Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) slashed its 2022 capital spending target by roughly 10%, a dramatic sign of trouble for the technology industry from the world’s most valuable chip company. TSMC said it expects to spend about $36 billion in 2022 on capital equipment, down from at least $40 billion previously. The sharp reduction in expenditure — an important …

  Bloomberg US equity index futures rise on Thursday, ahead of key US inflation data that could determine how much further the Federal Reserve’s policy-tightening cycle will run. Futures contracts on the S&P 500 were up 0.5% as of 5:55 am in New York, while those on the Nasdaq 100 gained 0.3%. The benchmark index had tumbled to its lowest …

  Bloomberg Holiday deals are coming back, bringing a measure of relief for US shoppers squeezed by inflation. Tech gadgets to sporting goods will see “massive” online discounts, with the best bargains likely in late November, Adobe Analytics said in a report. Walmart Inc is already touting deals on computers, toys and air fryers this week, while Amazon.com Inc will …