Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Cargo Ship Struck by Missile off Yemen’s Aden Coast

 

On Sunday, the British security firm Ambrey reported that an Antigua and Barbuda-flagged general cargo ship was hit by a missile 83 nautical miles southeast of Yemen’s Aden. The ship caught fire but was eventually contained. No injuries were reported.

The Houthi militia, aligned with Iran and controlling significant parts of Yemen, has been targeting ships off its coast in solidarity with Palestinians fighting Israel in Gaza. These attacks have disrupted maritime trade routes, forcing ships to take longer and costlier journeys around southern Africa.


Labels:

Comments

Post a Comment