This week, the global chip industry felt like it was on a roller coaster. Dutch lithography giant $ASML Holding NV(ASML)$ reported disappointing results as customer orders fell short of expectations, hitting a three-year low. As market is wondering if the AI-driven chip boom had finally come to an end, $Taiwan Semiconductor Manufacturing(TSM)$ exceeded all expectations and rekindled the market’s optimism. TSMC’s revenue grew by 39% year-on-year, net profit surged by 54%, and its gross profit margin reached a record high. The market’s anxiety instantly flipped into euphoria, with TSMC’s stock soaring over 12% at one point, and its market cap breaking the $1 trillion mark.Advance process technology and extre

The 2024 Nobel Prize in Economic Sciences was awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson for their profound research on “how institutions are formed and affect prosperity.”The Importance of Institutions and Economic ProsperityThe research by these three economists emphasizes the crucial role that social institutions play in national prosperity. They point out that the lack of rule of law and exploitative institutions can severely hinder economic growth. This perspective provides important theoretical underpinnings for policymakers, reminding them that while promoting economic development, they must also focus on improving institutions. This is not just a reflection on traditional economic growth models, but also a deep insight into the current challenges of global econ

The buzz is real! Kim Kardashian's shapewear brand, Skims, is gearing up for an Initial Public Offering (IPO), and it's making waves in the business world.👑 The Rise of a Fashion Phenomenon Founded in 2019 by the global influencer and reality TV star, Skims has quickly become a fashion staple, especially among the middle class. Think of it as the go-to brand for the perfect fit, alongside the likes of lululemon and Alo. It's not just underwear; it's a lifestyle!🏅 Skims: The Brand with Olympic Spirit Fresh from sponsoring the US athletes at the recent Olympics, Skims is making its mark as more than just a brand; it's a symbol of inclusivity and empowerment for women of all shapes and sizes.💸 From Concept to Unicorn in a Flash Kim's keen business acumen spotted a gap in the market, and Skims

Biden withdraws from the election, "Harris concept stocks" are sought after by fundsUS President Biden withdrew from the presidential election and supported the nomination of Vice President Kamala Harris to compete. As there are still variables in the confirmation of the final candidate, the US stock market trend is fluctuating.The $DJIA(.DJI)$ once rose 174 points, but recently fell 33 points. The $S&P 500(.SPX)$ and $NASDAQ(.IXIC)$ also fell sharply to 30 points and 182 points."Harris concept stocks" are sought after by funds.Renewable energy concept strengthensWith Biden's withdrawal from the election, the previous expectation of a big defeat for the Demo

After years of speculation, Warren Buffett has named Greg Abel as his successor at Berkshire Hathaway $Berkshire Hathaway(BRK.A)$ $Berkshire Hathaway(BRK.B)$ .Warren Buffett's successor Greg Abel is wooing shareholdersLet's dive into Abel's background and achievements, and ponder over some interactive questions:Overseeing Non-Insurance Operations 🏦Abel, as Vice Chairman in charge of all non-insurance operations, has shown resilience in sectors like energy and manufacturing. What do you think are the key skills needed for managing such a diverse portfolio?Ordinary Education, Extraordinary Talent 🎓Despite a modest educational background, Abel has an outstanding professional track record. How important do

Meta CEO Mark Zuckerberg is now the third richest person in the world.Zuckerberg's wealth has outpaced Tesla CEO Elon Musk for the first time since 2020.Musk's wealth has tanked as Tesla shares have slumped more than 34% since the start of the year.Just in early March, Musk was still ranked first on the Bloomberg Billionaires Index.Musk’s wealth has shrunk by $48.4 billion this year, while Zuckerberg has added $58.9 billion to his fortune as $Meta Platforms, Inc.(META)$ Inc. climbs to fresh highs, including a new record on Friday.   $Tesla Motors(TSLA)$ shares have fallen 34% this year, making it the worst performer in the $S&P 500(.SPX)$. It’s been

What will happen if president needs money?Seek to cozy up to billionaires!Trump team has only half the cash of the Biden team?Trump and his team are actively seeking more major donors to bolster their financial strength in the upcoming election against President Biden.According to information disclosed by both the Trump and Biden campaign teams, as of February, Trump's team had about $30 million in cash on hand, while Biden's campaign had about $56 million in cash as of the end of January. Will billionaire Elon Musk help Trump turn the tide?Former President Donald Trump met with one of the world's richest individuals, Elon Musk, and several other wealthy Republican donors in Florida to raise campaign funds.According to Forbes, Musk's net worth is around $200 billion. If Musk