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Throughout the massive growth of artificial intelligence and the infrastructure that powers it, Taiwan Semiconductor Manufacturing (TSM +0.17%) has been a consistent winner. TSMC, as it’s known, is the world’s largest chip foundry, producing advanced semiconductors for Nvidia, Advanced Micro Devices, Broadcom, and many others. TSMC holds a dominant 73% market share in the global foundry…
Prior month +18.2K Unemployment rate 6.4% vs 6.5% expected Prior 6.5% Full-time employment +38.6K vs +0.6K prior Part-time employment +36.6K vs +17.5K prior Participation rate 65.1% vs 65.0% prior Average hourly wages y/y 2.8% vs 3.3% prior Canada’s labour market strengthened further in July, with employment rising by 75.1K and the unemployment rate edging down…
The NYK Venus container ship, operated by Nippon Yusen KK, moored at the Oi Container Terminal in Tokyo, Japan, on Tuesday, July 8, 2025. Bloomberg | Bloomberg | Getty Images Japan exports in June grew at their fastest pace since November 2022, rising 19.3% from a year earlier, powered by shipments of semiconductor equipment and…
The “family fight” over setting the Fed Funds Rate that Federal Reserve Board Chairman Kevin Warsh has desired resulted in the Federal Open Market Committee (FOMC) maintaining its current 3.5% to 3.75% target at the second meeting under his leadership. “I asked for a good family fight, and I got one,” he said at Wednesday’s…
We are grateful to Cláudia Afonso and Rita Morais for insightful conversations. We also thank Alex Bryson, Steve Raphael, Enrico Moretti, Manudeep Bhuller, Attila Lindner, and René Böheim, as well as participants in the IR Berkeley Collective Bargaining Special Issue Conference, the 2025 Helsinki Workshop on Wages, Employment and Inequality, the 2026 Workshop on Labor…
“We can ship higher-quality products much, much more quickly,” an executive said in the wake of the company’s better-than-expected earnings report