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Taiwan’s leading computer chip maker, TSMC, said Thursday that its net profit surged nearly 40% in the last quarter, boosted by the surge in use of artificial intelligence. Taiwan Semiconductor Manufacturing Corp. is the world’s biggest semiconductor manufacturer. It reported a net profit of a record 452.3 billion new Taiwan dollars ($15 billion) in the July-September quarter, higher than analysts’ forecasts. The company earlier said its revenue jumped 30% year-on-year in the last quarter. TSMC has been building chip fabrication plants in the United States and Japan to help hedge against risks from China-U.S. trade tensions. The chipmaker is a major supplier to compani…

Except for the skeletons of demolished buildings or the occasional new construction site, the Pacific Palisades—the wealthy, elevated coastal enclave of Los Angeles that was consumed by wildfires in January—remains mostly blank. Much of the wreckage, rubble, soil, and plant life has been scrapped and removed by the Army Corp of Engineers. Trees are among the few elements of the area that remain as they were, remnants of the community’s long obsession with them, including famous residents like Abbot Kinney and Will Rogers. In a landscape now devoid of landmarks, such survivors (roughly 75% of street trees made it through the fire) tell a story and connect residents to …

One of the stocks with the highest surges in premarket trading this morning is Beyond Meat, Inc. (Nasdaq: BYND). As of the time of this writing, shares in BYND are up a staggering 67% before the opening bell. But what’s driving this surge? Here’s what you need to know. Beyond Meat’s recent struggles Today’s premarket stock price jump follows a significant rally on Friday for Beyond Meat, the California-based producer of plant-based meat alternatives, whose shares closed up more than 24% to end the trading week at 64 cents per share, according to data from Yahoo Finance. The stock price surge, which is now in its second trading day, may come as a surprise t…

Brian Chesky, the CEO of Airbnb, still admires Facebook. Not the Facebook of today, but the Facebook circa 2005. When it pretty much just told you someone’s birthday and let you poke ’em. “It would still be a great product!” exclaims Chesky. “We’re not going to be that company [making it], but there’s still a need for it.” But while Chesky doesn’t want to build Facebook 2.0, he is laying the groundwork for Airbnb to become something much closer to a social network. Airbnb’s fall updates launching today are but the first steps in a significant reframe of the experience of using Airbnb—one that is moving it closer to social networking, and another that embeds i…

My friend turned to me the other day with a sly smirk and whispered, “Are you also part of Group 7?” I shook my head, unsure of what she meant—feeling left out of whatever secret club she was referring to. It didn’t take long for the algorithm to catch up with me. Within a few hours, my For You Page on TikTok was flooded, and before I knew it, I, too, was officially part of the internet’s newest inside joke. “Group 7” began as a simple experiment by musician Sophia James, who wanted to promote her new song So Unfair—and experiment with the quirky nature of TikTok’s algorithm. TikTok’s For You Page, or FYP, described by the Guardian as “uncannily good at predi…

The Louvre in Paris reopened on Wednesday, three days after thieves made off with historic jewellery worth an estimated 88 million euros ($102 million) in a spectacular heist that has raised urgent questions over security lapses at the museum. Visitors queued to enter through the Louvre’s glass pyramid for the first time since Sunday’s brazen robbery, in which hooded assailants broke through a second-floor window using a stolen movers’ lift before making off with jewels from the royal collection. Later on Wednesday the museum’s director will appear before the French Senate to answer lawmakers’ questions. The Galerie d’Apollon, the ornate gilded hall that was r…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Zillow economists just published their updated 12-month forecast, projecting that U.S. home prices—as measured by the Zillow Home Value Index—will rise +1.2% between August 2025 and August 2026. Heading into 2025, Zillow’s 12-month forecast for U.S. home prices was +2.6%. However, many housing markets across the country softened faster than expected, prompting Zillow to issue several downward revisions. By April 2025, Zillow had cut its 12-month national home price outlook to -1.7%. However, in recent months, Zillow has stopped issuing downward r…

Tesla is recalling more than 63,000 Cybertrucks in the U.S. because the front lights are too bright, which may cause a distraction to other drivers and increase the risk of a collision. The National Highway Traffic Safety Administration said that the recall includes certain Cybertrucks with a model year between 2024 and 2026. The vehicles were made between Nov. 13, 2023, and Oct. 11, 2025, with operating software versions prior to 2025.38.3. The agency said that Tesla is not aware of any collisions, injuries, or fatalities related to the condition. Tesla, which is run by billionaire Elon Musk, is issuing a free software update to correct the issue. Earlier…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. National home prices rose 0.01% year over year from September 2024 to September 2025, according to the Zillow Home Value Index reading published on October 16—decelerated from the 2.4% year-over-year rate from September 2023 to September 2024. This year, the number of major metro-area housing markets seeing year-over-year declines has climbed. —> 31 of the nation’s 300 largest housing markets (10% of markets) had a falling year-over-year reading from January 2024 to January 2025. —> 42 of the nation’s 300 largest housing markets (14%) h…

Over the last five years, artificial intelligence has shifted from a fringe interest to one of the most important drivers of global economic growth. So important has the technology become that the United Nations Security Council held its first open debate on artificial intelligence last month. While little of substance was achieved, a General Assembly resolution authorizing the creation of an independent scientific panel on AI may have a more enduring impact. One of the core questions this panel will seek to answer is how AI can support sustainable economic development without entrenching inequality. The potential dangers here have deep historical parallels. AI runs o…

It’s official: Twitter.com is about to bite the dust forever. According to a series of tweets from X’s @Safety account, posted between October 24 and October 25, the social media platform plans to finally retire the Twitter domain on November 10. Currently, searching for Twitter.com still leads directly to X, but soon, that will no longer be an option. The domain’s phase-out comes more than two years after Twitter owner Elon Musk renamed the platform X in July 2023, much to the dismay of many loyal users. At the time, critics argued that the rebrand was destined to fail, with some going so far as to call it “brand suicide.” And while many former users …

The world’s largest retailer has announced massive job cuts before the holidays. On Tuesday, Amazon said in a memo to staff that it will lay off 14,000 employees. Here’s what you need to know about the Amazon layoffs, and why these aren’t the last jobs that Amazon will likely cut in the future. What’s happened? On Tuesday, Amazon’s senior vice president of people experience and technology, Beth Galetti, announced the company was eliminating “approximately 14,000” positions. Galetti sent a memo about the layoffs to Amazon employees, which was then published to the Amazon website. The headcount reduction of 14,000 positions is less than the up to 30,000 job …

A shortage of air traffic controllers caused more flight disruptions Monday around the country as controllers braced for their first full missing paycheck during the federal government shutdown. The Federal Aviation Administration reported staffing-related delays on Monday afternoon averaging about 20 minutes at the airport in Dallas and about 40 minutes at both Newark Liberty International Airport and Austin-Bergstrom International Airport. The delays in Austin followed a brief ground stop at the airport, meaning flights were held at their originating airports until the FAA lifted the stop around 4:15 p.m. local time. The FAA also warned of staffing issues at a facilit…

Apple suppliers Skyworks Solutions and Qorvo will merge in a cash-and-stock deal to create a radio chip company with an enterprise value of $22 billion. Qorvo shareholders will receive $32.50 in cash and 0.96 of a Skyworks common share for each Qorvo share held at the close of the transaction, which is expected in early 2027, pending shareholder and regulatory approvals. Activist investor Starboard Value, which owns about 8% of Qorvo, has already signed off on the deal. On a conference call with investors Tuesday, Skyworks said its biggest customers also expressed approval of the merger. After closing, Skyworks shareholders will own roughly 63% of the combined…

Starbucks’s reign as the world’s leading coffee company is faltering. And the new CEO, Brian Niccol, wants to fix it. Mark Wilson explains. View the full article

Yes, it’s that time of year again, when most of the U.S. “gains” an extra hour of sleep as we “fall back” from daylight savings to shorter days, colder nights, and standard time. This Sunday, November 2, at 2 a.m local time, we will turn back our clocks to 1 a.m—and that will last until March 8, 2026 (when we will once again usher in daylight saving time). Although getting an extra hour of sleep sounds like a win, here’s what really happens to your health when the clocks change. Darker nights disrupt the body’s natural clock Darker evenings actually disrupt our body’s natural circadian rhythm, our mood, and our metabolism, according to Dr. Zaid Fadul, CEO …

A deadly outbreak of Listeria monocytogenes linked to prepared pasta meals is continuing to spread across the United States. Since September 25, the Food and Drug Administration (FDA) and Centers for Disease Control and Prevention (CDC) have identified three new states with infections, bringing the total number to 18 states. The agencies first reported food recalls associated with the outbreak in June. In the last month, seven new cases have been identified, alongside six new hospitalizations. That brings their respective totals to 27 cases and 25 hospitalizations since the outbreak began. Two more deaths have also been reported, with six deaths record…

A voluntary layoff? In this economy? The mass layoff meat grinder is out in full force this week. In just the past couple of days, thousands of workers have fallen victim to job cuts at Amazon, Target, Paramount, CBS, and other large companies. YouTube has also quietly introduced voluntary exit packages for employees who are willing to be laid off with severance benefits, according to an internal memo first reported by Alex Heath’s Sources AI newsletter. Adding words like “opt in” or “voluntary” in front of separation, retirement, and severance packages is the new way to soft-launch layoffs, in the hope of making the idea of losing one’s job slightly more pal…

It’s certainly been a spooky week for the Walt Disney Co. and Google. The two corporations are in the midst of a carriage dispute that has resulted in a blackout of Disney’s networks on Google-owned YouTube TV, leaving viewers unable to access popular channels including ESPN and ABC. Disney began notifying viewers on October 23 about the dispute and warning that its networks could be removed from the pay-TV streaming platform. All of that came to a head in the last 48 hours as the two parties failed to come to an agreement on a new deal, and YouTube TV began removing Disney’s networks about 30 minutes before the previous carriage deal expired at midnight Eastern t…

As more than 19 million U.S. college students prepare to wrap up their fall semester and begin looking ahead to securing internships and jobs next spring, it’s natural for them—and their families—to worry about the fate of the job market in the age of AI. Indeed, Anthropic’s CEO predicted this summer that within the next five years—and maybe even sooner—adoption of AI could reduce entry-level hiring in white-collar professions by 50%. The impact is already being felt: postings for early-career corporate jobs are down 15%, while applications have spiked 30%. A separate Stanford study found that AI displacement, at this point, seems to be disproportionately affecting younge…

It’s 10 a.m. on an October morning, and I’m in the middle of a one-on-one Zoom interview when a sudden trilling sounds from behind me. I try to ignore it, but several other strange noises follow. My eyes glaze over as I commit myself to feigning complete obliviousness to my sonic surroundings. It’s easier than explaining that the noises are coming from my AI-powered pet. This awkward encounter came thanks to Moflin, a $429 AI pet built by the electronics company Casio. According to Casio’s official description, the Moflin is “a smart companion powered by AI, with emotions like a living creature.” This robot friend looks a bit like a Star Trek tribble, in that it’s an …