Investors are looking to navigate the deteriorating relations between the world’s two largest superpowers — the U.S. and China. Katie Stockton, founder and managing partner of Fairlead Strategies, joins Yahoo Finance’s Jared Blikre to break down the price action and trends behind some of the new opportunities in stocks, bonds and cryptocurrencies, as global economies recover from the COVID-19 pandemic and the U.S. celebrates Asian American and Pacific Islander Heritage Month. Katie explains her top down approach as Jared demonstrates how to leverage the power of Yahoo Finance Plus for technicals, fundamentals and portfolio management.
Yahoo Finance’s Dan Howley breaks down why working from home puts more companies at risk for cyberattacks, according to Microsoft's latest threat assessment outlook.
(Bloomberg) -- Major cities across Taiwan, home to some of the world’s biggest chip industry players, were hit by a widespread power outage Thursday after a power station in the southern city of Kaohsiung suddenly went offline.The outage hit parts of Taipei and Kaohsiung as well as Tainan, home to a science park housing facilities of companies such as Taiwan Semiconductor Manufacturing Co. and Innolux Corp., according to the Taipei-based Apple Daily newspaper. Full power supply will resume at 9:40 p.m. local time, Economics Minister Wang Mei-hua said at a briefing late on Thursday. Some TSMC facilities experienced a brief power dip but the power supply is currently normal, the company said in an emailed statement. Operations at ASE Technology Holding Co., the world’s largest chip packaging and testing services provider, had been affected, the company said in a text message, but the full impact was yet to be determined.All three major science parks throughout Taiwan were at least partly impacted, the Ministry of Science and Technology said in a statement. Employees and shoppers reported outages had affected offices and department stores in Taipei City.Four units at the Hsinta plant coal- and gas-fired plant stopped generating power shortly after 2:30 p.m., according to a text message from the government’s public warning system. Wang said Taiwan’s water shortage was one of the key reasons behind the slow return of power.Almost 6.2 million households would be affected by three rounds of power cuts between 3pm and 5:30pm, the state-run utility Taiwan Power Co. said in a text message.(Update with power restart in second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.