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Chip giant Taiwan Semiconductor Manufacturing Co. is supercharging an already massive US investment spree – pledging an additional $100 billion to meet surging AI demand. The move brings TSMC’s investment in the US to $265 billion and comes as the company posted second-quarter earnings that blew past market expectations Thursday. TSMC, which supplies powerful chips that are critical for tech giants like Apple and Nvidia, boosted its global capital spending plan for 2025 to between $60 billion and $64 billion. That record level marks an increase of about 7% to 14% from its previous forecast. Still, TSMC’s US-listed shares slipped...

The mass amnesty of over 1.2 million illegal migrants set in motion by Spain’s socialist government will “collapse” the issue of foreign national identity cards, police officers warned on Wednesday. Unnamed police officers that warned of the situation to local outlets reportedly affirmed that the nation is ill-prepared to withstand the sheer workload of issuing that many cards over the next months — with the added problem of “mafias” reselling appointment slots for sums of money. The Spanish government, led by Prime Minister Pedro Sánchez, is currently in the processing phase of the over 1.2 million applications for mass amnesty...

President Donald Trump on Wednesday blasted New York's new pause on AI data center development, arguing the state is turning away one of the biggest economic opportunities of the AI boom. "One of the biggest Driving Forces in the Future for Jobs, are Data Centers," Trump wrote on Truth Social, calling the facilities "Money Machines" and "Cash Cows" that generate jobs and tax revenue. He urged New York to reverse course "IMMEDIATELY," arguing companies would instead build projects in states such as Texas, Arizona, Alabama, and Florida.

Calls the health secretary's maneuvering to avoid congressional scrutiny "despotic"Sen. Ron Wyden (D-Ore.) filed a Hatch Act complaint, accusing Health Secretary Robert F. Kennedy Jr. of potential election interference. In a letter to the Office of Special Counsel calling for an investigation, the Senate Finance Committee's ranking member said Kennedy interfered in at least two congressional races in Iowa, "baiting and bullying third-party candidates to drop out of their respective races," with the goal of maintaining a Republican majority in Congress. "Kennedy has spent 16 months using his official position to undermine the health and well-being of his fellow Americans,...

Insider accounts reveal the scale of the health secretary's ambitions to curb childhood immunizations and unearth a link between vaccines and autism.A U.S. health secretary prepared to spend billions to seek a link between vaccines and autism. Vaccine skeptics shaping policy. A proposal to eliminate the entire federal immunization schedule for American children. Robert F. Kennedy Jr. has brought a series of once-unthinkable public-health proposals to the highest levels of the Trump administration since becoming health secretary early last year, according to Reuters interviews with 16 current and former officials with direct knowledge of the discussions. The officials, from the...

The bottom 50% of households in the U.S. own only $4.27 trillion of the nation's $174 trillion in available wealth. By contrast, the top 0.1% own $25.07 trillion, and the top 99 to 99.9% own a little under $30 trillion, according to Federal Reserve data. With AI now supercharging the stock market, and richer families already owning the majority of those assets, that divide is only likely to widen. Jamie Dimon, CEO of JPMorgan Chase, is well aware of this phenomenon. In fact, the man worth more than $3 billion according to Forbes says he understands why people are "anti-rich."...

On July 8, 2026,Turkey’s President, Recep Tayyip Erdogan gave presents to the other leaders of North Atlantic Treaty Organization (NATO) member nations. The gifts were given at the meeting in Turkey. The present appears to be a rare Gümüsay .357 revolver, which was made by the Turkish company MKE about 30 years ago. Giving presents to NATO leaders is not unusual. Giving firearms to leaders of other countries was not unusual before WWI. Over a hundred years of demonization of civilian ownership of firearms has made it unusual. The revolver came in a presentation box which seems to have a...

A 61-year-old man was partially pulled through a cabin window after it dislodged on a Ryanair Boeing 737 shortly after take-off from the Greek city of Thessaloniki. His wife and nearby passengers managed to pull him back inside as the plane descended. Svetlana Maksimovic says her husband's face has been "completely disfigured" and that he is struggling to recover in hospital Svetlana Maksimovic and her husband, Ljubisa Karovic, had just settled into a Ryanair flight last week when they heard a deafening bang. Seconds later Ms Maksimovic turned to see her 61-year-old husband being sucked through a dislodged cabin window....

As my colleague Ward Clark reported on Friday, the U.S. House of Representatives moved the Sunshine Protection Act, which would make Daylight Saving Time permanent throughout the United States, from committee to the House floor for a vote. On Tuesday, the full House voted and passed the Act, 308-117. VIDEOS AT LINK.................. The House on Tuesday voted to make daylight saving time permanent nationwide, amid a yearslong push to end the twice-annual clock changes. The bill, titled the Sunshine Protection Act, passed in a 308 to 117 vote. In addition to keeping clocks shifted one hour ahead, which happens in...

In Virginia Lee Burton's classic 1939 children's book "Mike Mulligan and his Steam Shovel," Mulligan often boasted that his steam shovel, Mary Anne, "could dig as much in a day as a hundred men could dig in a week, but he had never been quite sure that this was true." By the end of the story, Mulligan never gets the chance to prove his boast because electric, diesel and gasoline shovels have taken away nearly all of Mary Anne's work. Still, he finds an ingenious way for the old steam shovel to remain useful. When Burton wrote those words, she...

A California city is moving to enact a permanent ban on new drive-thru restaurants, spurred on by a group of vocal locals who have organized to oppose a potential new In-N-Out location. While many other cities (and states) openly court the privately owned, Southern California-founded burger chain in hopes of attracting its business, Culver City isn’t swayed by the scent of animal-style fries and mustard-grilled Double-Doubles. The stand-alone city within Los Angeles County voted on Monday to extend a recently enacted 45-day moratorium on any new drive-thrus for another 10.5 months, giving city officials a long enough runway to draft...

The Los Angeles Times repeatedly fell months behind on payments to contractors and vendors — even stiffing one of its own marquee hires — as billionaire owner Patrick Soon-Shiong pressed ahead with plans to take the 144-year-old newspaper public, according to a report. Among those caught in the payment delays was investigative journalist Catherine Herridge, who struggled for months to collect money owed under her lucrative deal with the paper before finally getting paid after what sources described as a prolonged battle, the Status newsletter reported. A spokesperson for the newspaper appeared to confirm at least some of the allegations,...

President Trump on Tuesday backed off his proposed 20% toll for ships passing through the Strait of Hormuz in favor of investment deals that Persian Gulf states will ink with the US. Trump in a Truth Social post said the decision was “[b]ased on highly productive conversations with Middle East Leadership.” “Those Investments will be MASSIVE but, at the same time, extraordinarily good for them, and their future,” he added... Trump announced the new tolling scheme on Monday, declaring that the US would be the “guardian” of the Strait of Hormuz and would collect a reimbursement equal to 20% of...

Bank of America (BAC) CEO Brian Moynihan said the US economy was strong and that consumers remained resilient as the company reported a jump in its second-quarter profit on Tuesday."The U.S. economy has proved more durable than expected, supported by the strong consumer, ongoing AI-driven investments across the board, and easing energy costs," Moynihan said during the bank's post earnings conference call. Bank of America stock rose 2% in morning trading after the bank's profit jumped 27% last quarter to $9.1 bilion, with net income growth across every business segment. The results came as investors look for signs on how...

President Donald Trump signed an executive order drastically shrinking the size of two national monument areas in Utah on Monday. The order applies to the Grand Staircase-Escalante and Bears Ears national monuments, shrinking their total coverage by roughly 90% from 3 million acres to 300,000. The areas were established as federal monuments by President Bill Clinton in 1996 and Barack Obama in 2016, respectively. "They took the land from the people quite honestly," Trump said during the Monday signing ceremony. "We’re giving it back." Utah Gov. Spencer Cox also attended the signing and praised the move, saying the original size...

Inflation slowed more than expected in June, easing to an annual rate of 3.5% from 4.2% in May as lower gasoline prices helped cool price growth, according to Labor Department data released Tuesday. By the numbers Economists polled by the financial data firm FactSet predicted June inflation would rise at an annual rate of 3.9%. The cooler reading comes after three consecutive months of increases that pushed the CPI to its highest level in more than three years. Inflation slowed as a result of declining energy prices, with gasoline prices tumbling 9.7% in June from a month earlier. June's decline...

The US announced a new round of strikes on Iran on Monday, hours after President Donald Trump said that the United States is 'reinstating' a blockade on Iran in the Strait of Hormuz. 'We're taking out all of their capability for anything having to do with the strait, the Hormuz Strait,' Trump told CBS News Monday evening. 'And I think in the end we will end up just controlling the whole thing.' Trump said the US is prepared to hit Iran 'very hard' on Monday and Tuesday, saying the country’s heavily fortified nuclear facility at Pickaxe Mountain was a target....

Congress is finally putting America’s twice-a-year clock ritual on the floor. The House will vote Tuesday, July 14, on legislation that would stop the spring-forward, fall-back cycle and make daylight saving time permanent across most of the country. For millions of Americans, that means no more changing clocks in March and November. No more resetting the oven after every time change. No more watching sleep schedules, school mornings, work routines, and family calendars get knocked sideways because Washington keeps moving one hour back and forth. Rep. Vern Buchanan announced the floor vote Monday. Rep. Vern Buchanan says his Sunshine Protection...

New York has spent years aggressively taxing its wealthiest residents in the name of fairness, and the results are now in. Suffice it to say, they’re not pretty.A new study released Monday by the Citizen Budget Commission (CBC) reveals the state’s share of America’s millionaires has dropped sharply since 2010, triggering a nearly $11 billion shortfall in tax revenue in a single year as high earners quietly packed up and left for lower-tax states.The analysis shows New York’s share of millionaires fell from 12.7% in 2010 to just 8.7% in 2022 — the steepest decline of any state in the...

Erling Haaland and his taxidermy raccoon have touched back down in Norway after a sensational performance in his first FIFA World Cup “It followed me home,” Haaland joked in a post on social media after fans quickly circulated the photos of the Norwegian soccer star with his new decor. “It’s been quite a row, thank you for making it so special,” Haaland wrote in a post on X after Norway’s quarterfinals defeat by England Erling Haaland and his raccoon are back in Norway after the soccer star delivered a career-changing World Cup performance. As Haaland, 25, touched down back in...