News

TSMC forecast lifts gloomy mood in chip stocks, tariff worries linger

SINGAPORE (Reuters) -Taiwan's TSMC on Thursday lifted some share prices in Asia and Europe amid U.S. President Donald Trump's fast-evolving trade policies by providing an upbeat forecast, a day after warnings from Nvidia and ASML rocked chip stocks. Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, reported better-than-expected quarterly profit on Thursday and maintained its full-year outlooks for both revenue and capital spending. Shares of Japanese tech companies and some European firms rose after the TSMC results, which were announced after Taiwan stock markets closed.

Despite quarterly loss and battered stock, Triumph Financial stays aggressive

Even in the midst of a sharp drop in his company’s stock price and a freight market that is not supporting the bottom line at Triumph Financial, CEO Aaron Graft touted milestones reached and signaled a new aggressiveness in pricing the company’s products. In his quarterly letter to investors released in conjunction with the company’s […] The post Despite quarterly loss and battered stock, Triumph Financial stays aggressive appeared first on FreightWaves.

Tariff-wounded stocks find no balm with Powell remarks

NEW YORK (Reuters) -Investors who may have been hoping the Federal Reserve is poised to come to the aid of tariff-rattled markets took away an unwelcome message from the central bank's chief on Wednesday: the Fed may be in a bind. Fed Chair Jerome Powell said the central bank would wait for more data on the economy's direction before changing interest rates. Speaking to the Economic Club of Chicago, he noted that there was a potentially tough situation developing for the Fed in which inflation is pushed higher by tariffs while growth and potentially, employment, weaken.