CashNews.co Reasonable quarter out of JPMorgan (JPM) this morning. Read more from our banking reporter David Hollerith. I hopped on JPM’s earnings media call and asked CFO Jeremy Barnum his views on housing post Fed rate cut. All in all, it didn’t sound like a housing boom was taking shape with lower rates — but […]
CashNews.co (Bloomberg) — Taiwan Semiconductor Manufacturing Co. is planning more plants in Europe with a focus on the market for artificial intelligence chips, according to a senior Taiwanese official, as the chipmaker expands its global footprint. Most Read from Bloomberg “They have started construction of the first fab in Dresden, they are already planning the […]
CashNews.co Can you believe the 2024 season is halfway over? Week 7 marked the official midway mark of the season. With every team getting two bye weeks in 2024, there are just seven weeks remaining in the regular season before conference championship week. We’ve learned a lot already, and things are about to get even […]
CashNews.co Jensen Huang is the CEO of Nvidia, now the world’s second-most valuable company.Chip Somodevilla/Getty Images Nvidia stock closed at a record high on Monday after surging 18% in nine trading days. The chipmaker’s market value soared by $517 billion — more than Oracle is worth. Nvidia and CEO Jensen Huang are riding high on […]
CashNews.co Nvidia’s (NVDA) stock is capturing investor attention as the semiconductor powerhouse approaches a record high. The company is on the verge of surpassing Apple (AAPL) to become the most valuable company on Wall Street. Meanwhile, Trump Media & Technology Group (DJT, DJTWW) continues its upward trajectory in Monday’s trading session. Investors are snatching up […]
CashNews.co Nvidia (NVDA) stock sank 4.5% Tuesday, partially reversing its two week-rally and coming down from a record close the day before. The stock’s tumble began before the market opened in response to a Bloomberg report that Biden administration officials are considering capping US chip exports to certain countries. Bloomberg, citing unnamed sources, reported that […]
CashNews.co (Bloomberg) — Stocks got hit as a disappointing outlook from Europe’s most-valuable tech company and concern about tighter US restrictions on chip sales spurred a selloff in the industry that has powered the bull market. Most Read from Bloomberg Equities dropped from all-time highs, with the S&P 500 down almost 1%. The Nasdaq 100 […]
CashNews.co DUBLIN, Oct 15 (Reuters) – Ireland’s finance minister said on Wednesday he would favour the next government retaining a budget rule that would cap increases in public spending but that it should also allow for larger investments in capital projects. The government introduced a rule in 2021 to cap increases of combined current and […]
CashNews.co The semiconductor sector is in focus as it grapples with a double blow: disappointing earnings from ASML Holdings (ASML) and potential US export restrictions. Chip manufacturing giant ASML reported lackluster earnings and slashed its sales forecast, triggering a sell-off in its stock. Meanwhile, reports of the Biden administration considering caps on chip exports to […]
CashNews.co The biggest banks staged a broad Wall Street rebound in the third quarter as corporate clients got more comfortable issuing new debt and pursuing mergers and some traders recorded one of their best quarters in years. Goldman Sachs (GS) said Tuesday that its investment banking fees were up 20% from the year-ago period. Bank […]