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U.S. Commerce chief says Taiwan's TSMC asked for help getting COVID vaccines
U.S. Commerce Secretary Gina Raimondo on Monday said she had spoken with the chief executive of Taiwan Semiconductor Manufacturing Co Ltd (TSMC) and that he had asked for help getting access to COVID-19 vaccines. Taiwan said two weeks ago it will allow officials from Taiwan's Foxconn and TSMC to negotiate on its behalf for COVID-19 vaccines.
The Wall Street Journal
Amazon Demands One More Thing From Some Vendors: A Piece of Their Company
Certain suppliers are asked to give Amazon the right to buy shares at potentially lower-than-market rates as part of their contract. Some companies say it’s an offer they can’t refuse; Amazon says the deals are tied to it providing large amounts of business to the vendors.
Housing Prices Are Going Up. Must They Crash?
Shut Out: How A Housing Shortage Caused the Great Recession and Crippled Our Economy. There are many reports of homebuyers getting into bidding wars and many cities where home prices have appreciated by well more than 10% over the past year. This naturally leads to a concern about market volatility: Must what goes up come down?
Yahoo Finance Video
How P90X maker Beachbody is taking on Peloton
Home workout video and fitness program company Beachbody went public under the ticker sign 'BODY' on Monday. The Beachbody Company Co-Founder, Chairman and CEO Carl Daikeler joins Yahoo Finance Live to discuss the company's success amid the pandemic and outlook for the fitness and nutrition space post-COVID.
China manufacturing slows as supply shortages roil Asia industry
The chip supply crunch has hammered other manufacturing powerhouses in Asia. Industrial output in Japan and South Korea slumped in May from the previous month as auto production declined due to semiconductor shortages, adding to concerns of flagging momentum in their respective economies. China's June official manufacturing Purchasing Manager's Index (PMI) eased slightly to 50.9 versus 51.0 in May, data from the National Bureau of Statistics showed on Wednesday.
Pay Up to Stay Home Is One Company’s Approach to Remote Work
(Bloomberg) -- Disco Corp., a Japanese maker of semiconductor equipment, has a novel approach to remote work -- those who choose to stay home pay the colleagues who brave the commute to show up in the office.The Tokyo-based company is unusual in that for the past decade it has used an internal currency called “Will” to create a micro-economy where sales teams pay factory workers to produce goods, who in turn pay engineers to design products. Even office desks, PCs and meeting rooms have a price.
API data said to show large drop in U.S. crude inventories
The American Petroleum Institute, an industry trade group, reported Tuesday afternoon that U.S. crude-oil inventories fell by 8.15 million barrels last week, according to a source who cited the data. API also saw gasoline inventories rose by 2.42 million barrels, while distillate supplies were up 428,000 barrels, the source said. Supplies at Cushing, Oklahoma, the delivery hub for New York Mercantile Exchange oil futures, were seen down 1.32 million barrels. Data from the Energy Information Admi
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