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Grayscale launches new fund indexed to five AI tokens

Grayscale launches new fund indexed to five AI tokens

Key Takeaways Grayscale’s new fund includes five Decentralized AI crypto protocols with quarterly rebalancing. The fund focuses on AI services, solutions to centralized AI problems, and critical AI infrastructure. Grayscale Investments has launched the Grayscale Decentralized AI Fund LLC to expose investors to protocols combining artificial intelligence (AI) and decentralization. The fund includes a basket […]
Dollar Crushed, Stocks Slump

Dollar Crushed, Stocks Slump

Image Source: Pixabay  Overview: The dollar is broadly lower, and stocks are under pressure. Comments by a Japanese official, which did not appear to break new ground, coupled with Trump’s interview in BusinessWeek, where he was critical that Japan was benefiting from a weak yen, despite having apparently spent some $80 bln this year trying to stop […]
Elliott Wave Technical Analysis: Palo Alto Networks Inc.

Elliott Wave Technical Analysis: Palo Alto Networks Inc.

Image Source: Unsplash  PANW Elliott Wave Analysis Trading Lounge Daily Chart,Palo Alto Networks Inc.,(PANW) Daily Chart PANW Elliott Wave Technical AnalysisFUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Minor C.  DIRECTION: Top in wave C.   DETAILS: Looking for completion of Minor wave C to then continue lower in the overall correction in Primary wave 4. PANW Elliott Wave Analysis Trading Lounge 4Hr Chart,Palo Alto Networks Inc., (PANW) 4Hr Chart PANW Elliott Wave Technical AnalysisFUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave {iv} of C.  DIRECTION: Upside […]
EUR/CAD Price Forecast: Bullish Continuation Pattern Forming

EUR/CAD Price Forecast: Bullish Continuation Pattern Forming

EUR/CAD is tipped to go higher if a bullish continuation pattern completes.  The price pattern is enhanced by the ADX indicator rising strongly above 20. EUR/CAD could reach 1.5000 and beyond if it continues bullish momentum.  EUR/CAD is rising strongly as diverging interest-rate expectations favor the Euro (EUR) over the Canadian Dollar (CAD). The pair is trading at […]
Time To Buy This ETF Paying A 70% Yield?

Time To Buy This ETF Paying A 70% Yield?

Image Source: Unsplash  The Tesla, Inc. (TSLA) share price has been on a wild ride through the first half of 2024. The stock’s volatility gives us an opportunity to see how the new breed of single-stock, covered call ETFs perform under extreme market conditions.TSLA opened 2024 at $250.08 per share. The stock proceeded to fall like a proverbial […]
JNJ Q2 2024 Sales Surge To $22.4 Billion, Beating Expectations

JNJ Q2 2024 Sales Surge To $22.4 Billion, Beating Expectations

Image Source: Unsplash  Johnson & Johnson (NYSE: JNJ) has reported its second-quarter 2024 financial results, showcasing a robust performance that underscores the company’s continued focus on innovation and growth.The pharmaceutical giant reported sales of $22.4 billion, marking a 4.3% increase from the same period last year. Operational growth stood at 6.6%, with adjusted operational growth at […]
a16z co-founders endorse Trump, citing crypto and AI policy concerns

a16z co-founders endorse Trump, citing crypto and AI policy concerns

Key Takeaways a16z founders endorse Trump for his pro-crypto policies. Republican tech policy platform for 2024 vows to stop the crypto crackdown. Marc Andreessen and Ben Horowitz, co-founders of prominent venture capital firm Andreessen Horowitz (a16z), have announced their support for Donald Trump in the 2024 presidential race, citing concerns over crypto and AI policy […]
Goldman Sachs Makes A Case For A July Cut

Goldman Sachs Makes A Case For A July Cut

Goldman Sachs has been vocal over the last week or two, making a good case for the Fed to cut rates as soon as the July 31st FOMC meeting. Goldman Sachs strategist Jan Hitzius was quoted as follows: While September remains our baseline, we see a solid rationale for already cutting in July. If the […]
Job Market For Teens Not Exactly Booming In Summer 2024

Job Market For Teens Not Exactly Booming In Summer 2024

If you pay attention to the job trends for American teens and listen to National Public Radio’s Marketplace, you might be in for a bit of a shock. According to this authoritative source, teen summer employment is “still booming”.By that, they mean the percentage of the teen population Age 16-19 that is either working or […]
Why Amazon’s Newfound $2 Trillion Market Cap Is Just The Start For The AI Boom’s Forgotten Tech Giant

Why Amazon’s Newfound $2 Trillion Market Cap Is Just The Start For The AI Boom’s Forgotten Tech Giant

Image Source: Unsplash  Amazon’s (Nasdaq: AMZN) growth has been extraordinary in recent years. After going public in 1997, AMZN waited 21 years to reach a $1 trillion market capitalization in 2018. Just six years on, the stock has reached $2 trillion, and given the rapid emergence of generative AI, it seems that the wait until $3 […]