Business

TAIPEI (Reuters) – The Taipei-listed shares of TSMC hit a record high on Friday after the world’s largest contract chipmaker posted forecast-beating third-quarter earnings and gave a rosy outlook for strong artificial intelligence (AI) demand. Shares closed up 4.8% at T$1,085 ($33.77), surpassing the previous record of T$1,080 on July …

(Bloomberg) — A Bank of America Corp. options strategist who correctly anticipated gains in the past is now saying the rally that’s made Chinese equities some of the world’s best this year may have more room to go. And many are positioning for it. Most Read from Bloomberg Demand for …

Tech giant Meta reportedly fired roughly two dozen staffers based in Los Angeles for abusing the company’s $25 meal vouchers to purchase non-food household items. The Financial Times reported that Meta fired the workers last week after the company discovered that the workers were abusing its food credit system by using …

As tech giants turn their attention toward nuclear power for artificial intelligence and data centers, one producer is seeing its shares surge. Oklo, a nuclear power company that counts OpenAI chief executive Sam Altman as an investor, has seen its shares climb around 150% in the past month. The stock …

Mark Cuban Dismisses Dogecoin Founder’s Concerns: Kamala Harris Is ‘Night And Day Away From Biden And Far Ahead Of Trump’ On Crypto Understanding A recent exchange on X between entrepreneur Mark Cuban and a crypto enthusiast has shed light on Vice President Kamala Harris’s evolving stance on cryptocurrency, particularly Bitcoin …

Warren Buffett, CEO of Berkshire Hathaway.Nati Harnik/AP Berkshire Hathaway cut its Apple stake by 55% in the first half of 2024, potentially missing out on $23B in profits. If Berkshire had not trimmed its position in Apple, its stake would be $210B at current prices. Apple shares have jumped 10% …

(Bloomberg) — A selloff in Treasuries strengthened the dollar and left equities mixed as new signs of economic vigor led traders to trim expectations for US rate cuts. Most Read from Bloomberg Shares in Australia and Hong Kong equity futures fell, while contracts for Japanese benchmarks advanced, helped along by …

Netflix (NFLX) stock rose as much as 5% in after-hours trading Thursday as the streaming giant beat third quarter EPS and revenue estimates and projected sales for the current quarter that came in ahead of Wall Street’s expectations. Revenue beat Bloomberg consensus estimates of $9.78 billion to hit $9.83 billion …

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