Anna Moneymaker/Getty Images News The U.S. Senate is set to vote Wednesday on President Donald Trump’s decision to launch military action against Iran, marking a major congressional test as the conflict rapidly expands across the Middle East without a clearly defined U.S. exit strategy. The legislation, known as a war powers resolution, gives lawmakers an opportunity to demand congressional approv...
Anna Moneymaker/Getty Images News The U.S. Senate is set to vote Wednesday on President Donald Trump’s decision to launch military action against Iran, marking a major congressional test as the conflict rapidly expands across the Middle East without a clearly defined U.S. exit strategy. The legislation, known as a war powers resolution, gives lawmakers an opportunity to demand congressional approval before any further attacks are carried out. “Nobody gets to hide and give the president an easy pass or an end-run around the Constitution,” said Senator Tim Kaine, the Virginia Democrat leading the war powers resolution. “Everybody's got to declare whether they're for this war or against it.” “Wars without clear objectives do not remain small. They get bigger, bloodier, longer, and more expensive,” said Senate Democratic leader Chuck Schumer at a news conference Tuesday. “This is not a necessary war. It’s a war of choice.” After launching a surprise attack on Iran on Saturday, Trump has sought to rally support for the conflict, even as Americans across the political spectrum remain wary of another Middle East war. Administration officials have frequently appeared on Capitol Hill this week, briefing lawmakers and attempting to reassure them that the situation is under control. “We are not going to put American troops in harm’s way,” Secretary of State Marco Rubio told reporters in a raucous news conference at the Capitol Tuesday. However, the conflict has already taken a toll, with six U.S. service members killed over the weekend in a drone strike on a military facility in Kuwait, marking the first American fatalities in the war. Trump has also not ruled out deploying U.S. ground troops. While he has said he hopes to end the bombing campaign within a few weeks, his stated objectives have shifted—from regime change to preventing Iran from developing nuclear weapons and crippling its naval and missile capabilities. The Senate resolution, along with a similar measure expect...
Swiss National Bank Vice-President Antoine Martin said the central bank’s willingness to intervene to stem gains in the franc has risen amid fallout in global markets from the US war in Iran. Martin was speaking shortly after data showed Swiss inflation stuck near zero in February. The rate hasn’t been higher than 0.3% in a year, and the SNB is facing the risk that the strengthening of the franc w...
Swiss National Bank Vice-President Antoine Martin said the central bank’s willingness to intervene to stem gains in the franc has risen amid fallout in global markets from the US war in Iran. Martin was speaking shortly after data showed Swiss inflation stuck near zero in February. The rate hasn’t been higher than 0.3% in a year, and the SNB is facing the risk that the strengthening of the franc will keep depressing prices. “Our willingness to intervene, our readiness to intervene, is higher given the recent political event,” Martin said at a press conference on new Swiss banknotes. The remarks reiterated a surprise statement earlier in the week in which the SNB threatened currency interventions. Martin didn’t comment further on the exchange rate. The strength of the currency and the weak inflation readings are a challenge for the central bank, which is trying to avoid reintroducing negative interest rates. Its benchmark has been at zero since last summer. The February inflation reading was the last before the SNB ’s quarterly policy decision on March 19. The backdrop to the meeting has shifted dramatically in recent days given the US-Israeli attacks on Iran. At the SNB, alarm about the impact of the turmoil on the haven franc prompted them to issue the unsolicited threat of market intervention. The franc will remain a key input for officials as its strength reduces import costs. Since the start of the year, the currency has rallied to repeated decade highs against the euro. It breached the mark of 0.91 francs per euro last week, surging further on Monday before the SNB issued its intervention remarks. The SNB has predicted that inflation will average just 0.3% in 2026. President Martin Schlegel has repeatedly said that negative readings for consumer-price changes are possible in some months, though such outcomes wouldn’t be a cause for immediate worry. Officials insist that there remains a substantially higher bar to cutting rates into negative territory compared w...
is a news writer focused on creative industries, computing, and internet culture. Jess started her career at TechRadar, covering news and hardware reviews. Posts from this author will be added to your daily email digest and your homepage feed. One of the most trusted leakers for Call of Duty will no longer share confidential information about the gaming franchise after being hit with a cease and d...
is a news writer focused on creative industries, computing, and internet culture. Jess started her career at TechRadar, covering news and hardware reviews. Posts from this author will be added to your daily email digest and your homepage feed. One of the most trusted leakers for Call of Duty will no longer share confidential information about the gaming franchise after being hit with a cease and desist order. TheGhostOfHope (also known to the community as “Hope”) announced on X that he is complying with legal demands from developer Activision to “stop leaking and disseminating confidential information related to Call of Duty/Activision.” “Still gonna stick around and chat about Official Call of Duty info and anything not related to leaks/confidential information,” Hope said. “Cheers for these past few years.” Hope gained a reputation for sharing reliable information about past, present, and future Call of Duty titles with his followers — including recent rumors that a standalone Call of Duty Zombies title is being developed for next-gen consoles. The official Call of Duty X account has responded to Hope’s compliance amid speculation that he was shut down for being “right about everything.” “Nah,” the Call of Duty account said “Even when leaks are wrong, they still hurt the people building the game and mess with player expectations.”
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including Broadcom Inc., AT&T Inc. and Vertex Pharmaceuticals Inc., as well as a micro-cap stock The InterGroup Corp. The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research o...
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including Broadcom Inc., AT&T Inc. and Vertex Pharmaceuticals Inc., as well as a micro-cap stock The InterGroup Corp. The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. You can see all of today’s research reports here >>> Ahead of Wall Street The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning. You can read today's AWS here >>> Pre-Markets Lower on War/Oil Uncertainty Today's Featured Research Reports Shares of Broadcom have gained +4.5% over the past six months against the Zacks Electronics - Semiconductors industry’s gain of +20.3%. The company is experiencing strong momentum fueled by growth in AI semiconductors and continued success with its VMware integration. Strong demand for its networking products and custom AI accelerators (XPUs) has been noteworthy. Broadcom’s AI segment benefits from custom accelerators and advanced networking technology that supports large-scale AI deployments with improved performance and efficiency. Broadcom expects first-quarter fiscal 2026 AI revenues to double to $8.2 billion. AVGO’s networking portfolio is gaining from strong demand for Tomahawk 6 products, as well as the Jericho 4 Ethernet fabric router. The acquisition of VMware has benefited Infrastructure software solutions. A rich p...
Apple has significantly increased its orders for advanced chips produced by Taiwan Semiconductor Manufacturing at TSMC's Arizona facility. The expanded orders focus on cutting edge processors for Apple devices, sourced from TSMC's U.S. operations. This move highlights closer ties between Apple and TSMC and greater localization of chip production in the United States. Taiwan Semiconductor Manufactu...
Apple has significantly increased its orders for advanced chips produced by Taiwan Semiconductor Manufacturing at TSMC's Arizona facility. The expanded orders focus on cutting edge processors for Apple devices, sourced from TSMC's U.S. operations. This move highlights closer ties between Apple and TSMC and greater localization of chip production in the United States. Taiwan Semiconductor Manufacturing, NYSE:TSM, sits at the center of high end chip production, and Apple's larger orders from the Arizona plant underline that position. The stock trades at $353.13, with a return of 98.2% over the past year and 224.0% over five years, which indicates how closely investors track its role in premium manufacturing. Those kinds of numbers tend to draw attention from both growth focused and long term investors. Apple leaning more on TSMC's U.S. capacity could influence how you think about the company's future footprint, especially its role in the American chip ecosystem. As Arizona output becomes a larger part of key customer supply chains, investors may focus more on developments around U.S. capacity, customer concentration, and how reliably TSMC can support domestic production for major clients. Stay updated on the most important news stories for by adding it to your or . Alternatively, explore our to discover new perspectives on Taiwan Semiconductor Manufacturing. NYSE:TSM Earnings & Revenue Growth as at Mar 2026 Advertisement Quick Assessment ⚖️ Price vs Analyst Target : At US$353.13, TSM is about 15.5% below the US$417.92 analyst target, which leaves a gap but not an extreme one. : At US$353.13, TSM is about 15.5% below the US$417.92 analyst target, which leaves a gap but not an extreme one. ❌ Simply Wall St Valuation : Shares are trading at about 27.6% above the estimated fair value, which signals a valuation premium. : Shares are trading at about 27.6% above the estimated fair value, which signals a valuation premium. ✅ Recent Momentum: The 30 day return of 6.8% shows p...
With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Check out our premarket coverage here Ross Stores Inc (NASDAQ:ROST) reported better-than-expected financial results for the fourth quarter after the closing bell on Tuesday. The company posted revenue of $6.64 billion versus estimates of $6.41 billion and earnings ...
With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Check out our premarket coverage here Ross Stores Inc (NASDAQ:ROST) reported better-than-expected financial results for the fourth quarter after the closing bell on Tuesday. The company posted revenue of $6.64 billion versus estimates of $6.41 billion and earnings per share of $2 versus estimates of $1.89, per Benzinga Pro. Ross Stores shares gained 6.3% to $210.16 in the after-hours trading session. (NASDAQ:ROST) reported better-than-expected financial results for the fourth quarter after the closing bell on Tuesday. The company posted revenue of $6.64 billion versus estimates of $6.41 billion and earnings per share of $2 versus estimates of $1.89, per Benzinga Pro. Ross Stores shares gained 6.3% to $210.16 in the after-hours trading session. Analysts expect Dycom Industries Inc (NYSE:DY) to post quarterly earnings at $1.69 per share on revenue of $1.35 billion before the opening bell. Dycom shares fell 0.3% to $402.50 in after-hours trading. Photo via Shutterstock
Elm Partners Management LLC increased its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 276.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,295 shares of the software giant's stock after purchasing an additional 3,889 shares during the quarter. Elm Partners Ma...
Elm Partners Management LLC increased its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 276.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,295 shares of the software giant's stock after purchasing an additional 3,889 shares during the quarter. Elm Partners Management LLC's holdings in Microsoft were worth $2,743,000 at the end of the most recent reporting period. A number of other hedge funds have also recently added to or reduced their stakes in MSFT. Norges Bank acquired a new position in Microsoft in the 2nd quarter worth about $50,493,678,000. Nuveen LLC bought a new stake in shares of Microsoft during the first quarter worth about $18,733,827,000. Laurel Wealth Advisors LLC increased its stake in shares of Microsoft by 49,640.3% in the second quarter. Laurel Wealth Advisors LLC now owns 29,967,038 shares of the software giant's stock valued at $14,905,904,000 after buying an additional 29,906,791 shares during the period. Vanguard Group Inc. raised its holdings in Microsoft by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 705,077,786 shares of the software giant's stock valued at $350,712,742,000 after buying an additional 13,691,572 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Microsoft by 16.1% during the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after buying an additional 11,600,470 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock. Get Microsoft alerts: Sign Up Analyst Upgrades and Downgrades MSFT has been the subject of several recent research reports. Daiwa Securities Group decreased their price target on shares of Microsoft from $630.00 to $600.00 and set a "buy" rating for the company in a research report on Wednesday, February 4th. Citigroup decreas...
Conflict in the Middle East could trigger an energy price shock that wipes out anticipated growth in living standards in the UK worth £300 for a typical working-age household over the coming year, a leading thinktank has warned. The Resolution Foundation said a “decent” one-off increase in average living standards this year and a bumper rise for lower-income households could be reversed by rising ...
Conflict in the Middle East could trigger an energy price shock that wipes out anticipated growth in living standards in the UK worth £300 for a typical working-age household over the coming year, a leading thinktank has warned. The Resolution Foundation said a “decent” one-off increase in average living standards this year and a bumper rise for lower-income households could be reversed by rising oil and gas prices as the Iran conflict disrupts supplies. The UK’s reliance on gas from the Middle East makes it especially vulnerable to an effective blockade of the strait of Hormuz, through which about 20% of the world’s liquid natural gas is transported. According to the thinktank’s calculations in its analysis of Tuesday’s spring forecast, living standards for typical working-age households are on track to grow by £300 over the next year. Lower-income households are set for a larger rise in living standards of £800, up 3.9%, mainly because of the lifting of the two-child benefit cap and an above-inflation increase in universal credit. This would be the second strongest year for living standards in the past two decades for poorer households. However, if the recent rise in energy prices persists, the foundation said all the gains could be wiped out. While the effect might not be as large as the increase caused by the Russian invasion of Ukraine, which sent food, oil and gas prices soaring, a rise this year in oil and gas prices could add a percentage point to UK inflation and £500 on to typical annual energy bills, it said. Ruth Curtice, the chief executive of the Resolution Foundation, said: “The immediate economic outlook for Britain is highly uncertain, with yesterday’s forecasts already looking out of date, while the living standards picture for the rest of the parliament is very lopsided. “This coming year is set to be a decent one for living standards, and a bumper one for poorer families, as wages and benefit support rise above the level of inflation. But a fresh...
The pace and size of outlicensing deals between Chinese drug makers and global partners have accelerated this year, highlighted by two agreements announced this week, each worth more than US$1 billion. The string of deals shows how China is becoming a sought-after source of drug candidates for multinational pharmaceutical companies, which are increasingly looking for long-term partnerships rather ...
The pace and size of outlicensing deals between Chinese drug makers and global partners have accelerated this year, highlighted by two agreements announced this week, each worth more than US$1 billion. The string of deals shows how China is becoming a sought-after source of drug candidates for multinational pharmaceutical companies, which are increasingly looking for long-term partnerships rather than one-off arrangements, analysts said. The latest deals, Sino Biopharmaceutical’s agreement with France’s Sanofi worth up to US$1.53 billion and Antengene Corporation’s agreement with Belgium’s UCB valued at about US$1.18 billion, came as cross-border transactions by Chinese drug makers in the first two months of the year outpaced any single quarter last year in upfront payments and total value, according to Yang Huang, head of China healthcare research at JPMorgan Chase. Advertisement Total 2026 deal value from China-originated outlicensing activities reached US$52 billion from 41 transactions as of February 24, following a record 157 deals worth a combined US$135.7 billion last year. Exterior view of the Sanofi head office in Gentilly, France, March 21, 2021. Photo: Shutterstock Images Against this commercial backdrop, markets are watching for signals of government support for innovative drug development as China’s “two sessions” begin on Wednesday, although industry analysts largely expect only limited “moral support”. Advertisement Hong Kong-listed Sino Biopharmaceutical said in an exchange filing on Wednesday that its Chia Tai Tianqing Pharmaceutical unit had granted a subsidiary of Sanofi the exclusive worldwide rights to develop, manufacture and sell rovadicitinib, an oral drug to treat blood cancer and immune-related diseases.