Water Shortages Could Hurt TSMC 🖥️ LFST TGTX 📈 AMR BMBL 📉

FlowBank's hand-curated fresh financial news [header_noDither] Water Scarcity Could Disrupt TSMC Semiconductor Supply S&P Global Ratings highlighted that water scarcity poses a significant risk to semiconductor firms like TSMC, the world's largest contract chipmaker, due to the industry's high water usage, especially as chip manufacturing technology advances. This situation could disrupt the global tech supply chain by affecting TSMC's operations, given its pivotal role in producing the majority of the world's advanced chips for AI and quantum computing. However, TSMC's dominant position might allow it to offset potential production decreases with price increases, thanks to its customers' dependence on its supply. WHAT'S MOVING [Group 1742 (37)-1] [Start Trading](113/cXx8Z04/VWCHHS5VlzK8W3gM3tM8QK5SZW3wqskQ5b4vFBN6B8NqK2-ZVTW6N1vHY6lZ3l_VkWtKD22qydwW5k0lG16KW3-PN899pXKVKxyZW6ZyMmB20rx5qW3HM3hS8lbjFTW8w70C73HSZsDW1g7Blw7hzTsmN8FWS-V47_w4W5PB7jS5vlHWYW3W4GY45MBj6tW5pBn0s73S9MtW6tqLRR3F9khQW81bKXF3Dfjq6W2ZW6XR86n0MzW7-6rx09cLKRBN1g7xZBQ3GH4W4csfJ42XC4-PW3cxTxv496ZHdW8R6fnX4CcDBXW3mSYGF9h7jg4W4LtkfG2BpwtGW8BxXXv1Q_-5kf2pLXKC04) [Group 1752 (28)] Salesforce Salesforce exceeded fiscal fourth-quarter earnings expectations but projected single-digit revenue growth for FY 2025, prompting a light revenue forecast. Despite a challenging buying environment and foreign-exchange pressures, the company announced its first dividend and remains optimistic about AI contributions to future margins. [Group 3 (37)-2] Disney Disney and Reliance announce an $8.5 billion merger of their Indian media businesses, forming a powerhouse venture led by Mukesh Ambani. This strategic move aims to tap into India's vast viewer base, enhancing Disney's footprint in the market amidst a global restructuring. [Group 1750 (34)-1] Snowflake Snowflake announces the retirement of CEO Frank Slootman, leading to a stock plunge of over 20%. Sridhar Ramaswamy, former Google ad chief, is set to take over amidst expectations of growth in AI and machine learning. WHAT'S COMING UP? EUR: German CPI (MoM) (Feb): Exp. 0.5% v Prev. 0.2% USD: Core PCE Price Index (YoY) (Jan): Exp. 2.8% v Prev. 2.9% USD: Core PCE Price Index (MoM) (Jan): Exp. 0.4% v Prev. 0.2% USD: Initial Jobless Claims: Exp. 209K v Prev. 201K USD: Chicago PMI (Feb): Exp. 48.1 v Prev. 46.0 IN OTHER NEWS Wall Street Stock futures declined as Wall Street assessed recent earnings outcomes and anticipated the Federal Reserve's preferred inflation measure. Dow Jones Industrial Average futures dropped by 78 points, or 0.2%, while futures for the S&P 500 and Nasdaq 100 both saw decreases of 0.16% and 0.17%, respectively. [Group 1769] Europe European markets are expected to open with gains on Thursday, with projections indicating a rise in major indexes including the U.K.'s FTSE 100, Germany's DAX, France's CAC, and Italy's FTSE MIB. Key earnings reports are anticipated from companies such as AF-KLM, Veolia, and Anheuser-Busch InBev. MARKET INSIGHTS Forex Trading Weekly Outlook: All Eyes On Fed’s Favourite Inflation Measure The US dollar index (DXY) failed to leverage the tailwinds stemming from unexpectedly high inflation figures in January, rising Treasury yields and further downward adjustments to anticipated rate cuts for 2024. This lackluster performance is likely attributed to the prevailing bullish sentiment surrounding risk assets, evident as both US and European equity markets continue to flirt with record highs. 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