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Kraken may delist USDT in EU to comply with MiCA

Kraken may delist USDT in EU to comply with MiCA

Major crypto exchange Kraken is considering delisting Tether (USDT) from its European Union (EU) platform to comply with the upcoming Markets in Crypto-Assets (MiCA) regulations, according to a recent report from Bloomberg.The EU is setting MiCA regulations for crypto trading, specifically targeting stablecoins like Tether’s USDT. These rules will be enforced starting in July and […]
Chart Says Investors Are Bracing For Stock Market Crash

Chart Says Investors Are Bracing For Stock Market Crash

Image Source: Pexels Indices at All-Time Highs, Odds of Stock Market Crash Increasing Key stock indices currently sit at or near their record highs. The Dow Jones Industrial Average is near the 40,000-point level. The S&P 500 looks like it can’t be stopped. The Nasdaq Composite Index has been soaring.However, don’t get complacent: the odds of […]
May SPF GDP Forecast

May SPF GDP Forecast

Continued growth (report):Figure 1: GDP (bold black), May SPF median (light blue), GDPNow of 5/16 (blue square), New York Fed nowcast of 5/10 (green triangle), St. Louis Fed nowcast of 5/10 (tan square), all in bn.Ch.2017$, SAAR. Source: BEA 2024Q1 advance, report, Atlanta Fed, NY Fed, St. Louis Fed, and author’s calculations. Unlike the Nov ’23 and […]
Stocks Flat As Market Heads For Winning Week

Stocks Flat As Market Heads For Winning Week

Stocks are fairly quiet today, with all three major benchmarks near breakeven after yesterday’s intraday record highs, but now in positive territory for the second quarter. The Dow Jones Industrial Average (DJI) is on track for its fifth-straight positive week, while the S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC) eye their fourth consecutive weekly […]
Would AI Agents Disrupt Apple’s App Business?

Would AI Agents Disrupt Apple’s App Business?

Photo Credit: Maxx Girr from Pixabay Earlier this month, Apple (Nasdaq: AAPL) announced its second-quarter results that outpaced market expectations. The market was impressed with the $110 billion buyback announcement, and its stock price increased 7% in the after-hours trading session. Apple’s Financials Apple’s second-quarter revenues fell 4% to $90.75 billion, ahead of the market’s forecast of $90.4 […]
Can Sea Limited Be Another E-Commerce Winner?

Can Sea Limited Be Another E-Commerce Winner?

Image Source: Unsplash To date, we’ve done pretty well with e-commerce stocks here at GreenDot Stocks.One of our first picks, Mercadolibre (MELI), is up 92% in a year and a half, trouncing the S&P 500 by 57%.Recent pick Coupang (CPNG) has also done quite well, appreciating 60% in just 3 months, 53% better than the market at large.So it […]
Nvidia To Report Earnings Next Week, What To Expect

Nvidia To Report Earnings Next Week, What To Expect

Image courtesy of 123rf.com Nvidia (Nasdaq: NVDA), the global leader in artificial intelligence (AI) hardware and software, will release its fiscal first-quarter 2025 earnings report after the market closes on Wednesday, May 22, 2024. Analysts and investors alike are eagerly awaiting the results. The company has consistently outperformed expectations in recent quarters, largely driven by the surging demand […]
S&P 500 Earnings Dashboard 24Q1 – Friday, May 17

S&P 500 Earnings Dashboard 24Q1 – Friday, May 17

Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions The 24Q1 Y/Y adjusted blended earnings growth estimate is 10.7%. If the energy sector is excluded, the growth rate for the index is 10.7%. Please note that the 24Q1 year-over-year growth rate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. […]
FTSE – Breaks Winning Streak But Still Set To Post Third Weekly Gain

FTSE – Breaks Winning Streak But Still Set To Post Third Weekly Gain

Image Source: Pexels On Friday, London stocks declined following the trend of global markets, as U.S. Federal Reserve officials suggested that interest rates could remain elevated for an extended period. Additionally, GSK saw a decrease in its stock value after selling off its remaining shares in consumer healthcare firm Haleon. The FTSE 100 index, which represents […]
May RBNZ Preview: Not Enough Reasons To Turn Dovish

May RBNZ Preview: Not Enough Reasons To Turn Dovish

Image Source: Pixabay  The Reserve Bank of New Zealand has little room to shift to a less hawkish stance as non-tradeable inflation remained too hot in the first quarter, despite a domestic recession and loosening jobs market. We think rate projections will still signal no rate cuts in 2024, but we don’t rule out some easing […]