Latest in TSMC net profit hits record high as fourth quarter results top expectations on robust AI chip demand
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Target says its holiday sales were better than expected — but its profits weren't
The big-box retailer's report indicates that deals and promotional events motivated shoppers.CNBC - 24m -
Bank of America profits boosted by loan growth and robust trading
Strong results echo other big Wall Street banksFinancial Times - 1h -
Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom
Taiwan computer chip maker TSMC has reported its profit in the last quarter rose 57%, buoyed by the artificial intelligence boomABC News - 2h -
Record label hits back at 'illogical' Drake lawsuit
Drake's record label accuses him of trying to "silence" Kendrick Lamar with a defamation lawsuit.BBC News - 2h -
TSMC cuts profitability target as cost of diversifying supply chains bites
World’s biggest chipmaker faces less efficient operations in US and Japan but gets boost from AI demandFinancial Times - 3h -
TSMC net profit hits record high as fourth-quarter results top expectations on robust AI chip demand
TSMC, the world's largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited from the megatrend in favor of AI.CNBC - 4h -
Knicks star Karl-Anthony Towns has bone chip in right thumb, reportedly expected to play through injury
Karl-Anthony Towns smacked his hand on the backboard on Monday night and injured his right thumb.Yahoo Sports - 10h -
3 signs bitcoin isn’t done breaking record highs just yet
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.MarketWatch - 3h -
Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength
The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.CNBC - 16h -
JPMorgan Chase posts record profit as the bank's massive scale pays off
JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank in U.S. history.NBC News - 17h -
JPMorgan Chase posts record profit as the bank’s massive scale pays off
The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier.CNBC - 21h -
Goldman Sachs shares rise after topping estimates on strong trading results
Goldman's fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are both expected to rise.CNBC - 21h -
US imposes export controls on chips for AI to counter China
American semiconductor industry warns move will aid competitors while EU has also protested against the new rulesFinancial Times - 2d -
Biden Administration Makes Last-Ditch Effort to Curb AI Chip Exports
The new rules meant to govern exports of sophisticated AI processors are meant to address national security concerns, but have already provoked an industry pushback.Inc. - 2d -
U.S. tightens its grip on AI chip flows across the globe
The U.S. government said on Monday it would further restrict artificial intelligence chip and technology exports, divvying up the world to keep advanced computing power in the U.S. and among its ...NBC News - 2d -
Biden administration proposes new restrictions on AI chip exports
The proposal is raising concerns with the chip industry, with artificial intelligence leader Nvidia calling it "misguided."CBS News - 3d -
High winds expected to return in LA, threatening new round of fires
Powerful Santa Ana winds are expected to intensify in the coming days, with gusts potentially reaching 70 miles per hour, further complicating efforts to contain severe wildfires in Southern ...NBC News - 3d -
LA fires death toll rises to 24 as high winds expected
The dry Santa Ana winds are expected to pick up overnight and continue to cause problems until Wednesday.BBC News - 3d -
Uranium prices hit record as thirsty AI data centres add to market squeeze
Industry pressured to build new conversion facilities to cover end of US import waiver and impact of Ukraine warFinancial Times - 5d -
World’s largest chip maker, Taiwan Semiconductor Manufacturing, reports record sales
The key supplier of advanced chips for the world’s leading tech companies saw record revenue in the final quarter of 2023.MarketWatch - 6d -
Sainsbury's Christmas Sales Grew; Expects Profit in Line With Market Views
The grocer reported sales volume growth for the key Christmas period and expects to deliver retail operating profit for its fiscal year in line with market consensus.The Wall Street Journal - 6d -
World's biggest chipmaker TSMC posts record 2024 revenue as AI boost continues
TSMC manufacturers semiconductors for some of the world's biggest companies from Apple to Nvidia.CNBC - 6d -
'High demand' for City of Culture opening ceremony
'High demand' reported for open-air performance in Bradford city centre on Friday.BBC News - 6d -
Biden administration planning new AI chip export limits that would hit Nvidia, report says
The White House is finalizing additional restrictions on the export of artificial intelligence microchips that would hit companies including Nvidia and Advanced Micro Devices, according to a report.MarketWatch - Jan. 9 -
Mortgage rates hit highest level since July, crushing application demand
Total mortgage application volume dropped 3.7% compared with the previous week.CNBC - Jan. 8 -
Obamacare Enrollment Hits Record Ahead of Trump’s Return
Almost 24 million Americans have signed up for plans offered under the Affordable Care Act, driven by subsidies that are expiring and that Congress may not renew.The New York Times - Jan. 8 -
Biden administration achieves fourth record-breaking ACA enrollment ahead of exit
The Biden administration has achieved a fourth consecutive record year in HealthCare.gov Marketplace enrollment, one week before the final sign-up deadline and its imminent exit from office. Nearly ...The Hill - Jan. 8 -
Samsung’s profit estimates disappoint as it fights for Nvidia’s AI business
Fourth-quarter earnings hit by greater investments in advanced chip manufacturingFinancial Times - Jan. 8 -
Samsung Expects Further Profit Growth Slowdown, Missing Estimates
The world’s largest maker of memory chips and smartphones said sluggish demand for conventional chips used in personal computers and mobile phones weighed on its memory business for the quarter.The Wall Street Journal - Jan. 7 -
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Nvidia founder unveils next generation of AI and gaming chips at CES 2025
In a packed Las Vegas arena, Nvidia founder Jensen Huang stood on stage and marveled over the crisp real-time computer graphics displayed on the screen behind him.NBC News - Jan. 7 -
Nvidia’s stock rallies as AI chip trade reloads for fresh run higher
Nvidia Corp.’s stock continued its rally Monday, embodying the red-hot momentum in the artificial-intelligence chip trade so far this year.MarketWatch - Jan. 7 -
Nvidia, chip stocks pop after Foxconn reports record revenue
Global semiconductor stocks climbed on Monday after Foxconn posted record fourth-quarter revenue, suggesting the AI boom has far more room to run.CNBC - Jan. 6 -
Acer unveils Acer Swift Go and Aspire Vero 16 laptops with latest chips and up to 99 TOPS AI
Acer unveiled new models in its Acer Swift Go and Acer Aspire Vero laptop families with the latest components from Intel and AMD.VentureBeat - Jan. 6 -
Qualcomm unveils AI chips for PCs, cars, smart homes and enterprises
Qualcomm unveiled AI technologies and collaborations for PCs, cars, smart homes and enterprises at CES 2025. At the big tech trade show in Las Vegas, Qualcomm Technologies showed how it’s using AI ...VentureBeat - Jan. 6 -
Foxconn Posts Record Fourth-Quarter Revenue on AI Demand
The Taiwan-listed assembler of Apple and Nvidia products posted record revenue for the fourth quarter, helped by robust demand for servers to power burgeoning artificial intelligence technologies.The Wall Street Journal - Jan. 5 -
Edwards nets career-high 53 in loss to Pistons
The Pistons overcame Anthony Edwards' career-high 53 points to beat the Timberwolves on Saturday night.ESPN - Jan. 5 -
Only UK's fourth warmest year ever – but which weather records were broken in 2024?
Tomasz Schafernaker looks back at this year's UK weather - from record breaking heat to red warnings.BBC News - Jan. 2 -
Cruise ship stomach bug illnesses hit 12-year high: CDC
Cruise ships saw the highest number of stomach bug illnesses since 2012 with 16 outbreaks that impacted 1,894 passengers.The Hill - Jan. 2
