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Archive: 2025-03-04 (566) - Page 12/12 (16)

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TSMC Shares Plummet Following $100 Billion US Investment Announcement.

TSMC shares fell 2.25% on Tuesday following the announcement of a $100 billion investment in the United States. The move is seen as a strategic step to expand the company's manufacturing capabilities and increase its presence in the global chip market. TSMC plans to establish new facilities and hire thousands of workers to support the increased production.

TSMC Invests $100 Billion in US, Shares Fall

TSMC's decision to invest $100 billion in the United States has sent shockwaves through the tech industry, as the world's largest contract chipmaker announced plans to establish a massive manufacturing presence on American soil. The investment, which will create thousands of jobs and drive innovation in the sector, is a significant shift for TSMC, which has historically been based in Taiwan. This move also underscores the growing importance of the US market for companies like TSMC.

Kim Yo Jong Criticizes U.S. for Increased Provocations

North Korea's Kim Yo Jong has accused the Trump administration of escalating "provocations" against the country, which she claims justified North Korea's decision to increase its nuclear deterrent. The criticism comes after the visit of a U.S. aircraft carrier to South Korea, seen as a show of force against North Korea. The situation highlights the ongoing tensions between the two nations, with both sides engaging in rhetorical battles.

FBI's NY Chief Retires Amid Pushback over January 6 Probe Investigation

The head of the FBI's New York office has retired after pushing back on a request by President Donald Trump's administration to provide a list of agents who worked on the investigation into the January 6, 2021, attack on the U.S. Capitol. James Dennehy served in various roles at the bureau for 23 years and was informed of his retirement just days after expressing concerns about good people being targeted within the FBI. The move comes amid broader efforts by Trump's administration to remake the U.S. Justice Department and the FBI.

RX 9070 Series Path Tracing Demo Suggests Large Gap with RTX 50-Series GPUs

The recently released AMD tech demo showcases advancements in the RX 9070 series' path tracing capabilities, but its effectiveness in reducing artifacts remains uncertain. While improvements have been made, the demo still reveals weaknesses, such as ghosting and blurriness in certain environments. The demo's overall performance is also being compared to that of Nvidia's RTX 50-series GPUs.

AMD's Path Tracing Struggles Leave Room for Debate Over Value of New RX 9070 Series.

A recent AMD tech demo showcasing advancements in path tracing effects for the RX 9070 series has left gamers and enthusiasts divided over its potential value. While the improved ray tracing capabilities demonstrate progress, they also highlighted areas where the new GPUs still lag behind Nvidia's offerings. The demo's limitations have sparked debate about whether the RX 9070 XT's raw power justifies its price tag, while the weaker RX 9070 model's $50 lower cost raises questions about its value proposition.

US Tariffs Take Effect Amid Market Jitters.

US stock futures held steady as Wall Street prepared for President Donald Trump's broad tariffs on America's top trading partners to take effect. Futures attached to the S&P 500 climbed 0.2%, Nasdaq futures rose 0.3%, and Dow Jones futures pushed up 0.1% from the flatline. The countries had been negotiating with the Trump administration to avoid the tariffs, but Trump said there is "no room left" for Canada or Mexico to strike a deal.

Ukraine Can Hold Out on Frontline, Kyiv Says After Trump's Military Aid Pause

Ukraine has maintained its ability to supply its front lines despite the U.S. pause in military aid, while President Zelenskiy remains silent on the issue. The aid freeze has sparked tensions between Washington and Kyiv, with the Kremlin saying it is a step towards peace. Ukraine's military capabilities have been bolstered by EU and other international support since the start of the conflict.

Don't Wait for Max – Grab 12 Months of Binge for Just AU$4.99p/m.

Binge is offering a limited-time deal for its Basic plan at AU$4.99 per month, positioning itself amid uncertainty as HBO's Max streaming service prepares to enter the Australian market. While concerns loom over the future availability of HBO content on Binge, the platform still provides significant value with its diverse library, including popular series like Mr Inbetween and Colin From Accounts. As Binge navigates this transitional period, it remains to be seen how the service will adapt to maintain its subscriber base and content offerings.

Tesla Chair Robyn Denholm Sells $33 Million in Stock

Tesla chair Robyn Denholm has sold about $33.7 million in the electric vehicle maker's stock, a filing with the Securities and Exchange Commission showed on Monday. The sale, which occurred alongside another transaction last month for gross proceeds of around $43.2 million, indicates that Denholm is liquidating her shares as she exits her role at Tesla. This move comes after Denholm testified in Elon Musk's $56 billion pay package case, where she stated that her board tenure at Tesla netted her approximately $280 million.

Tesla Chair Robyn Denholm Sells $33 Million in Stock.

Denholm, who has been Tesla's board chair since November 2018, sold 112,390 securities in the automaker, according to the filing. Earlier this year, Denholm, alongside other Tesla directors, received court approval for a settlement worth up to $919 million that requires they return compensation to resolve allegations they overpaid themselves. The sale of Denholm's stock comes amid heightened scrutiny of executive compensation and governance at Tesla.

The Best Phone to Buy Right Now.

Consumers seeking a new smartphone can find a variety of reliable options that prioritize usability over groundbreaking innovation. Current offerings include solid choices across different price ranges, with features that cater to everyday needs while ensuring longevity in software updates and performance. The market reflects a shift towards iterative improvements rather than dramatic changes, allowing users to find devices that seamlessly integrate into their daily lives.

Factbox - The Five Cryptocurrencies Trump Wants the US to Hold in Reserve.

U.S. President Donald Trump has proposed a new strategic reserve of cryptocurrencies, which includes XRP, SOL, and ADA, along with Bitcoin and Ether, aiming to bolster the U.S. government's digital asset portfolio. This announcement, made via Truth Social, surprised traders, particularly due to the inclusion of lesser-known tokens, which resulted in a surge in their market prices. The initiative reflects Trump's continued engagement with the cryptocurrency sector and highlights the growing importance of digital assets in the financial landscape.

The Five Cryptocurrencies Trump Wants the US to Hold in Reserve

U.S. President Donald Trump has named five cryptocurrencies he wants to be part of a new strategic reserve, including XRP, SOL, ADA, bitcoin, and ether, which will be owned by the U.S. government. The selection of these tokens is surprising, with lesser-known tokens like XRP and SOL being chosen over more popular ones like bitcoin and ether. Trump's executive order on digital assets aims to create a stockpile of these cryptocurrencies.

Methane Detection Gains Ground with New Technologies.

New methane detectors are making it easier to track the greenhouse gas, from handheld devices to space-based systems, offering a range of options for monitoring and detecting methane leaks. The increasing availability of affordable sensors and advanced technologies is allowing researchers and activists to better understand the extent of methane emissions in various environments. These new tools hold promise for tackling both small leakages and high-emitting events.

Government Announces Changes to Employment Rights Bill.

The UK government has announced significant changes to its Employment Rights Bill, including a ban on exploitative zero hour contracts for agency workers. Agency workers will be entitled to a minimum number of guaranteed hours each week, and those who choose zero hour contracts will also be eligible for compensation if their shifts are changed at short notice. The amendments aim to provide better protections for workers in the gig economy.