May 2024 - Page 84 of 270 -

The Fed Just Went Nuclear And The Market’s In Denial

May 22, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels While everyone and their mother was waiting for Nvidia’s (NVDA) quarterly earnings, the Fed Open Markets Committee meeting minutes hit the street.Oooh boy…The report wasn’t good at all. Seems plenty of folks at the central bank are feeling really hawkish. Forget about that weak “higher for longer” song ‘n dance we usually get……because […]

Nvidia Explodes Higher After Blowing Away Estimates, Guiding Sharply Higher, Unveils 10:1 Stock Split

May 22, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay As discussed in our preview, Nvidia has been called the mother of all earnings — the “single most important stock on the planet” according to Goldman – and for good reason: it accounts for 5% of the S&P. This morning, Mizuho’s desk analyst even said “they are the market in AI in many respects.”So […]

Stocks Slide After Fed Minutes Raise Inflation Worries

May 22, 2024 Jeremy Parkinson Finance 0

Wall Street’s muted midday performance took a turn for the worse later in the session, as all three benchmarks sold off after the Fed’s latest meeting minutes were released. Notes from the most recent two-day policy meeting showed the central bank has concerns about persistent inflation, a sign that rate cuts may not be as close as […]

Could Comstock Resources Reinstate Its Dividend Soon?

May 22, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Here in the Safety Net column, we typically analyze the safety of a company’s dividend.But today, we’re doing something different.We’re going to look at a company that has eliminated its dividend to see whether shareholders should have any hope of it being reinstated.Comstock Resources (NYSE: CRK) is an independent natural gas producer in Louisiana […]

Electricity Demand By AI Overhyped, Ignores Efficiency Gains

May 22, 2024 Jeremy Parkinson Finance 0

A spate of articles have proclaimed that demand for electricity will surge, perhaps faster than our capability to bring on more generating capacity. Concerns about electric reliability are well-founded, but the demand side of the equation is much overstated.Goldman Sachs predicts electricity demand growing by 2.4% per year after over a decade of zero growth. Key […]

Uber/Lyft Vs. The Minneapolis City Council: Denouement

May 22, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Last week, I posted about the attempt by the Minneapolis City Council to set higher pay for Uber and Lyft drivers, and the threat by the rideshare companies to withdraw from Minneapolis or from Minnesota as a whole if the law was enacted. The dispute seems settled, at least for now, and I thought […]

The Income A Family Needs To Live Comfortably In Every U.S. State Learn More About Cost of Living From Visual Capitalist

May 22, 2024 Jeremy Parkinson Finance 0

Families in the top five most expensive U.S. states require an annual income exceeding $270,000 to live comfortably.This visualization illustrates the income necessary for two working adults with two children to maintain a comfortable lifestyle in each state.“Comfortable” is defined as the income needed to cover a 50/30/20 budget, with 50% allocated to necessities like housing and […]

Fear Of Financial Instability

May 22, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay The consensus view is that the Great Recession of 2008-09 was caused by financial instability. I believe that view is wrong, and wrote an entire book arguing that it was tight money that caused the Great Recession. A recent Bloomberg article perfectly illustrates why it’s important to understand what went wrong in 2008: The FSOC on Friday […]

Bitcoin’s Recent Spike Indicates Bullish Momentum Towards $90,000

May 22, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Bitcoin (BTC) recently made a dramatic comeback into the $70k zone after a bullish reversal pattern was signalled by a spinning top candlestick closed to the downtrend’s bottom on May 20. However, the asset shed off some of its accumulated gains in a 2% daily decline to trade at $69k at press time.According to our data, Bitcoin’s […]

Silver Rallies Even As Banks Remain Short

May 22, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay We’ve seen a stunning rally in silver over the past few weeks, that’s left the price above $31, even despite a large short position by the banks.So in today’s show, Lynette Zang joins me to talk about the move through the $30 level, which along with the increased short position has gone in […]