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Revenues

TSM

Taiwan has expanded its 'chip diplomacy' by signing tech agreements with Canada and establishing an office in Prague to support Czech chip design engineers. This is part of Taiwan's strategy to leverage its semiconductor industry leadership to enhance international relations, despite China's opposition. Taiwan Semiconductor (TSM) plays a crucial role, with the U.S. funding a major TSMC project in Arizona and plans for TSMC facilities in Germany. Taiwan's semiconductor growth is driven by global demand and U.S. expansion, with TSMC expecting a 5% profit increase in the first quarter.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 11:02 am

NBY

NovaBay Pharmaceuticals announced a preliminary Q1 FY24 net revenue of $2.6M for its eyecare and wound care business, marking a 13% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:01 am

BAC

HSBC

MS

UBS

Morgan Stanley (NYSE:MS) is set to reduce its workforce in the Asia-Pacific region, cutting around 50 jobs, mainly in Hong Kong and China, which is about 13% of its regional bankers. This decision is attributed to declining revenues in Asia, especially in China due to economic challenges. Despite a global revenue increase, Morgan Stanley's net revenue from Asia fell by 12% in the first quarter. Other financial institutions like HSBC Holdings Plc (NYSE:HSBC), UBS Group AG (NYSE:UBS), and Bank of America Corp (NYSE:BAC) have also made similar job cuts in Asia.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 10:56 am

GLD

SPY

On April 16th, U.S. markets ended mixed with the S&P 500 and Nasdaq Composite falling, while the Dow Jones gained. This was amid volatile trading due to rising Treasury yields and concerns over high interest rates. Federal Reserve Chair Jerome Powell hinted at maintaining higher interest rates longer than expected due to inflation. Asian markets, excluding China, saw declines, while European markets and the STOXX 50 index experienced gains. Commodities showed mixed results with gold surpassing $2,400.

Portfolio Pulse from Akanksha Bakshi

April 17, 2024 | 10:39 am

AULT

Ault Alliance's subsidiary, Gresham Worldwide, is witnessing a surge in sales demand and backlog, driven by strong order inquiries and activity in defense market segments. This growth indicates a positive outlook for the company's electronic technology solutions sector.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:37 am

VGK

The Eurozone Consumer Price Index (CPI) for March reported a year-over-year increase of 2.4%, aligning with estimates and showing a slight decrease from the previous 2.6%.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:33 am

VGK

The Eurozone Consumer Price Index (CPI) for March increased by 0.8%, aligning with the estimates and showing a rise from the previous 0.6%. This data indicates a slight increase in inflation within the Eurozone, which could have implications for monetary policy and investment strategies in the region.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:32 am

VGK

The Eurozone Core Consumer Price Index (CPI) year-over-year for March was reported at 2.9%, aligning with estimates and showing a slight decrease from the previous 3.1%.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:32 am

GSK

GSK announced that new long-term data indicate its Shingrix vaccine continues to offer protection against shingles in adults aged 50 and over for more than a decade. This update reinforces the vaccine's efficacy and could influence its adoption and sales.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:30 am

SHLT

SHL Telemedicine reported an increase in full-year sales to $57.1 million, up from $55.4 million the previous year, indicating growth in its telemedicine business.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:07 am