MarketCatalystAdjusted earnings rose 29% to $1.69 a share, beating estimates, and clients brought in $190.4 billion of core net new assets. Revenue of $7.17 billion landed just under forecasts, and shares fell in premarket trading.
Net profit jumped 69% to NT$763 billion and TSMC lifted 2026 growth to about 44%, while CEO C.C. Wei said the Terafab project in Texas has to be run by TSMC, setting up a clash with Elon Musk's plans.
Producer prices rose far more than forecast in September, led by a 20.3% jump in gasoline, pushing the annual rate to its highest since December 2022 and adding pressure on the Fed a day after hot consumer inflation.
Gartner warns more than $3.5 trillion of AI infrastructure spending faces write-down risk by 2030 and predicts over 80% of neocloud providers will lose their independence, as data center owners need $8.5 trillion in revenue but may capture only $3.6 trillion.
All major U.S. indices closed lower, led by a near‑2% drop in the Nasdaq as tech stocks retreated. Health‑care outperformed, the dollar firmed, Treasury yields rose and the VIX edged higher, keeping v
Airline stocks sank Wednesday after September's inflation report showed airfares up 22.4% from a year ago, driven by jet fuel that has climbed 78% since the Iran war began. JetBlue fell about 10%, and American, United and Delta all lost ground.