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Profit beats expectations as AI boom fuels 54% surge

An image of a semiconductor wafer at the Taiwan Semiconductor Manufacturing Museum of Innovation in Hsinchu, Taiwan, on January 11, 2022. I-Hwa Cheng | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Company reported a 54% jump in net profit on…

CVS announces layoffs of 2,900 workers and is reportedly considering liquidation

CVS Health said Monday that it would lay off about 2,900 employees amid pressure from investors to cut costs and improve its financial performance. And there could soon be even more dramatic changes. A spokesman for the health care giant,…