Taiwan Semiconductor Manufacturing Co has sold its remaining stake in Arm Holdings for about $231 million, completing its exit from the British chip designer after gradually cutting the position over the past year, according to a company filing. The sale was carried out by TSMC Partners, a TSMC subsidiary, which…
UBS Group posted first-quarter net profit of $3 billion, comfortably ahead of analyst expectations, as the Swiss bank benefited from strong client activity and revenue growth across its business lines.The result compared with an average estimate of $2.3 billion in a company-provided poll of analysts and marked a stronger-than-expected start…
Adidas reported first-quarter operating profit of €705 million, beating analyst expectations as robust demand for apparel and performance categories helped the German sportswear group start 2026 on a strong footing. The result was above the €647 million average estimate in a company-compiled analyst consensus and marked a 16% increase from…
Deutsche Bank reported its highest-ever profit under CEO Christian Sewing on Wednesday, despite an increase in credit risk provisions and negative currency impacts.Germany’s largest lender recorded a net profit attributable to shareholders of 1.912 billion euros ($2.22 billion) for the quarter.This compares with 1.775 billion euros in the same period…
Demand for Huawei’s Ascend 950 artificial intelligence chips has surged following the release of DeepSeek’s V4 model, which runs on the Shenzhen-based company’s hardware, as per a Reuters report.Major Chinese internet companies, including ByteDance, Tencent, and Alibaba, are actively reaching out to Huawei to secure new chip orders, the sources…
Alphabet stock (NASDAQ: GOOG) heads into its first-quarter 2026 earnings report tonight with a lot of momentum already priced in.The stock has climbed 21% over the past 30 days, and one recent preview warned that “investors shouldn’t expect the market to ignore any weakness” after that run-up.That matters because the…
Persimmon share price has slumped this year as some major headwinds have converged. PSN tumbled to 1,075p on Tuesday, down sharply from the year-to-date high of 1,550p. This retreat happened after the weak trading statement from Taylor Wimpey, its top competitor.Persimmon stock dropped as housing challenges remainTaylor Wimpey, a top…
The Nikkei 225 Index slipped a bit after the Bank of Japan (BoJ) delivered its interest rate decision amid the ongoing US-Iran war. It dropped to ¥59,920 on Thursday, down slightly from the year-to-date high of ¥60,592.Bank of Japan interest rate decision Japanese stocks retreated as market participants reflected on the…
Asian markets opened with a mixed tone on Tuesday, as Japan and South Korea attempted to extend a powerful technology-led advance, while the rest of the region moved cautiously.The broader mood was one of consolidation rather than euphoria.MSCI’s Asia-Pacific index outside Japan eased 0.12%, while Japan’s Nikkei slipped 0.5% after…
OpenAI is discovering that scale in artificial intelligence does not automatically translate into momentum.As per a recent Wall Street Journal report, the ChatGPT maker has fallen short of internal goals for both new users and revenue in recent months.The misses include a target to reach 1 billion weekly active users…