TSMC crushes guidance with 80 per cent jump in Q2 net profit

TSMC crushes guidance with 80 per cent jump in Q2 net profit

Taiwanese chip giant TSMC smashes another record with an 80 per cent surge in Q2 net profits on the building wave of demand for its AI processors. Further exchanges of fire between the U.S. and Iran in the Persian Gulf could reportedly prompt President Trump to expand operations in the region. Trump remains confident the conflict can be concluded in the near future. Sterling hits a yearly high despite reports incoming prime minister Andy Burnham is set to make Shabana Mahmood Chancellor of the Exchequer as Sir Keir Starmer attends his final PMQs. UK GDP for May ekes out growth of 1.3 per cent year-on-year. However, May manufacturing is down by 1.8 per cent year-on-year.

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Avsnitt(1869)

Asian equities sell-off follows U.S. market concerns over AI rally

Asian equities sell-off follows U.S. market concerns over AI rally

Asian markets suffer a sell-off as jitters over the AI rally persist Stateside. The U.S. hits Iran for a sixth consecutive day, targeting bridges in the south while Tehran retaliates with a barrage of...

17 Juli 25min

ASML hikes FY outlook on strong AI-driven chip demand

ASML hikes FY outlook on strong AI-driven chip demand

ASML smashes Q2 estimates and hikes its FY guidance as huge A.I. demand offsets disappointing performance in the Chinese market. President Trump reverses his call for fees on tankers leaving the Strai...

15 Juli 26min

U.S. and Iran tensions escalate in Strait of Hormuz

U.S. and Iran tensions escalate in Strait of Hormuz

The U.S. and Iran trade strikes for a third consecutive night with President Trump declaring American forces are blockading the Strait of Hormuz and demanding a 20 per cent levy on all cargo. Trump sa...

14 Juli 26min

Oil surges following continued U.S.-Iran strikes

Oil surges following continued U.S.-Iran strikes

Crude prices rise as the U.S. and Iran exchange fire with both sides claiming control over the Strait of Hormuz. SK Hynix shares fall in Asian markets following the chip maker’s $26bn U.S. ADR listing...

13 Juli 28min

SK Hynix raises $26.5bn in Nasdaq debut

SK Hynix raises $26.5bn in Nasdaq debut

SK Hynix’s U.S. listing raises $26.5bn with investor demand said to be seven times oversubscribed. The Nasdaq listing is the largest by a foreign company on Wall Street. Technical talks between Washin...

10 Juli 25min

U.S. and Iran trade strikes for second day

U.S. and Iran trade strikes for second day

The U.S. and Iran exchange fire for a second day with President Trump threatening to increase the intensity of airstrikes. Kuwait and Bahrain suffer retaliatory attacks on U.S. bases while Qatar upgra...

9 Juli 27min

U.S. and Iran trade strikes over Hormuz tanker attacks

U.S. and Iran trade strikes over Hormuz tanker attacks

The U.S. targets Iran with fresh airstrikes and revokes its license to sell crude oil after attacks tankers in the Strait of Hormuz. In response, Iran fires missiles at U.S. bases in Bahrain and Kuwai...

8 Juli 22min

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