earnings News

TSMC's Profits Skyrocket: A Deep Dive into the Semiconductor Giant's Stellar Earnings

TSMC forecasts a 58% surge in net income to $11.4 billion, following a record-breaking quarterly revenue of $26.4 billion, driven by global semiconductor demand and AI advancements...

Larry Fink of BlackRock Highlights Impending Insurance Crisis Post LA Wildfires

BlackRock's CEO Larry Fink warns of a looming insurance crisis in the U.S. following the LA fires, which have caused significant damage and loss. Amidst this, BlackRock reports a 2...

Wall Street Ends on a High Note as Investors Eye Upcoming Bank Earnings

The U.S. stock market closed with mixed results as investors awaited major bank earnings and digested the disappointing December Producer Price Index report. The Dow Jones and S&P ...

Broadcom's Spectacular Surge: A 10% Rise Amidst Strong AI Prospects

Broadcom Inc. shares rose 9.98% to $247.2299 apiece, reflecting investor optimism fueled by strong AI prospects and recent earnings. The company's market capitalization now stands ...

Amorepacific Faces Unexpected China Losses, Impacting Earnings

Amorepacific's growth in the US and Southeast Asia may not be enough to counterbalance the significant cost issues arising from its ongoing operational reshuffle in China. The oper...