TSMC Raises Guidance as AI Chip Demand Grows Faster Than Expected
What Happened? Taiwan Semiconductor Manufacturing just delivered a monster quarter. The world's largest chipmaker posted record profit of $14.77 billion. That beat analyst expectations by a wide margin. Revenue jumped 41% in dollar terms to $33.10 billion. But the real story is what TSMC said about the future. The company raised its revenue guidance. It […]
Trump and Putin Hold Extended Call Amid Ukraine Weapons Negotiations
What Happened? President Trump is on the phone with Vladimir Putin right now. Trump posted on Truth Social Thursday morning at 11:21 a.m. ET saying the conversation with Russia's president is "ongoing" and "lengthy." "I will report the contents, as will President Putin, at its conclusion," Trump wrote. The timing is notable. Ukrainian President Zelenskyy […]
Regional Bank Stocks Crash on Fears of Bad Loans Spreading Through System
The Bad News Keeps Coming Regional banks are getting crushed. Zions Bancorporation dropped over 10% Thursday. Western Alliance fell more than 9%. The regional banking ETF lost over 4%. Investment bank Jefferies got hit even harder - down more than 9% in a single day. The stock has plunged 23% in October alone. That's its […]
Citi Says U.S. Stocks Are in a Bubble - And You Should Keep Buying Anyway
What Happened? Citi's macro strategy team just made a bold call: U.S. stocks are officially in a bubble. But here's the twist - they're telling investors to stay invested anyway. Citi defines a bubble as when prices rise more than two standard deviations above their long-term trend. By that measure, the current bubble started in […]
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