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AI Unicorns: XAI Racing To Catch-Up With OpenAI

AI Unicorns: XAI Racing To Catch-Up With OpenAI

Photo Credit: Stefan Keller from Pixabay In 2015, Elon Musk was a key founding member of the OpenAI non-profit entity. But over the course of time, due to disagreements between the rest of the team, he left OpenAI. Last summer, he announced plans to release his own AI-player called xAI. xAI’s Offerings Prior to launching xAI, Musk had […]
Japanese Consumer Inflation Rose In June

Japanese Consumer Inflation Rose In June

The actual figures slightly missed market consensus, but showed that inflationary pressures are building on both the supply and demand sides. We think a reacceleration in service prices should give more confidence to the Bank of Japan.Yen. Image Source: Pixabay Headline CPI inflation stayed at 2.8% YoY in June for a second month (vs 2.8% in May, […]
Chip Wars And Cyber Outages. Manic Metals Report

Chip Wars And Cyber Outages. Manic Metals Report

Image Source: Pexels It’s going to be a rough day on metals when the IMF has the nerve to scold the United States about their path on interest rates cuts and the EU says they’re going to have to pause on their interest rate cut path. This comes on a day where we have chip war […]
Bitcoin surges past $65,000 and sparks rally in Solana meme coins

Bitcoin surges past $65,000 and sparks rally in Solana meme coins

Key Takeaways Bitcoin nearly reached $66,000 today, marking a significant price movement. Solana’s meme coins experienced substantial growth, with PressDog and Cafe leading the surge. Bitcoin (BTC) nearly touched the $66,000 price level today after leaping almost 4% in six hours, according to data aggregator CoinGecko. Notably, BTC must perform a daily close above $65,000 […]
Stocks To Watch Today: Crowdstrike, Tesla, And Serve Robotics

Stocks To Watch Today: Crowdstrike, Tesla, And Serve Robotics

Image courtesy of 123rf.com In today’s volatile market, three stocks are capturing investor attention for vastly different reasons. CrowdStrike Holdings Inc. (Nasdaq: CRWD) grapples with the fallout from a major software glitch, Tesla Inc. (Nasdaq: TSLA) faces disappointing sales figures in a key market, and Serve Robotics Inc. (Nasdaq: SERV) experiences a dramatic surge following a high-profile investment disclosure. CrowdStrike […]
S&P 500 Earnings Dashboard 24Q2 – Friday, July 19

S&P 500 Earnings Dashboard 24Q2 – Friday, July 19

Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions 24Q2 Y/Y earnings are expected to be 11.1%. Excluding the energy sector, the Y/Y earnings estimate is 12.0%. Of the 70 companies in the S&P 500 that have reported earnings to date for 24Q2, 82.9% reported above analyst expectations. This compares to a long-term average of 66%. The 24Q2 Y/Y blended revenue growth estimate is 4.5%. If the energy sector […]
FTSE Closing The Week In The Red Amidst Global Tech Outage

FTSE Closing The Week In The Red Amidst Global Tech Outage

Image Source: Pexels London stocks experienced a decline on Friday as investors reacted to a decrease in domestic retail sales in June, coupled with a drop in commodity prices. The FTSE 100 index fell by 0.11%, indicating a downward trend for the week. The FTSE 250 also decreased. The decline in precious metal miners, with a […]
Elliott Wave Technical Analysis: Cocoa – Friday, July 19

Elliott Wave Technical Analysis: Cocoa – Friday, July 19

Image Source: Pexels  Cocoa Elliott Wave Technical Analysis Function – Counter-trend Mode – Corrective Structure – Emerging Zigzag Position – Navy blue wave ‘c’ Direction – Navy blue wave ‘c’ is still in play Details –  Prices breached 8626 to confirm the progress of wave c (circled). Further sell-off is expected toward 5,000. Wave (ii) appears to be […]
Rho Markets hit with a $7.5 million potential exploit, Scroll blockchain halted

Rho Markets hit with a $7.5 million potential exploit, Scroll blockchain halted

Key Takeaways Rho Markets lost over $7.5 million in a potential exploit on the Scroll blockchain. The responsible parties claim it was due to a price oracle misconfiguration, not a hack. Scroll-based money market Rho Markets lost over $7.5 million after being hit with a potential exploit. The wallet behind the incident drained over 2,203 […]
Business Cycle, Earnings Cycles, And The Outlook For Stocks

Business Cycle, Earnings Cycles, And The Outlook For Stocks

Image Source: Unsplash  Stock market cycles and earnings cycles follow a precise rhythmic pattern dictated by the business cycle. This video shows you how our proprietary business cycle indicator is used to predict earning trends for the S&P 500 and when to expect major turning points in the stock market. Because of the interest expressed by […]