TSMC Q4 profit beats expectations on robust AI demand
Investing.com– Taiwan Semiconductor Manufacturing Co, also known as TSMC, clocked a stronger-than-expected fourth quarter profit on Thursday, as it continued to benefit from strong artificial intelligence-fueled demand for its advanced chips. TSMC’s (TW:2330) (NYSE:TSM) net income surged 57% to T$374.68 billion
Australia stocks higher at close of trade; S&P/ASX 200 up 1.38%
Investing.com – Australia stocks were higher after the close on Thursday, as gains in the Financials, A-REITs and Gold sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 1.38%. The best performers of the session on the S&P/ASX
Hindenburg, short-seller behind Adani selloff to shut down, says founder
Investing.com– Hindenburg Research, the U.S.-based short-selling firm known for its scathing reports on major companies, announced its decision to shut down operations amid escalating legal pressures, its founder said on Wednesday. Hindenburg’s founder, Nathan Anderson, stated in a website post the
Exclusive-Chinese buyers interested in unwanted German Volkswagen factories, source says
By John O’Donnell and Victoria Waldersee FRANKFURT/BERLIN (Reuters) – Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen (ETR:VOWG_p)’s sites, a person with knowledge of Chinese government thinking told Reuters. Buying a factory would
First Solar: Seaport upgrades rating to ‘Buy’ on strong US market position
Investing.com– Seaport Research Partners has upgraded First Solar Inc (NASDAQ:FSLR) from “Neutral” to “Buy”, citing its robust position in the utility-scale solar and storage sector amid challenging macroeconomic conditions. Seaport analysts have set a price target of $274 for