TSMC’s 110% Rally Draws Caution, Even From the Bulls

The stock has traded at overbought levels for about two months TSMC shares at largest-ever premium to consensus price target The rapid ascent in Taiwan Semiconductor Manufacturing Co. is making it harder to ignore risks for the world’s largest contract chipmaker, even...

Money-Market Assets Rise to Fresh Record for Third Straight Week

Total climbed to $6.108 trillion in the week to March 13: ICI Prime institutional funds saw second straight week of outflows Money-market fund assets rose to a fresh record high on expectations short-term rates will remain elevated for longer after traders reined in...

California Adds 250,000 Fewer Mostly High-Pay Jobs Than Thought

California’s high-paying industries created far fewer jobs than previously thought, as a sharp downward revision cut the number of positions in professional services, finance and information by about 250,000 compared with initial reports. The state added only 50,000...

South Africa Set to License 60 Crypto Platforms by Month-End

More than 300 crypto-asset providers sought permits, FSCA says FSCA to use existing financial-services law to oversee crypto South Africa will license about 60 cryptocurrency platforms by the end of the month, putting it among the first nations on the continent to...