Category Archive: Finance, No picture
This Week: Big Tech Earnings To Influence Nasdaq 100?
Image Source: Unsplash The NAS100 index has fallen in six of the past 7 weeks, as markets push back bets for Fed rate cuts in 2024. Note that, riskier assets (including stocks) tend to rejoice at the thought of US interest rates moving lower. Hence, such joy has swiftly eroded in light of stubbornly high US […]
Poland’s Labor Market Remains Tight
Image Source: Pexels In March, Polish enterprise sector wages rose by 12% YoY, close to the consensus and slightly weaker than a month prior. The high growth most likely reflects the significant minimal wage increase in 2024 and tight labour market conditionsHigh minimal wage growth and strong bargaining power among workers resulting from Poland’s tight labour market conditions have […]
Crypto funds see $206 million in weekly outflows led by US Bitcoin ETFs: CoinShares
Crypto exchange-traded products (ETP) experienced $206 million in outflows last week and a decrease of $18 billion in trading volume, reveals a report by asset management firm CoinShares. Bitcoin (BTC) products represent 28% of the trading volumes, a drop from 55% a month earlier.James Butterfill, CoinShares’ head of research, stated that this trend indicates a […]
Verizon Reports $1.15 EPS For Q1, Optimistic Guidance For 2024
Image Source: Unsplash Verizon Communications Inc. (NYSE: VZ) has started 2024 with financial resilience and strategic growth, particularly in its wireless service revenue and broadband momentum. The first quarter of the year saw the company achieving a slight uptick in operating income, reaching $33.0 billion, marking a 0.2 percent increase from the same period in 2023. Total Wireless […]
Galxe DAO proposes to change token symbol from ‘GAL’ to ‘G’
Galxe DAO has put forward a proposal to change its token symbol from ‘GAL’ to ‘G,’ as part of a broader token contract migration effort. The proposal, introduced by community contributor Steven Lei last Wednesday, seeks to solidify the organization’s brand identity, reduce confusion in the crypto market, and enhance community involvement. The Snapshot vote […]
China Kept Interest Rates At Lows
Image Source: Pexels On Friday, the Dow Jones (US30) Index gained 0.56% (for the week -0.23%), while the S&P 500 (US500) Index fell by 0.88% (for the week -3.54%). The Nasdaq Technology Index (US100) closed negative 2.05% (for the week -6.11%). The S&P 500 (US500) fell to a one-month low, and the NASDAQ (US100) fell to a 2-month low. Weak corporate news and rising geopolitical risks weighed on stocks.The latest […]
“No Rate Cut” Bear Scares S&P 500 Into Retreat
The S&P 500 (SPX) fell again durin ghte third week of April 2024. The index closed out the week at 4,967.23, a little over three percent below the level it closed the second week. The index has dropped 5.5% below its record peak closing value from 28 March 2024.The main driving force behind the falling level […]
Copper Market Commentary – Monday, April 22
Copper Rally ContinuesCopper prices are seen breaking out to their highest level since June 2022 today as geopolitical uncertainty creates growing supply risks. News of fresh UK/US sanctions on Rusisan metals suppliers is stoking fears that an already-tight market will be further choked of supply. Copper futures are currently trading around 24% higher on the […]
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Transurban Group
Image Source: Unsplash ASX: TRANSURBAN GROUP – TCL Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) TRANSURBAN GROUP – TCL. We are identifying that TCL has a 2-red wave that opened in the form of a Zigzag, and may soon end, opening up the opportunity to move higher with […]
Shiba Inu raises $12 million in token sale to develop its privacy-centric layer 3 blockchain
The team behind Shiba Inu (SHIB) has successfully raised $12 million through the sale of its not-yet-released token, TREAT, the utility and governance token for Shiba Inu’s new privacy-centric layer 3 blockchain.According to the team’s recent announcement, the round saw the participation of numerous venture capital (VC) firms, including Mechanism Capital, Big Brain Holdings, Cypher […]
