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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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Arab Nations Stand Firm Against Trump's Relocation Proposal


In a recent development, powerful Arab nations have collectively rejected U.S. President Donald Trump's suggestion to relocate Palestinians from Gaza to neighboring Egypt and Jordan. The proposal, which aimed to address the humanitarian crisis in Gaza, was met with strong opposition from Egypt, Jordan, Saudi Arabia, the United Arab Emirates, Qatar, the Palestinian Authority, and the Arab League.

The joint statement released by these nations emphasized their rejection of any plans to move Palestinians out of their territories in Gaza and the occupied West Bank. Palestinian Authority President Mahmoud Abbas condemned the proposal, stating that the Palestinian people "will not abandon their land and holy sites". Jordan's Foreign Minister Ayman Safadi also expressed firm opposition, highlighting the potential risks of expanding the conflict in the region.

Trump's suggestion, which he described as a way to "clean out that whole thing," was seen as an alarming escalation in the ethnic cleansing of the Palestinian people by human rights groups. The proposal has sparked widespread condemnation and reaffirmed the commitment of Arab nations to support the Palestinian cause and resist any attempts to displace their people.

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