Year: 2025
TSMC’s second-quarter profit soars nearly 61%, beating estimates as AI chip demand stays strong
A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Daniel Ceng | Anadolu | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, beating […]
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AI-generated music is going viral. Should the music industry be worried?
The growing prevalence of AI music has caused a stir across the music industry, according to Keith Mullin, head of management and music industry course leader at the Liverpool Institute for Performing Arts. Da-kuk | E+ | Getty Images With more than 1 million monthly listeners on Spotify, psychedelic rock band The Velvet Sundown is […]
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Meta and Google are laying a web of globe-spanning subsea cables. We found out what’s involved
U.S. hyperscalers Meta and Alphabet ‘s Google are rolling out a fast-growing web of transcontinental subsea cables, looking to keep pace with ever-increasing bandwidth demand and artificial intelligence workloads. Submarine cables are the backbone of the world’s internet and telecommunications infrastructure, enabling everything from international phone calls to financial transactions. While satellites play a complementary […]
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Construction begins on Las Vegas Sands’ $8 billion ‘ultra luxurious’ resort in Singapore
Construction has started on an $8 billion “ultra luxurious” integrated resort in Singapore that will expand the city-state’s Marina Bay Sands integrated resort and Las Vegas Sands’ presence in Asia. Singapore’s Prime Minister Lawrence Wong and Las Vegas Sands co-founder Miriam Adelson attended a ground-breaking ceremony Tuesday, where it was revealed that the development will […]
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Futures slip after major averages post winning day on Trump’s denial that he plans to fire Powell: Live updates
Traders work at the New York Stock Exchange on July 15, 2025. NYSE U.S. stock futures ticked lower on Thursday morning. The moves follow a winning day after President Donald Trump denied that he was planning to fire Jerome Powell from his position as Federal Reserve chairman. Futures tied to the Dow Jones Industrial Average […]
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Japan’s exports fall for second straight month with no U.S. trade deal in sight, raising recession fears
New Isuzu Motors Ltd. trucks bound for shipment at a port in Yokohama, Japan, on Sunday, July 13, 2025. Bloomberg | Bloomberg | Getty Images Japan’s exports in June contracted 0.5% year over year, extending the 1.7% drop seen in May as deliveries continued to decline for the second straight month. The decrease in exports […]
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Asia-Pacific markets mostly fall as investors assess Japan’s trade data and Trump’s plans for Powell
Singapore stocks extend rally to hit fresh all-time highs Singapore’s 30-stock benchmark Straits Times Index extended its winning run for a ninth consecutive day, hitting a fresh all-time high of 4,154.13 earlier in the session. Stock Chart IconStock chart icon Straits Times Index Chinese and Hong Kong stocks rise in early trade Chinese and Hong […]
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CNBC Daily Open: U.S. producer prices are flat — but they don’t factor in imports
A worker arc welds a metal door at the Metal Manufacturing Co. facility in Sacramento, California, U.S., on Tuesday, May 27, 2025. David Paul Morris | Bloomberg | Getty Images No one likes being the person who goes “but actually…”. Sometimes, however, it is necessary. The U.S. producer price index in June was flat, meaning […]
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Trading in Japan’s Seven & i halted after Couche-Tard withdraws $47 billion bid to acquire the retailer
A 7-Eleven convenience store, operated by Seven & i Holdings Co., in Kawasaki, Japan, on Monday, Aug. 19, 2024. Bloomberg | Bloomberg | Getty Images Trading in Japan’s Seven & i was halted Thursday after Canada’s Alimentation Couche-Tard withdrew its $47 billion bid to acquire the retailer. Convenience store operator Couche-Tard announced Wednesday that it […]
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Coinbase steps into consumer market with stablecoin-powered ‘everything app’ that goes beyond trading
Dominika Zarzycka | Nurphoto | Getty Images Coinbase unveiled Wednesday an “everything app” designed to bring more people into the crypto economy. The “Base App,” which replaces Coinbase Wallet, will combine wallet, trading and payment functions as well as social media, messaging and support for mini apps – all running on the company’s homegrown public […]
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