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  • Dec 09, 2024

Broadcom Likely For Upside Backed By AI Pipeline, Market Recovery, VMWare Synergy: Analyst

JP Morgan analyst Harlan Sur maintained an Overweight rating on Broadcom Inc (NASDAQ:AVGO) with a price target of $210. Broadcom will report fiscal fourth-quarter 2024 earnings on Thursday. Sur noted a strong demand profile for AI products, continued cyclical recovery in its diversified semiconductor (ex-AI) end markets, and unlocked VMWare revenue synergy. As a result, the analyst expects revenue, earnings, and free cash flow to be better than JP Morgan and consensus expectations (revenues comi

  • Dec 09, 2024

MicroStrategy Buys Another $2.1 Billion Worth of Bitcoin

The company spent roughly $2.1 billion to add 21,550 bitcoins to its stash that has now grown to 423,650 BTC, and is worth close to $41.5 billion at current prices. MicroStrategy now controls over 2% of the 21 million bitcoin that will ever exist.

  • Dec 09, 2024

US consumers expect higher inflation and better economy, New York Fed says

(Reuters) -U.S. consumers were bracing last month for higher levels of inflation in coming years even as they marked up expectations that their personal financial situations would improve markedly, the New York Federal Reserve reported on Monday. Respondents to the regional Fed bank's survey of consumer expectations in November see inflation a year from now at 3%, versus the 2.9% expected in October, while inflation in three years is seen at 2.6%, compared to 2.5% in the previous month. The New York Fed noted educational levels affected the view on future inflation, saying "the overall increase in one- and three-year-ahead inflation expectations masks a decline among those without a college degree and an increase among those with a college degree."

  • Dec 09, 2024

Crypto Companies, Including DEXs, Look to Bermuda in Regulations Race

Bermuda is emerging as a hub for crypto and DeFi innovation, offering a sophisticated regulatory framework that has attracted companies like GRVT, the first regulated decentralized exchange, and Kraken, which launched its global derivatives venue there. This highlights how smaller, agile nations can bridge cutting-edge financial technologies with robust compliance, setting a precedent for fostering trust and legitimacy in the digital asset space.

  • Dec 08, 2024

Why Is Cogent Biosciences Stock Trading Higher On Monday?

On Sunday, Cogent Biosciences, Inc. (NASDAQ:COGT) revealed updated clinical results from the Open Label Extension (OLE) portion of the SUMMIT trial of bezuclastinib in patients with non-advanced systemic mastocytosis. Non-advanced systemic mastocytosis is a rare disease that involves mast cell buildup in tissues and organs. Updated clinical data presented at the American Society of Hematology Annual Meeting & Exposition show: 56% mean improvement in Total Symptom Score (TSS) at 24 weeks. 76% of

  • Dec 08, 2024

Nvidia stock falls almost 3% as it faces an antitrust probe in China

Nvidia’s (NVDA) shares fell by almost 3% during mid-day trading on Monday after the Chinese government announced an investigation into the chipmaker. Fellow chipmakers Advanced Micro Devices (AMD) and Marvell (MRVL) also saw their shares fall by 4.4% and 5.2%, respectively.

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