Brussels set to disregard ECB warnings over stablecoin rules, FT reports
The European Union's executive arm is planning to issue formal guidance proposing that stablecoins issued outside the bloc are treated as interchangeable with same-branded versions allowed only on EU markets, the newspaper said, citing people briefed on its contents.
The announcement of the guidance has been scheduled for the next few days, the FT reported, citing one unnamed source.
Reuters could not immediately confirm the report.
Brussels proposed legislation on the creation of a digital euro, a so-called central bank digital currency, in June 2023, but not much has happened since.
The ECB sees a digital euro as a response to U.S. President Donald Trump's push to promote stablecoins, a type of cryptocurrency typically pegged to the U.S. dollar.
ECB President Christine Lagarde on Monday renewed her plea in the European Parliament, describing the digital euro as key to Europe's financial autonomy.
She took aim at competing, privately issued stablecoins, saying they posed "risks for monetary policy and financial stability" because they could lure deposits away from banks and did not always maintain their fixed value.
A European Commission spokesperson told the FT that "a run on a well-governed and fully collateralised stablecoin is very unlikely".
Even if it were to happen, "foreign holders would redeem their tokens in (for example) the U.S., where the majority of the tokens circulate and the majority of the reserves are held", the spokesperson was quoted as saying.
The Commission did not immediately respond to a request for comment.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 minutes ago
- Yahoo
Why Shiba Inu Is Surging Today
Key Points Cryptocurrencies largely advanced after the U.S. House of Representatives passed several crypto bills last week. The crypto rally is broadening out to altcoins. 10 stocks we like better than Shiba Inu › Since the market closed on Friday, the price of Shiba Inu (CRYPTO: SHIB) had traded 7.6% higher as of 10:15 a.m. ET today. There's no obvious reason behind the move, although the crypto sector largely moved higher this weekend due to several events. President Trump signs stablecoin bill into law President Donald Trump signed the Genius Act into law after the market closed on Friday. The Genius Act was one of three bills passed by the U.S. House of Representatives last week during so-called Crypto Week, and will look to create a framework for stablecoins, which are digital assets pegged to a commodity or currency. Investors likely believe that the three bills passed last week could create a regulatory environment that better positions crypto for the long term. In other crypto news, Trump Media & Technology Group announced today that it had purchased $2 billion of Bitcoin, the world's largest cryptocurrency. The crypto custodian firm BitGo also reportedly filed for an initial public offering, as momentum in the crypto sector is leading start-ups to consider going public. Additionally, the crypto rally seems to be broadening. Much of it had been dominated by Bitcoin and a few other cryptocurrencies for most of the year. But the new crypto legislation has lit a spark under cryptocurrencies like Ethereum, which seems to be benefiting from the stablecoin legislation because some of the largest stablecoins are issued on Ethereum's network. Shiba Inu was launched on top of Ethereum's network as an ERC-20 token, although has since built a layer-2 solution to conduct off-chain transactions. Shiba Inu often moves for no apparent reason It's not uncommon to see Shiba Inu move with the sector, although often with more volatility. While the token has advanced since launching in 2020, particularly with its layer-2 solution Shibarium, I still view it largely as a meme token and therefore advise investors to stay away. Should you buy stock in Shiba Inu right now? Before you buy stock in Shiba Inu, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Shiba Inu wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Bram Berkowitz has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy. Why Shiba Inu Is Surging Today was originally published by The Motley Fool
Yahoo
4 minutes ago
- Yahoo
Is BP p.l.c. (BP) a Good Option for Passive Income Investment?
BP p.l.c. (NYSE:BP) is included among the 12 Best Oil and Gas Dividend Stocks to Buy Now. An oil rig surrounded by the expanse of sea, the pumping operations in progress. BP p.l.c. (NYSE:BP) expects the total of its dividends and share buybacks over time to be around 30% to 40% of operating cash flow. The company is targeting an increase of at least 4% per year in its ordinary dividend and announced a dividend of $0.08 per share in April. As of the writing of this piece, BP boasts an impressive annual dividend yield of 6.13%. BP p.l.c. (NYSE:BP) also announced $750 million of share repurchases at the end of the first quarter of 2025, and the $1.75 billion share buyback program it announced with the fourth quarter results was completed on April 25, 2025. To help improve its profitability, BP p.l.c. (NYSE:BP) has revealed that it is working on a $4 billion – $5 billion cost reduction program. The company delivered $800 million of structural cost reductions and $300 million of absolute reductions last year. Moreover, it was already $500 million lower in terms of absolute cost base in Q1 2025, compared to the same period in 2024. BP p.l.c. (NYSE:BP) is a British multinational company recognized worldwide for quality gasoline, transport fuels, chemicals, and alternative sources of energy such as wind and biofuels. While we acknowledge the potential of BP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None.
Yahoo
4 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq rise to start busy week of Big Tech-dominated earnings
US stocks rose on Monday, with fresh records for the Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) in sight as Wall Street began a busy week of Big Tech-highlighted earnings and eyed the continued risks around President Trump's tariffs. The tech-heavy Nasdaq gained more than 0.7% following last week's record-setting rally in growth names. The S&P 500 rose about 0.5%, while the Dow Jones Industrial Average (^DJI) climbed nearly 0.4%. This week sees investor focus dominated by two topics: Clarity on US trade policy as the implementation of tariffs looms, and earnings from tech heavyweights as Wall Street eyes record-high market valuations. Earnings season shifts into high gear this week with Alphabet (GOOG) and Tesla (TSLA) set to release updates on Wednesday — the first of the "Magnificent Seven" to report for the second quarter. Strong results could validate stretched valuations as the market's focus on AI growth is once again attracting comparisons to historic tech bubbles. On the trade front, the EU is said to be stepping up the scope of its retaliation if it fails to strike a trade pact with the US. The bloc is open to an unbalanced deal to break a talks deadlock before the Aug. 1 implementation of Trump's tariffs, per Bloomberg. But Trump's increasingly hardline stance and EU member opposition to concessions are denting hopes for an agreement. Read more: The latest on Trump's tariffs Over the weekend, Commerce Secretary Howard Lutnick reaffirmed the White House's August deadline for new tariffs, calling it a "hard stop" for compliance — before saying that he's looking at continued conversation beyond that date. Meanwhile, solid quarterly earnings results from Cleveland-Cliffs (CLF) and Verizon Communications (VZ) lifted those stocks. Cleveland-Cliffs' second quarter financial report beat Wall Street's projections as the steel producer gets a boost from Trump's tariffs. Also on Monday, Domino's Pizza (DPZ) reported sales ahead of expectations as new products drew buyers, helping offset the impact of tariff uncertainty. Read more: Full earnings coverage in our live blog Of the 59 S&P 500 companies that have already released results, 86% have outpaced Wall Street consensus estimates. That is a historically strong beat rate, albeit off modest expectations. Alphabet leads Mag 7 higher Alphabet (GOOGL, GOOG) shares jumped more than 2% Monday, leading the "Magnificent Seven" Big Tech stocks higher as analysts reiterated their bullish takes on the stock ahead of the Google parent company's quarterly earnings results Wednesday. Needham analyst Laura Martin wrote in a note last week, raising her price target on the stock to $210 from $178, that "GOOGL's Gemini should be one of the 2-4 biggest winners of the GenAI tech wave." Raising his own price target to $210 from $200, Bank of America's Justin Post wrote on July 18 that advertisers' spending with Google Search grew despite growing fears that AI chatbots could displace the tech giant's search engine. "Our channel checks suggested Google ad spend growth was stable in 2Q, with monthly ad spending growth improving through 2Q. We think improving spend as 2Q progressed would be a positive given fears on growing AI competition." Meta (META) rose 1.3%, while Apple (AAPL) climbed 1.1%. Amazon (AMZN) gained nearly 1%, while Nvidia (NVDA) and Microsoft (MSFT) fell fractionally. Meanwhile, Tesla (TSLA), which also reports quarterly earnings Wednesday, fell nearly 0.3%. Cleveland-Cliffs stock jumps after Q2 earnings beat, boosted by Trump's tariffs Cleveland-Cliffs (CLF) stock jumped nearly 11% Monday morning after the steel producer reported second quarter financial results ahead of Wall Street's projections, though earnings and revenue declined from last year. The company reported record steel shipments of 4.3 million net tons for the three months ended June 30. CEO Lourenco Goncalves said Cleveland-Cliffs is getting a boost from Trump's tariffs. 'We have started to see the positive impact that tariffs have on domestic manufacturing, protecting domestic jobs and national security," he said in a statement Monday. "We expect this trend to continue, promoting the resurgence of the American automotive industry supported by a thriving domestic steel industry.' 'Going forward, foreign competitors need to acquire steel capacity within the United States if they want to participate in this desirable market," he continued. "As a publicly traded America-based company centered on automotive, electrical steels, stainless and plate, Cleveland-Cliffs' assets, business and footprint are uniquely positioned to benefit from this new reality.' Trump Media stock surges after acquiring $2 billion of bitcoin The stock of President Trump's namesake media group rose 6% Monday morning after it announced it had purchased $2 billion in bitcoin (BTC-USD) and related securities, Yahoo Finance's David Hollerith reports. Hollerith writes: Trump Media and many other firms — GameStop (GME), for example — have followed in the footsteps of Michael Saylor's software firm turned crypto giant, Strategy (MSTR), buying up bitcoin to hold on their balance sheet in the hopes of replicating MSTR's stock price success. The move from Trump Media follows the House's passage of a trio of crypto bills last week, including the first federal framework for dollar-backed stablecoins. Read more about DJT's rise on Monday here. Tech leads US stocks higher The Nasdaq Composite gained nearly 0.7% shortly after the market open Monday, while the S&P 500 (^GSPC) rose about 0.5%. That's after the indexes saw record-setting rallies in growth stocks last week. The Dow Jones Industrial Average (^DJI) gained around 0.2%. Alphabet (GOOG) and Tesla (TSLA) stocks climbed ahead of their earnings results on Wednesday, making them the first of the "Magnificent Seven" to report for the second quarter. Of the group, Apple (AAPL), Meta (META), and Amazon (AMZN) shares also moved higher Monday morning. Trending tickers in premarket trade: Verizon, Block, Tesla, Opendoor Here's a look at the top trending tickers and movers in premarket trading: View more trending tickers here. Opendoor explodes higher, extending retail frenzy Opendoor (OPEN) stock rose another 28% in premarket trading Monday after it exploded 188% last week. Retail investors have piled into the stock, cementing its meme status, after EMJ Capital principal and Carvana (CVNA) spotter Eric Jackson posted a bull thesis on X. Opendoor stock had fallen to penny stock status after reaching a high of $39.24 in February 2021, Yahoo Finance's Jake Conley reported. Now it's trading around $2.87 as posts on the meme-stock Reddit forum r/WallStreetBets fuel gains. Domino's Pizza posts Q2 sales beat, but profit falls short Shares of Domino's Pizza popped about 3% in premarket trade on the heels of its second quarter results as Wall Street weighed upbeat sales against disappointing earnings per share. Reuters reports: Read more here. Block stock jumps after its inclusion in the S&P 500 Shares in Block (XYZ) surged over 9% in premarket trading after the payments company was added to the benchmark S&P 500 — reaching a new milestone for the fintech sector. Reuters reports: Read more here. Stellantis warns of $2.7B loss for 1H amid tariff headwinds Big Three automaker Stellantis (STLA) warned on Monday that it expects a 2.3 billion euro ($2.7 billion) net loss for the first half of 2025, hit by restructuring costs, ebbing sales, and an initial hit from US tariffs. The Chrysler maker's US-listed shares slipped nearly 2% in premarket, mirroring a drop in its stock in Milan. Reuters reports: Read more here. TSMC rides AI wave over trillion-dollar crest Taiwan Semiconductor Manufacturing Co.'s market value has pushed over $1 trillion for the first time in the company's history. The chip-manufacturing giant has seen its stock price double in the past year, reaching an all-time high Friday. Bloomberg reports: The main supplier of chips to Apple Inc. (AAPL) and Nvidia Corp. (NVDA) saw it shares climb to a record high on Friday, a near 50% rise from an April low. The company's market capitalization now rivals that of Berkshire Hathaway Inc., with further gains potentially putting it among the world's 10 biggest companies by value. TSMC's stock surge reflected growing investor confidence that the world's top chipmaker will ride the AI boom to even greater dominance. The company raised its full-year revenue growth forecast to about 30% last week, signaling TSMC may benefit in a tightening race for AI manufacturing capacity. 'We think that TSMC's tone towards advanced node demand is even more positive with AI customers showing no signs of demand slowdown,' wrote Goldman Sachs Group Inc. analysts including Bruce Lu after TSMC's quarterly earnings. 'We expect to see a higher magnitude of price hike in 2026.' Read more here. Oil prices hold steady with Russia sanctions in focus Oil prices remained little changed overnight Sunday with geopolitical tensions impacting supply concerns. Russia is facing sanctions on oil production as a result of the countries war with Ukraine. Reuters reports: Read more here. Alphabet leads Mag 7 higher Alphabet (GOOGL, GOOG) shares jumped more than 2% Monday, leading the "Magnificent Seven" Big Tech stocks higher as analysts reiterated their bullish takes on the stock ahead of the Google parent company's quarterly earnings results Wednesday. Needham analyst Laura Martin wrote in a note last week, raising her price target on the stock to $210 from $178, that "GOOGL's Gemini should be one of the 2-4 biggest winners of the GenAI tech wave." Raising his own price target to $210 from $200, Bank of America's Justin Post wrote on July 18 that advertisers' spending with Google Search grew despite growing fears that AI chatbots could displace the tech giant's search engine. "Our channel checks suggested Google ad spend growth was stable in 2Q, with monthly ad spending growth improving through 2Q. We think improving spend as 2Q progressed would be a positive given fears on growing AI competition." Meta (META) rose 1.3%, while Apple (AAPL) climbed 1.1%. Amazon (AMZN) gained nearly 1%, while Nvidia (NVDA) and Microsoft (MSFT) fell fractionally. Meanwhile, Tesla (TSLA), which also reports quarterly earnings Wednesday, fell nearly 0.3%. Alphabet (GOOGL, GOOG) shares jumped more than 2% Monday, leading the "Magnificent Seven" Big Tech stocks higher as analysts reiterated their bullish takes on the stock ahead of the Google parent company's quarterly earnings results Wednesday. Needham analyst Laura Martin wrote in a note last week, raising her price target on the stock to $210 from $178, that "GOOGL's Gemini should be one of the 2-4 biggest winners of the GenAI tech wave." Raising his own price target to $210 from $200, Bank of America's Justin Post wrote on July 18 that advertisers' spending with Google Search grew despite growing fears that AI chatbots could displace the tech giant's search engine. "Our channel checks suggested Google ad spend growth was stable in 2Q, with monthly ad spending growth improving through 2Q. We think improving spend as 2Q progressed would be a positive given fears on growing AI competition." Meta (META) rose 1.3%, while Apple (AAPL) climbed 1.1%. Amazon (AMZN) gained nearly 1%, while Nvidia (NVDA) and Microsoft (MSFT) fell fractionally. Meanwhile, Tesla (TSLA), which also reports quarterly earnings Wednesday, fell nearly 0.3%. Cleveland-Cliffs stock jumps after Q2 earnings beat, boosted by Trump's tariffs Cleveland-Cliffs (CLF) stock jumped nearly 11% Monday morning after the steel producer reported second quarter financial results ahead of Wall Street's projections, though earnings and revenue declined from last year. The company reported record steel shipments of 4.3 million net tons for the three months ended June 30. CEO Lourenco Goncalves said Cleveland-Cliffs is getting a boost from Trump's tariffs. 'We have started to see the positive impact that tariffs have on domestic manufacturing, protecting domestic jobs and national security," he said in a statement Monday. "We expect this trend to continue, promoting the resurgence of the American automotive industry supported by a thriving domestic steel industry.' 'Going forward, foreign competitors need to acquire steel capacity within the United States if they want to participate in this desirable market," he continued. "As a publicly traded America-based company centered on automotive, electrical steels, stainless and plate, Cleveland-Cliffs' assets, business and footprint are uniquely positioned to benefit from this new reality.' Cleveland-Cliffs (CLF) stock jumped nearly 11% Monday morning after the steel producer reported second quarter financial results ahead of Wall Street's projections, though earnings and revenue declined from last year. The company reported record steel shipments of 4.3 million net tons for the three months ended June 30. CEO Lourenco Goncalves said Cleveland-Cliffs is getting a boost from Trump's tariffs. 'We have started to see the positive impact that tariffs have on domestic manufacturing, protecting domestic jobs and national security," he said in a statement Monday. "We expect this trend to continue, promoting the resurgence of the American automotive industry supported by a thriving domestic steel industry.' 'Going forward, foreign competitors need to acquire steel capacity within the United States if they want to participate in this desirable market," he continued. "As a publicly traded America-based company centered on automotive, electrical steels, stainless and plate, Cleveland-Cliffs' assets, business and footprint are uniquely positioned to benefit from this new reality.' Trump Media stock surges after acquiring $2 billion of bitcoin The stock of President Trump's namesake media group rose 6% Monday morning after it announced it had purchased $2 billion in bitcoin (BTC-USD) and related securities, Yahoo Finance's David Hollerith reports. Hollerith writes: Trump Media and many other firms — GameStop (GME), for example — have followed in the footsteps of Michael Saylor's software firm turned crypto giant, Strategy (MSTR), buying up bitcoin to hold on their balance sheet in the hopes of replicating MSTR's stock price success. The move from Trump Media follows the House's passage of a trio of crypto bills last week, including the first federal framework for dollar-backed stablecoins. Read more about DJT's rise on Monday here. The stock of President Trump's namesake media group rose 6% Monday morning after it announced it had purchased $2 billion in bitcoin (BTC-USD) and related securities, Yahoo Finance's David Hollerith reports. Hollerith writes: Trump Media and many other firms — GameStop (GME), for example — have followed in the footsteps of Michael Saylor's software firm turned crypto giant, Strategy (MSTR), buying up bitcoin to hold on their balance sheet in the hopes of replicating MSTR's stock price success. The move from Trump Media follows the House's passage of a trio of crypto bills last week, including the first federal framework for dollar-backed stablecoins. Read more about DJT's rise on Monday here. Tech leads US stocks higher The Nasdaq Composite gained nearly 0.7% shortly after the market open Monday, while the S&P 500 (^GSPC) rose about 0.5%. That's after the indexes saw record-setting rallies in growth stocks last week. The Dow Jones Industrial Average (^DJI) gained around 0.2%. Alphabet (GOOG) and Tesla (TSLA) stocks climbed ahead of their earnings results on Wednesday, making them the first of the "Magnificent Seven" to report for the second quarter. Of the group, Apple (AAPL), Meta (META), and Amazon (AMZN) shares also moved higher Monday morning. The Nasdaq Composite gained nearly 0.7% shortly after the market open Monday, while the S&P 500 (^GSPC) rose about 0.5%. That's after the indexes saw record-setting rallies in growth stocks last week. The Dow Jones Industrial Average (^DJI) gained around 0.2%. Alphabet (GOOG) and Tesla (TSLA) stocks climbed ahead of their earnings results on Wednesday, making them the first of the "Magnificent Seven" to report for the second quarter. Of the group, Apple (AAPL), Meta (META), and Amazon (AMZN) shares also moved higher Monday morning. Trending tickers in premarket trade: Verizon, Block, Tesla, Opendoor Here's a look at the top trending tickers and movers in premarket trading: View more trending tickers here. Here's a look at the top trending tickers and movers in premarket trading: View more trending tickers here. Opendoor explodes higher, extending retail frenzy Opendoor (OPEN) stock rose another 28% in premarket trading Monday after it exploded 188% last week. Retail investors have piled into the stock, cementing its meme status, after EMJ Capital principal and Carvana (CVNA) spotter Eric Jackson posted a bull thesis on X. Opendoor stock had fallen to penny stock status after reaching a high of $39.24 in February 2021, Yahoo Finance's Jake Conley reported. Now it's trading around $2.87 as posts on the meme-stock Reddit forum r/WallStreetBets fuel gains. Opendoor (OPEN) stock rose another 28% in premarket trading Monday after it exploded 188% last week. Retail investors have piled into the stock, cementing its meme status, after EMJ Capital principal and Carvana (CVNA) spotter Eric Jackson posted a bull thesis on X. Opendoor stock had fallen to penny stock status after reaching a high of $39.24 in February 2021, Yahoo Finance's Jake Conley reported. Now it's trading around $2.87 as posts on the meme-stock Reddit forum r/WallStreetBets fuel gains. Domino's Pizza posts Q2 sales beat, but profit falls short Shares of Domino's Pizza popped about 3% in premarket trade on the heels of its second quarter results as Wall Street weighed upbeat sales against disappointing earnings per share. Reuters reports: Read more here. Shares of Domino's Pizza popped about 3% in premarket trade on the heels of its second quarter results as Wall Street weighed upbeat sales against disappointing earnings per share. Reuters reports: Read more here. Block stock jumps after its inclusion in the S&P 500 Shares in Block (XYZ) surged over 9% in premarket trading after the payments company was added to the benchmark S&P 500 — reaching a new milestone for the fintech sector. Reuters reports: Read more here. Shares in Block (XYZ) surged over 9% in premarket trading after the payments company was added to the benchmark S&P 500 — reaching a new milestone for the fintech sector. Reuters reports: Read more here. Stellantis warns of $2.7B loss for 1H amid tariff headwinds Big Three automaker Stellantis (STLA) warned on Monday that it expects a 2.3 billion euro ($2.7 billion) net loss for the first half of 2025, hit by restructuring costs, ebbing sales, and an initial hit from US tariffs. The Chrysler maker's US-listed shares slipped nearly 2% in premarket, mirroring a drop in its stock in Milan. Reuters reports: Read more here. Big Three automaker Stellantis (STLA) warned on Monday that it expects a 2.3 billion euro ($2.7 billion) net loss for the first half of 2025, hit by restructuring costs, ebbing sales, and an initial hit from US tariffs. The Chrysler maker's US-listed shares slipped nearly 2% in premarket, mirroring a drop in its stock in Milan. Reuters reports: Read more here. TSMC rides AI wave over trillion-dollar crest Taiwan Semiconductor Manufacturing Co.'s market value has pushed over $1 trillion for the first time in the company's history. The chip-manufacturing giant has seen its stock price double in the past year, reaching an all-time high Friday. Bloomberg reports: The main supplier of chips to Apple Inc. (AAPL) and Nvidia Corp. (NVDA) saw it shares climb to a record high on Friday, a near 50% rise from an April low. The company's market capitalization now rivals that of Berkshire Hathaway Inc., with further gains potentially putting it among the world's 10 biggest companies by value. TSMC's stock surge reflected growing investor confidence that the world's top chipmaker will ride the AI boom to even greater dominance. The company raised its full-year revenue growth forecast to about 30% last week, signaling TSMC may benefit in a tightening race for AI manufacturing capacity. 'We think that TSMC's tone towards advanced node demand is even more positive with AI customers showing no signs of demand slowdown,' wrote Goldman Sachs Group Inc. analysts including Bruce Lu after TSMC's quarterly earnings. 'We expect to see a higher magnitude of price hike in 2026.' Read more here. Taiwan Semiconductor Manufacturing Co.'s market value has pushed over $1 trillion for the first time in the company's history. The chip-manufacturing giant has seen its stock price double in the past year, reaching an all-time high Friday. Bloomberg reports: The main supplier of chips to Apple Inc. (AAPL) and Nvidia Corp. (NVDA) saw it shares climb to a record high on Friday, a near 50% rise from an April low. The company's market capitalization now rivals that of Berkshire Hathaway Inc., with further gains potentially putting it among the world's 10 biggest companies by value. TSMC's stock surge reflected growing investor confidence that the world's top chipmaker will ride the AI boom to even greater dominance. The company raised its full-year revenue growth forecast to about 30% last week, signaling TSMC may benefit in a tightening race for AI manufacturing capacity. 'We think that TSMC's tone towards advanced node demand is even more positive with AI customers showing no signs of demand slowdown,' wrote Goldman Sachs Group Inc. analysts including Bruce Lu after TSMC's quarterly earnings. 'We expect to see a higher magnitude of price hike in 2026.' Read more here. Oil prices hold steady with Russia sanctions in focus Oil prices remained little changed overnight Sunday with geopolitical tensions impacting supply concerns. Russia is facing sanctions on oil production as a result of the countries war with Ukraine. Reuters reports: Read more here. Oil prices remained little changed overnight Sunday with geopolitical tensions impacting supply concerns. Russia is facing sanctions on oil production as a result of the countries war with Ukraine. Reuters reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
