TSMC’s CEO Pledges 30%-Plus Incentive Bump While AI Profits Soar

Taiwan Semiconductor Manufacturing Co. chief C.C. Wei told staff they’ll see more than a 30% bump in their profit-sharing payouts this year on average, responding after some voiced concerns over their incentive plans online.

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U.S. oil falls below $89 on report Iran agreement would restore Hormuz traffic in one month

U.S. crude oil prices fell about 6% Wednesday on a report Iran would restore traffic through the Strait of Hormuz as part of a framework deal with the U.S.

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