Business

From 50-pound bags of rice to pet insurance to solar panel installation, the range of items and services that Costco (NASDAQ: COST) provides its customers is remarkable. One of the most popular items recently, though, is gold bullion. Of the 101 stores that Bloomberg surveyed earlier this month, 77% reported …

TSMC Posts Record Profit as AI Boom Continues Source link

(Bloomberg) — Taiwan Semiconductor Manufacturing Co. raised its target for 2024 revenue growth after quarterly results beat estimates, allaying concerns about global chip demand and the sustainability of an AI hardware boom. Most Read from Bloomberg The main chipmaker to Nvidia Corp. and Apple Inc. now expects sales to climb …

(Bloomberg) — Asian equities trimmed their advance after Chinese stock gains fizzled on disappointment over the outcome of a joint ministry press briefing about the property market. Most Read from Bloomberg The MSCI Asia Pacific Index almost gave up an earlier gain of as much as 0.7% after the China’s …

(Bloomberg) — Chinese stocks gave back earlier gains as a much-anticipated joint ministry briefing on supporting the property market offered few new stimulus measures. Most Read from Bloomberg The CSI 300 Index was down 0.1% as of 11:18 a.m., reversing a 1.3% rise. A Bloomberg Intelligence gauge of Chinese developer …

Boeing’s Big Layoffs Are Hitting the Industry. Airbus Is Cutting Jobs, Too. Source link

David Einhorn of Greenlight Capital.Brendan McDermid/ Reuters The stock market is the most expensive it’s been in decades, said billionaire David Einhorn. Warren Buffett’s stock sales indicate that now is not time to be heavily invested in equities, his firm Greenlight Capital said in a letter. Even non-tech stocks are …

iStock; Rebecca Zisser/BI A contrarian sell signal recently flashed in the stock market, according to Bank of America. The drop below 4% in cash allocations suggests aggressive stock market investing, BofA said. Investors are growing more optimistic about economic growth, but fear geopolitical conflicts and inflation. A sell signal in …

The S&P 500 looks like it’s in another “mania,” according to a Stifel analysis of the last 139 years of market history. Adobe Firefly, Tyler Le/BI The S&P 500 could lose a quarter of its value next year, according to Stifel. The benchmark index looks like it’s caught in a …

The proliferation of artificial intelligence (AI) has increased the demand for more powerful chips that are being deployed in data centers to train complex large language models (LLMs), and also for moving those models into production through AI inference. However, clustering together multiple powerful chips that consume a lot of …