Wall Street's High-Risk Trades Lose Investor Conviction; USO Sees Largest Monthly Outflow Since 2009

Trump Media Appoints Trump Adviser Epshteyn and Fundraiser O'Rourke to Board

Gate News message, April 24 — Trump Media & Technology Group Corp., the parent company of Truth Social, appointed Boris Epshteyn and Meredith O'Rourke to its board on Friday (April 24), according to a regulatory filing. Epshteyn has served as a Trump aide for more than a decade, while O'Rourke is o

JPMorgan: Tokenization Will Transform Funds Industry, But 'Good Use Cases' Still Years Away

JPMorgan Signals Tokenization as Industry-Wide Catalyst Ciarán Fitzpatrick, JPMorgan's global head of ETF product, securities services, stated in a Friday post that tokenization will drive fundamental change across the entire funds industry, not just exchange-traded funds. "We believe tokenization

DOJ Drops Powell Probe, Clearing Path for Warsh Fed Nomination

The U.S. Department of Justice has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, clearing the way for the Senate to confirm incoming central bank chair Kevin Warsh, according to an announcement by U.S. Attorney for the District of Columbia Jeanine Pirro on Friday. The

S&P 500 and Nasdaq Hit Record Highs on Tech Rally and Iran Peace Talk Hopes

Gate News message, April 24 — The S&P 500 and Nasdaq Composite closed at record highs on April 24, driven by optimism over potential Iran-U.S. peace negotiations and a strong surge in semiconductor stocks, particularly Intel. The S&P 500 gained 56.68 points (0.8%) to 7,165.08, while the Nasdaq Compo

Why did Intel’s good news drive Nvidia’s stock to surge?

Intel’s quarterly earnings EPS came in at $0.29 and revenue at $13.6 billion, both beating expectations. Momentum in data center and computing equipment updates has rebounded, boosting confidence in semiconductor and AI demand. This positive news lifted Nvidia’s stock price by about 4.9% at midday. The market believes underlying compute demand remains strong, reducing concerns about AI becoming overhyped, and supporting Nvidia’s long-term growth outlook. Positive sector linkages are appearing at the same time as the two companies’ competition.

TSMC’s first-quarter gross margin surpasses 66%, the stock price hits a new high, and analysts continue to raise their profit forecasts for the next two years

TSMC’s gross margin for the first quarter was 66.2%, with revenue of $35.9 billion, up 40.6% year over year; cost pressures were mitigated by automation and incentive measures. The second-quarter gross margin guidance is 65.5–67.5%. Revenue growth expectations for 2026 and 2027 are roughly 31% and 25%, respectively; advanced packaging remains ahead on scale and integration. The stock price has risen sharply in recent years; over the next 12 months, the P/E is about 24.3x, and analysts are bullish on long-term earnings.