TSMC Hikes Revenue Outlook in Show of Confidence in AI Boom

Published on October 17, 2024

Taiwan Semiconductor Manufacturing Co. raised its target for 2024 revenue growth after quarterly results beat estimates, allaying concerns about global chip demand and the sustainability of an AI hardware boom.

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Boeing Is Flexing the Financial Muscle It Has Left

October 17, 2024
Boeing Co. is flexing its financial muscle even in light of a crippling labor strike and a disgraceful period of execution that resulted in two deadly plane crashes, the near-disaster of a midair door-panel blowout and whistleblowers who have detailed a culture of putting profit over quality.

US Mortgage Rates Climb to 6.52%, Highest Since Early August

October 17, 2024
US mortgage rates rose sharply for a second straight week, reaching the highest level since early August while prompting steep declines in both home-purchase and refinance activity.