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Chipmaker TSMC posts sharpest increase in sales since 2022 following AI boom

Taiwan Semiconductor Manufacturing Co, which supplies chips to Apple and Nvidia, saw its sales increase 16.5% in the first quarter of 2024

Treasury yields steady as traders await crucial inflation report

Bond yields were barely budging early Wednesday, as investors kept their powder dry ahead of the consumer price index report for March.

Philips shares climb after finalizing pact with U.S. over device sales

Philips reiterated its financial outlook on Wednesday after finalizing a consent degree with the U.S. Department of Justice and Food and Drug Administration that will prevent it from selling new respiratory care devices in the U.S. but will allow for exports.

Fitch Ratings downgrades China outlook to negative as economic concerns rise

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Esprit in talks with private-equity firm for potential investments

Esprit is in talks with an international private equity firm regarding prospective investments as the fashion retailer struggles with its European business, which saw some of its units declaring insolvency.

FAA reportedly investigating whistleblower claims alleging flaws in Boeing’s 787 Dreamliner

A whistleblower has reportedly complained to federal regulators that Boeing Co. overlooked safety concerns in the production of its 787 Dreamliner jets.

GM’s Cruise robotaxi unit relaunches — with human drivers — in Phoenix

After suspending operations last fall, Cruise, the troubled autonomous-driving unit of General Motors Co., plans to gradually return to city streets, starting in Phoenix.

For the first time in history, the NCAA men’s basketball final had fewer viewers than the women’s final

Roughly 4 million more people tuned in to watch Caitlin Clark’s final college game than did to see UConn repeat as men’s champions.

Nvidia’s stock enters a correction. Here’s where the other Magnificent Seven stocks stand.

Apple is already in a correction and Tesla is in a bear market, but the other four Magnificent Seven tech stocks are near highs.

Intel’s stock stems its bleeding upon launch of new AI chip

The chip maker’s shares are on track to snap a five-session losing streak.

Here’s how much Caitlin Clark and the other top picks in the historic 2024 WNBA Draft will make as pros

Hint: It’s less than $100,000

Cinemark well-positioned for box-office rebound and market-share gains, says Benchmark

Movie-theater chain Cinemark Holdings Inc.’s growth prospects are strong, according to Benchmark analyst Mike Hickey.
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