TC Bancshares Stock (NASDAQ:TCBC), Trade Ideas

TC Bancshares

TC Bancshares Inc is a stock holding company that serves as holding for TC federal bank. It does business through the bank that consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations, in one-to four-family residential real estate loans, commercial and multi-family residential real estate loans, commercial and industrial loans, construction and land development loans, and consumer loans. The Bank's primary lending products consist of single-family residential mortgage loans and commercial and multi-family real estate loans. Its deposit products are the primary source of funding.

News

Penny Stocks

Small Cap

Pre-Market Outlook

Markets

Movers

Trading Ideas

AEHR

AMEH

AVPT

BBIG

BTBT

CELU

CEMI

CTIB

GENI

GMVD

HCSG

HCWB

IKNA

JUPW

KLTR

LEXX

LUMO

MARA

MEDS

MMAT

MRIN

NAOV

NCTY

NRBO

NSPR

NURO

NVFY

PYCR

RIOT

RNAZ

SAVA

SGOC

SNBR

SNPX

SOFI

STAF

TCBC

TZOO

VEEE

VTEX

WISA

WORX

XAIR

61 Biggest Movers From Yesterday

TC Bancshares Inc

The Company received aggregate gross proceeds of&nbsp;US$8 million&nbsp;from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 300,000 ordinary shares at the public offering price after the closing of the Offering, less underwriting discounts.
Proceeds from the Offering will be used for expanding the Company&#39;s business internationally, brand promotion and marketing,&nbsp;and general working capital.

IPOs

Reported Earlier, Top Wealth Group Successfully Closes IPO, Raises $8M

The sales of the first electric car by Chinese smartphone manufacturer Xiaomi Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) have reportedly <a href="https://www.benzinga.com/news/24/03/38000440/xiaomis-su7-sedan-aims-to-challenge-teslas-model-s-with-price-lower-than-entry-level-model-3">exceeded expectations </a>by three to five times. 
What Happened: Company CEO Lei Jun revealed the unexpected sales figures during a live stream on Douyin, the Chinese equivalent of TikTok, Reuters reported. 
The SU7, which was launched last month, has a starting price of 215,900 yuan (about $29,829), lower than even the Tesla Model 3 in China. The pricier variants of the sedan, called Pro and Max, start at 245,900 ($33,973) and 299,900 yuan ($41,434), respectively. Xiaomi received over 50,000 orders in less than half an hour of starting to take orders late last month and has already commenced deliveries of select versions of the vehicle. 
In the live stream, the CEO also confirmed that Xiaomi has no plans to build off-road vehicles and will primarily focus on the SU7, Reuters added. 
Why It Matters: Since the launch of the SU7, smaller players in China such as <a href="https://www.benzinga.com/markets/asia/24/04/38141148/chinas-newest-ev-entrant-ignites-another-fierce-price-war-even-small-fry-feel-the-heat">Zeekr have slashed prices</a> on their vehicles in an attempt to protect their market share.
"Xiaomi's car officially debuts, the real revolution in smart cars has officially begun, and China will surely give birth to a great company like Tesla," company CEO&nbsp;Lei Jun&nbsp;<a href="https://www.benzinga.com/markets/asia/24/04/38064533/xiaomi-ceo-predicts-tesla-like-success-as-chinese-ev-debutants-1st-electric-offering-zooms-off-the-l">reportedly said</a> at the delivery ceremony for the founder&#8217;s edition of the car earlier this month.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:&nbsp;<a href="https://www.benzinga.com/news/24/04/38309742/laid-off-by-tesla-heres-what-you-get-and-cant-do-with-their-severance-offer">Laid Off By Tesla? Here&#8217;s What You Get (And Can&#8217;t Do) With Their Severance Offer</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Asia

Retail Sales

Tech

TSLA

XIACF

Chinese EV Contender Xiaomi's Budget 'Tesla Killer' Zooms Past Sales Expectations By 3-5 Times

<ul>
<li>SK hynix and TSMC sign MOU to collaborate on HBM4 development and next-generation packaging technology</li>
<li>SK hynix will adopt TSMC&#39;s cutting-edge foundry process to advance HBM4 performance</li>
<li>Product Design-Foundry-Memory trilateral collaboration to break memory performance limits for AI applications</li>
</ul>

Reported Earlier, SK hynix And TSMC Collaborate On HBM4 Development And Next-Generation Packaging Technology

Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) has purportedly ceased 24-hour trading, raising concerns among investors. This action is said to align with the increasing tensions between Iran and Israel.
What Happened: On Friday, finance influencer Amit took to X to address the 24-hour trading halt by Robinhood, saying, &#8220;Robinhood is saying 24-hour trading is currently unavailable. I think this is actually pretty normal and to be expected during what seems like a black swan event and everyone freaking out about this doesn&#8217;t understand the 24-hour trading product.&#8221;
He further explained that the halt is due to the intensity of selling, which is a normal market occurrence. He noted that this is a Robinhood-specific product and that other brokers do not offer this service.
Amit concluded the post by saying, &#8220;What this signals to me is that tomorrow is not going to be pretty for the broader market if Robinhood has to halt trading in the overnight markets. I do agree, however, optics don&#8217;t look the best on this.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24HOOD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$HOOD</a> Robinhood is saying 24-hour trading is currently unavailable. I think this is actually pretty normal and to be expected during what seems like a black swan event and everyone freaking out about this doesn&#39;t understand the 24 hour trading product. &quot;They are taking away…
&mdash; amit (@amitisinvesting) <a href="https://twitter.com/amitisinvesting/status/1781159455918346264?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Amid the escalating tensions between Iran and Israel, the halt in trading has raised concerns about the broader market&#8217;s performance. This comes on the heels of Israel&#8217;s retaliatory strikes on Iran, Syria, and Iraq, which resulted in a dip in stock market futures and a surge in oil and gold prices.
 Another user named Kelly shared frustration on X over the inability to buy into the black swan dip due to the suspension of after-hours trading on Robinhood, prompted by the Israel/Iran news. Speculation now surrounds the opening price for Robinhood stock tomorrow.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Can't even buy this black swan dip even if you wanted to. All after hours trading is currently suspended on Robinhood because of the Israel/Iran news. What price do you think <a href="https://twitter.com/search?q=%24HOOD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$HOOD</a> will open at tomorrow? <a href="https://t.co/Hoq20xB2Ib">https://t.co/Hoq20xB2Ib</a> <a href="https://t.co/13I8X1n8Xo">pic.twitter.com/13I8X1n8Xo</a>
&mdash; Kelly &#x1f31f; (@SelfMadeMastery) <a href="https://twitter.com/SelfMadeMastery/status/1781165851372142671?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, a user known as Wolf of My Street on X platform pointed out that Robinhood has the authority to suspend 24-hour market trading at any given time, <a href="https://cdn.robinhood.com/assets/robinhood/legal/ExtendedHoursTradingDisclosure.pdf">referencing</a> Robinhood&#8217;s extended hours trading disclosure.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Robinhood can suspend 24 hour market trading at anytime per their disclosure <a href="https://twitter.com/search?q=%24HOOD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$HOOD</a> <a href="https://twitter.com/hashtag/HOOD?src=hash&amp;ref_src=twsrc%5Etfw">#HOOD</a> <a href="https://t.co/0604SFsOvw">https://t.co/0604SFsOvw</a> <a href="https://t.co/qbWocz5ukD">https://t.co/qbWocz5ukD</a> <a href="https://t.co/FQfVQyki2v">pic.twitter.com/FQfVQyki2v</a>
&mdash; Wolf of My Street&#x1f3e1; (@Ryan__Rigg) <a href="https://twitter.com/Ryan__Rigg/status/1781161078577152383?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/04/38281470/the-court-case-that-could-change-the-cannabis-industry-forever-and-how-it-affects-rescheduling?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">The Court Case That Could Change The Cannabis Industry Forever And How It Affects Rescheduling</a>
Why It Matters: The decision to suspend 24-hour trading comes amid escalating tensions between Israel and Iran. Israel recently launched a series of <a href="https://www.benzinga.com/news/24/04/38328006/israel-reportedly-strikes-iran-syria-iraq-in-retaliation-for-missile-drone-attack">retaliatory strikes</a> following an Iranian missile attack. This has led to a dip in <a href="https://www.benzinga.com/markets/equities/24/04/38328354/stock-market-futures-dip-asian-markets-drop-after-israel-hits-back-at-iran-oil-gold-prices-surge">stock market futures</a> and a surge in oil and gold prices.
Meanwhile, Iran has assured that its <a href="https://www.benzinga.com/news/24/04/38328453/iran-says-nuclear-facilities-safe-after-israeli-strike-us-confirms-escalation">nuclear facilities are safe</a> following the Israeli strike, which was confirmed by a U.S. official. These developments have created a climate of uncertainty in the global market, prompting reactions from major players like Robinhood.
The recent events in the Middle East have been a cause for concern among investors, with fears of a potential <a href="https://www.benzinga.com/news/24/04/38255115/how-irans-attack-against-israel-will-impact-gas-prices-you-pay-at-the-pump">recession</a> looming.
Price Action: According to data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>, Robinhood stock is currently trading at $17.08, reflecting a decrease of 0.29% in after-hours trading on Thursday.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38294335/tesla-analyst-says-expect-fireworks-into-shareholder-meeting-after-ev-giants-proxy-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Analyst Says Expect &#8216;Fireworks&#8217; Into Shareholder Meeting After EV Giant&#8217;s Proxy Filing: &#8216;Clock Has</a>
Image Via Shutterstock 
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/topic/kaustubh-bagalkote" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Equities

Politics

Global

HOOD

Has Robinhood Halted 24-Hour Trading? Social Media Explodes With Screenshots And Theories: 'Tomorrow Is Not Going To Be Pretty'

For the three months ended March 31, 2024, the Company expects to report net revenue in a range of&nbsp;$199.0 million&nbsp;to&nbsp;$201.0 million, net loss in a range of&nbsp;$(14.9)&nbsp;million to&nbsp;$(13.4)&nbsp;million, and Adjusted EBITDA(1)&nbsp;in a range of&nbsp;$7.65 million&nbsp;to&nbsp;$9.15 million. The Company will issue a press release reporting its&nbsp;first quarter&nbsp;2024 operating results at approximately 8:00 AM EDT on Friday, May 3rd&nbsp;and will host a conference call to discuss these results at 8:30 AM EDT that day. Conference call details can be found later in this press release.

CMLS

Reported Earlier, Cumulus Media Announces Selected Preliminary Q1 Results: Expects To Report Net Revenue Of $199M-$201M, And Net Loss Of $(14.9)M-$(13.4)M

MSFT

Reported Earlier, SK Telecom Collaborates With Aptos Labs, Brevan Howard And Microsoft To Bring Global Institutional Finance On-Chain With Aptos Ascend

Twitter co-founder and Block Inc CEO Jack Dorsey responded to a post by Elon Musk about the recent Israeli airstrike on Iran, advocating for peace and space exploration.
What Happened: On Thursday, Dorsey replied to a tweet by Musk, Owner of X, in which the entrepreneur suggested, &#8220;We should send rockets not at each other, but rather to the stars&#8221;. Dorsey&#8217;s response was a single word: &#8220;only&#8221;.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">only <a href="https://t.co/lyYC9USXln">https://t.co/lyYC9USXln</a>
&mdash; jack (@jack) <a href="https://twitter.com/jack/status/1781180841588072953?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/04/38305694/former-trump-attorney-says-very-unusual-to-have-lawyers-on-the-jury-they-can-be-a-very-strong-voice?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Former Trump Attorney Says &#8216;Very Unusual&#8217; To Have Lawyers On The Jury: &#8216;They Can Be A Very Strong Voice&#8217;</a>
Musk&#8217;s comment came in response to a post by OSINTdefender, an Open Source Intelligence Monitor, <a href="https://www.benzinga.com/news/24/04/38328177/elon-musk-reacts-to-alleged-israeli-airstrike-on-iran-our-tax-dollars-somehow-also-blowing-up-our-ta">reporting on an alleged Israeli airstrike</a> on Iran&#8217;s 8th Tactical Airbase.
Why It Matters: The exchange between Dorsey and Musk comes amid escalating tensions between Israel and Iran. Israel reportedly launched a <a href="https://www.benzinga.com/news/24/04/38328006/israel-reportedly-strikes-iran-syria-iraq-in-retaliation-for-missile-drone-attack">series of retaliatory strikes</a> on Iran, Syria, and Iraq following an Iranian missile attack on Israel.
The rising tensions and subsequent military actions have had <a href="http://benzinga.com/markets/equities/24/04/38328354/stock-market-futures-dip-asian-markets-drop-after-israel-hits-back-at-iran-oil-gold-prices-surge(opens in a new tab)">significant impacts</a> on global markets. Stock market futures dipped, oil prices surged over 3%, and gold prices climbed due to the uncertainty surrounding the situation.
Photo courtesy: TED Conference on Flickr
Read Next: <a href="https://www.benzinga.com/news/24/04/38263998/trumps-niece-says-ex-presidents-mandatory-courtroom-presence-will-give-jury-front-row-seat-of-his-ba?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Ex-President&#8217;s Mandatory Courtroom Presence Will Give Jury Front-Row Seat Of His Bad Behavior: &#8216;Donald Is Finally Confronting His Criminal Charges&#8217;</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

General

Jack Dorsey Reacts To Elon Musk's Call For Peace And Space Exploration Amid Israel-Iran Conflict Escalation

In a surprising turn of events, renowned director&nbsp;Quentin Tarantino&nbsp;has reportedly decided to drop &#8220;The Movie Critic&#8221; as his concluding film.
What Happened: Tarantino, who had envisioned Brad Pitt in the lead role, has reportedly reconsidered his decision about the project, as reported by <a href="https://deadline.com/2024/04/quentin-tarantino-final-film-wont-be-the-movie-critic-scrapped-1235888577/" target="_blank" rel="noreferrer noopener">Deadline</a> on Tuesday. 
This unexpected move has reportedly left fans in shock, reminiscent of&nbsp;the time&nbsp;when the director had similarly put &#8220;The Hateful Eight&#8221; on hold.
According to sources close to Tarantino, the director is reconsidering his final film after a rewrite of &#8220;The Movie Critic&#8221; script caused a delay in the start of production. The film&nbsp;was slated&nbsp;to begin shooting in 2024, following the end of the SAG-AFTRA strike.
See Also: <a href="https://www.benzinga.com/money/best-media-diversified-stocks" target="_blank" rel="noreferrer noopener">Best Media Diversified Stocks Right Now</a>
Tarantino&#8217;s decision to abandon &#8220;The Movie Critic&#8221; as his swan song continues a trend in his career of making unexpected changes when he deems&nbsp;it&nbsp;necessary. The film was initially set in 1977 California and&nbsp;was based&nbsp;on the life of a real-life movie critic for an adult magazine.
Why It Matters:&nbsp;Tarantino&#8217;s unique style and&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cannabis/23/03/31032639/blood-drugs-and-tarantino-a-thrilling-journey-through-iconic-cinematic-masterpieces" rel="noreferrer noopener">controversial use of violence</a>&nbsp;in his films have become his signature. His works&nbsp;are often characterized&nbsp;by gallons of blood, memorable dialogue, outlandish characters, and a recurring theme of drug use.&nbsp;
This sudden change in his final film project adds another layer of intrigue to his illustrious career.
Deadline reported that it will continue to provide updates on Tarantino&#8217;s final film project as more information becomes available.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38305694/former-trump-attorney-says-very-unusual-to-have-lawyers-on-the-jury-they-can-be-a-very-strong-voice?itm_source=parsely-api" rel="noreferrer noopener">Former Trump Attorney Says &#8216;Very Unusual&#8217; To Have Lawyers On The Jury: &#8216;They Can Be A Very Strong Voice&#8217;</a>
Photo via Shutterstock
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Ramakrishnan M</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Entertainment

Rumors

Media

A Quentin Tarantino Twist? Maverick Director Reportedly Abandons 'The Movie Critic' Starring Brad Pitt As Final Film

Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) has cautioned that the red-hot growth in the chip industry might be cooling down, citing a potential decline in automotive chip demand.
What Happened: The world&#8217;s largest chipmaker, TSMC, has revised its growth forecast for the chip market, excluding memory chips, to 10%, down from the previous projection of &#8220;more than 10%,&#8221; the company said in a <a href="https://seekingalpha.com/article/4684432-taiwan-semiconductor-manufacturing-co-ltd-tsm-q1-2024-earnings-call-transcript">post-earnings</a> call.
The company&#8217;s CEO, C.C. Wei, attributed this shift to a potential decrease in demand for automotive chips, a sector that TSMC had previously anticipated would continue to grow throughout the year.
&#8220;Looking at 2024, macro economy and geopolitical uncertainties persist, which could further affect consumer confidence and end-market demand,&#8221; CEO Wei said on the analyst call.
Despite these concerns, TSMC is optimistic about its own future, projecting a potential 30% increase in second-quarter sales.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38294335/tesla-analyst-says-expect-fireworks-into-shareholder-meeting-after-ev-giants-proxy-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Analyst Says Expect &#8216;Fireworks&#8217; Into Shareholder Meeting After EV Giant&#8217;s Proxy Filing: &#8216;Clock Has</a>
Wei emphasized the strong demand for AI-related chips, which are expected to account for a significant portion of TSMC&#8217;s revenue in the coming years. 
TSMC&#8217;s role as a key manufacturing hub for tech giants like NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) positions it at the forefront of AI development.
Despite exceeding revenue and profit expectations in the first quarter, TSMC&#8217;s stock experienced a 6% drop following the adjusted industry outlook.
Why It Matters: The revised forecast from TSMC comes amid a series of events that have impacted the global chip industry. Earlier in April, Taiwan was hit by a <a href="https://www.benzinga.com/news/24/04/38062166/taiwan-shaken-by-massive-7-2-magnitude-earthquake-forcing-tsmc-to-suspend-chip-production">massive 7.2 magnitude earthquake</a>, forcing TSMC to suspend chip production. This natural disaster raised concerns about the potential disruption to chip supplies, a critical component in various tech products.
Despite these challenges, Taiwan has been actively strengthening its global standing through <a href="https://www.benzinga.com/news/24/04/38288066/taiwan-bolsters-chip-diplomacy-with-canada-and-france-amid-china-tensions">&#8216;chip diplomacy&#8217;</a>, signing tech pacts with countries like Canada and France. This strategic move aims to solidify Taiwan&#8217;s position as a key player in the global tech supply chain, despite the ongoing geopolitical tensions with China.
Additionally, recent data has highlighted the <a href="https://www.benzinga.com/markets/24/04/38317320/new-data-point-shows-insatiable-demand-for-ai-chips-but-chart-shows-broadening-top-pattern">insatiable demand for AI chips</a>, a sector in which TSMC is heavily involved in. This demand, coupled with the potential industry slowdown, could have far-reaching implications for the tech industry and global supply chains.
Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/04/38281470/the-court-case-that-could-change-the-cannabis-industry-forever-and-how-it-affects-rescheduling?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">The Court Case That Could Change The Cannabis Industry Forever And How It Affects Rescheduling</a>
Image Via Shutterstock 
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/topic/kaustubh-bagalkote" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

AAPL

NVDA

TSMC Cautions Red-Hot Chip Industry Growth Could Cool Amid Declining Automotive Chip Demand

Iran&#8217;s state-aligned media has reported that the nuclear facilities in Isfahan province are safe following an Israeli strike. The attack, which was confirmed by a U.S. official, is not believed to have targeted nuclear installations.
What Happened: The Iranian state-aligned Tasnim news assured that the nuclear facilities in Isfahan province are &#8220;completely secure,&#8221; citing a &#8220;reliable source.&#8221; This claim was echoed by other Iranian media outlets, <a href="https://edition.cnn.com/middleeast/live-news/israel-hamas-war-gaza-news-04-18-24/index.html">reported</a> CNN.
Despite the strike, the U.S. official confirmed that the target was not nuclear. Before the strike, the U.S. had anticipated that Israel would not target civilian or nuclear facilities.
The Israeli strike on Iran was <a href="https://www.benzinga.com/news/24/04/38328006/israel-reportedly-strikes-iran-syria-iraq-in-retaliation-for-missile-drone-attack">followed by explosions</a> in central Iran, southern Syria, and the Baghdad area, as well as the Babil Governorate of Iraq.
See Also: <a href="https://www.benzinga.com/news/24/04/38263998/trumps-niece-says-ex-presidents-mandatory-courtroom-presence-will-give-jury-front-row-seat-of-his-ba?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Ex-President&#8217;s Mandatory Courtroom Presence Will Give Jury Front-Row Seat Of His Bad Behavior: &#8216;Donald Is Finally Confronting His Criminal Charges&#8217;</a>
Why It Matters: The recent escalation of tensions between Israel and Iran, culminating in a large-scale missile and drone attack by Iran on Israel, has raised concerns about a potential <a href="https://www.benzinga.com/news/24/04/38240360/what-a-full-blown-war-between-israel-and-iran-could-entail-according-to-one-report">full-scale war</a>. This attack was seen as retaliation for an incident attributed to Israel that resulted in the deaths of several Iranian officers in Syria.
In the wake of Iran&#8217;s direct assault on Israel, China has reaffirmed its commitment to strengthening its <a href="https://www.benzinga.com/news/24/04/38267600/amid-iran-israel-tensions-china-affirms-support-for-tehran-strengthens-ties">relationship with Tehran</a>. This comes at a time when global tensions are heightened due to Iran&#8217;s actions.
Furthermore, the US has intensified <a href="https://www.benzinga.com/markets/asia/24/04/38316947/us-intensifies-economic-pressure-on-iran-in-response-to-attack-on-israel-we-will-continue-to-deploy">economic pressure on Iran</a> in response to the attack on Israel. The U.S. Department of the Treasury announced new sanctions against Iran, targeting a network of individuals and organizations involved in developing Iran&#8217;s Unmanned Aerial Vehicle (UAV) capabilities.
Read Next: <a href="https://www.benzinga.com/news/24/04/38286407/gop-mega-donors-son-throws-support-behind-incumbent-president-in-biden-vs-trump-battle?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GOP Mega Donor&#8217;s Son Throws Support Behind Incumbent President In Biden Vs. Trump Battle</a>
Image Via Shutterstock 
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/topic/kaustubh-bagalkote" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Iran Says Nuclear Facilities Safe After Israeli Strike, US Confirms Escalation

Macro Economic Events

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan National Consumer Price Index (MoM) For March 0.2% Vs. 0.0% Prior

Reported Earlier, Japan National Core Consumer Price Index (YoY) For March 2.6% Vs. 2.7% Est.; 2.8% Prior

Amid renewed Israel-Iran tensions, stock market futures took a hit Thursday. Oil prices surged over 3%, while gold climbed, driven by concerns. Reports of explosions in Iran, Syria, and Iraq added to the uncertainty following Israel&#8217;s military operation.
What Happened: Dow Jones Industrial Average futures dipped by 430 points, marking a 1.15% decline. S&amp;P 500 futures also experienced a loss of nearly 1.34%, while Nasdaq 100 futures were down by 1.62%, according to data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>.
The oil prices also surged by over 3% in the Asian morning trading, with the global benchmark Brent crude futures exceeding $90 per barrel.
Gold prices climbed beyond $2,400 per ounce driven by concerns over growing tensions between Israel and Iran, sparking increased demand for safe-haven assets.
Bullion surged by as much as 1.3%, marking its fifth consecutive weekly gain, prompted by unverified media reports of explosions in Iran, Syria, and Iraq, <a href="https://www.bloomberg.com/news/articles/2024-04-19/gold-xauusd-set-for-fifth-weekly-gain-on-increasing-mideast-tensions">according</a> to Bloomberg. 
Asian markets responded to escalating tensions between Israel and Iran with significant declines on Friday. The Nikkei 225 experienced a notable drop, trading at 37,085.40, down 2.61%, while the Hang Seng Index also saw a decline, trading at 16,177.25, down 1.27%. India&#8217;s Nifty 50 opened the day at 21,813.20, marking a decrease of 0.83%, reflecting the cautious sentiment among investors. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38327607/bitcoin-analyst-predicts-significant-chance-of-price-bounce-amid-fading-hype-narratives-wi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Analyst Predicts &#8216;Significant Chance&#8217; Of Price Bounce Amid Fading Hype: &#8216;Narratives Will Change&#8217;</a>
Why It Matters: The renewed conflict between Israel and Iran comes on the heels of a <a href="https://www.benzinga.com/news/24/04/38328006/israel-reportedly-strikes-iran-syria-iraq-in-retaliation-for-missile-drone-attack">series of alleged retaliatory strikes</a> by Israel on Iran, Syria, and Iraq. This escalation followed an Iranian missile attack on Israel, which was seen as retaliation for an incident in Syria attributed to Israel.
The U.S. has responded to the Apr. 13 attack on Israel by <a href="https://www.benzinga.com/markets/asia/24/04/38316947/us-intensifies-economic-pressure-on-iran-in-response-to-attack-on-israel-we-will-continue-to-deploy">intensifying economic pressure on Iran</a>, imposing new sanctions on a network of individuals and organizations involved in developing Iran&#8217;s Unmanned Aerial Vehicle (UAV) capabilities. These UAVs were reportedly used in the attack, implicating entities under the Iran&#8217;s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF).
Amid these developments, the stock market has been volatile, with investors fearing a potential <a href="https://www.benzinga.com/news/24/04/38255115/how-irans-attack-against-israel-will-impact-gas-prices-you-pay-at-the-pump">escalation in the Middle East</a>, where a significant portion of the world&#8217;s oil is produced. The price of oil has been a particular concern, with experts warning that sustained prices above $100 a barrel could increase the likelihood of a U.S. recession.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38288246/wall-street-poised-to-rebound-from-slump-as-earnings-optimism-grows-analyst-eyes-this-s-p-500-level?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">S&amp;P 500, Nasdaq Futures Point To Higher Open Today: What&#8217;s Going On?</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Commodities

Stock Market Futures Dip, Asian Markets Drop After Israel Hits Back At Iran — Oil, Gold Prices Surge

Edward Snowden offered a sarcastic commentary on President Joe Biden&#8217;s visit to a Wawa in Philadelphia.
What Happened: On Thursday, Snowden took to X, formerly Twitter, to share his views on Biden&#8217;s recent visit to a Wawa convenience store in Philadelphia. His tweet, &#8220;It&#8217;s like watching jordan at the top of his game,&#8221; was a tongue-in-cheek comparison of the President&#8217;s visit to the performance of a top athlete.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">it&#39;s like watching jordan at the top of his game <a href="https://t.co/TmmCTMaO8L">https://t.co/TmmCTMaO8L</a>
&mdash; Edward Snowden (@Snowden) <a href="https://twitter.com/Snowden/status/1781126516241240575?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Biden made a stop at Wawa in Center City near Independence Hall, accompanied by Philadelphia Mayor Cherelle Parker. 
Biden ordered an Italian hoagie and a black and white milkshake from the convenience store, while Parker chose yogurt. This marked Biden&#8217;s third stop in Pennsylvania that week, as he prepared for a rematch against former President Donald Trump, <a href="https://www.cbsnews.com/philadelphia/news/joe-biden-in-philadelphia-wawa/">reported</a> CBS News.
He also received endorsements from members of Robert F. Kennedy Jr.&#8217;s family and made previous visits to Scranton and Pittsburgh, discussing economic policies and meeting with union leaders.
See Also: <a href="https://www.benzinga.com/news/24/04/38263998/trumps-niece-says-ex-presidents-mandatory-courtroom-presence-will-give-jury-front-row-seat-of-his-ba?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Ex-President&#8217;s Mandatory Courtroom Presence Will Give Jury Front-Row Seat Of His Bad Behavior: &#8216;Donald Is Finally Confronting His Criminal Charges&#8217;</a>
Why It Matters: Snowden&#8217;s tweet comes in the context of his previous criticisms of Biden. In February, he expressed concern over reports that <a href="https://www.benzinga.com/news/24/02/37384159/edward-snowden-isnt-happy-biden-skipped-cognitive-testing-during-medical-exam-white-house-medical-st">Biden had skipped a cognitive assessment</a> during his annual physical. Snowden suggested that the White House medical staff has historically been &#8220;all-too-happy to lie&#8221; to downplay or conceal Presidential health issues.
While Snowden has been vocal about his views on the current administration, he has previously dismissed the idea of running for President himself. In a response to a Twitter user&#8217;s question in June 2023, he stated, &#8220;<a href="https://www.benzinga.com/23/06/32959023/president-edward-snowden-heres-what-the-whistleblower-has-to-say-about-that">I&#8217;d rather not</a>.&#8221;
Photo via Wikimedia
Read Next: <a href="https://www.benzinga.com/news/24/04/38270988/elon-musk-reacts-after-trump-posts-screenshot-of-tesla-ceos-post-about-lawfare-not-being-applied-equ?itm_source=parsely-api">Elon Musk Reacts After Trump Posts Screenshot Of Tesla CEO&#8217;s Post About &#8216;Lawfare:&#8217; &#8216;Not Being Applied Equally To Joe And Hunter Biden&#8217;</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Edward Snowden Compares Biden Ordering A Milkshake To 'Jordan At The Top Of His Game'

- Reuters Citing Iranian Press TV

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

Situation In Iran's Isfahan Is Normal, No Explosion Taken Place On Ground; Iran's Nuclear Facilities Remain Unharmed

Israeli Military Says Sirens Sounded In Northern Israel

Elon Musk, the CEO of Tesla Inc, weighed in on the recent Israeli airstrike targeting Iran and expressed his thoughts on the situation.
What Happened: Musk&#8217;s comments on X, formerly Twitter, were in response to a post by OSINTdefender, an Open Source Intelligence Monitor focusing on Europe and global conflicts.
The post by OSINTdefender reported that the Israeli Air Force may have targeted the 8th Tactical Airbase of the Iranian Air Force, which houses multiple squadrons of F-14 &#8220;Tomcat&#8221; fighter aircraft.
Musk&#8217;s post read, &#8220;Our tax dollars somehow also blowing up our tax dollars.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Our tax dollars somehow also blowing up our tax dollars
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1781141827757781162?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38306270/dogecoin-could-make-elon-musks-fate-loves-irony-comment-come-true-if-it-flips-ethereums-ma?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Could Make Elon Musk&#8217;s &#8216;Fate Loves Irony&#8217; Comment Come True If It Flips Ethereum&#8217;s Market Cap At Last Bull Run, Says This Crypto Influencer</a>
Why It Matters: The Israeli airstrike comes in the wake of escalating tensions between <a href="https://www.benzinga.com/news/24/04/38240360/what-a-full-blown-war-between-israel-and-iran-could-entail-according-to-one-report">Iran and Israel</a>. Iran recently launched a large-scale missile and drone attack on Israel, reportedly in retaliation for an incident in Syria that resulted in the deaths of several Iranian officers.
Israel responded to the attack with a series of <a href="https://www.benzinga.com/news/24/04/38328006/israel-reportedly-strikes-iran-syria-iraq-in-retaliation-for-missile-drone-attack">alleged retaliatory strikes</a>, targeting Iran, Syria, and Iraq. This has led to a significant escalation of the conflict dynamics between the two countries, potentially edging towards <a href="https://www.benzinga.com/news/24/04/38240360/what-a-full-blown-war-between-israel-and-iran-could-entail-according-to-one-report">full-scale war</a>.
The U.S. has also intensified <a href="https://www.benzinga.com/markets/asia/24/04/38316947/us-intensifies-economic-pressure-on-iran-in-response-to-attack-on-israel-we-will-continue-to-deploy">economic pressure on Iran </a>in response to the attack on Israel, imposing new sanctions on a network of individuals and organizations involved in developing Iran&#8217;s Unmanned Aerial Vehicle (UAV) capabilities.
Amid these tensions, China has reaffirmed its <a href="https://www.benzinga.com/news/24/04/38267600/amid-iran-israel-tensions-china-affirms-support-for-tehran-strengthens-ties">support for Iran</a> and strengthened its bilateral ties with Tehran.
Read Next: <a href="https://www.benzinga.com/news/24/04/38288858/elon-musk-says-bring-it-on-after-russian-space-chief-touts-amur-rocket-says-it-can-be-reused-up-to-5?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says &#8216;Bring It On&#8217; After Russian Space Chief Touts Amur Rocket, Says It Can Be Reused Up To 5X More Than SpaceX&#8217;s Falcon 9</a>
Image Via Shutterstock 
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/topic/kaustubh-bagalkote" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Elon Musk Reacts To Alleged Israeli Airstrike On Iran: 'Our Tax Dollars Somehow Also Blowing Up Our Tax Dollars'

Iranian Fars News Agency, 'The Sound Of Three Explosions Has Been Heard Near An Army Base In Northwest Isfahan'; Air Defense Systems Have Been Activated In Response To 'An Object Suspected To Be A Drone', Sources Say

<a href="https://www.reuters.com/world/middle-east/israeli-missiles-hit-site-iran-abc-news-reports-2024-04-19/">https://www.reuters.com/world/middle-east/israeli-missiles-hit-site-iran-abc-news-reports-2024-04-19/</a>
&nbsp;
A U.S. official confirmed to ABC News Israeli missiles have hit a site in Iran.
The official could not confirm whether Syria and Iraq sites were hit as well.
An explosion was heard in the city of Qahjavaristan, Isfahan, according to Iranian Media.
They also report that there has been a suspension of flights to Tehran, Isfahan and Shiraz.
Iran launched hundreds of missiles and drones into Israel last weekend. Israeli officials said the country's Iron Dome defense system endured a big test from Iran's attack on Saturday, intercepting 99% of the 300 "threats of various types" thrown at it.
Iran's Islamic Revolutionary Guard Corps, according to Israel Defense Forces spokesperson Daniel Hagari, launched 170 unmanned aerial vehicles (UAVs), more than 120 ballistic missiles and more than 30 cruise missiles in the attack.
Hagari said "99% of the threats launched towards Israeli territory were intercepted -- a very significant strategic achievement."
Hagari said the attack resulted in only one known Israeli casualty, a 7-year-old girl who was severely injured when she was struck by shrapnel apparently from an intercepted missile.

"Israel Retaliates As Missiles Strike A Site In Iran, US Officials Say" - ABC News

Cyberspace Administration Of China Ordered Removal Of Meta's WhatsApp And Threads Apps From China Storefront Based On National Security Concerns

TC Bancshares goes ex dividend tomorrow

Bank Buzz: Northeast Community Bancorp Offers An Attractive Valuation And Upside

Bank Buzz: NB Bancorp Is Priced Below Liquidation Value And Insiders Are Buying

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
TC Bancshares (NASDAQ:<a href="https://investorplace.com/stock-quotes/tcbc-stock-quote/">TCBC</a>) just reported results for the fourth quarter of 2023.<ul><li>TC Bancshares reported earnings per share of -2 cents.</li><li>The company reported revenue of $3.60 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT793992">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/02/wall-street-legend-issues-urgent-ai-code-red/?cid=MKT781156&amp;eid=MKT793990">&ldquo;America&rsquo;s Top Trader&rdquo; Issues A.I. Code Red: Act Now or Miss Out</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793999">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/earning-results/2024/03/tcbc-stock-earnings-tc-bancshares-for-q4-of-2023/">TCBC Stock Earnings: TC Bancshares Reported Results for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.