TSMC’s monthly revenue figures put its Q3 total at NT$1.49 trillion, up 17.6% from Q2. September revenue was NT$511.86 billion, up 54.6% year over year but down 0.6% from August. Using TSMC’s assumed exchange rate of NT$32 per US dollar, the quarterly total was about 2% above the high end of its US$44.6–45.8 billion guidance. The monthly figures are unaudited. TSMC reports Q3 earnings on Oct. 15.

🔊 The notion that stocks and bonds follow a rational path has been widely debunked. But are idiosyncrasies becoming more visible? On this episode of The Big View podcast, Peter Thal Larsen and Alex Edmans debate how the rules of investing have changed

.@SophyRidgeSky is back on Cheat Sheet! @WilfredFrost gives you a snippet of what to expect on today’s episode… ✨ Five top news stories in just 10 minutes - listen to Cheat Sheet here:

President Trump yesterday: “If the Republicans win the House of Representatives and the United States Senate … I will issue a dividend to every adult citizen … for $5,000.” Number of adult US citizens: 245 million Cost: $1.2 trillion But unlike a profitable company, the federal government has no earnings from which to pay a dividend. Instead, it's running a deficit of $2 trillion. So where would the money come from? Absent spending cuts or new revenues, we’d have to borrow it - adding another $1.2 trillion to the national debt. And what would that do to inflation? We've seen this movie before. The covid stimulus programs were funded with borrowed money - pushing inflation above 9%, the highest level in 40 years.