TSMC shares rose, with Morgan Stanley among analysts raising their forecasts. (CPHOTO via Getty Images) TSMC (TSM) Shares of TSMC rose as much as 3% in Taipei (2330.TW), extending a rally this year to more than 75% as chipmakers prepare for TSMC’s price hikes. Shares also rose after Morgan Stanley joined a group of brokers … Read more
Boeing and Airbus have reached an agreement to distribute Spirit AeroSystems. Boeing will pay $4.7 billion for the supplier. Including the assumed debt, this amount has increased to $8.3 billion. (zoonar.com, Zoonar GmbH) Boeing (BA) Boeing and Airbus (AIR.PA) have struck a deal to split Spirit AeroSystems (SPR), with the former paying $4.7bn (£3.7bn) for … Read more
Nvidia shares are down more than 6% as investors exit the chip heavyweight. (Reuters/Reuters) Nvidia (NVDA) Nvidia has lost more than $500 billion (£433 billion) in market value since briefly becoming the world’s most valuable company last week, after its shares fell almost 7% on Monday and were in the red during trading hours. Many … Read more
Apple shuts down Apple Pay Later just months after launch. (Richard Levine) Shares of the iPhone maker were higher in pre-market trading following reports that the company is ending its “buy now, pay later” service, just over a year after its launch. The service, called Apple Pay Later, allowed customers to split purchases between $50 … Read more
Nvidia overtakes Apple as its market cap surpasses $3 billion (Reuters/Reuters) Nvidia (NVDA) US chip designer Nvidia on Wednesday became the third US company to reach a market valuation of more than $3 trillion (£2.4 trillion), overtaking Apple (AAPL) to become the world’s second most valuable company. Nvidia shares rose 5.2%, pushing its market cap … Read more