Shares of rail operator CSX Corp. moved higher after hours on Thursday after the company reported third-quarter results that beat estimates, helped by higher prices and fuel surcharges. CSX CSX, Read more
Tag: freight transport
ASML rallies after chip equipment maker hikes outlook, boosting Lam stock
U.S. shares of ASML Holding NV rallied Wednesday after the Dutch chipmaking-equipment supplier’s better-than-expected results and raised outlook boosted shares of peers like Lam Research Corp., which is reporting its Read more
Here’s the history of countertrend rallies — and why one strategist expects more false starts
It’s been a nice few days for the stock market, with the S&P 500 SPX, -0.60% rising three of the last four sessions, including 4% over just the last two Read more
Taiwan Semi weighs expansion in Japan to reduce geopolitical risk
TOKYO—Taiwan Semiconductor Manufacturing Co. is considering expanding its production capacity in Japan, people familiar with the matter said, in what would be a move by the world’s largest contract chip Read more
Royal Mail may lay off up to 6,000 after loss in first half
International Distribution Services PLC said Friday that its U.K. division Royal Mail swung to an adjusted operating loss for the first half of fiscal 2023, mostly due to the effect Read more
Royal Mail may lay off up to 6,000 after loss in first half
International Distribution Services PLC said Friday that its U.K. division Royal Mail swung to an adjusted operating loss for the first half of fiscal 2023, mostly due to the effect Read more
Taiwan Semi rallies as exposure to China restrictions minimal, capital spending cut
Taiwan Semiconductor Manufacturing Co. injected some much needed optimism into the chip sector Thursday, after the third-party silicon-wafer fabricator reported results and an outlook that indicated the market wasn’t in Read more
The bank best positioned for upcoming earnings is the most criticized one in Washington, says this Bank of America analyst
This recent market turmoil was brought to you by the letter “P”. Prices that are rampant. U.K. Pension funds that are creaking. All investors want is to be shown the Read more
Taiwan Semi reports stronger-than-forecast profit
Third-party silicon-wafer manufacturer reported Taiwan Semiconductor Manufacturing Co. reported a stronger-than-forecast 80% increase in profit for the third quarter. The chipmaker said earnings rose to NT$281 billion from NT$156 billion. TSMC Read more
Chip stocks could suffer worst year ever as effects of shortage-turned-glut spread
Chip stocks sold off again Tuesday with havens within the battered semiconductor industry disappearing as the effects of a supply glut spread following a years-long shortage. The PHLX Semiconductor Index Read more