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Posts published in “Finance”

TSMC books 19% Q1 profit growth; says chip shortage likely last into 2022

By Yimou Lee and Ben BlanchardTAIPEI (Reuters) -Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said on Thursday it is doing all it can to increase productivity and alleviate a worldwide chip shortage, but that tight supplies will likely continue into next year.The world's biggest contract chipmaker said it is expanding capacity and working to keep pricing…

Amazon union in Alabama warehouse headed for defeat with half the ballots counted

Amazon (AMZN) has apparently clinched victory against a union drive at its warehouse in Alabama, The New York Times reported on Friday, noting that 1,608 votes had come in against the union and 696 in favor. While hundreds of votes haven't been counted, The Times noted that there were not enough votes to secure a…

With His Legacy In Mind, Biden Seeks U.S. Transformation With Infrastructure Plan

President Biden leaves after speaking about his sprawling $2.3 trillion American Jobs Plan on Wednesday. Brendan Smialowski/AFP via Getty Images hide caption toggle caption Brendan Smialowski/AFP via Getty Images President Biden leaves after speaking about his sprawling $2.3 trillion American Jobs Plan on Wednesday. Brendan Smialowski/AFP via Getty Images President Biden's infrastructure train is leaving…

Dow, Tech Stocks Rise Ahead Of Biden Infrastructure Plan; Apple, Boeing, Tesla Rally

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Suez Canal ship Ever Given partially refloated after huge effort to unblock key global trade route

SUEZ, Egypt — The giant container ship that has blocked traffic in the Suez Canal for the last week, bringing a key global trade route to a standstill and capturing the world’s attention, was partially refloated early Monday.It was unclear when the vessel would be fully set free but the progress raised hopes the crucial…

‘People are just shocked’: Turkey’s lira plunges after Erdogan sacks third central bank chief in two years

Exchange offices in Istanbul, Turkey seen on October 28, 2020. Due to the increase in exchange rates and the economic instability, people change currency and buy Turkish lira.Erhan Demirtas | NurPhoto via Getty ImagesTurkey's lira fell dramatically on Monday morning after President Recep Tayyip Erdogan fired the country's central bank chief — the third to…

Covid-19 live updates: Global rollout of AstraZeneca vaccine unchanged by Europe suspensions, WHO says

Please NoteThe Washington Post is providing this important information about the coronavirus for free. For more free coverage of the coronavirus pandemic, sign up for our Coronavirus Updates newsletter where all stories are free to read.Global distribution of the AstraZeneca coronavirus vaccine remains undisturbed by the shot’s suspension in much of Europe following reports of…