Taiwan Semiconductor Manufacturing Co. (TSMC) has reported a sharp rise in quarterly profit, underscoring how artificial intelligence (AI) is rewriting the dynamics of global chip supply chains. The 39% jump in net income to NT$452.3 billion ($14.8 billion) in the September quarter exceeded analysts’ forecasts of NT$405.5 billion, as the company continued to benefit from
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Taiwan Semiconductor Manufacturing Co. (TSMC) has reported a sharp rise in quarterly profit, underscoring how artificial intelligence (AI) is rewriting the dynamics of global chip supply chains. The 39% jump in net income to NT$452.3 billion ($14.8 billion) in the September quarter exceeded analysts’ forecasts of NT$405.5 billion, as the company continued to benefit from
1.2KPublic markets run on rhythm, and if the beat changes, prices move differently. That is what is at stake as the administration pushes to loosen US reporting rules and the SEC is hinting towards a change. The proposal sounds simple enough. It aims to replace mandatory quarterly reporting with the option to report every six
Public markets run on rhythm, and if the beat changes, prices move differently. That is what is at stake as the administration pushes to loosen US reporting rules and the SEC is hinting towards a change. The proposal sounds simple enough. It aims to replace mandatory quarterly reporting with the option to report every six
1.9KElectronic Arts (EA), one of the world’s largest video game publishers, is set to be taken private in a $55 billion deal led by a consortium that includes Saudi Arabia’s Public Investment Fund (PIF), private equity firm Silver Lake, and Affinity Partners, the investment firm founded by Jared Kushner. The deal ranks among the largest
Electronic Arts (EA), one of the world’s largest video game publishers, is set to be taken private in a $55 billion deal led by a consortium that includes Saudi Arabia’s Public Investment Fund (PIF), private equity firm Silver Lake, and Affinity Partners, the investment firm founded by Jared Kushner. The deal ranks among the largest
4.3KCovered call ETFs have become highly popular among income investors in the past few years because of their high distribution rate. The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is one of the most popular. This article explores why the QQQI ETF is a better buy. What is the QQQI ETF? The NEOS Nasdaq-100 (R)
Covered call ETFs have become highly popular among income investors in the past few years because of their high distribution rate. The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is one of the most popular. This article explores why the QQQI ETF is a better buy. What is the QQQI ETF? The NEOS Nasdaq-100 (R)
3.5KShares of Swiss biotech MoonLake Immunotherapeutics tumbled 88% to $7.45 in premarket trading on Monday after the company reported mixed outcomes from two late-stage trials of its experimental skin drug, sonelokimab. The treatment is being developed for hidradenitis suppurativa, a painful and chronic inflammatory skin disease. In one of the Phase 3 trials, sonelokimab achieved
Shares of Swiss biotech MoonLake Immunotherapeutics tumbled 88% to $7.45 in premarket trading on Monday after the company reported mixed outcomes from two late-stage trials of its experimental skin drug, sonelokimab. The treatment is being developed for hidradenitis suppurativa, a painful and chronic inflammatory skin disease. In one of the Phase 3 trials, sonelokimab achieved
2.6KNvidia’s stock took off sharply in pre-market trading on Monday, getting investors buzzing again. The company’s been riding high thanks to its cutting-edge tech in artificial intelligence and data centers, but today’s jump feels like a fresh vote of confidence from the market. There’s an obvious excitement about what’s coming in the next earnings report,
Nvidia’s stock took off sharply in pre-market trading on Monday, getting investors buzzing again. The company’s been riding high thanks to its cutting-edge tech in artificial intelligence and data centers, but today’s jump feels like a fresh vote of confidence from the market. There’s an obvious excitement about what’s coming in the next earnings report,
3.2KCSX Corp on Monday appointed Steve Angel as its new chief executive officer, replacing Joe Hinrichs, in a leadership shake-up that comes as the US railroad industry faces heightened consolidation and investor scrutiny. Shares of CSX rose about 3% in premarket trading following the announcement. The move follows pressure from activist investor Ancora Holdings, which
CSX Corp on Monday appointed Steve Angel as its new chief executive officer, replacing Joe Hinrichs, in a leadership shake-up that comes as the US railroad industry faces heightened consolidation and investor scrutiny. Shares of CSX rose about 3% in premarket trading following the announcement. The move follows pressure from activist investor Ancora Holdings, which
4.4KStocks edged higher on Monday as Wall Street attempted to recover from last week’s pullback, when concerns about the durability of the artificial intelligence trade weighed on broader markets. The S&P 500 was up 0.32% to 6,665.29. The tech heavy Nasdaq 100 was trading 0.68% higher at 22,636.124. The Dow Jones Industrial Average in contrast
Stocks edged higher on Monday as Wall Street attempted to recover from last week’s pullback, when concerns about the durability of the artificial intelligence trade weighed on broader markets. The S&P 500 was up 0.32% to 6,665.29. The tech heavy Nasdaq 100 was trading 0.68% higher at 22,636.124. The Dow Jones Industrial Average in contrast
3.4KPresident Donald Trump has struck again with a forceful new move against the global film industry, announcing a 100% tariff on all movies made outside the United States. The announcement, made through his social media platform Truth Social, comes with strong language accusing other countries of “stealing” the American movie business, comparing it to “stealing
President Donald Trump has struck again with a forceful new move against the global film industry, announcing a 100% tariff on all movies made outside the United States. The announcement, made through his social media platform Truth Social, comes with strong language accusing other countries of “stealing” the American movie business, comparing it to “stealing
4.8KRivian stock price has rebounded in the past few weeks, moving from the August low of $11.53 to $16 today. It is hovering at its highest level since May 27, with its market capitalization being over $18 billion. Rivian has made progress this year Rivian, the Amazon and Volkswagen-backed electric vehicle company, has made some
Rivian stock price has rebounded in the past few weeks, moving from the August low of $11.53 to $16 today. It is hovering at its highest level since May 27, with its market capitalization being over $18 billion. Rivian has made progress this year Rivian, the Amazon and Volkswagen-backed electric vehicle company, has made some
