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Shares of Taiwan Semiconductor surged 12% after reporting a 54% gain in net profit for the third quarter driven by strong demand in artificial intelligence. The positive news also lifted shares of chip giants Nvidia and Micron. Nvidia, a major supplier to Taiwan Semiconductor, saw a nearly 3% increase in its stock price, hitting a record high. On the other hand, Elevance Health dropped 12% due to lower-than-expected earnings, citing challenges in the Medicaid business. Travelers’ stock jumped 7.6% after posting better-than-expected earnings, while Lucid Group tumbled 15% following a public stock offering announcement. Blackstone rallied nearly 7% after reporting strong financial results. Steel Dynamics also saw a nearly 5% increase in its stock price after beating earnings and revenue expectations for the third quarter. On the flip side, shares of Walgreens Boots Alliance dropped about 5% after announcing plans to close about 1,200 stores over the next three years.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
