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Indexes edge higher, yields fall ahead of the Fed’s favorite inflation gauge
Wall Street traders on Thursday were bracing for PCE inflation data for May. Momo Takahashi/BI Stocks ended Thursday slightly higher ahead of a key update on inflation. PCE for May will be published on Friday morning, providing new hints about when rate cuts may be coming. Chip firms Nvidia and Micron dipped in Thursday’s session, […]
Taiwanese research firm says TSMC will maintain foundry lead until at least 2032 — US expected to account for 28% of leading edge manufacturing
Credit: TSMC Taiwanese companies, led by TSMC, are the world’s foremost manufacturers of logic chips. Taiwan’s semiconductor industry will maintain that lead until at least 2032, according to Yang Ruei-Lin, Director of the Industry, Science and Technology International Strategy Center at the Industrial Technology Research Institute (ITRI), reports TechNews.tw. The Semiconductor Industry Association has made similar predictions. […]
US stocks edge lower as investors watch for cues
Rivian (RIVN) is ripping higher by 39% in the pre-market after its buzzy $5 billion deal with Volkswagen (VWAGY). The deal is broken down into a $3 billion direct equity investment into Rivian and $2 billion investment into a 50/50 owned joint venture. The company will be holding an investor day Thursday at its Illinois […]
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