World Events

China’s largest chipmaker SMIC rose to third spot in global foundry revenue in the first quarter, according to Counterpoint Research. https://www.cnbc.com/2024/05/23/chinas-smic-is-now-worlds-third-largest-chip-foundry-counterpoint.html

Breaking with more than a century of policy, the NCAA will pay billions in damages to former athletes and allow schools to pay athletes up to $20 million per year https://www.wsj.com/articles/ncaa-revenue-athletes-settlement-0b53306d

Flooding in Brazil’s Rio Grande do Sul state ravaged nearly everything needed for economic activity, from local shops to factories, farms and ranches. The environmental catastrophe — unprecedented in state history — upended transportation, including the airport in the capital Porto Alegre, which is expected to remain shuttered for months. Segments of major highways are…

Actor Paul Walter Hauser is aware his weight has factored into the roles he’s played on television and the big screen.  “I lost 40 pounds to do the role in ‘Black Bird,’” Hauser told People magazine of his Emmy-winning work on the acclaimed 2022 miniseries. “I put some of that weight back on, and now…

Consumer inflation grew at a slower pace in April but remained above the Bank of Japan’s 2% target amid growing expectations over additional interest-rate increases. https://www.wsj.com/articles/japan-consumer-inflation-grows-at-slower-pace-in-april-9c6651c8

A Turkish migrant, who told Fox News he paid around $10,000 to a cartel on his way to the United States, selling everything he owned, said Americans should be worried about the lack of security at the southern border.  The man told Fox News after crossing illegally into Jacumba, California, in San Diego County: “In…