Things may be starting to look up for the world’s leading chipmaker. Last year, Taiwan Semiconductor Manufacturing Company reported its first profit decline in four years. But on April 18, the company reported its strongest sales growth since 2022, and rising quarterly profits that beat expectations. The Taiwan-based TSMC also forecast that second-quarter sales could rise as much as 30% on the backs of…
Jimmy Kimmel busted one of Donald Trump’s favorite myths about himself wide open on Tuesday night with a blunt fact-check about the former president’s rapidly declining wealth. “If you bought Trump stock two weeks ago ― and shame on you if you did ― you lost half your money,” Kimmel said. “But if you hold on just…
Just a few weeks after its peak, the stock price of Donald Trump’s social media venture, Trump Media & Technology Group, has plummeted, now sitting nearly 60% below its recent highs. Monday’s trading session saw a significant dip of 16.8%, with shares valued at $27.10, a stark contrast from the near $80 mark it hit…
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern: The presidential candidates have conflicting ideas about how much to reveal about their own finances and the best ways to boost the economy through tax policy. Biden, the sitting Democratic president, plans to release his income tax returns on Monday, the IRS filing deadline….
There’s rarely a good time for prices to rise a lot. Good luck finding someone who will tell you they enjoy it when their hard-earned dollars can’t stretch as far. But, if you’re President Joe Biden, now is a particularly bad time for inflation to reaccelerate. Just as he was starting to get better marks…
The Biden administration announced Friday that it will forgive $7.4 billion in student debt for 277,000 borrowers. The latest round of loan cancellations is a result of the U.S. Department of Education’s recent changes and improved oversight of income-driven repayment plans and the popular Public Service Loan Forgiveness program. “As long as there are people with…
Shares of Trump Media & Technology Group continue to rapidly fall back to Earth. The Truth Social owner dropped by another 8% on Monday, adding to a brutal week that wiped out a third of the stock’s value. The selloff has shrunk former President Donald Trump’s stake in the controversial company to about $2.9 billion. That’s…
Derek Saul Forbes Staff I cover and analyze daily happenings in financial markets. TOPLINE Former President Donald Trump’s social media company’s stock market slide continued Monday, as the more than $10 billion valuation scored by Trump’s company’s just two weeks ago looks to be fleeting. KEY FACTS Shares of Trump Media, the majority Trump-owned parent…
BY CHAD DE GUZMAN When billionaire Elon Musk acquired Twitter—now X—in 2022, some feared that the self-avowed free-speech “absolutist” would turn the platform into a free-for-all for disinformation. Now, as a Brazilian judge seeks to crack down on fake news on social media, he and Musk have found each other at odds in a growing spat that could have significant consequences…
If you purchased meat, poultry, pork and seafood sold by weight, or bagged citrus fruits at Walmart, you could be eligible to claim up to $500. But the deadline to file your claim is approaching. by Mike Snider and Sarah Al-Arshani USA TODAY The deadline for shoppers to file a claim in a class-action suit against…
By Chris Newlands,Business reporter The sudden decision by McDonald’s to take over ownership of its branches in Israel has thrust the franchise company Alonyal and its chief executive Omri Padan into the spotlight. McDonald’s will buy back all of its Israeli restaurants after global sales slumped due to a boycott of the brand over its…