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Chainlink Data Feeds go live on Starknet

Chainlink Data Feeds go live on Starknet

Key Takeaways Chainlink Data Feeds are now available on StarkNet, enhancing the platform’s DeFi capabilities. The integration supports cost-effective development with reliable data feeds for StarkNet developers. Oracle network Chainlink has launched its Data Feeds, a secure and reliable data source, on the Starknet mainnet, said the firm in a Thursday press release. The deployment […]
U.S. Resilience Continues To Be Challenged

U.S. Resilience Continues To Be Challenged

The US economy has slowed as we suspected it would, but inflation and the jobs market have been more resilient. That’s required the Federal Reserve to keep monetary policy tighter for longer. However the consumer is cooling, unemployment is rising and inflation is showing signs of moderating; we’re expecting the first rate cut in September.Image Source: Pexels The […]
CPI Bet: Romancing Fed Cuts

CPI Bet: Romancing Fed Cuts

Image Source: Unsplash In this short clip, Samantha LaDuc and Craig Shapiro delve into recent economic indicators and Federal Reserve policies.They discuss how various economic data, including non-farm payrolls and PMI readings, have shown a mix of results with some indications of economic slowdown. Craig highlights the Federal Reserve’s cautious stance on monetary policy adjustments in […]
S&P 500, Nasdaq Turn Sharply Lower After Extending Records

S&P 500, Nasdaq Turn Sharply Lower After Extending Records

The S&P 500 Index (SPX) and Nasdaq Composite Index’s (IXIC) seven-day rally could meet its end today, as Big Tech stocks slide following this morning’s cooler-than-expected CPI data. The latter is down nearly 230 points, though both benchmarks notched record highs earlier in the session.The Dow Jones Industrial Average (DJI), meanwhile, is maintaining its gains, while […]
Airline Stocks Face Turbulence After Delta Posts Weak Q3 Guidance

Airline Stocks Face Turbulence After Delta Posts Weak Q3 Guidance

Image courtesy of 123rf.com Delta Air Lines (NYSE: DAL) reported mixed second-quarter results and a disappointing third-quarter forecast on Thursday, sending shockwaves through the airline industry. The news comes as U.S. carriers grapple with excess capacity and pricing pressures, leading to a broad selloff in airline stocks. Delta’s Third-Quarter Forecast Fell Short of Wall Street Estimates Delta Air […]
ETF Gold Holdings Increase Globally For Second Straight Month

ETF Gold Holdings Increase Globally For Second Straight Month

Image Source: Pixabay Gold-backed exchange-traded funds (ETFs) reported net inflows of gold for the second straight month in June.With European funds leading the way, net gold holdings by ETFs globally increased by 17.5 tons last month. May was the first month of positive flows into ETFs in 12 months. ETFs globally hold 3,105.5 tons of gold. Assets under management […]
Stock Market Outlook: U.S. Stock Price Analyse

Stock Market Outlook: U.S. Stock Price Analyse

Image Source: Pixabay For the last few weeks, the outlook for the stock market has continued to escalate higher every day to break new all-time highs. The United States companies continued to increase to new record highs. The Federal Reserve Chairman Jerome Powell supported the price-cut speculation. At the same time, tech titans added the gains.The […]
Inflation Rate Falls To 3% In June – A Kickstarter For Rate Cuts?

Inflation Rate Falls To 3% In June – A Kickstarter For Rate Cuts?

Image Source: Pixabay The rate of US inflation fell significantly in June, dropping to 3% over the past 12 months and declining 0.1% for the month, according to fresh Consumer Price Index (CPI) data published today.The 3% inflation rate, as measured by the CPI, is down from 3.3% in May and is the lowest it has been since June of […]
FTSE Flatlining As Markets Mull Continued US Inflation Pullback

FTSE Flatlining As Markets Mull Continued US Inflation Pullback

Image Source: Unsplash  On Thursday, UK stocks remained steady as losses in aerospace and defense shares balanced out gains in other sectors. Investors kept an eye on U.S. inflation data for insights into the Federal Reserve’s interest rate strategy, which has rapidly repriced for a September rate cut given another decline in inflation. The FTSE 100 […]
Elliott Wave Technical Analysis: Wheat Commodity – Thursday, July 11

Elliott Wave Technical Analysis: Wheat Commodity – Thursday, July 11

Image Source: Unsplash  Wheat Elliott Wave Technical Analysis Function – Trend Mode – Trend Structure -Impulse wave  Position – Wave B of (5) Direction – Wave B of (5) is still in play Details –   Wave A extends lower. Bullish confirmation for wave B is at 592’6.Wheat is extending its decline from late May 2024, nearing a […]