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Ripple faces securities suit in Cali over ‘misleading’ statements from 2017

Ripple faces securities suit in Cali over ‘misleading’ statements from 2017

A US federal judge has allowed a civil securities lawsuit against Ripple Labs to proceed, focusing on alleged misleading statements by CEO Brad Garlinghouse about XRP.California District Court Judge Phyllis Hamilton denied Ripple’s bid for summary judgment on June 20, setting the stage for a jury trial. The case centers on Garlinghouse’s 2017 interview claim […]
A.I. Stocks Switch Places With Energy Plays Today

A.I. Stocks Switch Places With Energy Plays Today

Image Source: PixabayMarket indices traded places today. We’ve seen a clear tech rally — based on the A.I. play spearheaded by companies like NVIDIA (NVDA – Free Report) over the past week, month, and year to date, but today around noon ET we saw the blue-chip Dow separate from the pack to the upside. By the end of the day, […]
The Dell Gap

The Dell Gap

Image Source: UnsplashA prospectively good place to short DELL, with a stop-loss just above the price gap I’ve highlighted.More By This Author: The Nvidia SpeedometersRecord High AllocationMidweek ETF Review
Electricity Is A Secondary Source

Electricity Is A Secondary Source

Image Source: UnsplashOn June 10, 1752, almost exactly 272 years ago, Ben Franklin helped prove that lightning is a form of electricity that could be harnessed.Fast forward to 2024, with electricity in high demand, we are looking at electricity as a secondary source of energy, derived from primary sources.These include: Coal: Although electricity isn’t directly mined […]
Financial Markets Report For Thursday, June 20

Financial Markets Report For Thursday, June 20

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, June 20.Video Length: 00:15:28More By This Author:Metals Report For Tuesday, June 18SPDR ETF Report For Tuesday, June 18Financial Markets Report For Tuesday, June 18
Asia Morning Bites For Friday, June 21

Asia Morning Bites For Friday, June 21

Image Source: Unsplash Global Macro and Markets   Global markets: Bond yield movements were mixed overnight. The US 2Y yield rose 2.5bp to 4.737%, and the 10Y yield rose 3.7bp to 4.259%. German 10Y yields were also up 2.8bp to 2.430%. Dovish monetary policy developments overnight drove bond yields lower in the UK and Switzerland. UK 10Y yields […]
Breadsticks At Olive Garden Highlight Financial Strain On America’s Middle Class

Breadsticks At Olive Garden Highlight Financial Strain On America’s Middle Class

Image Source: PixabayA friend emailed a link regarding Olive Garden traffic and sales. I created a new chart that agrees. Call it the breadstick indicator.The Breadstick IndicatorPlease consider Heard on the Street: Breadsticks Highlight Financial Strain on America’s Middle Class Olive Garden, Applebee’s and IHOP are the closest informal economic barometer, according to a study by professors […]
Inflation – How It Started And Where We Are Now

Inflation – How It Started And Where We Are Now

Image Source: PixabayINFLATION – HOW IT ALL STARTEDEarly ruling monarchs would ‘clip’ small pieces of the coins they accumulated through taxes and other levies against their subjects. The clipped pieces were melted down and fabricated into new coins. All of the coins were then returned to circulation. The clipped coins circulated side by side with other […]
Current Analysis: Sonic Healthcare Ltd

Current Analysis: Sonic Healthcare Ltd

Image Source: PixabaySonic Healthcare Ltd (SKHCF) is a global pathology provider. It is the largest private operator in Australia, Germany, Switzerland, and the U.K., the second largest in Belgium and New Zealand, and the third largest in the U.S. In addition to pathology, which contributes roughly 85% of group revenue, Sonic is the second-largest player in […]
S&P 500 Edges Back From Record Highs As Bond Yields Rise

S&P 500 Edges Back From Record Highs As Bond Yields Rise

Image Source: Unsplash MARKETS  U.S. stock indexes edged back from their record highs on Thursday, driven by a dip in Nvidia’s shares following a mixed set of economic reports. The S&P 500 declined by 0.3% from its all-time high set before the pause for the Juneteenth holiday. The Nasdaq composite also retreated from its record, slipping […]