Business

TSMC Earnings Surge. How the AI Chips Boom Is Outweighing Tariff Fears.  Barron’s TSMC’s second-quarter profit soars nearly 61%, beating estimates as AI chip demand stays strong  CNBC Taiwan Semi profit booms by 61% as Nvidia buoys demand  MarketWatch TSMC quarterly profit seen hitting record, but Trump tariffs, forex a concern  Yahoo Finance TSMC beats forecasts to post record quarterly profit of $13.5 billion  Reuters …

Shares of ASML, the Dutch semiconductor equipment giant, tumbled 11% on Wednesday after the company announced it could no longer confirm that it will grow in 2026. The drop wiped out over $30 billion in market value and sent shockwaves through global tech markets, as investors digested the implications for the broader semiconductor and AI industries. The selloff followed ASML’s …

Stocks steady ahead of tech earnings as Fed drama confounds  Reuters Morning Bid: Markets stoic over Powell’s shifting fate  Reuters Asian shares are mostly higher after Trump says he discussed firing Fed Chair Powell  The Hill Stock market today: Dow, S&P 500, Nasdaq futures rise with Trump-Powell drama with retail sales, Netflix on deck  Yahoo ASML, J&J, Morgan Stanley, Ford, Palantir, Brighthouse, and More …

Sarepta Soars as Gene Therapy Stays on Market With Warning  Bloomberg Sarepta Therapeutics Announces Strategic Restructuring and Pipeline Prioritization Plan to Maintain Long-term, Sustainable Growth and Provides Update on ELEVIDYS Label  Sarepta Therapeutics Sarepta pivots to siRNA and lays off 500 staffers as Elevidys gets box warning  Fierce Biotech Sarepta Therapeutics Halts ELEVIDYS Shipments for Non-Ambulatory DMD Patients  Yahoo Finance Sarepta Therapeutics lays off …

Key Takeaways AMD shares climbed again Wednesday amid optimism about the company’s plans to restart exports of its MI308 chips to China.  AMD shares had gapped above a tight rectangle formation in Tuesday’s trading session, laying the groundwork for a continuation move higher. Investors should watch key overhead areas on AMD’s chart around $187 and $215, while also monitoring important …

Canadian Retailer Couche-Tard Abandons Its $47 Billion Bid to Buy 7-Eleven  The New York Times Shares in Japan’s Seven & i plunge 7% after Couche-Tard withdraws $47 billion takeover bid  CNBC Canadian Suitor of 7-Eleven Owner Abandons Its Multiyear, $47 Billion Bid  The Wall Street Journal Alimentation Couche-Tard drops its $46bn pursuit of 7-Eleven owner  Financial Times Doubts About 7-Eleven US IPO Emerge After …

Options Traders Bet TSMC Shares Will Extend Gains After Results  Bloomberg TSMC’s second-quarter profit soars nearly 61%, beating estimates as AI chip demand stays strong  CNBC TSMC quarterly profit seen hitting record, but Trump tariffs, forex a concern  Reuters Taiwan Semi profit booms by 61% as Nvidia buoys demand  MarketWatch TSMC June 2025 Revenue Report  Taiwan Semiconductor Source link

Reuters India’s market regulator has accused Jane Street of manipulating the stock market New York based trading giant Jane Street has been in the eye of a storm over the past few weeks after India’s market regulator banned it from the securities market. The regulator Securities and Exchange Board of India (Sebi) has accused Jane Street of indulging in a …

Bob Herman covers health insurance, government programs, hospitals, physicians, and other providers — reporting on how money influences those businesses and shapes what we all pay for care. He is also the author of the Health Care Inc. newsletter. You can reach Bob on Signal at bobjherman.09. Tara Bannow covers hospitals, providers, and insurers. You can reach Tara on Signal …

WILMINGTON, Del. (AP) — An $8 billion class action investors’ lawsuit against Meta CEO Mark Zuckerberg and company leaders — current and former — began Wednesday, with claims stemming from the 2018 privacy scandal involving the Cambridge Analytica political consulting firm. Investors allege in their lawsuit that Meta did not fully disclose the risks that Facebook users’ personal information would …