TSMC posts record profits on continued AI demand

Taiwan Semiconductor Manufacturing Company’s logo is seen in the background beside a printed circuit board. Sopa Images | Lightrocket | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a 58% increase in first-quarter profit, beating estimates and hitting a fresh record as demand for artificial intelligence chips stayed strong. Here are the company’s results…

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Daikin shares jump 14% after Elliott pushes reforms

Shares of Daikin Industries surged as much as 13.9% on Thursday after activist investor Elliott Investment Management said it would work with the company to improve performance and narrow its valuation gap with peers. The stock later pared gains and was up about 11% as of 10:40 a.m. local time. “Elliott’s significant investment in Daikin reflects…

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Tillis on Trump's reasoning for posting AI Jesus image: 'I’ll take it at face value'

Senator Thom Tillis (R-N.C.) said Wednesday that he was willing to accept President Trump’s explanation for a controversial post portraying the president as a Jesus-like figure at “face value,” arguing that he was more concerned with Trump’s comments toward Pope Leo XIV. “I’m less worried about the post,” Tillis said during an exclusive interview. Source…

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