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Global Outlook

All articles tagged with #global outlook

businesstechnology1 year ago

"Taiwan Semiconductor Manufacturer TSMC Faces Volatility Amid AI Chip Demand and Global Outlook Concerns"

TSMC's Taipei-listed shares dropped over 6% following its first-quarter earnings report, where it maintained its capex and full-year revenue guidance and projected a gradual recovery for the chip sector. The company's forecast for second-quarter sales to potentially rise by 30% was overshadowed by its unchanged capital spending plans and a lowered outlook for the global semiconductor industry, leading to market concerns and a decline in stock value.

via Yahoo Finance|
#businesstechnology#capital-expenditure#chip-sector
businesstechnology1 year ago

Taiwan Semiconductor Manufacturer TSMC Faces Stock Slide Despite Strong Q1 Earnings

TSMC's Taipei-listed shares dropped over 6% following its first-quarter earnings report, where it maintained its capex and full-year revenue guidance and indicated a gradual recovery for the chip sector. The company forecasted a potential 30% rise in second-quarter sales due to demand for semiconductors used in AI applications, but left its capital spending plans unchanged and lowered its outlook for the global semiconductor industry and foundry sector. Analysts and investors expressed concerns over the company's profit expectations and the slower recovery in logic semiconductor demand for 2024, leading to a broader market decline of over 3.5%.

via Reuters|
#businesstechnology#chip-sector#global-outlook
economy2 years ago

IMF Raises U.S. Growth Forecast for 2023, Maintains Global Outlook

The International Monetary Fund (IMF) has raised its growth forecast for the United States in 2023, citing stronger business investment and resilient consumption growth. However, it revised down its growth forecast for the euro zone due to slower trade and higher interest rates. The IMF reiterated a global growth forecast of 3% for the year, but noted that the global economy is "limping along" and facing headwinds such as a slowdown in manufacturing and central bank tightening. China's growth momentum is also fading, according to the IMF.

via CNBC|
#economic-growth#economy#euro-zone
finance2 years ago

European Stocks Drop Amidst Global Uncertainty and Mixed Economic Data

US stocks, as well as equities in Europe and Asia, fell amid growing pessimism over the global outlook. The S&P 500 fell 0.9% as debt-limit talks hit a fresh impasse, raising the risk of a US default and possible recession. Luxury stocks including LVMH and Gucci owner Kering SA extended losses. Chipmaker Analog Devices Inc. slid after a weak outlook on economic uncertainty. Yields on short-dated Treasuries continued to push higher Wednesday, with investors demanding a higher premium on US debt with the highest risk of default.

via Yahoo Finance|
#debt-limit-talks#finance#global-outlook
economy2 years ago

Yellen's Cautious Optimism on US and World Economy.

US Treasury Secretary Janet Yellen believes the American economy remains strong and its banking system is resilient despite recent turmoil among regional financial institutions. She added that the “US economy is obviously performing exceptionally well,” noting solid job creation, moderating inflation, and robust consumer spending. Yellen also pledged continued economic and humanitarian support for Ukraine as it continues to defend itself against Russia’s invasion.

via CNN|
#banking-system#economy#global-outlook