May 2024 - Page 156 of 270 -

Vanguard set to appoint ex-BlackRock ETF chief as next CEO: WSJ

May 14, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

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

May 14, 2024 Jeremy Parkinson Finance, No picture 0

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 […]

Gold Boring But Bullish

May 14, 2024 Jeremy Parkinson Finance 0

The US PPI inflation report was today, and the CPI is released tomorrow. The average American is experiencing much more “boots on the ground” inflation than these reports have shown to date, and they are managing it by taking on more debt. The Ukraine war has become the quagmire that anyone sane knew it would be, and […]

Unsold Tesla’s Pile Up In Mall Parking Lots, Big Discounts Likely

May 14, 2024 Jeremy Parkinson Finance 0

Tesla Cranking Out Cars, But to Where?Please consider Tesla’s Storing Unsold Inventory In An Abandoned Mall Parking Lot Parking lots full of Tesla vehicles are becoming impossible to ignore as the electric automaker seemingly can’t sell enough cars and trucks to match its rate of production. According to its own figures, the electric automaker produced 46,561 more […]

AI’s Insatiable Energy Needs Boost Uranium ETFs

May 14, 2024 Jeremy Parkinson Finance, No picture 0

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

May 14, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

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 […]

Stocks And Precious Metals Charts – Hot PPI

May 14, 2024 Jeremy Parkinson Finance 0

Stocks were in rally mode and went out near the highs.Gold and silver moved higher.The Dollar lost some ground.VIX fell back a bit.The PPI inflation data came in hot this morning.The markets ignored it, looking forward to the CPI inflation data tomorrow.And, as always, there is a stock market option expiration on Friday.Have a pleasant […]

Don’t Be Distracted By Meme-Stock Mania… Again

May 14, 2024 Jeremy Parkinson Finance, No picture 0

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 […]

Bitcoin L2 protocol bridge Alex suffers $4.3M in losses after suspicious upgrades

May 14, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

The Alex protocol bridge on the BNB network has experienced $4.3 million in suspicious withdrawals following a sudden contract upgrade, according to a report from blockchain security platform CertiK on May 14. #CertiKInsight 🚨 We have seen a suspicious transaction affecting @ALEXLabBTC Initial evidence points to a possible private key compromise. Deployer of 0xb3955302E58FFFdf2da247E999Cd9755f652b13b upgrades […]

Q1 2024 U.S. Retail Preview: Sales Picked Up

May 14, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The LSEG U.S. Retail and Restaurant Q1 earnings index, which tracks changes in the growth rate of earnings within the sector, is expected to show a 20.6% growth over last year’s levels. Our metrics show that six of 10 consumer-related industries have turned positive. (Exhibit 1)Of the 201 retailers tracked by LSEG, the […]