Economy

“Tariff receipts topped $16 billion in April, a record that helped cut the budget deficit”

“…Customs duties totaled $16.3 billion for the month, some 86% above the $8.75 billion collected during March and more than double the $7.1 billion a year ago, the Treasury Department reported Monday. That brought the year-to-date total for the duties up to… Continue Reading…

Business

“TSMC bucks broader chip slump with 50% revenue surge, helped by Apple iPhone orders”

“TSMC, the world’s largest contract chipmaker, on Friday reported a surge in revenue in November thanks in part to orders of semiconductors for high-end smartphones such as Apple’s iPhone. The Taiwanese firm, which makes chips for other companies, said November revenue totaled… Continue Reading…