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TSMC Shares Surge 4% Premarket as AI Chip Demand Drives Record Earnings Beyond Forecasts

TSMC's US-based stocks rose 4% as the company surpassed Q1 earnings forecasts with a 60.3% profit increase to $11.1 billion, driven by AI chip demand. The firm maintains a mid-20% ...

Market

TSMC Soars 4% Premarket: AI Chip Demand Fuels Record Earnings Surpassing Expectations

TSMC's US-based stocks rose 4% premarket after reporting a 60.3% year-over-year net profit increase to $11.1 billion, driven by AI chip demand. The company maintains its growth for...

Market

Dow Jumps Over 370 Points as US Stock Futures Surge Following Powell's Encouraging Speech

US stock futures surged early Thursday, with Dow Jones futures jumping over 370 points following Federal Reserve Chair Jerome Powell's speech. S&P 500 and Nasdaq 100 futures also s...

Market

Asia-Pacific Markets Rally as US-Japan Trade Talks Show Promising Progress

Asia-Pacific markets climbed as optimism grew from US-Japan trade talks progress. Japan's trade surplus and Australia's unemployment data added to the positive sentiment, with regi...

Market

European Markets Brace for Impact as ECB Prepares to Cut Rates Amid Economic Concerns

European markets are showing signs of nervousness ahead of the ECB's decision on interest rates, with major indices and currencies experiencing declines. Investors are anticipating...

Market

US Sanctions on Iran Spark 1% Surge in Oil Prices, Stirring Global Supply Concerns

Oil prices climbed 1% due to US sanctions on Iran, targeting oil exports and a Chinese refinery, amid nuclear talks. WTI and Brent prices saw notable increases.

Market

European Markets Dip at Opening: Economic Data and Earnings Reports Stir Investor Sentiment

European stock markets opened lower on Thursday, impacted by new economic data and earnings reports. Key indicators included a drop in German producer prices and a Swiss trade surp...

Market

Siemens Energy Shares Soar 12% After Upbeat Fiscal 2025 Forecast Revision

Siemens Energy AG's shares surged over 12% following revised fiscal 2025 projections, with revenue growth expectations raised to 13%-15%. Quarterly revenue hit €9.96 billion, profi...