To activate the text-to-speech service, please first agree to the privacy policy below. Taipei, May 28 (CNA) Taiwan's vice premier on Thursday called on Washington to clarify tariff exemption quotas and preferential treatment outlined in an investment memorandum of understanding (MOU) signed in January, as the United States considers imposing protective tariffs on semiconductor imports. Although T...
To activate the text-to-speech service, please first agree to the privacy policy below. Taipei, May 28 (CNA) Taiwan's vice premier on Thursday called on Washington to clarify tariff exemption quotas and preferential treatment outlined in an investment memorandum of understanding (MOU) signed in January, as the United States considers imposing protective tariffs on semiconductor imports. Although Taiwan's semiconductor exports to the U.S. are currently exempt from tariffs, Vice Premier Cheng Li-chiun (鄭麗君) said at a news conference that the U.S. side had "repeatedly" stated during bilateral trade talks that it could impose tariffs on global semiconductor imports, including those from Taiwan, under Section 232 of the Trade Expansion Act on national security grounds. Cheng referenced an MOU signed between the two sides in January under which the U.S. agreed to grant Taiwanese semiconductor manufacturers tariff-free export quotas and preferential treatment, in exchange for direct investments by Taiwanese technology companies to expand advanced semiconductor, energy and AI production in the U.S. "We hope the preferential treatment can be confirmed first. The government will help businesses negotiate their individual tariff-exempt quotas and covered items," Cheng said. "We further hope that if the U.S. imposes Section 232 tariffs on semiconductors, they will be implemented afterward to reduce uncertainties facing our businesses investing in the U.S.," she said. Cheng, who leads Taiwan's negotiating team in trade talks with Washington, said Taiwan had conveyed this position to the U.S. during previous rounds of negotiations. Under the MOU, Taiwanese technology companies building semiconductor production facilities in the U.S. would be allowed to export semiconductors equivalent to up to 2.5 times their planned U.S. production capacity without paying Section 232 duties. Taiwanese companies that have completed new chip production projects in the U.S. would still be able to i...
"In my 40-year working career, I have never once had accusations made against me such as those made in recent days. I dispute entirely this characterisation of my conduct," he said.
"In my 40-year working career, I have never once had accusations made against me such as those made in recent days. I dispute entirely this characterisation of my conduct," he said.
Integrity Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,816 shares of the semiconductor manufacturer's stock, valued at approximately $389,000. A number of other hedge funds and other institutional investors...
Integrity Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,816 shares of the semiconductor manufacturer's stock, valued at approximately $389,000. A number of other hedge funds and other institutional investors have also recently modified their holdings of AMD. Brighton Jones LLC boosted its position in Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after acquiring an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after acquiring an additional 234 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock worth $758,000 after acquiring an additional 2,970 shares in the last quarter. United Bank raised its position in shares of Advanced Micro Devices by 22.0% in the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer's stock worth $1,881,000 after acquiring an additional 2,392 shares in the last quarter. Finally, Schnieders Capital Management LLC. raised its position in shares of Advanced Micro Devices by 361.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer's stock worth $1,310,000 after acquiring an additional 7,228 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors. Get Advanced Micro Devices alerts: Sign Up Trending Headlines about Advanced Mic...
A Philippine senator and son of a former president could soon face arrest after an anti-corruption body charged him on Thursday with receiving illicit payouts in an infrastructure scandal that has slowed economic growth and hammered consumer and investor confidence. The Office of the Ombudsman said Senator Jose “Jinggoy” Estrada has been indicted for plunder and violating anti-corruption laws ...
A Philippine senator and son of a former president could soon face arrest after an anti-corruption body charged him on Thursday with receiving illicit payouts in an infrastructure scandal that has slowed economic growth and hammered consumer and investor confidence. The Office of the Ombudsman said Senator Jose “Jinggoy” Estrada has been indicted for plunder and violating anti-corruption laws after he earned “kickbacks” amounting to 573 million pesos (US$9.3 million) from a scheme that defrauded infrastructure projects paid for by the national budget. “If the honourable court finds probable cause, we anticipate the subsequent issuance of warrants of arrest against the principal respondents,” Assistant Ombudsman and spokesperson Mico Clavano told a press briefing. Advertisement Charged alongside Estrada are former public works minister Manuel Bonoan and engineering officials from the ministry. 01:54 Philippine senator linked to Duterte drug war evades arrest after ICC confirms warrant Estrada did not immediately respond to a Reuters request for comment. When asked by reporters on Tuesday about the impending charges, he said, “Well, if this is the price that I have to pay for standing on my own principles and what I believe in? So be it.”
Integrity Alliance LLC. grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 34.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,944 shares of the semiconductor company's stock after purchasing an additional 1,791 shares during the quarter. Integrity Alliance LLC.'s hold...
Integrity Alliance LLC. grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 34.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,944 shares of the semiconductor company's stock after purchasing an additional 1,791 shares during the quarter. Integrity Alliance LLC.'s holdings in Taiwan Semiconductor Manufacturing were worth $2,110,000 as of its most recent SEC filing. Other institutional investors and hedge funds also recently made changes to their positions in the company. Shannon River Fund Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth approximately $2,430,000. Hantz Financial Services Inc. grew its position in Taiwan Semiconductor Manufacturing by 28.6% during the third quarter. Hantz Financial Services Inc. now owns 37,216 shares of the semiconductor company's stock worth $10,394,000 after buying an additional 8,284 shares in the last quarter. Meridian Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing by 27.9% during the fourth quarter. Meridian Wealth Management LLC now owns 65,974 shares of the semiconductor company's stock worth $20,049,000 after buying an additional 14,406 shares in the last quarter. Hollencrest Capital Management grew its position in Taiwan Semiconductor Manufacturing by 125.3% during the third quarter. Hollencrest Capital Management now owns 5,216 shares of the semiconductor company's stock worth $1,457,000 after buying an additional 2,901 shares in the last quarter. Finally, Boyer Financial Services Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $648,000. Institutional investors and hedge funds own 16.51% of the company's stock. Get TSM alerts: Sign Up Taiwan Semiconductor Manufacturing Stock Up 2.4% Shares of TSM opened at $422.35 on Thursday. Taiwan Semiconductor Manufacturing Co...
There are a number of retirement decisions you and your spouse might have to make jointly -- downsize versus stay put, tap IRAs versus taxable accounts, and figure out when to claim Social Security. But the latter decision could end up being the toughest one yet. Delaying Social Security past full retirement age allows you to grow your benefits. Those monthly checks will get an 8% boost for each y...
There are a number of retirement decisions you and your spouse might have to make jointly -- downsize versus stay put, tap IRAs versus taxable accounts, and figure out when to claim Social Security. But the latter decision could end up being the toughest one yet. Delaying Social Security past full retirement age allows you to grow your benefits. Those monthly checks will get an 8% boost for each year you hold off, until you reach age 70. But that doesn't make delaying a no-brainer. Here are some pros and cons of waiting on Social Security as a couple. The advantages of delaying benefits The biggest reason couples opt to delay Social Security is simple -- larger monthly checks for life. Those larger benefits could take a lot of financial pressure off, help you preserve your nest egg, and give you an opportunity to pay for experiences you've always wanted to have together. Delaying Social Security could also be a smart move in the context of survivor benefits. Not only will you both have larger checks to begin with, but if the higher earner in your household passes away before the lower earner, the lower earner will be entitled to more generous survivor benefit payments. The drawbacks of delaying benefits Despite the benefits, delaying Social Security is not automatically the best choice for every couple. The most obvious downside is that delaying means giving up years of payments up front. That could mean missing out on an opportunity to maximize good health. For example, say you and your spouse have some big-ticket trips you want to take. If you need your Social Security benefits to make them happen and you both wait to file, you may end up having to alter your travel plans if your health isn't as strong by the time you're ready to book. Also, if you or your spouse doesn't expect to live a longer life -- say, because of known health issues -- delaying Social Security could mean getting a smaller lifetime check from the program. If you're the higher earner, you can p...
Everyone has been warning that AI is coming for your job, and that it’s just a matter of time. But that story glosses over how costly running AI can be — and those costs have the potential to slow or even stop what’s felt like an inevitable takeover. Two developments shook things up this week. Microsoft (NASDAQ: MSFT) — the company that poured about $13 billion into OpenAI (1) and writes up to 30%...
Everyone has been warning that AI is coming for your job, and that it’s just a matter of time. But that story glosses over how costly running AI can be — and those costs have the potential to slow or even stop what’s felt like an inevitable takeover. Two developments shook things up this week. Microsoft (NASDAQ: MSFT) — the company that poured about $13 billion into OpenAI (1) and writes up to 30% of its own code using generative AI — reportedly told engineers (2) in a major division to stop using an AI coding tool because the bills got too big. And Uber’s (NYSE: UBER) chief technology officer said the company burned through its entire 2026 budget for Claude Code and Cursor in just four months, according to The Information (3). Must Read Sure enough, it sounds like the AI companies themselves are fully aware of the costs. Bryan Catanzaro, VP of Applied Deep Learning Research at Nvidia (NASDAQ: NVDA) — the $5+ trillion company making the chips powering much of the AI industry — told Axios (4) “for my team, the cost of compute is far beyond the costs of the employees.” AI replacing human workers is still a real long-term risk. But here’s the thing: The companies actually deploying it at scale are openly admitting AI is too expensive, and that is an important signal. What Microsoft actually did, and what it didn’t Back in late 2025, Microsoft gave thousands of its people — engineers, product managers, designers, and even folks in non-technical roles — access to Claude Code (5), Anthropic’s command-line AI coding agent. The idea was to let them experiment and start coding with it. It spread pretty fast, way beyond just the technical teams. Then the bills arrived. Microsoft is now canceling Claude Code licenses (6) across its Experiences and Devices group — the team behind Windows, Microsoft 365, Outlook, Teams, and Surface — with a June 30 cutoff (7), the last day of Microsoft’s fiscal year. The company is moving its engineers to GitHub Copilot CLI (8), Microsoft’s more...
Thai Liang Lim/iStock via Getty Images The thesis for Cohen & Steers Closed-End Opportunity Fund Inc ( FOF ) is not as straightforward as Buy for diversification and hence smoother returns. On paper, the diversification across equity income, leveraged credit, utilities, municipals, commodities, infrastructure, and hard assets should imply that. But FOF has experienced meaningful drawdowns in 2022-...
Thai Liang Lim/iStock via Getty Images The thesis for Cohen & Steers Closed-End Opportunity Fund Inc ( FOF ) is not as straightforward as Buy for diversification and hence smoother returns. On paper, the diversification across equity income, leveraged credit, utilities, municipals, commodities, infrastructure, and hard assets should imply that. But FOF has experienced meaningful drawdowns in 2022-23 and even during the most recent micro-stress events around April 2025 and March 2026. The slower upside is intuitive and acceptable, but the drawdown performances seem to challenge the diversification thesis. The FOF thesis needs a nuanced understanding of risk diversification versus drawdown mitigation - they are not interchangeable concepts. FOF does not eliminate macro risks. It simply distributes risks across several income-generating but still macro-sensitive sleeves. During synchronized macro shocks, like what we saw in 2022-23 (when all income assets repriced lower simultaneously), all baskets are impacted, and drawdown protection can very well defy diversification expectations. The Buy thesis for FOF for the regime ahead is less about avoiding drawdowns as an outcome and more about future market stress becoming more fragmented across asset classes - not a single dominant macro shock. A range of relevant scenarios shows why FOF's diversification holds multiple paths to better resilience while delivering steady income. This is not about guaranteeing lower drawdowns (than, say, equity) but about not relying mainly on equity multiple expansion and spreading return generation across credit spreads, utility cash flows, covered-call premiums, municipal income, and hard-asset exposure. Diversification Across Multiple Risk Engines I categorized FOF's full holdings (as of March-end 2026) across the various risk segments. Percentages are approximate due to overlap between mandates and multi-asset fund structures. The top holdings and the categorization of the full portfolio...
Sundry Photography Shares of Snowflake ( SNOW ) surged about 35% premarket on Thursday after fiscal first quarter results and outlook beat estimates, drawing bullish reactions from analysts. Wedbush ( IVES ) kept its Outperform rating and raised the price target to $280 from $270, citing increased confidence in its AI strategy. The firm also maintained Snowflake, which provides a cloud-based data ...
Sundry Photography Shares of Snowflake ( SNOW ) surged about 35% premarket on Thursday after fiscal first quarter results and outlook beat estimates, drawing bullish reactions from analysts. Wedbush ( IVES ) kept its Outperform rating and raised the price target to $280 from $270, citing increased confidence in its AI strategy. The firm also maintained Snowflake, which provides a cloud-based data platform, on the IVES AI 30 List in a May 27 research note. "SNOW reported its FY1Q27 (April) results which featured beats on the top and bottom lines driven by strong product revenues backed by AI momentum as Cortex and Snowflake Intelligence resonate with customers. We continue to believe the software landscape is in the early innings of AI monetization as the disconnect induced by the “AI Ghost Trade” closes for SNOW. The strong consumption trends and AI workload momentum refute the Databricks share-shift narrative that has weighed on shares," said analysts led by Dan Ives. The analysts noted that Snowflake's deep infrastructure capabilities represent a strong moat that they believe positions the company to capitalize on the "AI Revolution transforming the enterprise landscape front and center." "Snowflake a Jalen Brunson like monster quarter showing AI monetization on the software layer starting to accelerate meaningfully. First Palantir…then Datadog…now Snowflake. Agentforce from Salesforce also very positive data point. AI Ghost narrative being proved wrong," said Ives in a post on X. More on Snowflake Snowflake Inc. 2027 Q1 - Results - Earnings Call Presentation Snowflake: A Great Time To Buy While The Market Got It Wrong I Calcuated The Impact Of $1 Of AI Capex (One Narrative Is Challanged) Snowflake skyrockets after Q1 report features Natoma acquisition and AWS deal Snowflake Non-GAAP EPS of $0.39 beats by $0.07, revenue of $1.39B beats by $70M
Gregory Peters, co-chief investment officer at PGIM Credit, says he sees "shock, after shock, after shock" in markets. "That leads to higher inflation," Peters says, adding this has an impact on central banks' interest-rate positioning. He speaks on Bloomberg Television. (Source: Bloomberg)
Gregory Peters, co-chief investment officer at PGIM Credit, says he sees "shock, after shock, after shock" in markets. "That leads to higher inflation," Peters says, adding this has an impact on central banks' interest-rate positioning. He speaks on Bloomberg Television. (Source: Bloomberg)
(RTTNews) - Canadian Imperial Bank of Commerce (CM) announced a profit for its second quarter that Increases, from last year The company's earnings totaled C$2.343 billion, or C$2.53 per share. This compares with C$1.920 billion, or C$2.04 per share, last year. Excluding items, Canadian Imperial Bank of Commerce reported adjusted earnings of C$2.349 billion or C$2.54 per share for the period. The ...
(RTTNews) - Canadian Imperial Bank of Commerce (CM) announced a profit for its second quarter that Increases, from last year The company's earnings totaled C$2.343 billion, or C$2.53 per share. This compares with C$1.920 billion, or C$2.04 per share, last year. Excluding items, Canadian Imperial Bank of Commerce reported adjusted earnings of C$2.349 billion or C$2.54 per share for the period. The company's revenue for the period rose 14.0% to C$8.006 billion from C$7.022 billion last year. Canadian Imperial Bank of Commerce earnings at a glance (GAAP) : -Earnings: C$2.343 Bln. vs. C$1.920 Bln. last year. -EPS: C$2.53 vs. C$2.04 last year. -Revenue: C$8.006 Bln vs. C$7.022 Bln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Key Points Alphabet’s custom AI accelerator chips (called TPUs) provide Google Cloud customers with an alternative to Nvidia GPUs. Alphabet will expand its addressable market by letting certain customers deploy TPUs directly in their own data centers. Wall Street's median target price of $430 per share implies 11% upside from Alphabet’s current share price of $386. 10 stocks we like better than Al...
Key Points Alphabet’s custom AI accelerator chips (called TPUs) provide Google Cloud customers with an alternative to Nvidia GPUs. Alphabet will expand its addressable market by letting certain customers deploy TPUs directly in their own data centers. Wall Street's median target price of $430 per share implies 11% upside from Alphabet’s current share price of $386. 10 stocks we like better than Alphabet › Warren Buffett took control of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) in 1965. Under his leadership, the company grew into a multinational conglomerate worth more than $1 trillion, and the stock returned about 6,100,000%. Over the same period, the S&P 500 (SNPINDEX: ^GSPC) returned about 46,100%. After six decades, Buffett stepped down as Berkshire's CEO in December 2025 and handed the reins to Greg Abel, who previously served as vice chairman of noninsurance operations. Abel has already overseen major changes to Berkshire's stock portfolio, including his decision to triple the company's stake in Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) in the first quarter. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Berkshire now has nearly 7% of its $332 billion portfolio invested in Alphabet stock. That could be a brilliant move, given that the company has positioned itself as a serious threat to Nvidia (NASDAQ: NVDA). Here's what investors should know. Alphabet's Google has been building custom AI chips for over a decade Alphabet began developing custom artificial intelligence (AI) accelerator chips called Tensor Processing Units (TPUs) in 2015. They were "designed for a single, specific purpose: running the unique matrix and vector-based mathematics that's needed for building and running AI models," according to the company. Alphabet, which recently launched its 8th generation TPUs, first made its ...