May 2024 - Page 159 of 270 -

Producer Price Index Rises In April, Marking Largest Annual Increase Since 2023

May 14, 2024 Jeremy Parkinson Finance 0

Image courtesy of 123rf.com According to the latest report from the Bureau of Labor Statistics, the Producer Price Index (PPI) for final demand increased by 0.5% in April 2024, following a 0.1% decline in March and a 0.6% rise in February. On an unadjusted basis, the PPI for final demand saw a 2.2% increase for the 12 months […]

TRON DAO adds Google Cloud as a Super Representative Candidate on the TRON blockchain

May 14, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Geneva, Switzerland, May 14th, 2024 – TRON DAO today announced that Google Cloud has joined its roster of Super Representative candidates on the TRON blockchain. Super Representatives are responsible for producing blocks and packing transactions to help ensure blockchain governance on the TRON network. This initiative builds on TRON’s collaboration with Google Cloud to make its […]

Fixed Income ETFs Record Largest Inflow In Over Five Years, Adding $9.4 Billion

May 14, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash During LSEG Lipper’s fund-flows week that ended May 8, 2024, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the third straight week, adding a net $36.4 billion.This past week, money market funds (+$24.5 billion), taxable bond funds (+$8.1 billion), equity funds (+$3.6 billion), municipal bond funds […]

Chart Of The Day: Kewaunee Scientific – New All Time High

May 14, 2024 Jeremy Parkinson Finance 0

100% technical buy signals 6 new highs and up 10.82% in the last month 132.48+ Weighted Alpha The Chart of the Day belongs to lab equipment company Kewaunee Scientific (KEQU). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having […]

CONAB Speaks. The Corn & Ethanol Report

May 14, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash We kicked off the day with NFIB Business Optimism Index at 5:00 A.M., PPI MoM & YoY, Core PPI MoM & YoY, PPI, PPI Ex Food, Energy, and Trade, and PPI Food, Energy, and Trade MoM & YoY at 7:30 A.M., Redbook YoY at 7:55 A.M., Fed Cook Speech at 8:10 A.M., Fed […]

Wall Street Weighing The Latest Inflation Data

May 14, 2024 Jeremy Parkinson Finance 0

Stocks are inching higher midday, as investors unpack the latest inflation data. April’s producer price index (PPI) came in hotter than anticipated, which initially weighed on Wall Street’s expectations of an interest rate cut later this year. However, stocks are getting a reprieve after March’s wholesale price reading was downwardly revised to a 0.1% decline. The 10-year […]

Wisconsin’s state holds $99 million of BlackRock Bitcoin ETF shares

May 14, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

The State of Wisconsin Investment Board (SWIB) revealed its holdings of over $99 million worth of BlackRock’s spot Bitcoin exchange-traded fund (ETF) IBIT at the end of the first quarter, according to its 13F Form filings with the SEC. The amount is equivalent to 2,450,500 IBIT shares.Bloomberg ETF analyst Eric Balchunas stated through an X […]

Footsie Is Trading In 5th Wave

May 14, 2024 Jeremy Parkinson Finance 0

We have been talking for a long time about bullish UK stock market index FTSE100 a.k.a. Footsie. We also shared the chart with our members more than a year ago, where we were tracking wave 4 correction within an ongoing five-wave bullish impulse.FTSE100 Weekly Chart From November 2022 www.wavetraders.comAfter a longer sideways consolidation, it turned […]

Cloud Stocks: Amazon Sees Momentum On AI Front

May 14, 2024 Jeremy Parkinson Finance 0

Photo Credit: simone.brunozzi/Flickr.com Amazon (Nasdaq: AMZN) recently announced its first-quarter results that surpassed market expectations. Its stock hit a 52-week high following its result announcement. Amazon’s FinancialsAmazon’s first quarter revenues grew 13% to $143.3 billion, ahead of analyst estimates of $142.5 billion. Net income increased to $10.4 billion or $0.98 per share, compared with net income […]

Deutsche Bank joins Singapore’s Project Guardian to advance asset tokenization

May 14, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Deutsche Bank has announced its collaboration with the Monetary Authority of Singapore (MAS) on Project Guardian, an initiative focused on asset tokenization for wholesale funding markets and decentralized finance (DeFi) applications.Deutsche Bank’s role in this collaborative effort is to test the open architecture and interoperable blockchain platform to service tokenized and digital funds. The bank […]