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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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Mark Carney: The Economist Who Took on Trump and Won

 

Mark Carney, a former central banker, has emerged as Canada’s prime minister following a dramatic election that reshaped the political landscape. His victory was fueled by a surge of nationalism in response to U.S. President Donald Trump’s aggressive rhetoric and trade policies. Trump’s threats to annex Canada as the “51st state” and impose steep tariffs on Canadian goods galvanized voters, turning Carney’s Liberal Party from underdogs to champions of Canadian sovereignty.

Carney’s campaign centered on defending Canada’s independence and rebuilding its economy to reduce reliance on the United States. His experience as governor of the Bank of Canada and the Bank of England lent credibility to his promises of economic resilience. In his victory speech, Carney declared, “President Trump is trying to break us so that America can own us. That will never, ever happen”.

The election results marked a stunning comeback for the Liberals, who were initially projected to lose to the opposition Conservatives. Carney’s leadership and his ability to rally Canadians against external threats proved decisive in securing his mandate. 

Carney’s win is not just a political triumph; it’s a statement of Canada’s resolve to stand firm against external pressures and chart its own path forward. His tenure promises to be defined by efforts to strengthen Canada’s economy and assert its sovereignty on the global stage. 

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