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TSMC Posts Record Profit, Pepsi’s Snack Business Bounces Back
Description
Market update for Thursday April 16, 2026
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In today’s episode:
Stocks hit all-time highs as the S&P 500 closes above 7,000 and the Nasdaq extends its winning streak
TSMC posts record profits, raises its outlook, and says AI chip demand is still “extremely robust”
PepsiCo beats earnings after cutting prices on Doritos, Lay’s, and other snacks to win back shoppers
Hims stock jumps after RFK Jr. signals looser peptide regulations
Live Nation drops after a major antitrust court loss that could put Ticketmaster’s future in question
Allbirds is trying to pivot from selling wool sneakers to becoming an AI infrastructure company