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Wall Street Futures Climb as TSMC’s Record Earnings Outshine Trade Tensions

U.S. stock futures edged higher on Thursday, lifted by Taiwan Semiconductor Manufacturing Company’s (TSMC) blockbuster third-quarter results, which reassured investors amid renewed U.S.-China trade frictions. TSMC, the world’s largest contract chipmaker, reported revenue of $33.1 billion , up more than 30% year-over-year , with profits surging nearly 39% thanks to booming demand for artificial intelligence chips. The company also raised its full-year outlook, signaling confidence that AI-driven growth will continue to fuel the semiconductor sector. The upbeat earnings rippled across Wall Street: Nasdaq 100 futures rose about 0.6% , buoyed by gains in AI-linked stocks like Nvidia. S&P 500 futures advanced roughly 0.5% , while Dow Jones Industrial Average futures added 0.3% , despite its smaller tech weighting. These gains came even as escalating U.S.-China trade tensions injected fresh uncertainty into global markets. Washington and Beijing have recently exchanged new t...
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Farmers Rally in Madrid: Tractors Roar Against EU Policies

 


In a powerful display of discontent, hundreds of farmers have converged on central Madrid, steering their tractors through the city streets. Their mission: to voice frustration over European Union (EU) policies and demand relief from mounting production costs. This protest marks the culmination of more than two weeks of daily demonstrations across Spain.

Key Points:

  • Tractor Convoy: The sight of tractors rumbling through Madrid’s thoroughfares is unprecedented. These hardworking farmers are making their voices heard, emphasizing the challenges they face due to EU regulations.

  • Financial Strain: Farmers argue that the EU’s policies, particularly those related to the environment and other matters, impose a heavy financial burden. Their products become costlier compared to non-EU imports, affecting their livelihoods.

  • Spanish Perspective: Beyond EU policies, Spanish farmers also contend that a crucial law aimed at ensuring fair prices from major supermarket buyers remains unenforced. Meanwhile, consumer prices soar, exacerbating their plight.

  • European Echoes: Similar protests have reverberated across the EU bloc. In neighboring France, the continent’s largest agricultural producer, President Emmanuel Macron’s government grapples with angry farmers. Last month, major demonstrations swept through French cities, demanding better pay and assistance.

  • Call for Action: French Prime Minister Gabriel Attal acknowledges the farmers’ cries for change. He promises draft legislation to empower French farmers in commercial negotiations with distributors. Efforts to simplify hiring seasonal workers and protect local agriculture from imports are also underway.

As the tractors roll through Madrid, solidarity echoes across Europe. The struggle for fair treatment and sustainable farming practices continues, uniting farmers in their call for action.

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