financetom
News
World
Environment
Technology
Politics
Retail
Business
Economy
Market summary >
Editors' picks >
News >
World >
Market >
Environment >
Technology >
Broadcom raises annual AI revenue estimate on demand for custom chips
Broadcom raises annual AI revenue estimate on demand for custom chips
Sep 6, 2024
(Reuters) -Chipmaker Broadcom raised its forecast for fiscal 2024 artificial intelligence revenue, citing higher demand for networking equipment and growing orders for its custom chips business. However, the company reported a loss of $1.88 billion in the quarter on a GAAP basis, compared with a profit of $3.30 billion a year ago. Shares of the Irvine, California-based company fell more...
This Is What Whales Are Betting On Unity Software
This Is What Whales Are Betting On Unity Software
Sep 6, 2024
Whales with a lot of money to spend have taken a noticeably bullish stance on Unity Software ( U ). Looking at options history for Unity Software ( U ) we detected 12 trades. If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with...
GRAPHIC-Foreigners retreat from Asian equities on doubt over tech valuations
GRAPHIC-Foreigners retreat from Asian equities on doubt over tech valuations
Sep 6, 2024
Sept 4 (Reuters) - Overseas investors aggressively withdrew from Asian tech stocks in August, as they turned pricey after their recent rally and doubts emerged about the profitability of AI investments. According to LSEG data, foreigners sold a net $3.8 billion worth of regional shares in South Korea, India, Taiwan, Indonesia, Vietnam, Thailand, and the Philippines last month, after two...
Broadcom shares slump as revenue target disappoints investors hoping for big AI boost
Broadcom shares slump as revenue target disappoints investors hoping for big AI boost
Sep 6, 2024
(Reuters) - Broadcom's ( AVGO ) shares slid about 9% in premarket trading on Friday, after the chipmaker's revenue forecast spooked investors betting on robust demand for AI chips to drive strong growth. The chip major posted big declines in revenues from its broadband and non-AI networking divisions on Thursday, offsetting a hike in its forecast for AI chip sales....
Personal Finance >
Politics >
Retail >
Business >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Economy >
Cryptocurrency >
Ripple (XRP) Price Predictions: $4 in Sight After Ripple’s SEC Victory?
Ripple (XRP) Price Predictions: $4 in Sight After Ripple’s SEC Victory?
Aug 8, 2025
TL;DR XRP gains 9% daily after Ripple settles with SEC, boosting confidence across crypto markets. Whale wallets show mixed signs; exchange reserves fall while large transfers remain unusually high. XRP holds above $3.20 support with bullish momentum; RSI nears overbought, but trend still intact. The following presents multiple Ripple (XRP) price predictions given the above context. Ripple (XRP) Price Predictions:...
Bitcoin Price Analysis: is BTC About to Hit $120K or $110K Next?
Bitcoin Price Analysis: is BTC About to Hit $120K or $110K Next?
Aug 8, 2025
Bitcoin continues to consolidate above the $116K level as bulls attempt to defend critical support following a pullback from the $123K all-time high. While the broader uptrend remains intact, recent price action reflects uncertainty and tightening range dynamics. With macroeconomic tensions rising and risk sentiment mixed, BTCs next major move could be triggered by key technical levels. Technical Analysis By...
Paxos Settles with NYDFS for $48M Over Binance and AML Violations
Paxos Settles with NYDFS for $48M Over Binance and AML Violations
Aug 8, 2025
Paxos has agreed to pay $48.5 million to the New York Department of Financial Services (NYDFS). This is to resolve allegations related to inadequate due diligence on its former partner, Binance, and failures in its anti-money laundering program. NYDFS Probe Finds Paxos Lacked Oversight According to an August 7 press release, the terms of the settlement require the stablecoin issuer...
Bitcoin Stagnates, Altcoins Thrive on Major Regulatory Developments in the US: This Week’s Crypto Recap
Bitcoin Stagnates, Altcoins Thrive on Major Regulatory Developments in the US: This Week’s Crypto Recap
Aug 8, 2025
The past seven days were quite tumultuous, to say the least. The cryptocurrency market went through a period of enhanced volatility, and even though Bitcoin is trading flat at the end of it, this doesnt show the full picture. This time last week, BTC was going through a considerable correction, which resulted in a crash to around $112,000 on August...
Forex >
Copyright 2023-2025 - www.financetom.com All Rights Reserved