May 2024 - Page 255 of 270 -

The Great Unwind Accelerates

May 02, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay A stream of big companies are guiding down their outlook this week with reference to distressed consumers pulling back. See: Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald’s: Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also […]

Investors Beware: U.S. Housing Market Teetering On Brink Of Crisis

May 02, 2024 Jeremy Parkinson Finance, No picture 0

Mortgage Rates Spiking, Housing Market in Danger ZoneOminous clouds could be gathering over the U.S. housing market. Investors beware!While the experts have been busy trying to figure out what the Federal Reserve is going to do with interest rates, they’ve been paying very little attention to the U.S. housing market.The market is in dangerous territory, […]

XRP Eyes $0.52 Resistance As Ripple Developers Consider Lending On XRP Ledger

May 02, 2024 Jeremy Parkinson Finance 0

Image by WorldSpectrum from Pixabay DeFi has become a cornerstone of the crypto community, and while Ethereum remains the sector overlord, the XRP Ledger (XRPL)’s DeFi ecosystem is growing steadily. To supercharge this growth, the ecosystem’s developers have proposed a new lending mechanism that eliminates the need for smart contracts.RippleX Developers proposed the new mechanism this week, stating […]

Choosing Your Favorite Dental Procedure: Recession Or Inflation?

May 02, 2024 Jeremy Parkinson Finance 0

Going to the dentist can be a pleasurable or painful experience, depending on whether you have been properly brushing and flossing your teeth. If the stock market was a patient, its 2024 checkup would produce a large smile. Why so happy? Because the S&P 500 index is up a healthy +5.6% in the first four […]

Iranian crypto mining poses ‘direct threat’ to national security, Senators Warren and King argue

May 02, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

US Senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine) have sent a letter to top military and financial officials, expressing concerns about Iran’s reliance on cryptocurrency mining as a means of generating revenue and potentially evading US sanctions.The letter, dated May 1, was addressed to Secretary of Defense Lloyd Austin, Secretary of the Treasury Janet […]

FTSE Flatlines Ahead Of U.S. Federal Reserve Rate Announcement

May 02, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels On Thursday, Britain’s top stock index saw an increase in value as Shell and Standard Chartered shares surged following positive financial results. Additionally, investors found reassurance in the Federal Reserve’s decision to rule out further interest rate hikes. The FTSE 100, comprising leading companies, experienced a 0.85% rise. The direction of the market […]

The Snooze-A-Than In Jobless Claims Continues

May 02, 2024 Jeremy Parkinson Finance 0

The snooze-a-thon in jobless claims continues, as both initial and continuing claims are well-behaved within the narrow range where they have been generally for the past six months.Initial claims were unchanged least week at 208,000, while the four week moving average declilned -3,500 to 210,00. With the usual one week delay, continuing claims were unchanged […]

AAPL Earnings Could Break The Market

May 02, 2024 Jeremy Parkinson Finance 0

Obviously the most important event on tap Thursday is Apple (AAPL) earnings after the close. While the stock is off more than 10% YTD, it is still quite overvalued given the lack of growth IMO. In his piece on AAPL in Tuesday’s WSJ tech columnist Dan Gallagher suggested that since AAPL has come down from […]

“Safe Haven” Yen Trending Towards Zero Against Gold

May 02, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The yen was once known as a safe-haven currency for investors to protect themselves when broader markets are shaky or other currencies are dropping, but those days are numbered. A stable government and consistent (and low) interest rates have been some of the driving factors, but it’s the unwinding of that ultra-low interest rate policy that will be the […]

Here’s What Wall Street Experts Are Saying About Block Ahead Of Earnings

May 02, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Block (SQ) is scheduled to report results for its first fiscal quarter after the market close on May 22, with a conference call scheduled for 5:00 pm EDT. What to watch for: PROBE: Federal prosecutors are examining financial transactions at Square and Cash App owner Block, Gretchen Morgenson of NBC News reports. Internal documents indicate Block processed […]