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Latest Stock Market Updates

TSMC Sells Remaining Stake in Arm Holdings for $231 Million

Key Points: TSMC sold its final 1.11 million shares in Arm Holdings for a total of $231 million in cash. The chipmaker finalized the stock sale between April 28 and April 29 at $207.65 per share. TSMC originally invested $100 million in Arm's initial public offering in 2023 at $51 per share. Arm shares fell 7.98% on Tuesday during regular trading hours. Taiwan Semiconductor Manufacturing...

Bitcoin Price Drops Below $77,000 As Global Tensions Rise

Key Points: Bitcoin prices dropped below $77,000 following a failed attempt to hold gains above $79,000 earlier in the week. Rising oil prices, which topped $100 a barrel due to the ongoing standoff between the United States and Iran, hurt global financial markets. Investors wait anxiously for major interest rate decisions from global central banks, including the Federal Reserve and the European Central Bank. Financial...

NXP Semiconductors Sees Massive Stock Jump Following Upbeat Financial Forecast

Key Points: NXP Semiconductors predicts second-quarter revenue will reach up to $3.55 billion, beating earlier Wall Street estimates. The company's stock jumped 15% in extended trading after it released a highly optimistic financial outlook. Car makers and industrial factories are buying chips again after finally clearing out their excess pandemic inventory. First-quarter results also beat expectations, with the chipmaker earning $3.05 per share on $3.18...