A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Daniel Ceng | Anadolu | Getty ImagesTaiwan Semiconductor Manufacturing Company on Thursday beat profit expectations for the first quarter, thanks to a continued surge in demand for AI chips.Here are TSMC’s first-quarter results versus LSEG consensus estimates:Revenue: $839.25 billion New Taiwan dollars, vs. NT$835.13 billion expectedNet income: NT$361.56 billion, vs. NT$354.14 billion TSMC’s reported net income increased 60.3% from a year ago to NT$361.56 billion, while net revenue in the…
Author: usaeverydaylife
Brand new KIA cars are displayed on the sales lot at Serramonte Kia on March 26, 2025 in Colma, California. Justin Sullivan | Getty ImagesDETROIT – Supplies of new and used vehicles for sale in the U.S. are declining rapidly as consumers flock to purchase cars and trucks ahead of potential price increases due to tariffs, according to auto dealers and industry analysis.The days’ supply of new vehicles – calculated by an estimated daily retail sales rate – dropped from 91 days at the beginning of March to 70 days this month, according to Cox Automotive. Used vehicle days’ supply, which…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailPeter Boockvar, Bleakley Financial Group, joins ‘Fast Money’ to talk the market’s response to Fed Chair Powell”s comments.04:32Wed, Apr 16 20255:46 PM EDT Source link
Dilara Irem Sancar | Anadolu | Getty ImagesChina last week announced it was done retaliating against U.S. President Donald Trump’s tariffs, saying any further increases by the U.S. would be a “joke,” and Beijing would “ignore” them.Instead of continuing to focus on tariffing goods, however, China has chosen to resort to other measures, including steps targeting the American services sector.Trump has jacked up U.S. levies on select goods from China by up to 245% after several rounds of tit-for-tat measures with Beijing in recent weeks. Before calling it a “meaningless numbers game,” China last week imposed additional duties on imports…
A security guard stands in the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017.David Gray | ReutersNew Zealand consumer prices rose faster than expected in the first quarter as fresh food, petrol and education costs spiked, though most of the gains were temporary and markets still fully expected further cuts in interest rates.Data from Statistics New Zealand out Thursday showed the consumer price index rose 0.9% in the March quarter from the prior quarter, above market forecasts of a 0.7% increase.Prices were up 2.5% on a year earlier, compared to…
Caleb Silver, Investopedia editor-in-chief, joins ‘Fast Money’ to talk Investopedia’s latest investor survey. Source link
In a volatile moment for the market, we took a modified approach to our Monthly Meeting for April, with Jim Cramer and Director of Portfolio Analysis answering more questions from members than usual. We used their responses to put together a rapid-fire update on most stocks in the portfolio – and while a few names were not covered during the meeting, we circled back on them afterward to provide our latest thinking on them, as well. Those stocks were: Broadcom, BlackRock, Disney and Home Depot. Source link
A cargo ship sits outside of the Port of Elizabeth marine terminal seen from Bayonne, New Jersey, U.S., April 9 2025.Shannon Stapleton | Reuters Trade barriers can come in many forms. Tariffs are just one. Onerous licensing requirements, export restrictions and fines on shipping are other obstacles.Nvidia said Tuesday it would be taking a $5.5 billion charge related to canceled chip exports to China because of new licensing rules from the U.S. government. Beijing has retaliated to Trump tariffs by implementing export restrictions on rare earth elements — integral to many electronics and defense technologies — to the United States.…
Tickets on sale for June ‘Fast Money’ event Source link
The Bank of Korea (BOK) in Seoul on Dec. 28, 2024.Kim Jae-Hwan | Lightrocket | Getty ImagesSouth Korea’s central bank held its policy rate at 2.75% Thursday, as the country grapples with U.S. tariffs and prepares for a snap presidential election.This was in line with a Reuters poll of economists that forecast the bank to keep rates unchanged.On Tuesday, South Korea’s Finance Minister Choi Sang-mok reportedly told parliament that the country would seek to delay the implementation of tariffs as long as possible in negotiations with the U.S.Choi also said this was to help reduce uncertainty that South Korean businesses…
