weak

Wall Street stumbles after weak data and hawkish comments from the Fed

Wall Street stumbles after weak data and hawkish comments from the Fed

The Fed’s decline rate is rising Bullard and Mister US retail sales fell in December Indices down: Dow 1.28%, Standard & Poor’s 1.07%, Nasdaq 0.78% (Reuters) – Wall Street’s main indexes fell on Wednesday after weak economic data and hawkish comments from Federal Reserve officials raised concerns that the central bank may not stop raising …

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TSMC cuts capex for 2023 after recording a fourth quarter with weak chip demand

TSMC cuts capex for 2023 after recording a fourth quarter with weak chip demand

Fourth-quarter profit of NT$295.9 billion, compared to NT$289.44 billion, analysts say Fourth-quarter revenue increased 26.7% year-over-year to $19.93 billion Capex achieved 2023 at $32-36 billion compared to $36.3 billion in the previous year The company plans to increase production abroad TAIPEI (Reuters) – Taiwanese chipmaker TSMC (2330.TW) on Thursday warned that first-quarter revenue will drop …

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