Category Archive: Finance, No picture
Starbucks On Brink Of Worst Crash Since Dot Com After “Stunning” Earnings Miss
Image Source: UnsplashStarbucks (SBUX) shares plummeted by 16% during the early cash session, approaching the -16.2% level last seen during the Covid crash. If intraday losses surpass 16.2% and remain above this level at closing, it would mark the company’s worst single-day loss since the Dot Com crash in early 2000.“Starbucks reported what’s perhaps the worst set […]
MANEKI and POPCAT soar by two digits while Bitcoin stumbles
Solana’s 10 largest meme coins by market cap are all showing gains in the last 24 hours, according to data aggregator CoinGecko. While Bitcoin (BTC) and major altcoins wobble, tokens such as POPCAT and MANEKI soar by two digits.The Chairman of the Federal Reserve, Jerome Powell, announced today that there will be no more interest […]
Stocks And Precious Metals Charts – From Enemy Occupied Territory
Image Source: UnsplashThe Fed sat on its hands, as expected.Powell gave a fairly dovish press conference, dismissing the notion of rate hikes, and also of stagflation.And the markets took off like a moonshot.But wonder of wonders, we were treated to an afternoon wash and rinse.Stocks lost their moonshot in the last hour and dumped back all […]
Manufacturing ISM Moves Back Into Contraction, New Orders Decline
Image Source: PexelsThe ISM manufacturing index is back in contraction after a one-month reprieve, but prices expand sharply. It’s a bad mix.ISM chart and excerpts below by permission from the Institute for Supply Management® ISM®The April 2024 Manufacturing ISM® Report On Business® looks dismal except for production. The U.S. manufacturing sector dropped back into contraction after growing in […]
3 Cannabis Stocks That Can Post Gains As US Shifts To Softer Regulations
Image source: UnsplashPoliticians regale their voting base during election years with new promises and policy shifts. This time, the Biden admin announced intent to loosen up marijuana rules on a federal level. Specifically, to reclassify marijuana as a Schedule III substance, following half a century of it being classified as Schedule I (ecstasy, heroin, LSD) substance.This would […]
Fed Holds Policy Steady: Rate Hikes Remain “Unlikely” Despite Lack Of Inflation Progress
Image Source: PexelsThe Federal Reserve left its policy rate unchanged and argued its policy stance is “in a good place”, but officials are concerned about the recent lack of progress on inflation. Rate hikes remain unlikely, but the Fed is prepared to leave interest rates at current levels until that progress is achieved or the jobs market clearly weakens.Fed […]
CVS Is Sick
Image Source: PexelsOne would figure the nation’s biggest pharmacy would be a safe, conservative investment. Nope. CVS has lost about HALF its value in just two years. From a charting perspective, it’s been behaving beautifully, because its breakout/support (blue line) turned into resistance (see red arrow), and now we’ve taken a hard fall to very long-term […]
March JOLTS Report: Declines In Everything, Fortunately Including Layoffs
Image Source: PexelsAfter almost half a year of general stabilization or very slow deceleration, the JOLTS report for March featured multi-year lows in almost all of its components. Job openings (blue in the graph below), a soft statistic that is polluted by imaginary, permanent, and trolling listings, declined -325,000 to a three year low of 8.488 million. Actual […]
Central Bank Gold Buying Sets New 1st Quarter Record
Image Source: UnsplashThe central banks have been on a gold buying spree ever since Russia was sanctioned by the US in early 2022. And they just set a new first-quarter record for the amount of gold purchased.Given the events that have occurred since then, which now include escalating Middle East tensions, the news isn’t entirely surprising. […]
Web3 gaming aligns players and companies interests, says Delabs Games CEO
Blockchain gaming is seen as a hot narrative in crypto for 2024 by different industry players, such as Binance and CoinGecko. According to the latter, the total market cap of blockchain gaming tokens is over $18.6 billion.Delabs Games is one of the players building in this sector, focusing on an ecosystem built on the concept […]
