Category Archive: Finance, No picture
Caterpillar Inc. Reports EPS Beat In Q1, Misses Slightly On Revenue
Image Source: Unsplash Caterpillar Inc. (NYSE: CAT), a leading manufacturer of construction and mining equipment, announced its first-quarter results for 2024. The results revealed a mixed performance that showcased resilience in a challenging market. Despite a slight drop in sales and revenues, the company achieved a record adjusted profit per share and strong cash flow, underscoring its operational […]
Meta Commentary – Thursday, April 25
Image Source: Unsplash Meta Crashes 12%Shares in iconic US tech company Meta (parent of Facebook) are trading heavily lower ahead of the US open today. The stock is currently almost 13% down from yesterday’s closing price as traders digest the details of Meta’s Q1 earnings, which came out after the bell yesterday. On the numbers front, […]
The Jones Act: Consequences Of A Destructive Industrial Policy
Image Source: Pexels The United States has had an industrial policy aimed at boosting its domestic shipbuilding industry since the passage of the Merchant Marine Act of 1920, commonly known as the Jones Act. Whatever the arguments for the passage of the bill a century ago, it has over time been a disaster for the US […]
Top FSC Democrat says stablecoin bill is imminent
Representative Maxine Waters, the top Democrat on the Financial Services Committee, has expressed optimism about reaching a deal on stablecoin regulation in the near future, following extensive discussions with key stakeholders in Congress and various government agencies.In an interview on Bloomberg Television’s “Balance of Power,” Waters stated that she and Committee Chairman Patrick McHenry, a […]
The Government Spent $11 Trillion
Image Source: Pexels Uncle Sam tried his best to buy a recovery. The sheer amount of money redistributed by the federal govt the past four years is incomprehensible. Here’s the thing: the transfers didn’t stop in 2021. A huge chunk of them kept going right on to today. And still, it wasn’t enough to stabilize an […]
Morgan Stanley mulls allowing brokers to recommend Bitcoin ETFs
Morgan Stanley is considering allowing its 15,000 brokers to recommend Bitcoin exchange-traded funds (ETFs) to clients, reported AdvisorHub on April 24.The financial institution had initially approved Bitcoin ETF purchases following regulatory approval earlier this year. However, clients had to proactively request these products from advisors.Now, Morgan Stanley is weighing a shift to let brokers actively […]
Gold & Silver Could Spike In Next 12-18 Months
Image Source: Unsplash Jeffrey Christian, Founding and Managing Director of CPM Group, a precious metals consultancy has followed, covered, and advised on Gold and Silver for decades.He thinks the second half of 2024 will be stronger than the first for both metals and he says they have the potential to spike in the next 12 to […]
QCOM Wants To Create Competition In The AI Chip Market
Image Source: Unsplash At Wednesday’s close, the Dow Jones Industrial Average (US30) was down 0.11%, while the S&P 500 Index (US500) was up 0.02%. The Nasdaq Technology Index (US100) closed positive 0.10%. The US stock indices traded mixed, with the S&P 500 (US500) and Nasdaq (US100) hitting weekly highs. Strengthening technology stocks provided support for the overall market. However, the broader market’s gains were limited […]
FX Daily: When The Second Decimal Place Counts
Image Source: Unsplash There will be quite a lot of attention on today’s first quarter US core GDP price deflator and what it means for tomorrow’s release of the March core PCE figure. Analysts will be looking at the second decimal point on today’s release to infer whether tomorrow’s number is on consensus at 0.3%, 0.4% or […]
Gold Price Lacks Firm Intraday Direction, Holds Steady Above $2,300 Ahead Of US Data Daily Digest Market Movers: Gold price struggles to gain traction amid hawkish Fed expectations Technical Analysis: Gold price bears need to wait for acceptance below $2,300 before placing fresh bets
Gold price (XAU/USD) extends its consolidative price move above the $2,300 mark during the Asian session on Thursday as traders more cues about the Federal Reserve’s (Fed) rate-cut path before placing fresh directional bets. Hence, the focus will remain glued to key US macro data – the Advance Q1 GDP report due later today and […]
