Macro & FedOct 31, 20261 min read

Federal Reserve Holds Benchmark Rates Steady at 3.75%–4.00% in October Policy Vote

The Federal Reserve left the federal funds rate unchanged at 3.75%–4.00% at its October 2026 meeting, underscoring stable economic growth and steady labor market conditions.

Federal Reserve Holds Benchmark Interest Rate Steady at 3.75%–4.00%

The Federal Open Market Committee (FOMC) concluded its monetary policy meeting on October 28, 2026, voting to maintain the target range for the federal funds rate at 3.75% to 4.00%.

Statement Highlights

Policy Rate Stability: The committee held rates steady following earlier calibration moves, balancing employment stability and continued progress toward its 2 percent inflation objective.
Economic Assessment: Recent indicators suggest that economic activity has continued to expand at a moderate pace, with steady job gains and unemployment remaining relatively low.
Balance Sheet Reduction: The Fe

Tech & AIOct 31, 20261 min read

TSMC Delivers Record Q3 Revenue of $46.7B Fueled by Advanced AI Silicon

TSMC reported record third-quarter net revenue of $46.72 billion USD, propelled by high-performance computing and advanced 3nm chip demand, guiding Q4 revenue up to $54.3 billion.

TSMC Posts Record Q3 Revenue on High-Performance Computing and AI Demand

Taiwan Semiconductor Manufacturing Co. (NYSE: TSM / TWSE: 2330) reported consolidated revenue of NT$1,494.24 billion (approximately $46.72 billion USD) for the third quarter of 2026, delivering an EPS of NT$29.43.

Operating Metrics & Growth Drivers

Consolidated Revenue: Net revenue grew past upper-bound guidance to reach $46.72 billion USD.
Advanced Nodes: Revenue from advanced technologies (3nm and 5nm nodes) accounted for the majority of total wafer revenue, driven by smartphone silicon and high-performance computing (HPC) accelerators.
Q4 2026 Guidance: TSMC projected fourth-quarter net revenue between $52.3 billion and $54.3 billion USD, reflecting sustained industry-wide demand for cutting-edge semiconductor fabrication.

Management noted that global hyperscalers and fabless semiconductor leaders continue to secure long-term wafer allocations across TSMC's international fabrication sites.

EarningsOct 31, 20261 min read

Intel Posts Q3 Revenue of $16.5B as Foundry Restructuring Weighs on Guidance

Intel reported third-quarter revenue of $16.5 billion, up 21% year-over-year, but shares faced pressure over cautious Q4 guidance and ongoing foundry transition costs.

Intel Reports Q3 2026 Revenue of $16.5B Amid Manufacturing Realignment

Intel Corporation (NASDAQ: INTC) reported third-quarter 2026 revenue of $16.5 billion, representing a 21% year-over-year increase, alongside an earnings per share (EPS) of $0.60.

Financial Summary & Market Reaction

Revenue: $16.5 billion, marking 21% growth over Q3 2025.
Segment Performance: Client Computing Group and Data Center & AI saw stabilized demand for current-generation processors.
Stock Reaction: Despite the revenue growth, Intel shares slid sharply following cautious fourth-quarter guidance and the cost overhead associated with ongoing foundry manufacturing restructuring.