TSMC first-quarter profit expected to rise 5% on strong AI chip demand

By Ben Blanchard and Faith Hung TAIPEI (Reuters) – 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. The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a … Read more

China’s economy grew 5.3% in first quarter, beating expectations

HONG KONG (AP) — China’s economy in the first quarter beat expectations while receiving a boost from policies and an increase in demand, the government said Tuesday. The world’s second-largest economy expanded at a 5.3% annual pace in January-March, beating analysts’ forecasts of about 4.8%, official data show. Compared to the previous quarter, growth was … Read more

Trump fundraising picks up, with help from big donors

Former President Donald Trump’s money machine ramped up in the first quarter of 2024, with the Republican National Committee raking in millions from a new joint fundraising arrangement. Trump’s own joint fundraising committee separately reported raising $65 million, a total nearly double its 2023 pace that will nonetheless still leave him well behind President Joe … Read more

Why Medical Properties Trust Stock Popped Today

Shares of Medical Properties Trust (NYSE: MPW) soared 18.8% on Monday after the healthcare facilities-focused real estate investment trust (REIT) announced a major asset sale. Medical Properties Trust announces a huge Utah deal Late Friday, the company said it had sold its interests in five Utah hospitals to a newly formed joint venture with an … Read more