BLOOMBERG Taiwan Semiconductor Manufacturing Co (TSMC) expects a return to solid growth this quarter and gave itself room to raise capital spending in 2024, suggesting the world’s most valuable chipmaker anticipates a recovery in smartphone and computing demand. The main chipmaker to Apple Inc and Nvidia Corp is budgeting capital expenditure of $28 billion to $32 billion — versus about …

BLOOMBERG European stocks steadied on Thursday after the biggest three-day drop since October as traders re-calibrated their wagers on the timing and extent of interest rate cuts. Signs that European policy makers are converging around a June rate reduction helped calm markets, along with indications that Chinese state funds are coming to the rescue of equities battered by signs of …

BLOOMBERG Apple Inc will begin selling versions of its Series 9 and Ultra 2 watches without a blood oxygen feature in the US, following a legal setback in its patent dispute with Masimo Corp. The company said that the tweaked models were expected to go on sale on Thursday at its retail outlets and online store. The new models will …