TSMC just reported a record month for revenue ahead of critical earnings report on Thursday

The headline figure blends two sub-indices tracking different aspects of household sentiment. The Pocketbook Index, which captures views on personal finances and job security, slipped to 51.88 from 52.91 four weeks earlier. The Expectations Index, covering outlooks for the broader economy and real estate prices, climbed to 50.60 from 48.81 over the same period. Nik…

Federal Reserve officials were split last month about the future of interest rates, with policymakers entertaining scenarios in either direction, according to meeting minutes released Wednesday. In Kevin Warsh‘s first meeting June 16-17 as chairman of the Federal Open Market Committee, participants saw outcomes where inflation could ease and allow lower rates, while others envisioned…

Critical raw material clubs can help diversify critical minerals supply chains by improving cooperation, investment, and resilience among trusted partners. Different types of CRM clubs are designed to address distinct economic challenges, including information gaps, coordination failures, commitment issues, and distributional conflicts. Effective CRM clubs require governance arrangements that are proportionate to the complexity of…

Key insight: The debts of a wealthy art collector and real estate mogul have opened an opportunity for Oklahoma’s Bank7 to acquire Century Bank of New Mexico. Supporting data: Bank7 has offered to pay $68 million for a 71% stake in the Santa Fe lender. Expert quote: “I think it’s a very compelling opportunity for…

By Siddhi Nayak and Divya Patil   Indian microfinance lenders are facing renewed strains on their portfolios as price pressures and weak monsoon threaten rural incomes, raising the risk of defaults across the industry’s $35 billion loan book.   “A weak monsoon could slow loan growth as lenders tighten underwriting standards and…

Schrödinger: Surviving, If Not Thriving, In The Tricky AI Drug Discovery Field