-
1 week ago | 
sg.finance.yahoo.com | Pedro Goncalves
In this article: Taiwan Semiconductor Manufacturing Company (TSM, 2330.TW), the world’s largest contract chipmaker, posted a sharp rise in first-quarter profits, bolstered by growing demand for AI chips. Net income jumped 60.3% to NT$361.56bn (£8.4bn), outpacing analyst expectations and reinforcing TSMC’s position as a bellwether for the global semiconductor industry. The bullish outlook comes despite market concerns about a slowdown due to tightening US chip export controls.
-
1 week ago | 
aol.co.uk | Pedro Goncalves
Shares in Netflix rose in pre-market trading after company executives outlined ambitious long-term goals, including a market valuation of $1trn by the end of the decade. The streaming giant, which is due to report first-quarter earnings on Thursday, has forecast an 11% increase in revenue for the opening quarter of 2025.
-
1 week ago | 
aol.co.uk | Pedro Goncalves
Shares in Nvidia (NVDA) were down by almost 6% in pre-market trading amid news that its share price could plummet even further as Donald Trump ramps up tariffs on China to 145% and Beijing retaliates with 125% levies. The trade war has raised concerns over potential cost increases for Nvidia, whose products are deeply embedded in global supply chains.
-
2 weeks ago | 
aol.co.uk | Pedro Goncalves
The UK’s productivity is near the bottom of the G7 wealthiest nations in the world, in stark contrast to the US, where productivity has accelerated since 2019, according to think tank the Resolution Foundation. Growth in GDP per hour plummeted to just 0.6% annually during the 2010s, the worst among G7 economies, apart from Italy.
-
2 weeks ago | 
aol.co.uk | Pedro Goncalves
Apple (AAPL) saw its market value plunge by more than $300bn on Thursday, making it one of Wall Street’s biggest casualties following Donald Trump’s latest tariff offensive. Shares in the iPhone maker fell more than 9% by the close of trading in New York on Thursday, wiping out its market capitalisation, which dropped from $3.36tn to $3.05tn (£2.59tn to £2.35tn)— marking its largest one-day valuation loss on record.
-
3 weeks ago | 
aol.co.uk | Pedro Goncalves
Mortgage rates came down this week, providing much-needed relief for homeowners, with some big lenders like Santander (BNC.L) cutting rates. However, Donald Trump’s trade war could deliver a blow to mortgage holders as uncertainty takes hold. The average rate for a two-year fixed mortgage stands at 5.02%, while five-year fixed deals average 5.09%, according to data from Uswitch.
-
3 weeks ago | 
aol.co.uk | Pedro Goncalves
The pound remained relatively unchanged against the dollar today as markets prepared for the eagerly anticipated unveiling of president Donald Trump's “liberation day” tariffs. Investors are awaiting the full details of the tariff plan, which will be revealed later this afternoon in a White House announcement at 4pm local time (9pm UK).
-
3 weeks ago | 
aol.co.uk | Pedro Goncalves
US president Donald Trump’s proposed tariff hikes due to be announced this Wednesday could wipe out UK chancellor Rachel Reeves’s fiscal headroom, a member of the budget watchdog’s committee has warned. David Miles, a member of the Office for Budget Responsibility's (OBR) Budget Responsibility Committee, told MPs: “If tariffs at 20%, 25% were put on the UK and maintained for five years, our assessment of what that does is that it will knock out all the headroom that the government currently has.
-
3 weeks ago | 
aol.co.uk | Pedro Goncalves
Shares in the yoga pants maker plunged by over 10% in pre-market trading as it said it expects sales growth to slow this year, hurt by cautious consumers who are limiting their spending amid an uncertain macroeconomic environment. Lululemon (LULU) posted a 10% year-on-year rise in revenue, reaching $10.6bn (£82.bn), buoyed by the opening of new stores and growth at existing locations. Annual net income also increased, growing 17% to $1.8bn.
-
4 weeks ago | 
aol.co.uk | Pedro Goncalves
The UK’s economic growth forecast has been slashed by half for 2025, with the official watchdog predicting a much weaker recovery. In her spring statement, chancellor Rachel Reeves aimed to balance the books through fresh spending cuts, including welfare cuts. Real GDP growth for 2025 is now expected to be just 1%, a sharp decline from the previous forecast of 2% issued by the Office for Budget Responsibility (OBR) last autumn.
