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Import And Export Prices Unexpectedly Drop, Exports More

Import And Export Prices Unexpectedly Drop, Exports More

Import and Export Prices from the BLS. Chart by MishThe US Import and Export Price Indexes unexpectedly took a hit in May as reported by the BLS.The Bloomberg Econoday consensus was for import and exports prices was unchanged. The Fed will appreciate price declines, but with export prices dropping more than import prices, this is net negative […]
Symbiotic launch disrupts restaking landscape: IntoTheBlock

Symbiotic launch disrupts restaking landscape: IntoTheBlock

The launch of restaking protocol Symbiotic brought another evolving step to the restaking landscape, according to IntoTheBlock’s “On-Chain Insights” newsletter. Symbiotic reached its cap for liquid staking tokens in less than 48 hours, and its popularity is bolstered by a $5.8 million investment from Paradigm and cyber.Fund. EigenLayer has seen 48% of all Liquid Staking […]
Litecoin Achieves Milestone: 24 Million Ordinals Inscribed On Blockchain

Litecoin Achieves Milestone: 24 Million Ordinals Inscribed On Blockchain

Image by Eivind Pedersen from Pixabay   In a major milestone achievement, the Litecoin Foundation announced that they have managed to inscribe a record 24 MILLION Ordinals on the Litecoin blockchain network. This surge in activity indicates a robust and efficient network capable of handling increased transactions without compromising speed or security. A record 24 MILLION Ordinals have now […]
Stocks To Watch Today: Adobe, Hasbro, And Onsemi

Stocks To Watch Today: Adobe, Hasbro, And Onsemi

Image courtesy of 123rf.com Three notable stocks making moves in today’s market are Adobe Inc. (Nasdaq: ADBE), Hasbro Inc. (Nasdaq: HAS), and Onsemi (Nasdaq: ON). Adobe shares surged over 16% in extended trading after reporting strong Q2 FY2024 results and raising full-year guidance. Hasbro received an upgrade from Bank of America, with analysts citing accelerating digital growth and a […]
The Stock Market Tides Are Turning

The Stock Market Tides Are Turning

Image Source: Pexels Credit spreads really begin to widen between French and German ten-year rates.Video Length: 00:09:23More By This Author:CPI With Surprise Miss Implied Volatility Could Rise Sharply Before The CPI And FOMC Wall Street Has Been Slow To Adapt To A Higher-For-Longer Fed
WTI Oil Price Analysis: Closing In On Cluster Of Resistance In The $79.00s

WTI Oil Price Analysis: Closing In On Cluster Of Resistance In The $79.00s

Oil is rising up to a cluster of daily major moving averages in the $79.00s.  These will probably present a tough level of resistance for the commodity.  The persistence of the short-term uptrend will depend on a decisive break of this resistance barrier.  WTI Oil is trading in the $78.50s during the US session on […]
MicroStrategy Increases Debt Offering By 40% To $700 M To Purchase More Bitcoin

MicroStrategy Increases Debt Offering By 40% To $700 M To Purchase More Bitcoin

American software technology firm MicroStrategy has announced the pricing of a new $700 million debt offering due in 2032.The company plans to use the proceeds from this offering to purchase more Bitcoin, continuing its aggressive strategy to add the cryptocurrency to its corporate treasury. Details of the debt offeringAccording to an official press release, the notes will be sold […]
Why EBay Inc Stock Is A Buy? Acquirer’s Multiple Stock Screener Analysis

Why EBay Inc Stock Is A Buy? Acquirer’s Multiple Stock Screener Analysis

eBay (EBAY) operates one of the largest e-commerce marketplaces in the world, with $73 billion in 2023 gross merchandise volume, or GMV, rendering the firm a top 10 global e-commerce company. The company generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 130 million […]
S&P 500 Earnings Dashboard 24Q1 – Friday, June 14

S&P 500 Earnings Dashboard 24Q1 – Friday, June 14

Image Source: Unsplash  S&P 500 Aggregate Estimates and Revisions The 24Q1 Y/Y adjusted blended earnings growth estimate is 11.2%. If the energy sector is excluded, the growth rate for the index is 11.2%. Please note that the 24Q1 year-over-year growth rate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. […]
The Energy Report: Throwing A Flag Day.

The Energy Report: Throwing A Flag Day.

It’s Flag Day today and what better day to point out that OPEC called a penalty flag on the International Energy Agency IEA calling their peak oil demand narratives dangerous for consumers and could lead to unprecedented pain. That was a warning given by OPEC sec-gen Haitham Al Ghais about the recklessness of the IEA that […]