Shares of Taiwan Semiconductor Manufacturing Company (TSM) — commonly referred to as TSMC — are moving higher after the Biden administration announced it will give $6.6 billion in federal grants to the chip maker, as the company adds another $25 billion to its planned investment into the state of Arizona, totaling up to $65 billion in investments into domestic chip operations. Yahoo Finance Anchors Seana Smith and Jared Blikre break down the latest development for the company in the AI chip space. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Nicholas Jacobino
Shares of Taiwan Semiconductor Manufacturing Company (TSM) — commonly referred to as TSMC — are moving higher after the Biden administration announced it will give $6.6 billion in federal grants to the chip maker, as the company adds another $25 billion to its planned investment into the state of Arizona, totaling up to $65 billion in investments into domestic chip operations.
Yahoo Finance Anchors Seana Smith and Jared Blikre break down the latest development for the company in the AI chip space.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
Editor's note: This article was written by Nicholas Jacobino
Barrons.com
Wall Street hopes for a quick follow-up to Bitcoin ETFs are fading fast. The Securities and Exchange Commission technically has until late May to approve or deny applications to launch the first exchange-traded funds that would hold Ether the second-largest cryptocurrency. On May 23, the agency faces a final deadline to make a decision on an application by VanEck for changes that would let it launch an ETF holding spot Ether, which has a market value of about $400 billion.
Reuters
(Reuters) -Spirit Airlines said on Monday it has reached a deal with Airbus to delay all aircraft deliveries scheduled from the second quarter of 2025 through 2026 and intends to furlough about 260 pilots, as the U.S. carrier looks to save cash. As a result of the deferrals, along with quality issues with engines made by supplier Pratt & Whitney, Spirit is furloughing pilots effective Sept. 1. A snag with Pratt & Whitney Geared Turbofan (GTF) engines has forced Spirit to ground some of its A320neo aircraft, pinching the company at a time when it is already grappling with a cash crunch.
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