Category Archive: Finance, No picture
The Middle Class Is Getting Destroyed, While Assets Are 40% Overvalued
Image Source: Pexels With the market now expecting less than 2 rate cuts this year — perhaps none at all until next year according to Bank of America — what does that mean for the economy?Can it handle “higher for even longer” interest rates without slowing markedly?Or, even worse, something systemic breaking?And what impact will these […]
Wormhole’s W token goes live on EVM chains
Wormhole launched today its native W token on Ethereum Virtual Machine-compatible blockchains, such as Ethereum, Arbitrum, Optimism, and Base, according to a blog post. This development is facilitated by Wormhole Native Token Transfers (NTT), allowing users to transfer W tokens across these different chains, on top of Solana.The recent launch marks the completion of the […]
Grains Report – Thursday, April 25
WHEAT General Comments: Wheat was higher yesterday and trends are up in all three markets. The weather is the key, with extreme dryness reported in Russia and parts of the US and too wet conditions reported in Europe. The weekly export sales report showed poor sales once again. The problems with Russian Wheat exporters continue […]
Amazon Stock Reiterated At ‘Buy’ Ahead Of Earnings
Image Source: Unsplash A 10% decline in shares of Amazon.com Inc (Nasdaq: AMZN) in recent weeks is an opportunity to buy a quality name at a discount, says a UBS analyst. Amazon stock has upside to $215 Stephen Ju reiterated his “buy” rating on the tech behemoth this morning and raised his price objective to $215 which suggests […]
Memecoins are ‘undermining’ the long-term vision of crypto, a16z CTO says
The proliferation of memecoins and token projects on various blockchains have captivated investors. Whether its for their whimsical nature, or for their potential to catch quick leverages and make life-changing profit, memecoins have been controversial in the crypto industry and continue to be so.Eddy Lazzarin, the Chief Technical Officer at Andreesen Horowitz (a16z) Crypto, has […]
S&P 500 Earnings Dashboard 24Q1 – Thursday, April 25
Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 24Q1 Y/Y adjusted blended earnings growth estimate is 7.4%. If the energy sector is excluded, the growth rate for the index is 7.0%. Please note that the 24Q1 year-over-year growth rate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. […]
FTSE Prints New Record Highs Boosted By Blue Chip Earnings Beats
Image Source: Pexels The FTSE 100 in Britain reached a new all-time high on Thursday, driven by a surge in miner Anglo American’s stock following a buyout offer from BHP Group. Additionally, investors were pleased with the strong financial results from several leading companies such as Unilever, AstraZeneca, and Barclays. Following BHP’s announcement of a buyout […]
Here’s What Wall Street Is Saying About Snap Ahead Of Earnings
Image Source: Unsplash Snap (SNAP) is expected to report results of its first quarter on Thursday, October 25, with a conference call scheduled for 5:30 pm EDT. What to watch for: GUIDANCE THE BIGGEST UNKNOWN: BofA lowered the firm’s price target on Snap to $14 from $16, while keeping a Neutral rating on the shares. The firm expects a […]
Centralized crypto exchanges see $2 trillion surge in trading volumes in Q1: CoinGecko
Centralized exchanges registered a crypto trading volume of over $4 trillion in the first quarter, according to a report by data aggregator CoinGecko. Binance recovered its market share gradually during Q1 to reach 49.7% in March, when the exchange registered $1.1 trillion in trading volume, marking a 131% increase from the previous month.The report highlights […]
American Airlines Swings To A Loss, But Tops Estimates For Q2 Forecast
Image Source: Unsplash CNBC’s Phil LeBeau joins ‘Squawk Box’ to report on the airline’s quarterly earnings results.Video Length: 00:01:38More By This Author:Lockheed Martin (LMT) Beats On Top And Bottom Lines Morgan Stanley Jumps On Earnings Beat Nvidia Posts Q4 Beat On Revenue And Earnings
