Taiwan Semiconductor Manufacturing Company reported second-quarter results that beat analysts' estimates amid surging demand for artificial intelligence chips. Sales rose 40% year-over-year, while profits rose 36%, with the company projecting continued growth for the third quarter. TSMC shares gained in early trading Thursday before turning lower, extending Wednesday's losses on...

TSMC's Q2 Earnings, Revenue Beat Amid AI Chip Boom

Taiwan Semiconductor Manufacturing Company topped analysts’ expectations for the second quarter, reporting revenue of $20.82 billion for fiscal year 2024— up 40% from a year ago. Suggested Reading. The Taiwanese chipmaker reported NT$247.85 billion in profits this quarter, or $7.6 billion, a 36% rise from the year ago...

TSMC smashed earnings expectations thanks to AI chip demand

Novartis posted second-quarter net sales and adjusted profit that beat analysts' expectations. The drugmaker upped its full-year core operating income outlook for the second time in as many quarters. Novartis now expects fiscal 2024 core operating income to grow by a mid- to high-teen-percentage rate, up from a low-double-digit to...

Novartis Falls Despite Earnings Beat, Guidance Raise

EDITOR’S NOTE: 1 Swedish Krona (SEK) equals 0.095 (US Dollar). Net sales were SEK 7,662 m (8,329); a decrease of -8%, of which -8% was organic growth. Operating profit (EBITA) before items affecting comparability) was SEK 1,069 m (1,177), corresponding to a margin of 14.0% (14.1%). Excluding a previously disclosed one-time positive effect of SEK 33 m in the second quarter 2023, the margin for the second quarter 2023 was 13.7%.

Dometic Sees Increased Margin, Strong Cash Flow in Q2

Nvidia completed a stock split in June, and Broadcom has a stock split slated for July, leaving MercadoLibre as the Nasdaq-100 stock most likely to split next. MercadoLibre operates the largest commerce and payments ecosystem in Latin America and is expected to be the world's fastest-growing advertising company in 2024.

Nvidia and Broadcom Announced 10-for-1 Stock Splits. This Nasdaq-100 Stock Is Most Likely to Split Next.

Constellation Brands President and CEO Bill Newlands joins 'Mad Money' host Jim Cramer to talk quarterly results, consumer trends, politics and more.

Constellation Brands CEO Bill Newlands goes one-on-one with Jim Cramer

Billionaire Israel Englander sold Nvidia stock during the first quarter, while purchasing shares of Palantir and Super Micro Computer. Palantir is a recognized leader among AI/ML platform vendors, and Wall Street expects the company to grow earnings per share at 22% annually through 2026. Super Micro Computer is the market...

Billionaires Are Selling Nvidia Stock and Buying 2 Supercharged Artificial Intelligence (AI) Stocks Instead

New York City, NY

Los Angeles, CA

This story is part of CNBC Make It's Millennial Money series, which details how people around the world earn, spend and save their money. After graduating from Syracuse University in 2017 and spending three years working corporate jobs in both advertising and marketing in New York City, Vienna Hintze wanted a change.

29-year-old quit her job to sell flowers from a pickup truck—now she brings in up to $16,000 a month

Nvidia and Micron have received price target increases from KeyBanc. Analyst John Vinh raised Nvidia’s target to $180 from $130 and Micron’s to $165 from $160. The increases come as traditional server demand improves and AI needs continue. KeyBanc looked at data analytics and semiconductor use by region....

Nvidia and Micron price targets raised

Jefferies analysts expect that a slide in business IT spending will bottom out soon. That could help shares of EPAM Systems, they wrote, upgrading the shares to a a buy and raising their price target. EPAM will benefit from artificial intelligence demand and an attractive valuation, Jefferies wrote. Jefferies sees...

Jefferies Sees a Bottom for IT Spending—EPAM Systems Stock Could Get a Boost

Washington State

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Mill Creek, WA

Timothy A Gruver

The Washington State Department of Labor & Industries reported on Wednesday that it fined four roofing contractors more than a million dollars for letting their workers perform on top of homes without fall protection gear, among other safety violations.

Roofing Companies Fined $1.27M for Endangering Workers

Although Domino’s Pizza reported 4.8% same-store sales growth for the second quarter ended June 16, the company’s stock took a 14% nosedive after failing to meet investors’ expectations and suspending its store growth guidance due to challenges in international markets. As U.S. sales steadily increased for Domino’s...

Domino’s positive Q2 same-store sales are offset by lackluster international performance

In most cases, a stock split is a strong indicator that a company is firing on all cylinders. Nvidia provides processors that are critical to the artificial intelligence (AI) revolution. Celsius is the fastest-growing provider of energy drinks, outpacing its larger rivals. These companies have a long track record of...

2 Stock-Split Stocks to Buy Hand Over Fist Before They Soar as Much as 75%, According to Select Wall Street Analysts

Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to discuss his latest trade out of Sharkninja, and how he's thinking about Pfizer at these levels.

Trade Tracker: Josh Brown gets stopped out of Sharkninja and Pfizer hits its highest level of 2024

This is CNBC's live blog covering the latest news and updates on the IT outage impacting businesses worldwide. See below for updates. Financial services and doctors' offices were disrupted on Friday, while TV broadcasters went offline as businesses worldwide grappled with an ongoing major IT outage. Air travel has been particularly hit, with planes grounded, services delayed and airports issuing advice to passengers.

'Largest IT outage in history' leaves world reeling

David Chiaverini, Wedbush Security equity research analyst, joins 'Closing Bell' to discuss regional banks ahead of earnings.

Rate cuts in the second half can reduce regional bank headwinds, says Wedbush's David Chiaverini

One estimate calls for artificial intelligence (AI) to add more than $15 trillion to the global economy by 2030. Certain Wall Street analysts are forecasting 55% to 100% upside over the next 12 months for three top-tier AI stocks. However, Wall Street's loftiest price targets might not be reached. Analysts...

3 Artificial Intelligence (AI) Stocks With Scorching-Hot Upside of Up to 100%, According to Select Wall Street Analysts

California State

The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Taiwan Semiconductor Manufacturing Company -- whose clients include Apple and Nvidia -- controls more than half the world's output of silicon wafers, used in everything from smartphones and cars to missiles. Following the runaway success of ChatGPT, the company is now at the forefront of a generative AI revolution, churning...

Taiwan's TSMC second-quarter net profit jumps on Gen AI demand

TheStreet

AI demand has driven chip stocks to record levels, and one Wall Street analyst weighs in on the trend.

Analyst resets Nvidia stock price target in chip-sector overhaul

NewsBreak

TSMC second-quarter profit beats expectations as AI chip boom continues

Surging demand for advanced chips used in AI applications has boosted TSMC's Taiwan-listed shares by nearly 70% so far this year. \"The demand for generative AI...

Surging demand for advanced chips used in AI applications has boosted TSMC's Taiwan-listed shares by nearly 70% so far this year. "The demand for generative AI...

TSMC second-quarter profit beats expectations as AI chip boom continues

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