Author Archive: Jeremy Parkinson
Grant Yun’s debut NFT collection on Solana sells out in 9 minutes
Digital artist Grant Yun debuted his non-fungible token (NFT) collection “Life in Japan” on Solana’s marketplace Exchange Art on April 18, through the drop “A Bright Spring Day”. The NFTs sold out within nine minutes after the mint became public. The collection delves deeply into memories from his time in Korea and frequent visits to […]
GDP, Nowcasts, And Est’d GDO, GDP+, And Final Sales
Following up on Jim’s post yesterday, thoughts on measurement error and prospects. Note that GDP surprised on the downside, at 1.6 ppts q/q AR vs. consensus 2.5 ppts. On the other hand, GDP+ grows faster, as does final sales to private domestic purchasers. Figure 1: GDP (bold black), GDPNow as of 4/24 (light blue square), GDPNow as […]
Nvidia’s Stock May Not Have Much Further To Rise
Image Source: Pixabay Nvidia (NVDA) helped to drive the S&P 500’s rebound on Friday, April 25, 2024.Video Length: 00:08:05More By This Author:The 10-Yr Moved Sharply Higher On Surprise GDP Report Stocks Stall Ahead Of Massive Data Dump And Earnings Stocks Rally Again As Rates And The Dollar Stay On Vacation
S&P 500, Nasdaq Wrap Up Best Week Of 2024
A rising tech sector lifted all stocks today. The S&P 500 and Nasdaq finished Friday with sizable gains to secure their first weekly wins this month and best since Nov. 3, with the latter also seeing its best single-session percentage pop since Feb. 22. The Dow has now logged back-to-back weekly wins, while Wall Street’s “fear gauge,” the […]
Ford Loses $132,000 On Each EV Produced, Good News, EV Sales Down 20 Percent
My tongue-in-cheek “good news” comment aside, Ford Just Reported a Massive Loss on Every Electric Vehicle it Sold. Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings […]
AskSlim Market Week – Friday, April 26
Image Source: Pixabay In this video, trading pro Steve Miller and his team share unique analysis and commentary on the financial markets.Video Length: 01:11:07More By This Author:AskSlim Market Week – Friday, April 19 AskSlim Market Week – Friday, April 12 AskSlim Market Week – Friday, March 28
DoorDash To Report Q1 Earnings: What’s In Store?
Image Source: Unsplash DoorDash (DASH – Free Report) is set to release its first-quarter 2024 results on May 1.The Zacks Consensus Estimate for the top line is currently pegged at $2.45 billion, suggesting a 20.63% increase year over year.The consensus mark for loss is estimated to be 7 cents per share, unchanged in the past 30 days. DASH reported a loss […]
Mode TVL soars 140% as users hunt for airdrops
Mode surpassed $344 million in total value locked (TVL) and shows the largest growth among Ethereum layer-2 blockchains over the past 7 and 30 days, according to data aggregator DefiLlama. This huge leap in TVL could be related to users rushing to farm Mode’s native token airdropped, rumored to have a snapshot at the beginning […]
U.S. Economic Growth Slows. Is There Cause For Concern?
Video Length: 00:05:42 On the latest edition of Market Week in Review, Investment Strategist BeiChen Lin and Sophie Antal-Gilbert, Head of AIS Portfolio & Business Consulting, discussed the U.S. first-quarter GDP (gross domestic product) reading. They also reviewed the latest U.S. inflation data and provided an update on the U.S. first-quarter earnings season. Q1 economic […]
Bitcoin halving won’t be enough to sustain a bull run: Kaiko Research
Bitcoin’s latest halving event is unlikely to trigger a sustained bull run over the next 12 to 18 months, according to the report “Bitcoin’s Fourth Halving: This Time is Different?” by analysis firm Kaiko.Despite historical periods of substantial returns post-halving, the current climate is marked by a mature asset class and uncertain macroeconomic conditions. A potential […]
