08:09 AM EDT, 05/23/2024 (MT Newswires) -- Taiwan Semiconductor Manufacturing ( TSM ) forecast 10% annual revenue growth in the global semiconductor industry, excluding memory chips, Reuters reported on Thursday. This is a new golden age of opportunity with AI, said senior vice president Cliff Hou at an event in Hsinchu, Taiwan, according to Reuters. In April, TSMC lowered its...

Bilibili Inc ( BILI )  reported fiscal first-quarter 2024 revenue of $784.5 million (5.66 billion Chinese yuan), up by 12% year-on-year, missing the analyst consensus estimate of $794.2 million.  The Chinese video-sharing platform's adjusted EPADS loss of $(0.15) beat the analyst consensus loss estimate of $(0.17). The stock price slid after the results. Drivers: Average daily active users (DAUs) climbed 9% Y/Y to 102.4 million. Revenues from...

07:50 AM EDT, 05/23/2024 (MT Newswires) -- Banco Santander (SAN) is weighing interest for synthetic-risk-transfer, or SRT, transactions tied to over $6 billion in loans, Bloomberg reported, citing unnamed people familiar with the matter. SRTs are becoming a popular way for banks to insure their loans against default by selling credit-linked notes to investors. In so doing, lenders have to...

May 23 (Reuters) - Ralph Lauren ( RL ) on Thursday named Justin Picicci as its chief financial officer, succeeding Jane Nielsen. The company also edged past market expectations for fourth-quarter revenue on Thursday on robust demand for its pricey sweaters and dresses in the United States. The company reported first-quarter revenue of $1.57 billion, compared with estimates of $1.56...