Taiwan Semiconductor Manufacturing Company (TSMC) recently released its second-quarter results, surpassing both revenue and profit expectations. The company reported an impressive revenue of 673.51 billion New Taiwan dollars ($20.82 billion), exceeding the expected NT$657.58 billion. Net income also outperformed forecasts, coming in at NT$247.85 billion compared to the estimated NT$238.8 billion. These numbers reflect a
It is no secret that Social Security is facing a financial crisis that requires urgent attention. The combined trust funds are projected to run dry by 2035, leaving only 83% of benefits payable. However, the fund supporting retirement benefits is expected to deplete even sooner, by 2033, with only 79% of benefits being payable. President
In recent weeks, the stock market has experienced significant growth in response to speculation surrounding the Federal Reserve’s potential interest rate cuts. With traders now estimating a 100% chance of a rate cut by September, stocks have soared to new heights. The Dow Jones Industrial Average, S & P 500, and Nasdaq Composite have all
In the United States, housing is the most significant expense for consumers. However, many individuals face challenges when trying to save for a home due to high rents and home prices. Access to affordable credit is another major impediment for potential homebuyers. According to a 2022 fact sheet from the Office of the Comptroller of
General Motors has announced that the Cadillac Escalade V-Series performance model will see an increase in production for the 2025 model year. The SUV will come equipped with a standard 55-inch diagonal display across the dash, a passenger-only screen, an “executive package” for the second row, power doors, and large 24-inch wheels. These updates aim
Federal Reserve Governor Christopher Waller recently hinted at the possibility of interest rate cuts in the near future, provided there are no unexpected developments in inflation and employment. According to Waller, the current economic data align with the prospect of a soft landing, and he anticipates further data in the upcoming months to support this
The recent drop in mortgage rates to the lowest level since March has caused a significant surge in refinancing applications. According to data from the Mortgage Bankers Association, applications to refinance a home loan saw a 15% increase last week compared to the previous week. This spike in demand brings refinancing activity to the highest
Adidas experienced a surge in its shares following the announcement of an increase in its full-year 2024 earnings guidance. The company has raised its expected operating profit to approximately 1 billion euros, up from the initial estimate of 700 million euros. This upward revision in earnings guidance has instilled confidence in investors, leading to a
ASML recently reported its second-quarter earnings and sales, surpassing forecasts and indicating a positive trend in the semiconductor market. The Dutch firm recorded net sales of 6.24 billion euros, higher than the expected 6.03 billion euros, and net profit of 1.58 billion euros, exceeding the forecasted 1.43 billion euros. This performance was particularly notable as
The International Monetary Fund (IMF) recently issued a warning regarding the increased upside risks to inflation, causing doubts about the possibility of multiple interest rate cuts by the Federal Reserve this year. According to the IMF’s latest World Economic Outlook update, there has been a slowdown in global disinflation momentum, indicating potential obstacles ahead. The