Q3 2023 TSMC financial results

Taiwan Semiconductor Manufacturing Company (TSMC) reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion) on Thursday amid weak demand for consumer electronics. Despite the second straight quarter of profit declines, TSMC exceeded analyst expectations. In terms of revenue, TSMC generated 546.73 billion New Taiwan dollars ($17.28 billion), surpassing the estimated 540.39 billion…

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Mass layoffs occur in Google’s news division.

Google News Division Faces Job Cuts Amid Increasing Misinformation Challenges In a significant downsizing move, Google has cut jobs in its news division, according to sources. The layoffs come at a time when online platforms and publishers are already facing challenges in combating the spread of misinformation. While the exact number of job cuts is…

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Netflix, Tesla, Lam Research, Las Vegas Sands among the stocks experiencing significant changes after trading hours

Netflix, the popular streaming giant, has exceeded Wall Street’s expectations in its third-quarter profits. The company reported earnings of $3.73 per share on $8.54 billion in revenue, surpassing analysts’ estimates of $3.49 per share and $8.54 billion in revenue. Additionally, Netflix experienced strong subscriber growth, adding 8.76 million subscribers in the quarter compared to the…

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Live updates on the stock market today.

Title: Stock Futures Steady After Volatile Day, Tesla Shares Drop on Earnings Miss Image Caption: A trader works on the floor of the New York Stock Exchange. Peter Kramer | CNBC Stock futures showed little movement on Wednesday evening, following a tumultuous day of trading. Futures tied to the Dow Jones Industrial Average added 10…

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Study finds evidence that Neanderthals constructed fireplaces for cooking, similar to modern humans

Title: Neanderthals Revealed: Ancient Hominids Hunted Cave Lions and Mastered Fire By Pierre Herubel In a groundbreaking discovery, researchers have uncovered new evidence about the fascinating lives of Neanderthals, dispelling misconceptions about their intelligence and creativity. Recent studies have revealed that these hominids hunted enormous Eurasian cave lions, surpassing the size of modern-day lions. Additionally,…

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Investors anticipate favorable economic conditions as a trusted signal prompts a strong buying opportunity in the stock market.

A trustworthy buy signal has recently emerged in the stock market, as revealed by Bank of America’s global fund manager survey. This survey, which assesses the sentiments of professional investors on Wall Street, has indicated that cash allocations among respondents have risen above the 5% threshold. According to the bank, this triggers a contrarian buy…

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Interest Rate Decision: Fed’s Waller Advocates for a Patient Approach, Urging Officials to Observe and Evaluate

Federal Reserve Governor Christopher Waller has stated that the central bank can wait before taking action on interest rates while it monitors progress in its efforts to tackle inflation. As the Fed prepares for its upcoming meeting, Waller is analyzing recent data to assess whether the bank’s measures are effectively reducing demand and slowing inflation,…

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