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Weaker US Jobs Numbers Boost Expectations Of A September Rate Cut

Weaker US Jobs Numbers Boost Expectations Of A September Rate Cut

Job creation was weaker, unemployment higher and wage growth more subdued than expected in the April employment report. With Fed Chair Powell leaning dovish at Wednesday’s press conference this has breathed new life into Federal Reserve interest rate cut calls. 175,000 The number of jobs added in the US economy in April Lower than expected […]
Starbucks Earnings Warn Of Belt Tightening

Starbucks Earnings Warn Of Belt Tightening

Starbucks latest earnings report sends the message that consumers may finally be retrenching after a few years of spending above their means. Cheap luxury items are low in price by definition and include items that we do not necessarily need but are nice to have. When consumers have confidence in the economy and their jobs, […]
2 Major Regional Banks To Buy On High Rates, Economic Growth

2 Major Regional Banks To Buy On High Rates, Economic Growth

The Zacks Major Regional Banks will benefit from high rates as net interest income (NII) continues to witness a marginal rise despite increasing funding costs impeding net interest margin (NIM) expansion. Solid economic growth and modest loan demand will also support banks’ financials in the near term.Business restructuring/expansion initiatives and digitization will offer support. Though weakening asset […]
Mixed Bag Proposition

Mixed Bag Proposition

S&P 500 didn‘t continue with the dump phase after Powell‘s conference, and also ignored data pointing to tight labor market and persisting inflation pressures. Both the 2y and 10y Treasuries rose while odds of a Sep rate cut again suprassed odds of no cut. The dollar also retreated after biting badly Tuesday, resulting in quite […]
Hershey Company’s Strong Q1 Beats Forecasts: Consolidated Net Sales Surged By 8.9%

Hershey Company’s Strong Q1 Beats Forecasts: Consolidated Net Sales Surged By 8.9%

The Hershey Company’s Q1 results for 2024 showcase its robust performance and strategic initiatives, with consolidated net sales increasing by 8.9%.The Hershey Company (HSY) has once again demonstrated its resilience and strategic prowess in the face of fluctuating market conditions, as evidenced by its latest financial results for the first quarter ended March 31, 2024. Hershey’s consolidated […]
Logos publishes privacy manifesto on largest-ever Bitcoin block from 2009

Logos publishes privacy manifesto on largest-ever Bitcoin block from 2009

Logos, a decentralized and privacy-focused technology stack, has inscribed its manifesto on the largest-ever Bitcoin block, measuring 3.99 MB in size.The inscription, which precedes the launch of an Ordinals collection called Logos Operators, was made on a satoshi created in 2009 in block 3,479.Logos (also named as Logos Network), characterizes itself as a politically neutral […]
XAUUSD Commodity Elliott Wave Technical Analysis 

XAUUSD Commodity Elliott Wave Technical Analysis 

Gold Elliott Wave Analysis  Function – Trend Mode – Impulse Structure – Impulse wave Position -Wave 4 Direction – Wave 5 Details – Wave 5 still struggles around the Fibonacci support zone. A diagonal seems to be developing for blue wave ‘c’ of 4. Still needs a sharp break out of the diagonal for wave 5 […]
XRP Market Cap Is Poised To Hit $2.61 Trillion Hints Top Crypto Analyst

XRP Market Cap Is Poised To Hit $2.61 Trillion Hints Top Crypto Analyst

The post XRP Market Cap Is Poised To Hit $2.61 Trillion Hints Top Crypto Analyst  appeared first on Coinpedia Fintech NewsIn a recent tweet that has sparked excitement among XRP enthusiasts, well-known crypto analyst EGRAG CRYPTO hinted at an upcoming market movement for XRP, referring to it as the “3rd Kaboom.” EGRAG CRYPTO’s analysis suggests a significant breakthrough […]
The British Index Has Updated The Historical Maximum. Oil Lost 5% Over The Week

The British Index Has Updated The Historical Maximum. Oil Lost 5% Over The Week

At the end of Thursday, the Dow Jones Index (US30) rose by 0.85%, and the S&P 500 Index (US500) rose by 0.91%. The NASDAQ Technology Index (US100) closed negative 0.33%. Optimism about the economic outlook is supporting stocks. Stocks have also received support since Wednesday when Fed Chair Powell said the Fed’s next move is unlikely to be an interest rate hike. […]
The Commodities Feed – European Gas Rallies

The Commodities Feed – European Gas Rallies

European natural gas prices rallied yesterday despite comfortable storage and a bearish outlook. The move higher in crude oil was more modest, after several bearish developments over the week. Energy – TTF back above EUR30The oil market was little changed yesterday. ICE Brent continues to trade below US$84/bbl after settling 0.28% higher yesterday. It has been […]