Asia’s chipmakers fall as Samsung sees worst quarterly profit in 8 years

Attendees wait in line beneath a large LED display of smart connected home products to enter the Samsung Electronics booth, during the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 6, 2023. Patrick T. Fallon | AFP | Getty Images Shares of semiconductors in Asia fell as South Korean chip giant Samsung Electronics … Read more

Hong Kong stocks notch 2%; China reports inflation data in line with expectations

Chipmaker TSMC says November net revenue surged 50% from a year ago Hong Kong movers: Property, tech stocks rise on reopening optimism CNBC Pro: Wall Street says a recession is coming. One investment pro names her favorite stocks to tough it out Wall Street pros are increasingly sounding the alarm on a looming recession. As … Read more

Hong Kong stocks briefly notch 2%; China reports inflation data in line with expectations

Hong Kong movers: Property, tech stocks rise on reopening optimism CNBC Pro: Wall Street says a recession is coming. One investment pro names her favorite stocks to tough it out Wall Street pros are increasingly sounding the alarm on a looming recession. As economic growth slows and inflation stays higher for longer, how should investors … Read more

Walmart, Taiwan Semiconductor, Netflix, Carnival and more

Bing Guan | Bloomberg | Getty Images Check out the companies making the biggest moves midday. Walmart — Shares of retailer Walmart jumped more than 7% after reporting quarterly earnings that beat Wall Street’s expectations and raising its forward guidance. The company reported adjusted earnings per share of $1.50 on $152.81 billion in revenue, where … Read more

Walmart, Vodafone, Getty Images and more

Take a look at some of the biggest movers in the premarket: Walmart (WMT) – Walmart shares surged 6.9% in the premarket after the retailer reported better-than-expected quarterly profit and revenue, and also saw comparable store sales exceed estimates. Walmart also announced a $20 billion share repurchase program. Vodafone (VOD) – Vodafone slid 4.1% in … Read more

Stock futures rise after Wall Street suffers first decline in three sessions

Stock futures were higher Tuesday morning after ending the day lower, snapping a two-day advance that started when a better-than-expected inflation report stoked hopes that the Federal Reserve would soon ease up on raising interest rates. Futures tied to the Dow Jones Industrial Average rose 117 points, or 0.35%. S&P 500 futures and Nasdaq-100 futures … Read more

Taiwan Semi, Paramount Global and more

The entrance of Paramount Studios is seen at Paramount Studios in Hollywood, California. Mark Davis | Getty Images Check out the companies making headlines in after-hours trading. Taiwan Semiconductor Manufacturing — Shares of Taiwan Semiconductor jumped 6.4% after Warren Buffett’s Berkshire Hathaway said it now has a $4.1 billion stake in the company. It’s a … Read more

Hong Kong stocks gain more than 5% as Asia markets rise after U.S. inflation report

Hong Kong movers: Alibaba, JD.com, Tencent soar at open Hong Kong-listed shares of Chinese technology companies popped in early Asia trade as the broader Hang Seng Index briefly added more than 6%. Tech giants Alibaba and JD.com soared 7.94% and 10%, respectively. Tencent added 9.16%, and Meituan gained 12.26%. — Lee Ying Shan Currency check: Japanese yen, Chinese yuan at strengthened … Read more

I don’t want to own Taiwan Semiconductor

Cerence Inc: “In a market like this, it can go to $13, $12. If you can take that level of pain, you can absolutely buy it, because it is a good company.” Matterport Inc: “It’s a $3 stock. So you think, ‘well, how much can you lose?’ I’ve got bad news. The answer is $3.” … Read more

Apple chipmaker TSMC considers expansion in Japan amid China tension: report

Taiwan Semiconductor Manufacturing Company, Limited at Hsinchu Science Park. Shares of the world’s largest chip maker Taiwan Semiconductor Manufacturing Company rose as much as 5% on Wednesday morning in Asia after Morgan Stanley recommended the stock. Annabelle Chih | Getty Images News | Getty Images Computer chip manufacturer Taiwan Semiconductor Manufacturing Co. is weighing a … Read more