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TSMC: $1 Trillion Market Cap

TSMC, Taiwan Semiconductor Manufacturing Company Limited, the multinational semiconductor manufacturing and design company that is used by Apple, Qualcomm, Huawei, Intel, AMD, and Nvidia for a series of chips, hit the $1 trillion USD market cap mark after its shares rose 4.8% on July 8, 2024. According to reports, the success is a result of…

Texas and The Tropical Storm Beryl

Intense rainfall has struck parts of Texas, leading to reports of floods and severe damage to infrastructure, with over 2 million homes and businesses without power. According to reports, Beryl, which was formerly a category 5 hurricane, made landfall in the Caribbean, leaving a destructive path while making its way towards Jamaica. It has now…

The First All-Electric NASCAR

NASCAR (National Association of Stock Car Auto Racing) is a popular auto racing organization in the United States. It was founded in 1948 and is headquartered in Daytona Beach, Florida. It is considered to be one of the top-ranked motorsports organizations in the world and is one of the largest spectator sports in America. According…

Carlsberg: $4.23 Billion Britvic Acquisition Deal

Carlsberg is a Danish multinational brewer founded in 1847 and headquartered in Copenhagen, Denmark. It is the 6th largest brewery in the world based on revenue and brews more than 500 different beers. According to reports, Carlsberg has announced plans to acquire Britvic for $4.23 billion USD as the company plans to expand into the…

John Deere To Layoff 600

Deere & Company, also known as John Deere, is an American corporation founded in 1837 and headquartered in Moline, Illinois. It is a manufacturer of agricultural machinery, heavy equipment, construction equipment, as well as parts and services. According to reports, John Deere has announced plans to lay off 600 employees across 3 factories in the…

Brazil: Bus Crash Kills 10

São Paulo is the most populous city in Brazil and the capital of the state of São Paulo. It has a population of 12.4 million residents as of 2020 and is the largest Portuguese-speaking city in the world. According to reports, a bus crashed into a central pillar of a bridge near the town of…

Bob’s Store Is Shutting Down

Bob’s Stores is a chain of retail stores in the northeastern United States, founded in 1954 and headquartered in Meriden, Connecticut. It offers a wide range of products such as clothing, footwear, and outdoor gear. According to reports, Bob’s Stores recently filed for Chapter 11 bankruptcy protection due to unpaid debts and, as a result,…

Microsoft: $14 Million Settlement

Microsoft has agreed to pay the sum of $14 million USD to settle a California agency’s claims that it illegally penalized workers who took Parental and Disability Leave. According to reports, employees who took leave from work due to pregnancy, disability, or to care for a sick family member received lower bonuses, were denied raises…

BYD Opens First EV Factory In Thailand

BYD, the Chinese automotive company that specializes in designing and manufacturing electric vehicles, has opened an electric vehicle factory in Thailand, its first in Southeast Asia. According to reports, the facility is worth $490 million USD and will be able to produce 150,000 vehicles annually. It will also assemble batteries and other important parts, and…

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