In recent times, the once-obscure chipmaker Broadcom has experienced an unprecedented rally in its stock price, propelling its market capitalization to new heights. This surge has brought Broadcom’s market cap tantalizingly close to Warren Buffett’s renowned Berkshire Hathaway conglomerate, a significant achievement for the Palo Alto-based semiconductor supplier. Key Players in the Tech Industry Broadcom’s
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Darden Restaurants recently reported its quarterly results, which showed a mixed performance for the company. Despite an increase in net sales by 6.8%, the same-store sales of Olive Garden, one of their prominent chains, fell for the second consecutive quarter. This is concerning as same-store sales are an important indicator of a company’s health in
The U.S. dollar saw a slight uptick in trading on Thursday, with the Dollar Index rising by 0.2% to 105.122. This movement comes after a recent holiday in the United States, as traders returned to the market looking for clues about the Federal Reserve’s stance on interest rates. The latest economic data, including initial jobless
In a groundbreaking move, Zeek has successfully closed a USD 3M seed funding round from prominent investors such as OKX Ventures, Animoca Brands, and Mask Network. This marks a significant milestone for Zeek as they gear up to revolutionize the way social collaboration functions in the realm of SocialFi. With the introduction of reputation mechanisms
The British pound remained stable on Thursday as investors awaited the rate decision from the Bank of England (BoE). While the sterling slightly increased to $1.2719, the focus was on any potential guidance on when an easing cycle might start. Despite British inflation reaching its 2% target for the first time in nearly three years
The recent launch of the VanEck Bitcoin ETF on the Australian Securities Exchange marks a significant moment for the country’s financial markets. This move comes as investors are showing renewed interest in cryptocurrencies following a surge in prices. The ETF, which has been in the making for over three years, is set to provide Australian
In an effort to enhance security and transparency within its ecosystem, the omnichain tokenization protocol, Holograph, has announced a technical partnership with web3 cybersecurity specialist, Halborn. This collaboration comes on the heels of a recent security incident in which a malicious attacker was able to mint the native Holograph token, HLG. Halborn has been engaged
SynFutures, the DeFi derivatives protocol, has recently announced its plans to expand to Base, Coinbase’s L2 network. This move marks a significant milestone for SynFutures as it aims to tap into a new market and provide unique trading opportunities for its users. The expansion to Base is part of SynFutures’ multichain strategy for V3, following
The recent decrease in mortgage rates did not seem to generate much excitement among consumers. The Mortgage Bankers Association reported that total mortgage application volume only rose by 0.9% compared to the previous week. The average contract interest rate for 30-year fixed-rate mortgages also decreased slightly to 6.94%. However, this minimal drop did not lead
After a significant rally in megacap stocks such as Nvidia, Broadcom, and Eli Lilly, there is now a growing concern that these stocks may be overvalued. While the S & P 500 and Nasdaq Composite indexes have reached all-time highs, the steep uptrend in certain megacap stocks has raised red flags for some investors. Nvidia