World’s largest chipmaker TSMC posts record profit allaying fears over semiconductor headwinds
Despite strong Q2 results, TSMC CEO CC Wei said that some of the company's capital expenditure would be "pushed out into 2023."
JPMorgan Chase earnings fell 28% after building reserves for bad loans, bank suspends buybacks
Chairman and CEO Jamie Dimon warned geopolitical tension, high inflation and waning consumer confidence could hurt the economy "sometime down the road."
Morgan Stanley misses analysts’ estimates on worse-than-expected investment banking revenue
Wall Street banks are grappling with the collapse in IPOs and debt and equity issuance this year.
Singapore’s state-owned investor Temasek reports record portfolio value
Temasek Holdings reported that the net value of its portfolio grew to $286.48 billion at the end of March — surpassing last year's record high.
PepsiCo raises revenue outlook after sales and profit top expectations
PepsiCo raised its revenue outlook for the year as consumers snacked on more Doritos chips and drank more Gatorade, even as prices increased.
Levi Strauss hikes dividend as second-quarter earnings exceed expectations
Levi Strauss second quarter earnings topped analyst estimates.
Samsung’s ‘better than feared’ earnings spur chip stock rally
Samsung's second quarter earnings guidance, which provided relief for investors, helped drag up shares of chipmakers TSMC, UMC and SK Hynix.
Walgreens stands by full-year forecast as retail gains help offset steep Covid vaccine drop
The drugstore reiterated its forecast for the year after seeing online purchases jump and retail sales bounce back in the quarter.
RH shares slide after company lowers its outlook for the year
High-end furniture chain RH on Wednesday slashed its outlook for 2022 revenue.