July 2024 - Page 173 of 267 -

SEC quietly closes investigation into Paxos – no securities charges against BUSD

Jul 11, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways The SEC has concluded its investigation into Paxos, recommending no enforcement action. This decision follows a court ruling that dismissed a key securities charge against Binance. The US Securities and Exchange Commission (SEC) quietly concluded its investigation into Paxos, the issuer of the stablecoin Binance USD (BUSD), without recommending any enforcement action, Jorge […]

Visualizing Global Energy Production In 2023

Jul 11, 2024 Jeremy Parkinson Finance 0

Global primary energy consumption reached a new record of 620 exajoules (EJ) for the second consecutive year in 2023, up from 607 exajoules in 2022.This graphic shows the sources of energy used globally in 2023, measured in exajoules. Data is from the 2024 Statistical Review of World Energy by the Energy Institute, released in June 2024. Fossil […]

Gold Analysis: Attempts To Recover Recent Losses

Jul 11, 2024 Jeremy Parkinson Finance 0

Gold futures were little changed ahead of two crucial inflation reports later this week. Overall, financial markets have been paying close attention to the language expressed during US Federal Reserve Chairman Jerome Powell’s visit to Capitol Hill to determine any hint of when officials might cut US interest rates. According to gold trading platforms, prices […]

Ripple’s XRP Poised For Crazy Price Surges Following A ‘final Shakeout’

Jul 11, 2024 Jeremy Parkinson Finance 0

While market players anticipate the next robust bull run, financial analyst Good Morning Crypto ignited optimism in the Ripple (XRP) community.He expects a massive 60,000% price surge for the altcoin, suggesting that XRP mirrors a pattern seen before the 2018 all-time highs.The attached price chart displays notable price dips before remarkable upsides.The downtrend, known as […]

We’re Still Playing The Central Bank Waiting Game

Jul 11, 2024 Jeremy Parkinson Finance, No picture 0

We thought at the start of the year that there’d have been more rate cuts from the Federal Reserve by now. We still think things will really get going in September. The half-time reviewFinancial markets started the year expecting six rate cuts from each major central bank. But it didn’t take long for more resilient US activity data, […]

Russell 2000 Earnings Dashboard 24Q2 – Thursday, July 11

Jul 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Russell 2000 Aggregate Estimates and Revisions The 24Q2 Y/Y blended earnings growth estimate is 18.4%. If the energy sector is excluded, the growth rate for the index is 28.4%. Of the 28 companies in the Russell 2000 that have reported earnings to date for 24Q2, 64.3% reported above analyst expectations. The 24Q2 Y/Y blended revenue growth estimate is 0.4%. If the energy sector is excluded, the growth rate for […]

AUD/USD Posts Fresh Six-month High Near 0.6800 As US Inflation Cools Further

Jul 11, 2024 Jeremy Parkinson Finance, No picture 0

The AUD/USD pair jumps close to the crucial resistance of 0.6800 in Thursday’s American session. The Aussie asset strengthens as the US Dollar (USD) plunges after the United States (US) Consumer Price Index (CPI) report showed that inflationary pressures cool down again in June. This has prompted expectations for the Federal Reserve (Fed) to start reducing interest rates from the September […]

Inflation Guy’s CPI Summary (June 2024)

Jul 11, 2024 Jeremy Parkinson Finance 0

Let’s set the stage. Last month (May’s data), core CPI printed at +0.29% and +0.25% on Median. But a lot of that, most of it, was core goods and the question was whether that month was a one-off due to be reversed at some point, or if shelter and other slower-moving things would come along. […]

Sensex Today Ends 27 Points Lower; Shipping Stocks Shine

Jul 11, 2024 Jeremy Parkinson Finance 0

After opening the day marginally higher, benchmark indices reversed the momentum as the session progressed and ended the day lower.Indian benchmarks, Sensex, and Nifty50 indices extended weakness into a second day on Thursday amid selling in L&T, HDFC Bank, Bajaj Finance, ICICI Bank, Sun Pharma, and Bharti Airtel.At the closing bell, the BSE Sensex stood lower by […]

US Inflation Data (CPI) Strengthens The Case For Rate Cuts

Jul 11, 2024 Jeremy Parkinson Finance, No picture 0

S&P 500 is expected to open in the green today after the U.S. Bureau of Labour Statistics said inflation was up less than expected in June. Markets will likely well receive the CPI data as the index declined on a month-over-month basis as well. SPX is currently up close to 20% already versus the start of 2024. CPI data […]