TSMC cuts profitability target as cost of diversifying supply chains bites

World’s biggest chipmaker faces less efficient operations in US and Japan but gets boost from AI demand

Topics

BP axes 4,700 jobs in cost-cutting drive

UK energy major under pressure from shareholders to turn around its performance
Financial Times - 40m
BP to cut 4,700 jobs to reduce costs

The job losses at the oil giant will affect more than 5% of its global workforce.
BBC News - 54m
Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom

Taiwan computer chip maker TSMC has reported its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom
ABC News - 2h
TSMC net profit hits record high as fourth-quarter results top expectations on robust AI chip demand

TSMC, the world's largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited from the megatrend in favor of AI.
CNBC - 4h
Spike in UK borrowing costs raises specter of public spending cuts

Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.
CNBC - 3d
Companies move to strengthen supply chains on Trump trade war fears

Conference Board survey highlights increasing concerns over impact of threatened tariffs on goods and services
Financial Times - 3d
Walgreens shares soar 27% on big earnings beat, as drugstore chain cuts costs

Walgreens maintained its fiscal 2025 adjusted earnings guidance, but did not include a sales outlook in its release.
CNBC - 5d
Tips for cutting down winter heating costs and electricity bills

From setting your thermostat between 68 and 70 degrees to properly sealing your home, NBC’s Vicky Nguyen joins TODAY to share ways you can save on home heating and electricity bills during the ...
NBC News - Jan. 8
Did a Targeting Non-Call Cost Arizona State the Peach Bowl?

Targeting has been college football’s most controversial rule since it was implemented in 2008.
The New York Times - Jan. 2

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The Guardian - 24m
Crowds attend Paris memorial for far-right French leader Jean-Marie Le Pen under tight security

Yahoo News - 33m