Bloomberg Business

TSMC Falls Most in Five Months After Outlook Cut, Arizona Delay

Taiwan Semiconductor Manufacturing Co. fell the most in more than five months after cutting its outlook and postponing production at its Arizona project to 2025, underscoring the challenges of expanding abroad during a protracted electronics market slump.

Japan Price Growth Accelerates Ahead of BOJ Inflation Update

Japan’s consumer prices advanced at a faster clip in June in another indication of lingering stickiness in inflation ahead of next week’s Bank of Japan meeting, although economists forecast a slowdown in coming months.

FTX Sues Bankman-Fried, Associates Over $1 Billion in Bad Deals

Bankrupt FTX Trading Ltd. will try to claw back millions of dollars in cash and unwind more than $1 billion in questionable transactions as part of a new lawsuit filed against company founder and alleged fraudster Sam Bankman-Fried and his top lieutenants.

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