Billionaire investor Dan Loeb's hedge fund Third Point made Taiwan Semiconductor Manufacturing Company (TSMC) its top AI stock pick in early 2026, holding $93 million worth of shares. Loeb favors TSMC for its dominant 70% share in global semiconductor manufacturing, crucial for AI chip production, over chip designers like Nvidia. TSMC's revenue surged 30% year-over-year in May 2026, driven by AI demand. Additionally, Third Point added Bitcoin miner Hut 8, which operates flexible data centers for both crypto mining and AI computing. The move highlights Loeb's focus on key infrastructure in AI and crypto, though geopolitical risks remain due to TSMC's Taiwan-based operations.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
