Category Archive: Finance, No picture
Ranked: The Top 6 Economies By Share Of Global GDP (1980-2024)
UnsplashOver time, the distribution of global GDP among the world’s largest economies has shifted dynamically, reflecting changes in economic policies, technological advancements, and demographic trends. To see how this has played out in recent decades, we visualized the world’s top six economies by their share of global GDP from 1980 to 2024.All figures were sourced from […]
Robinhood Crypto launches Solana staking with 5% APY for EU users
Robinhood’s European crypto branch has introduced Solana staking for its customers, offering an annual percentage yield (APY) of approximately 5% at launch.According to Johann Kerbrat, general manager of Robinhood Crypto, the actual yield may vary as staking rewards change over time. The 5% APY offered by Robinhood Crypto is slightly lower than Coinbase’s estimated reward […]
The Commodities Feed: US CPI Release
Oil prices have strengthened in early morning trading due to a larger-than-expected US stock draw. However, the US CPI release today will be key for price direction.Unsplash Energy – OPEC outlook unchangedOil prices came under pressure yesterday. ICE Brent settled almost 1.2% lower on the day. Stronger-than-expected US PPI data raised doubts about how soon the […]
Let’s Hope That Tariffs Are Inflationary
Image Source: Pexels David Henderson has an excellent post on the effect of tariffs on the price level. I agree with his analysis, but here I’ll reframe the debate in a way that I hope will also be helpful. Let’s begin with a few propositions: 1. Under the vast majority of policy regimes, the imposition of tariffs […]
El Salvador mines nearly 474 Bitcoin using volcanic geothermal power
El Salvador has mined 473.5 Bitcoin (BTC) over the past three years using the geothermal power of the Tecapa volcano, Reuters reported today.Based on Bitcoin’s current price, this amount has translated into a $29 million increase in value. The nation’s total Bitcoin holdings now reach 5,750 BTC, equivalent to nearly $354 million, according to data […]
Vanguard set to appoint ex-BlackRock ETF chief as next CEO: WSJ
Salim Ramji, former head of BlackRock’s exchange-traded funds (ETFs) and index investing, is set to take the helm at Vanguard Group as chief executive officer starting July 8, according to a Tuesday report from WSJ.As noted, Ramji will succeed Tim Buckley, who announced his departure in February after over 30 years with Vanguard. The former […]
S&P 500 And Nasdaq 100 Elliott Wave Update – Tue, May 15
Image Source: Unsplash Interesting day with the PPI showing inflation to be problematic. But the markets deemed it not worthy of getting in the way of what was planned for today. The markets did eventually continue higher and towards the conclusion of minute 3rd waves. Today’s action then, completed minuet 3rd waves and minuet 4th waves […]
AI’s Insatiable Energy Needs Boost Uranium ETFs
Image Source: Pexels Tech giants Microsoft (MSFT – Free Report), Google’s parent Alphabet (GOOGL – Free Report), Amazon (AMZN – Free Report), and Meta (META – Free Report) have reported massive investments in artificial intelligence and cloud computing in their latest earnings reports.The AI boom has driven a surge in demand for data center capacity to handle AI workloads and store the vast amounts […]
Lido co-founders back EigenLayer rival Symbiotic — report
A report from crypto media platform CoinDesk claims that Lido co-founders Konstantin Lomashuk and Vasiliy Shapovalov, along with venture capital firm Paradigm, are secretly funding a new company called Symbiotic.Notably, Symbiotic allows users to restake assets like Lido’s staked ether (stETH) token and other ERC-20 assets, unlike EigenLayer, which only accepts ETH tokens. Such a […]
Don’t Be Distracted By Meme-Stock Mania… Again
Image Source: Pexels Everything old is new again. GameStop (GME) and AMC Theaters (AMC) the two quintessential tickers from the 2021 meme-stock craze – are soaring again on the “strength” of… Internet buzz.Never mind the fact that neither of these stocks are anywhere near their 2021 highs – this is a distraction, pure and simple.Know what […]
