Author: iannouncethis.com

Justin Sullivan Investment Thesis My previous Broadcom (NASDAQ:AVGO) bullish earnings preview aged extremely well, because the stock surged after the strong previous earnings release. Since early December 2023, the stock rallied by more than 50%, substantially outpacing the broader U.S. market. Today, I want to update my thesis about the company, and it is pre-earnings period for AVGO once again. Therefore, I am also previewing the upcoming earnings release as well. AVGO delivered a solid previous quarter and a massive revenue growth in Q4 is projected by consensus. On the other hand, the bottom line is expected to be almost…

Bitcoin was 8% shy of its all-time high levels. The OI on the CME exchange has more than tripled since October 2023. Bitcoin [BTC] topped $64k during U.S. evening/early Asia morning hours before quickly reversing back to the $63k zone, as the prized digital asset proceeded swiftly to its all-time high (ATH) levels. At press time, it was trading at $63,612, 8% shy of the peak, according to CoinMarketCap. Institutional interest shows no signs of abating The ongoing rally, powered by strong institutional interest, has sent Bitcoin 43% higher since the start of 2024. The Open Interest (OI) in BTC…

Nearly 4,000 people were recorded as sleeping rough last year, a 27% year-on-year increase, Shelter analysis of government data shows. There are 142,490 children who are homeless, rising by 16,960 (14%) in a year. Meanwhile 109,000 households are homeless in temporary accommodation. another record high figure and up 10% in a year. With a general election on the horizon, Shelter called for political parties to build 90,000 social homes a year, with rents tied to local incomes, in a bid to improve the current homeless situation. Polly Neate, chief executive of Shelter, said: “Today’s figures are further proof that the…

U.S. military C-130 cargo planes on Saturday dropped food in pallets over Gaza, three U.S. officials said, two days after more than 100 Palestinians who had surged to pull goods off an aid convoy were killed during a chaotic encounter with Israeli troops. Three planes from Air Forces Central dropped 66 bundles containing about 38,000 meals into Gaza at 8:30 a.m. EST, according to two of the officials, who spoke on condition of anonymity before a public announcement. The airdrop is expected to be the first of many announced by President Joe Biden on Friday. The aid will be coordinated…

CNBC’s Diana Olick joins Eamon Javers and ‘The News with Shepard Smith’ to report that realtors and builders are saying the U.S. has entered a housing recession. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to…

Bitcoin ETFs lost their momentum amid heavy outflows from GBTC. On February 29, 2024, the number stood at $599 million. Since the US Securities & Exchange Commission announced the launch of Spot Bitcoin ETFs on January 10, 2024, this is the second-highest outflow. Nevertheless, BlackRock and Fidelity continued to see an upward trend in their inflow columns. IBIT, iShares Bitcoin Trust by BlackRock, recorded an inflow of $612.1 million. This is an increase from the $520.2 million recorded on February 28. FBTC, Fidelity Wise Origin Bitcoin Fund by Fidelity, registered an inflow of $245.2 million, up from $126 million as…

The number of landlords falling into arrears has climbed by 93% in a single year, research from lender Octane Capital has revealed. This was that far higher than the 22% increase seen in homeowner arrears. However eight times more homeowners fell into arrears in 2023 than landlords – so this development merely means the gap is closing between the two. Jonathan Samuels, chief executive of Octane Capital, said: “Interest rates remain at their highest since 2008 and it’s clear that while we haven’t seen the base rate increase since August of last year, both landlords and homeowners alike are struggling…

AMC Networks Inc. AMCX, +1.62% shares fell 3.6% in premarket trades Friday after the company’s fourth-quarter revenue took a hit from falling subscriptions. The network that’s home to “The Walking Dead” franchise reported a net loss of $11.4 million, or a loss of 50 cents a share, compared with a net loss of $391.6 million, or a loss of $6.11 a share in the prior year’s quarter. On an adjusted basis AMC Networks earned 72 cents a share. Analysts surveyed by FactSet were looking for earnings of 68 cents a share. AMC Networks reported revenue of $678.8 million, compared with…

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Listen to this story. Enjoy more audio and podcasts on iOS or Android.Your browser does not support the <audio> element.IT HAS BEEN nearly a year since OpenAI released GPT-4, its most sophisticated artificial-intelligence model and the brain-of-sorts behind ChatGPT, its groundbreaking robot conversationalist. In that time the market capitalisation of America’s technology industry, broadly defined, has risen by half, creating $6trn in shareholder value. For some tech firms, growing revenue is starting to match sky-high share prices. On February 21st Nvidia, which designs chips used to train and run models like GPT-4, reported bumper fourth-quarter results, sending its market value…