Author: Anthony M. Orbison

(Reuters) -Broadcom forecast its first-quarter revenue above Wall Street estimates on Thursday, betting on booming demand for its custom artificial intelligence chips and networking gear from cloud providers doubling down on GenAI infrastructure adoption. Shares of the Palo Alto, California-based company rose over 3% in extended trading, having gained about 60% so far this year as one of the largest beneficiaries of a rally in AI-linked shares. Big tech has been vying to reduce its dependence of pricey, supply-constrained AI processors made by front-runner Nvidia (NASDAQ:), helping Broadcom (NASDAQ:) which makes advanced custom artificial intelligence chips for so-called hyperscalers. Demand…

Amid the ongoing rise of the leading cryptocurrency, Texas has filed a bill to establish a strategic Bitcoin reserve for the state. Texas Representative, Giovanni Capriglione, officially introduced the game-changing legislation that would allow the state to hold BTC.The co-founder of the Satoshi Action Fund, Dennis Porter, confirmed the bill in an X (formerly Twitter) Space. Moreover, the state looks to be one of 10 that are currently seeking to establish a Bitcoin reserve of their own. According to Porter, passing the legislation at the state level is key for a federal reserve to be established.I can confirm that the…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.HSBC is reviewing its retail banking operations outside the UK and Hong Kong, a move that could see it substantially scale back operations in countries including Mexico, as it seeks further cost cuts.The bank is looking at locations outside its core markets where it can reduce its consumer presence and focus on wealthier “premier” clients, according to people familiar with the discussions. One of the markets under review is Mexico, a country which HSBC entered more than two decades ago but where…

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.The more shoes you buy, the more difficult it can be to keep them organized. That’s why it’s important to have a place to store them all without shoving them into the back of your closet. Walmart is currently selling an impressive shoe cabinet for an unbelievable discount, but this bestseller may sell out soon.The Baokaler Portable Shoe Rack is only $24 right now, which is an incredible 84% off the regular $152 price tag. If you’re looking…

contributor Posted: December 13, 2024 ENA’s cup-and-handle breakout suggests a bullish target of $1.53, reclaiming $1.10 as support. Positive MACD and ADX metrics offset declining network growth, supporting short-term rally sustainability. Ethena [ENA] has gained significant traction with a remarkable 18.05% daily surge, attracting attention from traders and investors alike. Trading at $1.13 at press time, ENA successfully reclaimed the $1.10 level, a critical resistance that previously capped its price.  This move has sparked discussions about whether ENA can sustain its current momentum and target the $1.53 level, driven by strong technical and market dynamics. Technical analysis: Cup and handle…

If you’ve stashed money in a high-yield savings account or certificate of deposit (CD) to earn extra cash, you might have to pay taxes on anything you make off it. The interest you earn on everything from money market accounts to treasury bonds may be subject to ordinary income tax. Knowing how interest is taxed can help you understand how much of your cash goes into your wallet and how much is going to Uncle Sam.  What is interest income? Interest income is money earned from investments—like corporate and municipal bonds—bank accounts, like checking and savings accounts, and more. These…

Shares of uranium companies experienced volatility following news that the Canadian government is contemplating export taxes on several major commodities, including uranium and oil, as a countermeasure to potential tariffs threatened by the United States. This development has particularly affected stocks such as Cameco Corp (TSX:). (NYSE:CCJ), Energy Fuels (TSX:) (NYSE:UUUU), and Uranium Energy (NYSE:NYSE:). Officials within Prime Minister Justin Trudeau’s administration are discussing the possibility of imposing export levies on commodities like uranium, oil, and potash as a last resort, according to a report from Bloomberg, citing officials familiar with the discussions. This comes in light of incoming President…

Chainlink (LINK) continues to outshine the top 10 crypto projects by market cap, recently breaking a five-month price barrier. According to Santiment, LINK just flipped $29 for the first time in over three years. The asset is up over 20% today in price and market cap, continuing its 100% climb over the past month. One of the biggest factors in this recent surge has been the activity of LINK whales, who are buying in on the surging cryptocurrency.According to Santiment data, LINK whales have acquired a corresponding amount of tokens dumped on the market by retail investors. In the last…

(Reuters) – Wall Street executives at the Reuters Next conference in New York expect a $7-trillion cash pile that proved invulnerable to falling interest rates in 2024 to start melting next year as easier monetary policy tempts clients out of the ultra-conservative asset class. So far, such hopes have been in vain. Cash in money markets rose by about $824 billion this year, according to Crane Data, dashing expectations it would find a home in stocks or bonds as the Federal Reserve began cutting rates. Proponents of the asset class have said they are happy earning rates of around 4%…

Most large cruise ships sailing out of Florida stop in Nassau.It’s a large port with a dock that can support up to seven ships at a time, and there’s no limit to the size of the ships that can stop there.Nassau, however, has a number of problems. First, many regular cruisers have been there multiple times. They’ve seen the port, visited many of the special sites, and had their full share of the shopping and dining opportunities.Related: Royal Caribbean shares its strict, new beverage policyIn addition, Nassau has become a port known for pushy vendors. That used to just be…