Taiwan Semiconductor Manufacturing Co reports NT$467.58B in sales for the month, driven by strong AI hardware orders. Taiwan Semiconductor Manufacturing Co (TSM) posted a 44.7% year-over-year increase in monthly revenue, reaching NT$467.58B ($14.5B). The surge reflects per
Element proposes $820M cash acquisition of FleetPartners Element Fleet Management has submitted a non-binding proposal to acquire FleetPartners Group for $3.80 per share in cash. The offer values FleetPartners' equity at about $820M, representing a 34.3% premium to th
Sony and TSMC aim to jointly invest ¥1 trillion to expand semiconductor production in Japan, Nikkei reports. Sony Group and Taiwan Semiconductor Manufacturing Co are negotiating a ¥1 trillion ($6.4 billion) investment in a new chip plant in Japan. The facility will focus o
The medical imaging provider raised full-year revenue and earnings forecasts following stronger-than-expected second-quarter performance. RadNet reported second-quarter adjusted EBITDA of $99.7 million, a quarterly record, up from $81.2 million in the same period last year
The specialty chemicals firm maintains its dividend at $0.42 per share for the second consecutive quarter, yielding 2.2%. Ashland announced a $0.42 per share quarterly dividend, consistent with its previous payout. The dividend yields 2.2% based on current share prices.</p
Weaker US jobs data sparks surge in Asian chip stocks, with Kosdaq halting trading amid aggressive buying pressure. South Korea’s Kosdaq triggered a circuit breaker Monday as tech stocks surged, driven by traders scaling back Federal Reserve rate hike expectations after a
SK Hynix and Samsung earnings suggest memory chip pricing may near a cyclical peak, pressuring Micron’s valuation multiples. SK Hynix and Samsung, two of the world’s largest memory chipmakers, reported earnings that hint at a potential peak in the current pricing cycle. Bo
Adobe reported 10.5% annual revenue growth and a 30% net margin in FY2025, driven by AI-driven acquisitions and enterprise demand. Adobe posted $23.8 billion in revenue for fiscal year 2025, a 10.5% increase from the prior year. The company’s net income reached $7.1 billio
QXO shares fell 23% in July after acquiring TopBuild QXO closed on the $17 billion acquisition of TopBuild on July 1, its largest purchase to date. The company has been executing a roll-up strategy to consolidate the building-products distribution business.
Airbnb (ABNB) has spent years telling investors artificial intelligence could transform travel. Now it has a number to back up that claim Airbnb shares surged about 14% on Aug. 7 to their highest level in four years after the company raised its annual revenue-growth
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