance, Trumper, Privately, Vance mused, Hitler Organizations: Republican, Trump, Service, Associated Press, Republicans, Cabinet, GOP, Business, Publicly Locations: Ohio
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim said he has previously debated selling some Danaher shares around their current levels of $275 but now he has "cold feet." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Jim, Sartorius, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Commerce Department, Nvidia, Broadcom, Club, CSX, Elevance, AMD Locations: Blackstone
The Small Business Administration ran out of funding for its disaster loan program on October 15. The lapse could slow recovery efforts by small businesses damaged by hurricanes Helene, Milton. The Small Business Administration said on October 15 that its disaster loan program had run out of money. In the meantime, Biden administration officials and business leaders are encouraging people to fill out applications for SBA disaster loans. Are you a business owner, homeowner, or renter affected by the SBA's pause in disaster loans?
Persons: Milton, , Helene, isn't, Kit Cramer, Cramer, Hurricane Helene, Hurricane Milton, Joe Biden, Hurricanes Helene, Mike Johnson, Biden, Isabel Casillas Guzman Organizations: Business Administration, SBA, Service, Asheville Chamber of Commerce, Hurricane, FEMA, Hurricanes, Republican, Chamber of Commerce Locations: Asheville, Hurricane, reconvene, Louisiana, Washington, Swannanoa , North Carolina
Semiconductor stocks are rebounding in reaction to a beat-and-raise earnings report from Taiwan Semiconductor . NEXTracke r: Shares of solar stock Nextracker are having another rough day, dropping roughly 3%. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023.
Persons: Jim Cramer, Donald Trump, Joe Biden, Trump, there's, we've, Jim Cramer's, Jim, Amber Wang Organizations: CNBC, Semiconductor, Taiwan Semiconductor, Nvidia, Apple, Taiwan Semi, ASML Holdings, Treasury, Atlanta, JPMorgan, Nextracker, Microsoft, Republican, Netflix, Procter, Gamble, American Express, Jim Cramer's Charitable, Taiwan Semiconductor Manufacturing Company, Center, Afp, Getty Locations: Taiwan, Hsinchu, AFP
We spent weeks in Europe and saw the Eras Tour twice for about what we paid to see her in the US. AdvertisementThe world has never seen anything quite like Taylor Swift's Eras Tour. Since embarking on the high-grossing tour, Swift has showcased her talents and proved her performances can boost economies and change travel patterns. For example, we saw Swift in Warsaw, Poland, instead of the super-popular Paris or London. Seeing the Eras Tour in the US cost us thousands.
Persons: we'd, , Taylor, Swift, Kate Green Organizations: Service, Swift's Warsaw, Swifties Locations: Europe, Poland, Warsaw, Paris, London, Philadelphia
Department of Justice officials met with survivors and “first-generation descendants” of the massacre over the last two days, Solomon-Simmons said. The department announced it would launch a civil rights review into the massacre at the end of September. Solomon-Simmons said he and the survivors have high hopes for the investigation, which began in recent weeks. This week, DOJ officials also gathered evidence at the site of the massacre, according to Solomon-Simmons. Solomon-Simmons was flanked by survivors’ descendants and US Rep. Al Green of Texas, who has been an advocate for the families.
Persons: , Damario Solomon, Simmons, , Solomon, they’ve, God, ” Solomon, Emmett, Kristen Clarke, Al Green of, Green, ” Green, Hughes Van Ellis, Viola Fletcher, Lessie Benningfield Randle, Ellis, Fletcher, Randle, Benningfield Randle, Mother Randle, Mother Fletcher Organizations: CNN, Department of Justice, of Justice, DOJ, Rep, Oklahoma Supreme, Capitol Locations: Tulsa, Oklahoma, Greenwood, Tulsa’s Greenwood, Al Green of Texas
Nichole Wischoff screened over 500 applications before making her first hire for her VC fund. AdvertisementThis as-told-to essay is based on a conversation with Nichole Wischoff, 34, founder of Wischoff Ventures. Business Insider previously published an essay about her first recruit at Wischoff Ventures, Neal Mintz, and his hiring experience. I spent most of my career working at startups and had to brute-force my way to starting Wischoff Ventures from scratch. Screening through 500 applications to find the perfect hireI started recruiting for my fund's first full-time hire earlier this year.
Persons: Nichole Wischoff, Wischoff, Neal Mintz, Mintz, , Neal, Nichole Wischoff's, you've, Don't, you'd Organizations: Service, Wischoff Ventures, Venture, Stanford Locations: San Francisco, New York
Lydia Koh is a fine art wedding photographer and founder of a Singapore-based photography company. Koh said a timekeeper can help couples with a less stressful experience — a lesson from her own wedding. I started wedding photography in 2013 when I attended a gorgeous wedding on a ranch in Southern California with a sunset reception. AdvertisementAs much as I've learned from photographing weddings over the past decade, the biggest lesson came from my wedding. AdvertisementEveryone will want photos with the couple on the wedding day, and it can be overwhelming to manage everything alone.
Persons: Lydia Koh, Koh, , I've, They're, It's Organizations: Service Locations: Singapore, Southern California
Like many baseball stadiums around the country, Tropicana Field's geographic location makes it vulnerable to hurricane winds or tornado-force winds, hail, storm surge and flooding. NFL stadiums could experience $11 billion in climate-related losses by 2050, according to a new report released by the climate risk analysis company, Climate X. Climate X said it's a wake-up call for state and local governments. If you had a problem there yesterday, that doesn't mean that it's going to be there tomorrow," said Kamil Kluza, co-founder of Climate X. The risks from changing weather patterns go far beyond hurricane winds and flooding.
Persons: it's, X, Kamil Kluza Organizations: Field, Tampa Bay Rays, Tropicana, Baltimore Orioles, Los Angeles Dodgers, New York Mets, Miami Marlins, Pittsburgh Pirates, San Diego Padres, Climate, Arizona Diamondbacks, Chase, Minnesota Vikings, Metrodome Locations: St . Petersburg, Key, Florida, Hurricane, Tampa , Florida, Phoenix
“The Secret Service has become bureaucratic, complacent, and static even though risks have multiplied and technology has evolved,” the panel wrote in its report released Wednesday. A refreshment of leadership, with new perspectives, will contribute to the Service’s resolution of those issues,” the panel wrote. Kevin Mohatt/REUTERS/REUTERSUS Secret Service acting Director Ronald Rowe leaves after holding a press conference in Washington, DC, on September 20, 2024. These failures, the panel said, were part of a lack of critical thinking among Secret Service personnel responsible for security that day. The Butler, Pennsylvania campaign rally site is empty and littered with debris on July 13, 2024.
Persons: Alejandro Mayorkas, Donald Trump, Butler, Trump, rallygoer, Mark Filip, George W . Bush, Janet Napolitano, Barack Obama, Ronald Rowe, , Kimberly Cheatle, Kevin Mohatt, Ben Curtis, , Evan Vucci, , selflessness Organizations: CNN, of Homeland, Secret Service, Service, Homeland Security, Secret, Capitol, REUTERS, Getty, Butler, Republican, Trump, Pittsburgh Locations: Pennsylvania, Washington ,, Iran, Butler
To date, at least $100 million in bitcoin stolen from the victim remains unaccounted for, prosecutors said in a recent court filing in D.C federal court. Zoom In Icon Arrows pointing outwards United States District Court for the District of ColumbiaThe schemers then duped the man into downloading a program onto his computer to protect his Gemini holdings. "Serrano was eventually able to manipulate the victim into opening files with private keysto over 4,100 Bitcoin," the court filing said. The schemers then used "sophisticated money laundering techniques to hide the proceeds and mask their identities," a court filing alleges. "To date, approximately $70,000,000 has been recovered or frozen on various exchanges," prosecutors wrote in a court filing.
Persons: Jakub Porzycki, , I've, Steven Castrovinci, Castrovinci, — Malone Lam, Jeandiel Serrano —, Serrano, Paulette Pagan, Lam, Malone Lam, Columbia Lam, Anne Hathaway, Lamborghini, Pagani, Serrano's, Lamborghini Urus, van, Matthew Loucks, Loucks, Rick, Swatting Organizations: NurPhoto, Getty, D.C, Police, Police Department, CNBC, Lamborghini, Danbury Police, Attorney's, District of Columbia, FBI, Gemini, United States, Court, Prosecutors, District, Management, Honda Locations: Washington, cryptocurrency, Connecticut, Danbury , Connecticut, Danbury, Florida, U.S, Los Angeles, Singapore, L.A, Miami, United States, Encino , California, Maldives, Columbia
Earlier this year, Blackstone rolled out an ownership plan for employees of HVAC company Copeland. The newest rage in private equity seeks to flip that model on its head by offering employees equity on top of their regular salaries. Success in private equity is often evaluated by how much money a deal generates compared to the initial investment. Joe Baratta, global head of private equity at Blackstone BlackstoneAcross the industry, high interest rates have squeezed returns and exit opportunities. KKR's global cohead of private equity, Pete Stavros, also helped found the nonprofit Organizing Works to encourage the adoption of this model across the private equity industry and beyond.
Persons: Blackstone, Copeland, Here's, , Ross Shuster, Shuster, Stuart Dalgleish, Joe Baratta, Dalgleish, we've, Copeland's Shuster, outsized, Pete Stavros, KKR's Stavros, NPR's, Ted, Stavros, Josh Ryan, Leonard Green, Axel Springer Organizations: Service, Business, Blackstone, Emerson Climate Technology, Blackstone ., BI, Human, Emerson Electric, Employees, Merlin Entertainment, Blackstone Blackstone, KKR, CHI, NPR, GeoStabilization, Leonard Green & Partners Locations: New York City, Manhattan
Taylor Swift is self-publishing "The Eras Tour Book" and releasing it exclusively at Target. By excluding traditional publishers, Swift ensured she would get more of the book's revenue. With her latest announcement, the singer is back to her business-disrupting playbook with "Taylor Swift | The Eras Tour Book." AdvertisementIn what most closely resembles her book deal, Swift self-produced last year's "Taylor Swift: The Eras Tour" film. "Obviously, Taylor Swift is sort of a case under herself for this stuff in terms of just her reach," Hane said.
Persons: Taylor Swift, Swift, , she's, it's, Clayton Durant, Simon &, Erik Hane, they're, It's, Ashok Kumar, Courtney Maum, Jessica Maddox, Gareth Cattermole, Maddox, Hane, Vittorio Zunino Celotto, Durant, vinyls, Taylor, John Shearer, Beyoncé, Paul Dergarabedian Organizations: Target, Service, Taylor Swift Publications, Nation School of Music, Sports, Entertainment, Simon & Schuster, Macmillan, HarperCollins, Hachette —, Literary, University of Alabama, Department, Universal Music, Big, Bloomberg, Poets Department, AMC, Mojo, Disney Locations: Long, Target, London, TikTok, Milan
CNN —Already multitool smart devices, Apple Watches added another buzzworthy feature last month: an app to detect sleep apnea. The sleep apnea notification is available on the latest Series 10 Apple Watches and some older models after a software update. In order to detect sleep apnea, the watch measures breathing disturbances during sleep over 30 days. But the US Food and Drug Administration approved marketing of the sleep apnea feature on Apple Watches in mid-September. The Apple Watch has a few of these capabilities, but the company did not factor them into the sleep apnea feature.
Persons: It’s, , Robson Capasso, ” Capasso, Erring, Apple, Jing Wang, Wang, ” Wang, Eric Topol, , ” Topol, Capasso, Dr, Sanjay Gupta, they’re Organizations: CNN, Apple, Stanford University School of Medicine, Food and Drug Administration, Apple Watch, Scripps, Research, Get CNN, CNN Health Locations: Sinai
AdvertisementCheng says he has never worked a corporate job; he's always been a comedian and an online poker player. Jason RoederBut this snark, typically found on X, has seeped into LinkedIn, a much rosier, earnest platform. Roeder quit X and started writing joke posts on LinkedIn about a year ago, he said, after becoming "disillusioned" with what X has become. LinkedIn posts can expose just as much about one person's struggle to find work as they can about another's boasted success. Cheng said the posts had helped him to get comedy gigs, but they've also unlocked new work on the platform itself: as a LinkedIn ghostwriter for executives.
Persons: Ken Cheng doesn't, Cheng isn't, He's, Cheng, Rob Price, Ryan Salame, FTX, Salame, , we're, Michael Scott, — it's, he's, I've, John Mulaney, Mulaney, Jason Roeder, Roeder, Daniel Roth, they've Organizations: LinkedIn, FCI Cumberland, Gallup, Pew Research Center, another's Locations: London, Maryland, America, TikTok, Los Angeles
I spent a week riding my bike from Pittsburgh to Washington, DC. The road was rough at times, but the people I met made the journey worthwhile. AdvertisementWhen I set out to ride my bike from Pittsburgh to Washington, DC, I wasn't quite sure what to expect. "Bikepacking" — riding a bicycle carrying clothing, food, water, and camping gear and finding places to sleep outside along the journey — is not an easy endeavor. AdvertisementAbout halfway through my ride, I met a lovely woman who was born and raised in Meyersdale.
Persons: , Tara Lerman, Mason, he'd, Bikepacking, Little Orleans , Maryland Tara Lerman, bikepack, I've, I'm Organizations: Service, Facebook, GAP, Chesapeake and, Baltimore and Ohio Railroad, Lake Erie Railroad, Union Railroad, Western Maryland Railway —, Dixon, Mason Locations: Pittsburgh, Washington, DC, Chesapeake and Ohio, Baltimore, Monongahela, Allegheny, Pennsylvania, Alabama, Texas, Maryland, Little Orleans , Maryland, Frostburg , Maryland, Meyersdale , Pennsylvania, Meyersdale
I've learned that if I want to form a new habit, promising someone I will doesn't work for me. AdvertisementWhen I was a teenager, I developed a habit of repeatedly promising my mother I would go on a diet. When I'm struggling to change a habit or face a tough decision, I sometimes use art to depict my mental state. Ever since, I've been able to moderate my pace by watching the person I'm eating with — usually Barry, my husband, who tends to eat slower than I do. Many people use computer software or apps to track their habits, but I'm old-fashioned and prefer the mind-body approach of handwriting.
Persons: I've, , I'm, Barry, Benjamin Franklin Organizations: Service, Moody Locations: Marlboro, checkmarks
The strikes targeted Houthi weapons storage facilities, according to the Pentagon. US B-2 bombers were part of the operation, marking their first known involvement in the Houthi conflict. AdvertisementThe US military hit Houthi targets in Yemen with multiple "precision strikes," the Pentagon announced late Wednesday evening. The strikes on Wednesday — early Thursday local time — mark the latest US bombardment of Houthi targets in Yemen. American forces targeted the rebels earlier this month.
Persons: , Defense Lloyd Austin, Austin Organizations: Pentagon, Service, Defense, Navy, US Air Force, of Defense, US Central Command, US Locations: Yemen, Iran, United States, Gulf of Aden, Israel
The Pentagon disclosed that B-2 stealth bombers were involved in the operation. AdvertisementThe US military carried out a series of airstrikes against the Iran-backed Houthi rebels in Yemen on Wednesday, using B-2 stealth bombers to hit targets underground. The US bases the heavy strategic bombers at Whiteman Air Force Base in Missouri. AdvertisementBefore the emergence of the new B-21 Raider, the B-2 was, for decades, the only stealth bomber. The Air Force describes the MOP as a heavy munition that can accomplish "difficult" and "complicated" missions of reaching enemy weapons stored in well-protected sites.
Persons: , Defense Lloyd Austin, Austin, Vincent De Groot, Northrop Grumman, Matthew S, Domingos Mark Gunzinger, Samantha White Organizations: Pentagon, Service, Defense, Navy, US Air Force, US Air National Guard, The Air Force, Northrop, Whiteman Air Force Base, Raider, Air Force, Islamic, U.S . Air Force, Mitchell Institute for Aerospace Studies, Boeing, Air Locations: Yemen, Iran, Gulf of Aden, United States, Missouri, Soviet, Australia
Liam Payne, a singer who was part of One Direction, died Wednesday at the age of 31. One Direction was one of the most successful pop acts of the 2010s before they went on hiatus. The band never reformed, and Payne struggled to break out as a solo artist. AdvertisementThe death of Liam Payne, once part of One Direction, was a dark and abrupt turn for a person in a boy band that reinvigorated the pop-music industry. They became international stars, filling a gap in the market for a new type of boy band.
Persons: Liam Payne, Payne, , Harry Styles, Louis Tomlinson, Niall Horan, Zayn Malik, Simon Cowell, Stephen Graham, Michael Tran, Forbes, Taylor Swift, Savan, Stone, Kotecha, Alexis Petridis, Karwai Tang, WireImage Payne, Cowell, Rolling Stone, Styles, Payne's, would've Organizations: Service, Goldsmiths , University of London, Guardian, Billboard, YouTube, iFL Locations: Buenos Aires, Argentina, London
Steve Martocci, cofounder of GroupMe, Blade, and Splice, is back with a new consumer health app. His startup, SuppCo, helps people find trusted supplements and track their health progress. The startup, called SuppCo, just raised a $5.5 million seed round co-led by Union Square Ventures and True Ventures, and including BoxGroup and Compound. SuppCoBuilding consumer trustMartocci first started taking supplements after GroupMe sold to Skype, when he was struggling with his health and weight. He clarified that SuppCo will never sell its users' data, and won't rely on ad revenue or notch partnerships with supplement companies.
Persons: Steve Martocci, , Martocci, he's, Martocci's, she'd, Nick Michlewicz, Bryan Johnson, Joe, Adam D'Augelli, GroupMe, SuppCo's, Michlewicz, SuppCo, Nick Michlewicz's, what's, Andy Weissman Organizations: Union Square Ventures, True Ventures, Service, East, TechCrunch, Skype, Square Ventures, Ventures, Food and Drug Administration Locations: New York
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