TSMC Kicks Off Next Gen 3nm Chip Production
Taiwan Semiconductor Manufacturing Co. has started the mass production of next-generation 3-nanometer chips at its Tainan campus in southern Taiwan. “TSMC is maintaining its technology leadership while investing significantly in Taiwan, continuing to invest and prosper with the environment,” TSMC Chairman Mark Liu said. He added that the demand for 3nm chips is “very strong.” […]
Crisis Averted: Joe Biden Approves $1.7 Trillion Govt Spending Bill, Avoiding Potential Government Shutdown
In a move to prevent the newly formed Congress from delving into a dispute with Republicans come January, Senate lawmakers passed a $1.7 trillion government funding bill just in the nick of time to make it home for the holidays ahead of winter weather. The bill made it through the Senate in a 68-29 vote […]
Was The Competition Tribunal’s Decision On Rogers-Shaw Merger Rushed?
The Competition Bureau has filed a notice of appeal with the Federal Court of Appeal to challenge the Competition Tribunal ruling allowing the pending Rogers Communications (TSX: RCI.B) and Shaw Communications Inc. (TSX: SJR) merger to proceed. The agency alleges the tribunal made legal errors in its rush to issue a judgement before the end of the year. “We […]
Canada-Germany Hydrogen Alliance: Dead at Inception?
Over the summer, Germany desperately succumbed itself to the mercy of Canadian Prime Minister Justin Trudeau, begging the former drama teacher to expedite the construction of new LNG terminals for shipping natural gas to Europe, and ultimately cut the continent’s dependence on Russian energy. Despite Germany’s most senior business and political leaders creating a lucrative […]
Canadian Airlines Suck: Study Reveals That Air Canada and WestJet Rank Lowest In On-Time Performance
A new report from Cirium Aviation Analytics has revealed that Canada’s two largest airlines, Air Canada and WestJet, faced a significant number of delays in 2022. The report, which analyzed the on-time performance of the 10 largest airlines in Canada and the United States, found that Air Canada ranked last, while WestJet ranked ninth. Air […]
Massive COVID Outbreaks In China Seem Certain To Ripple Through Global Economy
North American equity markets have so far largely ignored the rapid and enormous COVID outbreak in China that has engulfed the country after the abrupt removal of zero-Covid controls in early December. Amazingly, a senior Chinese health official on December 21 estimated that 250 million people, 18% of the population, were infected in just the first […]
US Pending Home Sales Plummet By Most on Record
The US housing market is in trouble: despite new home sales doing better than expected, not only did last month’s existing home sales crash— but pending home sales are faring even worse. The latest report from the National Association of Realtors (NAR) shows pending home sales fell for the sixth straight month across all regions, […]
Toronto Airport Baggage Backlog: Passengers May Not Be Reunited With Their Luggage Until After Their Vacation
Holiday season chaos at Toronto Pearson has left many passengers flying to their destinations without their luggage. These passengers are finding out now that they will likely have to wait until after their vacation before they can be reunited with their baggage. Photos from Terminal 3 of the Pearson Airport from earlier in the week […]
Competition Tribunal Approves Rogers-Shaw Merger Despite Considering Network Outage
The Competition Tribunal is dismissing the case put forth by the Competition Bureau to challenge the pending Rogers Communications (TSX: RCI.B) and Shaw Communications Inc. (TSX: SJR) merger, clearing another hurdle for the 20-month long deal to push through. “The Tribunal has determined that the proposed transactions and ancillary agreements comprising the arrangement are not likely […]
Will SBF’s Story Be The Next ‘The Big Short’?
Michael Lewis, author of “The Big Short,” “Moneyball,” and “The Blind Side” has acquired the book rights to the story of disgraced former FTX CEO Sam Bankman-Fried. Lewis was reportedly in a meeting with Bankman-Fried at the fallen crypto mogul’s parents’ home in Palo Alto where he’s being detained after his $250 million bail bond. […]