By WSJ Editors
BlackRock $(BLK)$, Goldman Sachs $(GS)$, Morgan Stanley $(MS)$: The world's biggest money manager and the two Wall Street banks are due to post earnings this morning.
TSMC (TW:2330, TSM): The world's largest contract chip maker posted another quarter of record earnings. Its U.S.-listed shares rose 5% ahead of the open. Other semiconductor stocks also rallied, including ASML (NL:ASML, ASML) and Nvidia (NVDA), for which TSMC is a critical manufacturer.
Alibaba (BABA, HK:9988): The Chinese e-commerce company is rolling out a major update of its Qwen AI app that will allow the chatbot to carry out tasks on users' behalf. Shares fell 2.6% in Hong Kong.
Richemont (CH:CFR): The Cartier owner posted higher quarterly revenue than expected, boosted by jewelry sales. However, shares sold off in Europe, as did other luxury stocks, including Kering (FR:KER) and Burberry (UK:BRBY).
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(END) Dow Jones Newswires
January 15, 2026 04:57 ET (09:57 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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