Trump touts 100 billion U S chip investment by TSMC
President Trump announced that Taiwan Semiconductor Manufacturing Co plans to invest 100 billion dollars in the United States, adding to 65 billion already pledged. The move aims to expand three new Arizona chip plants and two packaging facilities, creating thousands of jobs and boosting homegrown semiconductor production.
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Kroger chairman and CEO resigns amid probe findings
Kroger announces Rodney McMullen has resigned after an internal inquiry found conduct inconsistent with ethics policy. Ronald Sargent becomes chairman and interim CEO instantly, bringing long tenure and prior leadership at Staples. McMullen’s departure follows Kroger’s blocked Albertsons merger and broader restructuring.
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Dow Slides on Tariff Fears as Markets Sink
U.S. stocks fell sharply with the S&P 500 down 1.8 percent and the Dow dropping 649 points amid President Trump’s tariff plan on Canada and Mexico set to take effect, erasing gains since the election and signaling a tougher trade stance. Investment morale waned as manufacturers report slower orders and inflation anxiety, with Nvidia, Tesla, and Kroger among notable decliners and crypto stocks pressured despite initial rally chatter.
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