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Oil and Gas Surge as US Blockades Strait of Hormuz Amid Iran Tensions

Key Points: Oil and natural gas prices surged after the US announced a blockade of the Strait of Hormuz. The blockade follows failed talks between the US and Iran, escalating the energy crisis. The Strait of Hormuz has been largely disrupted since late February, with Iran imposing fees. Concerns rise over potential US-China tensions and further disruptions in the Red Sea. Oil and natural gas...

TSMC Set for Record Profits Driven by Soaring AI Demand

Key Points: TSMC anticipates a record-breaking 50% net profit surge for Q1 due to AI demand. Demand for TSMC's 3nm AI chips and advanced packaging exceeds current production capacity. TSMC's market cap is now nearly double Samsung's, reaching $1.6 trillion. The company is well-positioned to manage supply disruptions and is investing heavily in new fabs globally. TSMC, the world's largest maker of advanced artificial intelligence...

Apple Scrambles to Meet Massive Demand for New $599 MacBook Neo

Key Points: Apple placed rush orders with suppliers because the base model of the new $599 MacBook Neo sold out completely. The company just raised its total sales estimate for the budget laptop from 7 million to 10 million units. The supply of binned A18 Pro chips limits how fast Apple can build the popular entry-level computers. Apple kept the price low by using leftover...