Category: Finance

Taiwan Semiconductor Manufacturing Co (TSMC), the world’s leading semiconductor producer, has announced plans to invest $100 billion in the United States by 2030. This investment follows last week’s historic $500 billion commitment from Apple to boost U.S. manufacturing. The new capital will fund the construction of three additional chip manufacturing plants and two packaging facilities. […]

Get ready to pay more for avocados, maple syrup and – well – almost everything. The U.S. officially imposed new 25% tariffs on Canada and Mexico on March 4, 2025, following through on a long-delayed pledge from President Donald Trump. American consumers and businesses are now bracing for higher costs and potential supply disruptions. Although […]

The 50 American individuals and couples who gave or pledged the most to charity in 2024 committed US$16.2 billion to foundations, universities, hospitals and more. That total was 33% above an inflation-adjusted $12.2 billion in 2023, according to the Chronicle of Philanthropy’s latest annual tally of these donations. Media mogul and former New York City […]

In a significant boost to the AI landscape, Anthropic, a US-based tech company, has secured a staggering US$3.5 billion in a funding round led by Lightspeed Venture Partners. This investment has propelled Anthropic to a post-money valuation of US$61.5 billion, underlining the confidence of investors in the company’s potential. The infusion of capital will fuel […]

Finding fulfilling and motivating work is a challenge for many people, but it can be especially difficult for those just starting their careers. And as Generation Z professionals – those born between 1997 and 2012 – increasingly seek personalized career paths, managers are tasked with helping employees find meaning in their roles while also meeting […]

Labeling businesses as Black-owned can significantly boost their sales, we found in a recent study. In June 2020, the business-review website Yelp introduced a feature allowing consumers to search for Black-owned restaurants. As professors who study digitization, inequality and the economics of technology, we were interested in understanding its effect. So we analyzed more than […]

For all the apparent division over Black Lives Matter, the movement may have had a widespread and positive impact on Americans’ support for policies that help the poor. Since the Black Lives Matter movement launched in 2013, several studies using a range of datasets have all found that Americans’ views of Black people have become […]

Donald Trump’s animosity toward multilateralism and international organizations is well known. Just hours after taking office on Jan 20, 2025, the U.S. president announced his intention to withdraw from the World Health Organization and the Paris agreement on climate change. Could the International Monetary Fund and the World Bank be next? Certainly, supporters of the […]

On Valentine’s Day 2025, heavy rains started to fall in parts of rural Appalachia. Over the course of a few days, residents in eastern Kentucky watched as river levels rose and surpassed flood levels. Emergency teams conducted over 1,000 water rescues. Hundreds, if not thousands of people were displaced from homes, and entire business districts […]

Thoma Bravo, the Chicago-based software investment giant, has successfully closed its debut European-focused fund at €1.8 billion ($1.9 billion), surpassing its initial target of €1.5 billion. The newly launched Thoma Bravo Europe Fund will target mid-market software companies in key European markets, capitalizing on the region’s accelerating digital transformation. The firm highlighted that European software […]