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Broadcom (AVGO) Jumps to Record Highs on Earnings Blowout, $10-Billion AI Deal

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We recently published Monstrous Gains: 10 Stocks Leaving Wall Street in the Dust. Broadcom Inc. (NASDAQ:AVGO) is one of the best performers on Friday.

Broadcom Inc. rallied for a fourth straight day on Friday to hit a new all-time high, as investors cheered its stellar earnings performance and bagging of a $10 billion deal with an artificial intelligence firm.

In intra-day trading, the company jumped by as much as 16.4 percent to touch its highest 52-week price of $356.24, before trimming gains to end the day just up by 9.41 percent at $334.89 each.

Jim Cramer Says Sell Lam Research Corporation (LRCX) Only If You Know When To Get Back In
Jim Cramer Says Sell Lam Research Corporation (LRCX) Only If You Know When To Get Back In

In an earnings report, Broadcom Inc. (NASDAQ:AVGO) said it swung to a net income of $4.14 billion from a $1.87 billion net loss in the same period last year. Net revenues grew 22 percent to $15.95 billion from $13.07 billion year-on-year, on the back of continued strength in AI accelerators, networking, and VMware.

The AI segment alone contributed $5.2 billion in revenues, marking a 63-percent jump year-on-year. It is expected to further jump to $6.2 billion in the fourth quarter of the year.

In a call with analysts, Broadcom Inc. (NASDAQ:AVGO) CEO Hock Tan announced that the company secured a $10 billion custom chip supply deal with an unnamed AI giant, but it was reported by Financial Times to be OpenAI.

According to Tan, the semiconductor giant will ship pretty strongly beginning 2026.

By the end of the month, common shareholders of Broadcom Inc. (NASDAQ:AVGO) as of September 22 are set to receive a quarterly dividend of $0.59 for every common share held. The dividends are payable on September 30, 2025.

While we acknowledge the potential of AVGO  as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

Arrests at pro-Palestine Action protest rise to 890

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Police say 890 people were arrested at a demonstration against the ban on the group Palestine Action in London on Saturday.

The majority of the arrests were for supporting a proscribed group under the Terrorism Act, while the Metropolitan Police said there were also a “significant” number of arrests made “after the protest turned violent”.

The government proscribed Palestine Action under anti-terrorism legislation in July, making membership of or support of the group a criminal offence, punishable by up to 14 years in prison.

The number of arrests at the London demonstration has risen from the 425 announced on Saturday.

The Met said 857 arrests were for showing support for Palestine Action, while 33 were arrested for other offences, including 17 for assaults on police officers.

The protest saw hundreds of people gather in central London before writing messages in support of the proscribed group on placards at 13:00 BST. Officers began arresting people taking part shortly after.

The Met said most were taken to custody as they refused to provide their details or were found to have been on bail.

Deputy assistant commissioner Claire Smart said: “The violence we encountered during the operation was coordinated and carried out by a group of people, many wearing masks to conceal their identity, intent on creating as much disorder as possible.”

Defend Our Juries, which organised the rally, said officers had “violently assault[ed] peaceful protesters including the elderly, in order to try and arrest over a thousand people for holding cardboard signs”.

They said the demonstration showed the Palestine Action ban was “impossible to enforce and a preposterous waste of resources”.

Didn't win the Powerball jackpot? Your ticket may still be a winner

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(NEXSTAR) — Unless you purchased your Powerball ticket in Missouri or Texas, you likely didn’t win the $1.787 billion jackpot during Saturday’s drawing. But don’t throw away your ticket just yet.

While only two tickets matched the necessary numbers to win the second-largest lottery jackpot in U.S. history, Powerball officials said more than 9.9 million tickets won cash prizes in Saturday’s drawing.

Not including the jackpot, there are eight ways to win while playing Powerball, giving you a 1 in 24.87 chance of winning any money.

After the jackpot, the largest standard prize is $1 million, won if you match all five main numbers but not the Powerball. Saturday’s drawing produced 18 such winners: two each in California, Illinois, New York, Ohio, and Texas (though California’s payout may be larger), and one each in Colorado, Florida, Kansas, Massachusetts, Michigan, New Jersey, Oregon, and West Virginia.

A Power Play, which costs an extra $1 per play, increases your non-jackpot prize by 2, 3, 4, 5, or 10 times. The multiplier — 2X on Saturday — is randomly selected before each drawing, and the 10X multiplier is only available when the jackpot is advertised at $150 million or less.

The Power Play allowed two tickets, one each in Kansas and Texas, to turn their $1 million prizes into $2 million payouts, Powerball officials confirmed.

The next-largest prize in Powerball produces $50,000, if you match four numbers and the Powerball — 17 in Saturday’s drawing. There were 232 tickets that did just that on Saturday, plus another 90 tickets that doubled their payouts with the Power Play option.

Matching even fewer numbers can still turn a profit. If you match three main numbers and the Powerball, or four main numbers without the Powerball, you’ve won $100. Matching two of the main numbers and the Powerball, or three main numbers, will score you a $7 prize.

The smallest prize available is $4. To win this, you need to match the red Powerball number or match one white ball number and the Powerball number.

If your ticket has matched any numbers, regardless of the possible prize size, be sure to hang onto it and sign it. Where you can claim your prize and how long you have to do so will vary based on where you live.

Best high-yield savings interest rates today, September 7, 2025 (Earn up to 4.36% APY)

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Find out how much you could earn with today’s savings rates. Interest rates on savings accounts have been falling, so it’s important to be sure you’re getting the best rate possible when shopping around for a savings account. The following is a breakdown of savings interest rates today and where to find the best offers.

The national average savings account rate stands at 0.39%, according to the FDIC. This might not seem like much, but consider that three years ago, it was just 0.06%.

Although the national average savings interest rate is fairly low compared to other investments, the best savings rates on the market today are much higher. In fact, some of the top accounts are currently offering 4% APY and up.

As of September 7, 2025, the highest savings account rate available from our partners is 4.36% APY. This rate is offered by Healthcare Bank.

Here is a look at some of the best savings rates available today from our verified partners:

The amount of interest you can earn from a savings account depends on the annual percentage rate (APY). This is a measure of your total earnings after one year when considering the base interest rate and how often interest compounds (savings account interest typically compounds daily).

Say you put $1,000 in a savings account at the average interest rate of 0.39% with daily compounding. At the end of one year, your balance would grow to $1,003.91 — your initial $1,000 deposit, plus just $3.91 in interest.

Now let’s say you choose a high-yield savings account that offers 4% APY instead. In this case, your balance would grow to $1,040.81 over the same period, which includes $40.81 in interest.

The more you deposit in a savings account, the more you stand to earn. If we took our same example of a high-yield savings account at 4% APY, but deposit $10,000, your total balance after one year would be $10,408.08, meaning you’d earn $408.08 in interest. ​​

Read more: What is a good savings account rate?

Senate GOP frustration grows after quick exits of key Trump officials 

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Senate Republicans are growing increasingly frustrated after a series of President Trump’s nominees tapped to key posts have been ousted or have left after only a short stint in office, leaving lawmakers scratching their heads after they poured considerable time and effort into their confirmations. 

At least five such people have departed for various reasons, but a majority have left after dust-ups with key administration officials. Former Centers for Disease Control and Prevention (CDC) Director Susan Monarez and ex-IRS Commissioner Billy Long serve as prime examples.

This is grating on GOP members, who have complained loudly about having to use the full Senate clock to confirm nominees because of a Democratic blockade and would prefer to not waste their time only to see a confirmed figure go belly up in short order. 

“It reminds me of Spinal Tap concerts. … It’s like every time we turn around, somebody’s blowing up,” Sen. Thom Tillis (R-N.C.) said. “It’s just not a very efficient use of resources.” 

The problem came increasingly into view over the past few weeks after Monarez, who was confirmed days before the Senate departed for the monthlong August recess, was ousted from her post atop the CDC after she ran afoul of Health and Human Services Secretary Robert F. Kennedy Jr. 

Monarez wrote in an op-ed ahead of Kennedy’s tense appearance before the Senate Finance Committee this past week that she was removed after refusing to “preapprove the recommendations of a vaccine advisory panel newly filled with people who have publicly expressed antivaccine rhetoric.” 

Her tenure did not last a month, and she was fired before the Senate could even return after Labor Day, something Tillis referenced to Kennedy during the hearing.

“How do you [make this decision] in 20 business days? Really?” Tillis told The Hill. “That you found out something about her you couldn’t have known 25 business days ago so we didn’t waste the time. We could have spent it on something more productive and enduring.” 

Senate Majority Leader John Thune (R-S.D.) also sounded off at Kennedy’s quick trigger.

“He’s got to take responsibility for, you know: We confirm these people. We go through a lot of work to get them confirmed. And they’re in office a month?” Thune told reporters last week.

Less than three weeks before Monarez’s exit, Long, a former Missouri congressman, was removed by Trump as IRS commissioner after reportedly clashing with Treasury Secretary Scott Bessent. Long’s tenure didn’t hit the two-month mark, having been confirmed in mid-June before his early August removal. 

Bessent is in charge of the IRS while the search for a new nominee to lead the tax collecting agency continues. Long was nominated to become ambassador to Iceland. 

The Treasury Department was also affected when Michael Faulkender was excised from his post as deputy secretary and Bessent’s No. 2 less than five months after receiving the Senate’s green light. 

According to The Wall Street Journal, Trump soured on Faulkender and came to believe he was not aligned with his overall vision. Faulkender, who served as assistant secretary of the Treasury Department for economic policy during Trump’s first term, was tasked with running the department’s day-to-day operations this go-around. 

“I worry that … with the churning in personnel, it makes things more challenging for the Trump administration,” Sen. John Cornyn (R-Texas) said about the quick ouster of the nominees. “If you don’t have any stability in these positions, that seems to me to be a challenge.” 

“Again, the president’s got the right to pick his team, and I support that,” he added.

On top of the trio, at least two other nominees went through the confirmation process only to either get yanked at the last minute or get the OK from the upper chamber and leave on their own months later. 

Jared Isaacman falls into the first bucket, having had his nomination to lead NASA pulled on May 31 as he was knee deep in the Senate confirmation process

Isaacman was purportedly removed due to contributions to Democrats in recent years, but the timing coincided with the end of Elon Musk’s tenure at the White House as a special government employee. The two are close allies. 

The withdrawal of his nomination also came days before he was set to be confirmed by senators. He had already been approved by the Senate Commerce, Science and Transportation Committee with bipartisan support. 

There was also swift turnover at the Department of Justice (DOJ) in a key post. Aaron Reitz, Sen. Ted Cruz’s (R-Texas) former chief of staff, was confirmed in March to a top DOJ job along partisan lines, but he departed in mid-June. One day later, he announced his much-rumored bid to become the next attorney general of Texas. 

“They have been noticed,” one Senate GOP aide said about the string of swift firings and departures.

The vacancies come amid a high-stakes backdrop in the upper chamber as Republicans have cried foul at the ongoing Democratic blockade, which has prevented any Trump nominees from being confirmed via voice vote or unanimous consent — a major sea change from past Senate business. 

Republicans are widely expected to change the rules in the next two weeks to allow them to confirm scores of Trump’s nominees awaiting floor consideration en bloc. 

However, the logjam has forced Republicans to run the clock in full for all the previous nominees, and not all nominees will be eligible for en bloc consideration. 

“It happens from time to time,” said Sen. Shelley Moore Capito (W.Va.), a member of GOP leadership, adding that it’s nothing “unusual.” “But it would be nicer to have these dust-ups before we did burn the time.”

Republicans also concede that there is little they can control once an official is confirmed.

“There’s not much I can do about it,” Thune added to The Hill.

At 60, my wife and I have $2M saved for retirement. We feel ready for a change — but is it too soon to retire?

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There’s a lot to consider when planning for retirement. Things like retirement savings and Social Security are often top of mind, but deciding when to retire can also be a tough thing to figure out.

That’s exactly the position Joyce and Gina find themselves in. They’re both 60 years old and had planned to work a few more years before retiring. However, restructuring and uncertainty at work has the couple rethinking their original plan.

They currently have $2 million in retirement savings and a low-cost lifestyle, so the big question becomes: do they really need to keep working, or can they retire early?

There’s no standard retirement savings number that works for everyone. In fact, it all depends on how much money they’ll need in retirement. To figure out if Joyce and Gina are financially ready to retire now, let’s get into the numbers.

According to a 2024 survey from Northwestern Mutual — reported by CBS News — the average American believes they’ll need $1.26 million to retire comfortably. That figure is actually down slightly from 2024, when the estimate was $1.46 million [1].

With $2 million in savings, Joyce and Gina are well ahead of that $1.26 million figure. If they were to retire today and withdraw 4% in the first year — while adjusting for inflation each subsequent year — that would give them $80,000 to spend in that first year of retirement.

Assuming a 4% annual withdrawal rate, 2.5% average annual inflation and a 6% average annual portfolio return, Joyce and Gina would be able to withdraw $88,200 in year five of retirement while their savings would sit at $2.03 million. In year 10, they’d be able to withdraw $99,700 with $2.1 million left in their savings.

By age 90, they’d still have a meaningful cushion — around $1.01 million, with a 4% annual withdrawal rate coming in at $163,000 — assuming the markets perform reasonably well and inflation stays moderate.

This plan also doesn’t include Social Security, which could add a significant income stream later in retirement. Assuming the 4% withdrawal rate mentioned above works for their lifestyle, Joyce and Gina can comfortably retire now while waiting until they turn 70 to apply for Social Security.

Japan’s Prime Minister Shigeru Ishiba resigns

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Japan’s Prime Minister Shigeru Ishiba has announced he is stepping down after less than a year in the role, following two major election losses.

The move comes a day before his Liberal Democratic Party (LDP) was expected to vote on whether to hold an internal leadership vote that could have forced him out.

The LDP has governed Japan for almost seven decades, but under Ishiba it lost its majority in the lower house for the first time in 15 years and then lost its majority in the upper house in July.

Japan, the world’s fourth-largest economy and a key US ally, now faces a period of political uncertainty as tensions rise with China and regional insecurity mounts.

“Now that a conclusion has been reached in the negotiations concerning the US tariff measures, I believe this is precisely the appropriate time”, Ishiba said, referring to a deal signed last week to ease tariffs imposed by US president Donald Trump on Japanese cars and other exports.

Until Sunday, he had resisted calls to resign, saying it was his responsibility to settle the dispute with Washington before stepping down.

“I have strongly believed that negotiations concerning the US tariff measures, which could be described as a national crisis, must be brought to a conclusion under our administration’s responsibility,” he said.

The 68-year-old said he would continue his responsibilities “to the people” until a new prime minister was selected.

Ishiba, who took office in October 2024 promising to tackle rising prices, struggled to inspire confidence as the country faced economic headwinds, a cost-of-living crisis and fractious politics with the US.

Inflation, particularly the doubling of rice prices in the last year, was politically damaging.

Public support further slid after a series of controversies, including criticism of his decision to appoint only two women to his cabinet and handing out expensive gifts to party members.

Streaming the NFL? It’s going to cost you                                        

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If you want to be able to watch all of the NFL’s action this season, it’s going to cost you. 

NFL games will be broadcast on Fox, CBS, NBC, Amazon, YouTube, Netflix and ESPN as more media companies use the league’s broad popularity to lure viewers to their direct-to-consumer streaming apps and subscriber services.   

And as these media companies use the nation’s most popular sports league to get people to subscribe to their streaming services, the cost of watching all the games is rising. 

Consumers who wish to watch every single NFL game this season will have to pay upwards of $750 to do so, according to estimates by Forbes, which noted the league’s games will air on ten different platforms during the 2025-26 season.   

The most expensive of these packages is NFL Sunday Ticket, available through traditional cable providers or Google’s YouTubeTV for nearly $400 a season.   

YouTube is just one of a number of new players that are getting into the game. 

Amazon and Netflix also will be televising some games this year, and the only way to see them will be to pay for their services. 

Netflix plans in the U.S. range from $6.99 to $24.99 per month while a subscription to Amazon’s streaming service will run customers $14.99 per month or $139 per year.  

Amazon burst onto the NFL scene in 2021, signing a multi-billion-dollar media rights deal with the league to broadcast Thursday Night Football, Black Friday and other select games through the 2033 season.  

Netflix, which has made a major push into live streamed sports, broadcast last season’s Christmas Day games, with more than 20 million viewers tuning in to the double-header action during the holiday.  

The streamer will again this Christmas broadcast two NFC divisional rivalry games: the Dallas Cowboys vs. the Washington Commanders, and the Detroit Lions vs. the Minnesota Vikings. 

One unique characteristic of the NFL compared to other pro sports leagues is games are available for free over broadcast antenna in the local markets of each team playing in a select game.  

This will be the case on Friday evening, when the powerhouse Kansas City Chiefs take on the AFC West rival Los Angeles Chargers, a game played in Brazil as part of the NFL’s push into international markets and streamed for free on YouTube.  

Meanwhile, an increasing number of traditional media companies are hoping NFL football will help buoy their fledgling direct-to-consumer streaming platforms, like Paramount+ “Fox One,” ESPN+ and others, as more viewers cut cable in favor of streamed sports content.   

Fox and CBS currently each have deals with the NFL to show weekly games on Sunday afternoons in the home markets of NFL franchises, but many observers see the current deals, which end in 2033, as one of the last that will be broadcast on linear television.  

NBC’s broadcast Thursday night’s opening game between the Dallas Cowboys and Philadelphia Eagles on linear broadcast, but also Peacock, which runs consumers $16.99 a month or $169.99 per year.  

The Comcast-owned network also broadcasts Sunday Night Football, one of the highest-rated television shows each week during the fall. 

Whatever technology these legacy media companies and new tech streamers use to bring NFL games to fans, the demand for the league’s content is undeniable.  

Last year, more than 90 of the top 100 television broadcasts were NFL games, signaling the league remains the single largest driver of audience across the media business.   

“This is part of our broader strategy of making this a global game,” Hans Schroeder, the NFL’s EVP for Media Distribution, said during a recent interview with podcaster Richard Deitsch. “We’re playing more games, in more places in more windows … we couldn’t do that if we didn’t change the structure of our media deals.”   

There are signs the NFL is interested in getting into deeper business with some of the largest media companies in the world.  

The league signed a $2 billion agreement with Disney earlier this summer to sell the league’s “RedZone” brand to ESPN, giving the NFL a 10 percent stake in the Disney-owned sports media giant.    

And though the trend of more games on more platforms is leading to some confusion among NFL fans, nobody is expecting anyone to tune pro football out anytime soon. 

“Everyone seems to be testing the same line in terms of what the consumer is willing to absorb,” said John A. Fortunato, an expert in sports media and business at Fordham University. “The NFL pretty clearly hasn’t gotten to that line yet. Whatever you think of them now, media is how the NFL grows … and this is the economic reality of how popular that league is.”   

Investors Eye Marvell’s (MRVL) Next Moves as Analysts Reaffirm $90 Target

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Marvell Technology, Inc. (NASDAQ:MRVL) is one of the AI Stocks to Watch Out For in 2025On August 29, TD Cowen analyst Joshua Buchalter reiterated a Buy rating and $90.00 price target on the stock.

TD Cowen’s analysis reflects concerns regarding Marvell’s custom silicon business which is expected to decline in the October quarter before bouncing back in the January quarter.

Investors may not like the F3Q downtick, and are more interested in follow-on wins that they need to see to believe.

“Lack of Upside and Still the Same Questions Makes for a Tough Quarter; An in-line print/guide with custom silicon signaled down in OctQ due to “lumpiness” before growing in JanQ. The F3Q downtick amid supply chain noise is unlikely to be well-received given uncertainty on follow-on wins that investors likely need to see to believe. Outside custom, electro-optics strength remains a bright spot with secular pull, and ex-datacenter segments are rebounding. Buy, $90 PT.”

Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers.

While we acknowledge the potential of MRVL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Must-Watch AI Stocks on Wall Street and 10 AI Stocks Investors Are Watching Closely.

Disclosure: None.

Thousands take part on Tyneside

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Jason Arunn Murugesu & Catherine LeeBBC News, North East and Cumbria

North News Dozens of people in running gear standing my model of green Tyne Bridge. They are all smiling and posing for the camera. North News

About 60,00 runners have entered, according to organisers

Thousands of runners have descended on Tyneside and are taking part in the Great North Run – one of the biggest half marathons in the world.

It is the 44th staging of the race, which starts in Newcastle, heads through Gateshead and South Tyneside before finishing in South Shields.

About 60,00 runners have entered, and will be cheered on by more than 200,000 supporters lining the 13.1-mile (21km) route.

As is traditional, there are famous faces at the start line to see off the runners – this year it is Newcastle United’s Jacob Murphy and Nick Pope.

The Great North Run’s founder, Sir Brendan Foster, said the event was “more popular, more famous, more in demand…the whole dimension of the thing is much bigger.

“Interestingly, the age group is changing slightly, with more young people now taking up running,” he said.

“The first Great North Run there were 8% of women running, last year 49% of the runners were women.

“I’m just so happy it’s taking place here in the North East, it has become iconic.”

PA Media Crowds of runners, wearing colourful tops, run across the Tyne Bridge. A set of planes (Red Arrows) can been in the blue sky, leaving a trail of white, red and blue markings in the sky.PA Media

The Red Arrows are set for a flyover at the start of the race, and a display at the finish

Broadcaster and fitness coach Joe Wicks is among those taking part.

He was also one of the starters at Saturday’s Junior Great North Run, which saw more than 12,000 children race.

Wicks, who turns 40 later this month, said: “It’s all about moving. I’m not here to run fast.”

Boxer Tommy Fury is also taking part. He said his body was “really feeling it” after running a triathlon last weekend. “[I am] just looking to get over the line in one piece to be honest,” he said.

North News Joe Wicks, who has swept back long dark hair, a close cropped dark beard and wearing a short sleeved black t-shirt. He is holding some kind of klaxon and behind him is a red bell hanging from a red stand. North News

Joe Wicks sounded the horn for the start of the Junior Great North Run event

Professionals taking part include Eilish McColgan, who is hoping to follow in her mum’s footsteps with a win.

The elite wheelchair race began at 10:20 BST, followed by elite women at 10:25, the visually impaired race at 10:27 and elite men and masses at 10:50.

Waves for the masses continue until about 12:00, with many taking part in the race to raise money for charities.