Trump touts TSMC 100B investment push in the United States
President Trump announced Taiwan Semiconductor Manufacturing Co plans to invest 100 billion dollars in the United States, adding to 65 billion dollars in prior investments. TSMC will build three more Arizona plants and two packaging facilities, creating thousands of high paying jobs. The White House event with CEO C C Wei framed semiconductors as national economic security.
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Kroger chairman and CEO resigns amid conduct probe
Kroger announces Rodney McMullen has resigned after an internal probe into his personal conduct. Ronald Sargent becomes interim chairman and CEO, while a search for a permanent successor begins. McMullen began at Kroger in 1978 and rose to CEO in 2014.
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Dow plunges as Trump tariffs spark market selloff
U.S. stocks fell sharply after President Trump announced tariffs on Canada and Mexico would take effect, boosting anxiety about global trade. The Dow dropped about 649 points, the S&P 500 fell 1.8 percent, and the Nasdaq slid 2.6 percent as investors weighed policy risk and inflation concerns amid tariff chatter and reactions from Nvidia, Tesla, and crypto-linked stocks.
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