Business

TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 42% leap in third-quarter profit on Thursday thanks to soaring demand. The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge …

Stock market today: Dow jumps over 300 points to hit fresh record, lead stock rebound Source link

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Uranium mining stocks surged higher on Wednesday, with industry bellwether Cameco (NYSE: CCJ) rising 8.2% through 2:11 p.m. ET, Denison Mines (NYSEMKT: DNN) doing even better with a 14.7% gain, and smaller Energy Fuels (NYSEMKT: UUUU) performing best of all — up 17%. Investors are betting on a resurgence in …

Market Update: AN, MS, USB, UAL Source link

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The Dow Jones Industrial Average is comprised of 30 stocks, but one stands out from the pack. The “Magnificent Seven” is a moniker used to collectively describe a market-moving cluster of some of the world’s largest technology enterprises: Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla. Each is putting …

Morgan Stanley (MS) stock jumped 4% at the open after the company reported large year-over-year increases across a variety of metrics in its third quarter earnings release. Yahoo Finance’s David Hollerith reports: Fees from investment banking jumped 56% from a year ago, the largest leap among big banks, to nearly …

Summary After a three-year downturn, the Chinese stock market has roared back to life in the past month, at one point soaring 45% before a bout of profit-taking emerged. Looking ahead, a question arises. Will the rally have legs? Economic trends in China certainly bear watching (closely) and will go …

There are six publicly traded companies with trillion-dollar valuations. With a market cap of roughly $1.9 trillion, Amazon (NASDAQ: AMZN) is the fifth-most-valuable company in the world, trailing peers including Apple, Microsoft, Nvidia, and Alphabet. For now, Apple, Microsoft, and Nvidia are steadily in the lead as each boasts a …