Election Integrity: Is Representative Democracy A Foolish Fantasy?

UBS: TSMC's 'Surprise CapEx Hike' Reinforces Confidence In AI Supply Chain TSMC, or Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, raised its 2026 spending and revenue outlook on Thursday morning, a move UBS analysts said "boosts confidence in the AI supply chain." TSMC manufactures chips designed by companies such as Nvidia, Apple, AMD, Qualcomm and Broadcom. It is a major supplier of Nvidia chips used in AI data centers. The company now expects 2026 capital expenditures of $60 billion to $64 billion, up from its previous forecast of $52...

Polish President Karol Nawrocki said on Wednesday that Poland wants to host the 5,000 US troops the Pentagon is planning to withdraw from Germany over the next year, a step that was announced due to Berlin’s criticism of the US-Israeli war against Iran. “If President Donald Trump decides to reduce the American military presence in […]

US Manufacturing Expanded For 6th Straight Month In June As Inflation Fears Ease With 'hard data' having deteriorated recently (except in the labor market), 'soft' survey data has been surprisingly strong (especially in the Manufacturing side of the economy). S&P Global's US Manufacturing PMI dipped from multi-year highs at 55.1 to 53.9 final in June (below the 55.7 expected). ISM Manufacturing also dipped from 54.0 to 53.3 (slightly below the 53.9 exp). Both solidly above the '50' line suggesting growth... Source: Bloomberg Put simply: US manufacturing activity expanded for a sixth straight month in June as...