Reported 6 months ago
Artificial Intelligence (AI) is reshaping various industries, including finance and technology, with Taiwan Semiconductor Manufacturing (TSM) strategically positioned as a key player due to its advanced semiconductor process technologies to support AI servers. TSMC expects substantial revenue growth from 3-nanometer and 2-nanometer chips that are crucial in AI data centers. The company's High-Performance Computing business is thriving, showing impressive financials and a reasonable valuation. TSMC's geographic footprint expansion plans in Arizona, Japan, and Germany, along with its pivotal role in AI infrastructure, make it an attractive investment option amidst evolving market conditions.
Source: YAHOO
Reported 6 months ago
A new trend in the crypto market, known as 're-staking,' has seen over $18 billion flow into platforms offering rewards in exchange for locking up tokens, triggering concerns regarding potential risks for users and the overall market. EigenLayer, a start-up in Seattle, spearheaded the re-staking surge with $18.8 billion worth of assets on its platform. This innovative practice involves reinvesting newly-created tokens received as staking rewards to generate higher returns, contributing to the growing popularity of decentralized finance (DeFi) and experimental investment schemes in the crypto space.
Source: YAHOO
Reported 6 months ago
Mondelez has resumed producing Oreo cookies in Ukraine after repairing its plant in Trostyanets, which was heavily damaged during Russia's invasion two years ago. The company states that products from the Ukrainian factory are not being exported to Russia and are being sold domestically or exported to countries like Georgia and Kazakhstan. Mondelez aims to make its business in Russia self-sufficient by the end of 2023. Despite calls for boycotts, the company's rivals like Nestle continue to operate in Russia, with food not currently under international sanctions.
Source: YAHOO
Reported 6 months ago
Turkey's economy expanded faster than China with a 5.7% annual GDP growth in the first quarter, driven mainly by household consumption. Despite aggressive interest rate increases, growth remained strong due to consumer spending. The challenge lies in curbing demand to control inflation, with analysts predicting a slowdown in growth for the rest of 2024 as tighter policies take effect.
Source: YAHOO
Reported 6 months ago
In TVING's upcoming K-drama 'Dreaming of a Freaking Fairytale,' lead actress Pyo Ye-Jin challenges stereotypes in fairy tales by playing a self-reliant and bold Cinderella character named Shin Jae-Rim, who takes control of her own destiny. The rom-com storyline follows her journey of self-discovery as she meets a Chaebol prince who wants to pursue his dreams. Ye-Jin's portrayal hints at a refreshing twist to the traditional Cinderella character, promising an entertaining and empowering narrative for viewers.
Source: YAHOO
Reported 6 months ago
Discover your daily work horoscope for each zodiac sign on May 31, 2024. Advice includes working from home for Aries, reorganizing information for Taurus, focusing on specifics for Gemini, being cautious in negotiations for Cancer, reviewing strategic thinking for Leo, managing communications for Virgo, making decisions promptly for Libra, anticipating a positive turn for Scorpio, implementing new ideas for Sagittarius, adjusting to workplace changes for Capricorn, reflecting on job role for Aquarius, and facing tough choices for Pisces.
Source: YAHOO
Reported 6 months ago
歐盟於2024年5月31日星期五批准了意大利對STMicro芯片工廠的54億美元援助，該工廠將在西西里島卡塔尼亞建造，以製造能提升電動車能效的專業微型芯片。歐洲因為減少對亞洲進口重要元件的依賴而對此進行支持。這項意大利國家援助是為了應對疫情期間出現的供應鏈崩潰和與中國貿易緊張局勢不斷升級等問題。
Source: YAHOO
Reported 6 months ago
Source: BARRONS
Reported 6 months ago
在2024年NBA季后赛中，達拉斯獨行俠在關鍵時刻贏得了資深球星伊威爾合作下的團隊合作，引領球隊晉級NBA總決賽，並將在與波士頓塞爾蒂克斯的對決中展示他們的實力。盧卡·東契奇和狄翁特·伊萬與隊友一起為球迷帶來了精彩的比賽，奠定了他們的季后賽表現。
Source: YAHOO
Reported 6 months ago
Saudi Arabia's offer of a portion of Aramco worth up to $12 billion is one of the top global share sales since the oil giant’s 2019 IPO. The potential deal could be the sixth-largest share sale following the IPO, with the kingdom possibly adding $1.2 billion through an option to sell more shares. The proceeds will support economic diversification efforts, including ventures in AI, sports, and Neom, as Saudi seeks to attract foreign investment and balance its budget amid low oil prices.
Source: YAHOO
Reported 6 months ago
In May, Wall Street finished strong with stocks rallying after an inflation report showed stable inflation levels. The S&P 500 closed its sixth winning month of the last seven, hitting an all-time high, while the Dow Jones Industrial Average jumped 1.5%. Easing Treasury yields after the report hinted at sustained inflation towards the Fed's target of 2%, sparking investor confidence. While tech stocks lagged, real estate stocks surged, and overall, the S&P 500 gained 4.8% in May. Stock markets globally saw mixed results in Asia and Europe.
Source: YAHOO
Reported 6 months ago
Succession writer Jesse Armstrong, known for creating the hit show 'Succession', reveals that he is more star-struck by football players like Fulham's Kenny Tete than by Hollywood celebrities. Despite his success in the entertainment industry, Armstrong finds sports people and footballers to be more intimidating and impressive. The article also delves into Armstrong's love for football, his experiences as a season-ticket holder at Fulham, and his admiration for Marco Silva, the current manager of the team.
Source: YAHOO
Reported 6 months ago
Takeo Hoshi, an academic knowledgeable about Japan's monetary policy, emphasized the need for the Bank of Japan to steadily increase interest rates to prevent inflation from surpassing its 2% target. Hoshi highlighted changing dynamics in wage inflation due to labor shortages, pushing labor costs and prices higher. He suggested that the BOJ should continue raising rates to stabilize inflation expectations, eventually moving towards quantitative tightening. Hoshi also cautioned about the risk of inflation exceeding the target and stressed the importance of considering global economic conditions in policy decisions, with many expecting a rate hike this year.
Source: YAHOO
Reported 6 months ago
Source: BARRONS
Reported 6 months ago
印度股票在歷史上顯示，在選舉後的六個月中， Sensex指數在過去五次選舉結果後均有上漲，給出超過11％的中位數回報。儘管市場大多已經價值化了印度總理莫迪的政黨勝利，但市場參與者預計他的政黨應能比上次的303個席位再創記錄以延續股票增長。投票將於6月1日結束，最終結果預計將在6月4日確定，30天隱含波動率已經從四月份的低點翻了一番，股市上週觸及新高。
Source: YAHOO
Reported 6 months ago
Embrace the summer scenery in Northern Taiwan by taking various public transportation options to destinations like Little Yin Tan Waterfall for water play, Old Caoling Tunnel for cycling, Bitou Cape Trail for sea views, Clock Mountain Trail for mountain views, Jiufen Old Street for tea and a mountain city experience, and Yangmingshan's Hydrangea Season for flower viewing. Utilize the Taiwan E-go Bus mobile app for access to detailed public transit information and route planning for a convenient and fun-filled travel experience.
Source: YAHOO
Reported 6 months ago
Renault and Geely have established a joint venture named HORSE Powertrain to develop more efficient gasoline engines and hybrid systems in an effort to enhance the competitiveness of their traditional auto business. The collaboration aims to address the growing demand for low-emission powertrains as electric vehicle sales slow down, with a focus on achieving successful decarbonization in a world where combustion engines are still expected to dominate vehicle production by 2040. The venture, expected to generate around 15 billion euros in annual revenue and produce about five million powertrain units per year, will be led by Matias Giannini as CEO and overseen by Geely Holding CEO Daniel Li as chairman of the board.
Source: YAHOO
Reported 6 months ago
Mass Ave Global Inc. and co-founder Winston Feng agreed to pay a total of $600,000 in fines to settle with the US Securities and Exchange Commission for misleading statements to investors in their Asia hedge fund. The company rose and fell within four years, facing governance issues and growing to $1.2 billion in assets by 2022. The SEC found discrepancies in the fund's exposure information, prompting an internal review and eventual closure of all 16 advised funds.
Source: YAHOO
Reported 6 months ago
Investors are eagerly awaiting inflation data from Europe and the U.S., with the euro zone expected to report 2.5% inflation for May and the European Central Bank likely to consider rate cuts. Markets are sensitive to any surprises in the data, as they weigh expectations for global rates. European bourses are predicted to open lackluster, while U.S. stocks, the dollar, and Treasury yields have all decreased following a downward revision to U.S. GDP, raising expectations for Fed rate cuts. The dollar is on track for its first monthly loss this year against major currencies. Asian equities rose, despite China's unexpected manufacturing activity decline in May. Additionally, markets have seemingly overlooked the conviction of former U.S. President Trump, who was found guilty of falsifying documents, with his media group's shares dropping after the verdict. Key events on Friday include the release of the euro zone and France's inflation reports for May and Germany's April retail sales data.
Source: YAHOO
Reported 6 months ago
Investors withdrew money from Chinese exchange-traded funds in May, marking the first outflow in 15 months and raising concerns about the recent stock market rebound. ETFs in Shanghai and Shenzhen saw a combined withdrawal of $4.2 billion, contrasting with previous inflows. The rally in Chinese stock markets has been supported by state funds but faced challenges amid a tepid earnings season and doubts over the efficacy of rescue measures, leading to a decline in investor confidence.
Source: YAHOO
Reported 6 months ago
Due to one of the driest Mays on record in Ukraine, wheat prices surged as fears of rising food costs resurfaced. Russia and Ukraine, major global wheat exporters, have faced crop damage from parched crops and unseasonal frost, impacting harvests and leading to a 12% monthly gain in benchmark wheat futures. Russia may declare a national emergency following frost damage, while Australia and India also face weather-related challenges, resulting in expectations of global wheat stockpiles falling to a nine-year low.
Source: YAHOO
Reported 6 months ago
The recent rise in U.S. Treasury yields, with the benchmark 10-year yield hitting nearly 4.64%, is causing concern for the stock market, which has been hitting record highs. Investors worry that the rise in yields could impact stocks negatively, as higher borrowing rates could affect consumer spending and business profits. The interplay between stocks and yields has been a key market dynamic this year, with some seeing reasons for yields to keep rising due to concerns about inflation, the U.S. fiscal deficit, and weak Treasury auctions. If the 10-year Treasury yield surpasses 4.7%, it could lead to more significant impacts on earnings and growth in the stock market.
Source: YAHOO
Reported 6 months ago
In its Q1 2025 earnings call, Veeva Systems reported total revenue of $650 million, exceeding guidance despite a reduction in full-year revenue forecasts. The leadership discussed the impact of macroeconomic challenges, deal timing in research and development, and strong progress in their commercial and R&D cloud solutions. They emphasized the importance of customer success and confidence in their product strategies, particularly with new launches like Vault CRM and Compass, while noting continued strong demand despite market headwinds.
Source: YAHOO
Reported 6 months ago
Japan is expected to see its household spending rise year-on-year for the first time in 14 months, with a predicted 0.6% increase in April following a decline in March. The slow growth is indicative of ongoing weakness in the consumer sector, as highlighted by Takeshi Minami, chief economist at Norinchukin Research Institute. The Bank of Japan's recent rate hike and concerns over weak private consumption are key points in the country's economic landscape.
Source: YAHOO