US retail sales, Yellen on tariffs, TSMC earnings
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The tech sector is getting a boost higher Thursday morning after Taiwan Semiconductor Manufacturing Company (TSM) topped third quarter earnings results and raised its 2025 sales guidance. Takeaways: US retail sales rose 0.4% month-over-month in September, above estimates of 0.3%, while initial jobless claims came out below expectations. US Secretary of the Treasury Janet Yellen is currently warning that former President Donald Trump's proposed tariffs will exacerbate inflation. US stock futures (ES=F, NQ=F, YM=F) move higher following Taiwan Semiconductor Manufacturing Company's (TSM) third quarter earnings results. Other earnings on deck for today include Netflix (NFLX) and regional bank M&T Bank (MTB). Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions. Find this and other episodes of Morning Brief here. Thoughts? Questions? Fan mail? Email us at [email protected]. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices
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