Category Archive: Finance, No picture
Fed Holds Rates At 5.25-5.50%, Battles To Hit 2% Inflation
The Federal Reserve maintained its current stance on interest rates, opting not to implement a cut despite ongoing struggles with inflation. Since a hike in July 2023, the U.S. central bank has kept its benchmark short-term borrowing rate at a range of 5.25% to 5.50%. This marks the highest level in over two decades. This […]
MoonPay and PayPal unite to streamline fiat-to-crypto transactions for US users
PayPal has partnered with MoonPay to introduce a new fiat-to-crypto transaction service for US customers, according to a press release published today by MoonPay. The collaboration marks MoonPay as the first on- and off-ramp provider to incorporate PayPal’s payment system, enhancing the ease of purchasing crypto. 🌙 Exciting news from MoonPay! đź’ł Today, we’re thrilled […]
US Fed Tilts Towards A Rate Cut Despite The Postponement. Hkma Left The Rate Unchanged At 5.75%
At Tuesday’s close, the Dow Jones Index (US30) added 0.23%, while the S&P 500 Index (US500) was down 0.34%. The NASDAQ Technology Index (US100) closed negative 0.33%. US stock indices traded mixed on Wednesday. Stock prices rose after bond yields fell, and Fed Chairman Powell said it was unlikely that the Fed’s next move would be a rate hike. However, the broader […]
BlackRock leads $47M funding round for RWA tokenization firm Securitize
BlackRock, the world’s largest asset manager, has led a $47 million investment round in Securitize, a firm specializing in the tokenization of real-world assets (RWA). The strategic capital infusion, announced on May 1, marks a significant milestone in the development of digital asset securities.Securitize plans to allocate the funding towards product development, international expansion, and […]
Dovish Message Likely To Ignite Positive Wealth Effect From Equities And Home Prices
Markets were on pins and needles as to if Powell would be open to the possibility of a rate hike. Pexels He hardly sounded hawkish Wednesday. A dovish message hardly helps cool down the positive wealth effect coming from equities and home prices. It could rather be helping inflation remain sticky.A day prior to the conclusion of […]
Should Billionaires Exist?
Do billionaires have a right to exist?America has driven more than 650 species to extinction. And it should do the same to billionaires.Why? Because there are only five ways to become one, and they’re all bad for free-market capitalism:1. Exploit a Monopoly.Jamie Dimon is worth $2 billion today… but not because he succeeded in the “free market.” In 2008, […]
Exploring The 3 Prominent Crypto Trends Post Halving
Bitcoin Halving events, such as the recent 2024 Halving, mark important turning points in the cryptocurrency world and often lead to shifts in market dynamics and investor sentiment. Unsplash As Bitcoin (BITCOMP) begins the week with a dramatic drop, failure to correctly interpret prominent market trends in order to correctly interpret these price movements can be detrimental […]
Brent Crude Oil Hits Seven-Week Low
Brent crude oil prices have dropped to $83.95 per barrel Thursday, marking the lowest level in seven weeks. This decline follows recent US statistics indicating a significant increase in crude oil inventories and production. Pexels According to the Department of Energy, inventories rose by 7.30 million barrels last week, contrary to the forecasted decrease of 2.3 million […]
Total Market Cap In Deep Corrective Retracement
Good morning, everyone.As you may have noticed, cryptocurrencies have experienced a significant drop over the last few sessions and are currently consolidating on an intraday basis. Pexels This suggests that we might see further weakness, especially considering the Fed’s recent emphasis on a restrictive policy, which could potentially drive the dollar higher.Interestingly, although stocks initially recovered following […]
Market Fluctuates Amid Fed Decision And Mixed Corporate Earnings And Economic Signals
The U.S. stock markets exhibited mixed responses on Wednesday as investors navigated through a complex landscape of disappointing corporate earnings and a slew of economic data, all under the looming anticipation of the Federal Reserve’s policy announcement. Unsplash The S&P 500 declined by 0.3%, the Nasdaq fell by 0.7%, while the Dow Jones Industrial Average saw a […]
