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Stocks Mixed Amid Flood Of Economic Data

Stocks Mixed Amid Flood Of Economic Data

The Nasdaq is up triple digits midday, trading at fresh record highs thanks to Nvidia’s (NVDA) post-earnings pop. The Dow Jones Industrial Average (DJI), on the other hand, is down 274 points, while the S&P 500 Index (SPX) sits just above breakeven after hitting an all-time high earlier today. Meanwhile, new home sales declined 4.7% in April from March, totaling 634,000 […]
FTSE – UK Election Call Weighs On Sentiment

FTSE – UK Election Call Weighs On Sentiment

Image Source: Pexels On Thursday, London’s FTSE 100 extended its decline for the third consecutive day, as Britain made arrangements for a general election on July 4th and data revealed a significant slowdown in business growth in May. The FTSE 100 index, which represents top UK companies, decreased by 0.3%, while the pound gained strength against […]
Hong Kong SFC mulls allowing staking for Ethereum ETFs

Hong Kong SFC mulls allowing staking for Ethereum ETFs

Hong Kong’s Securities and Futures Commission (SFC) is reportedly exploring the possibility of allowing Ethereum ETFs under its jurisdiction to stake their tokens, a move that sets it apart from the stance taken by US regulators.This initiative aligns with the SFC’s progressive approach, following its recent approval of spot Ethereum ETFs alongside Bitcoin products. According […]
Ethereum Staking Potential: Only 27% Of Supply Staked

Ethereum Staking Potential: Only 27% Of Supply Staked

 Image Source: Pixabay   Ethereum Staking Potential: Only 27% of Ethereum’s supply staked, indicating significant growth opportunities. Solo Staker Advancements: Innovations like auto-compounding rewards simplify staking and boost returns. Liquid Staking and Restaking: These methods enhance liquidity and earning potential on Layer 2 networks and DeFi protocols. Ethereum, the second-largest cryptocurrency by market capitalization, currently trades […]
Grayscale Investments launches Near and Stacks crypto trusts

Grayscale Investments launches Near and Stacks crypto trusts

Grayscale Investments, the world’s largest crypto asset manager, has announced the creation and public launch of two new crypto investment trusts: Grayscale Near Trust and Grayscale Stacks Trust. The new trusts, which opened on May 23, allow eligible individual and institutional accredited investors to access daily subscriptions for diversified crypto exposure.The Grayscale Near Trust is […]
Consumer Delinquencies Rising

Consumer Delinquencies Rising

Image source: Pixabay  This data is not recessionary now, but as I said previously, it is rising relatively steadily, which is not ideal.  This bears close watching as it tends to be the consumer who rolls over first, driving the economy into recessionary environments.Both the consumer and credit cards are at levels not seen since 2012 […]
Is The Federal Reserve Just Winging It?

Is The Federal Reserve Just Winging It?

Image source: Wikipedia  Are the central bankers at the Federal Reserve just winging it? It sure seems that way if you step back and take a long view of their decision-making.Fed officials project this aura of authority. You might imagine them as hyper-intelligent experts in the field of economics and finance making carefully calculated monetary policy decisions […]
Sensex Today Ends At Record Highs, Rallies 1,197 Points; Nifty Nears 23,000 Mark

Sensex Today Ends At Record Highs, Rallies 1,197 Points; Nifty Nears 23,000 Mark

After opening the day on a positive note, Indian share markets continued the momentum as the session progressed and ended on a firm footing.The Indian stock market experienced strong buying interest on Thursday, 23 May 2024, leading to intraday gains of over 1% for both the Sensex and the Nifty 50 benchmarks.At the closing bell, […]
Chart Of The Day: Tutor Perini – Profits In Construction

Chart Of The Day: Tutor Perini – Profits In Construction

Image Source: Unsplash  The Chart of the Day belongs to the engineering and construction company Tutor Perini (TPC). 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 a Trend Seeker buy signal then used the Flipchart feature to review the […]
Gold Analysis: Witnessing Decline

Gold Analysis: Witnessing Decline

Gold futures fell in the middle of trading this week after some Federal Reserve officials indicated that the central bank could raise interest rates if economic data requires further tightening. Consequently, the strength of the US dollar and rising Treasury yields weighed on the yellow metal, pushing prices below $2,400. According to the platforms of […]