Posts in category Economic Times
TSMC first-quarter profit expected to rise 5% on strong AI chip demand (16-04-2024)
Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit on Thursday thanks to strong demand.
US Fed should not act urgently when it’s not required, Daly says (16-04-2024)
San Francisco Federal Reserve Bank President Mary Daly said on Monday there is no urgency to cut U.S. interest rates, with the economy and labor market strong, and inflation still above the Fed's 2% target.
Gold edges higher as Middle East tensions lift safe-haven appetite (16-04-2024)
Gold prices ticked up on Tuesday, hovering near record-high levels, as fears of escalating tensions in the Middle East drove investors towards the safe-haven metal.
Dollar firms after hot retail sales, yen languishes; China data awaited (16-04-2024)
The dollar stood just off its highest since early November against a handful of peer currencies on Tuesday, raising intervention worries as the yen languished at its lowest level since 1990 following hotter-than-expected U.S. retail sales.
Oil prices rise as Israel weighs response to Iran attack (16-04-2024)
Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies.
US stocks close lower as Middle East tensions, Treasury yields weigh (16-04-2024)
With the S&P 500 coming off its biggest one-day percentage drop since Jan. 31 in the prior session, stocks opened higher in part after data showed retail sales increased by more than expected in March.