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UBS Just Filed A Lawsuit Against Bank Of America

UBS Just Filed A Lawsuit Against Bank Of America

Image Source: Pexels UBS Group AG (NYSE: UBS) is in focus this morning after filing a $200 million lawsuit against the Bank of America Corp (NYSE: BAC).The Swiss banking giant alleges that Bank of America did not honor indemnification agreements related to risky mortgages issued by Countrywide Financial that BAC bought in 2008. The lawsuit, filed in […]
BlackRock Inc – Chart Analysis

BlackRock Inc – Chart Analysis

Image Source: Unsplash Bob Lang gives a technical analysis of the stock chart for BLK.Audio Length: 00:02:17More By This Author:What Happens To Greedy Traders? Market Blast – July 29, 2024 Intercontinental Exchange Inc. Chart Analysis
Uber Shares Gain On Strategic Partnership With EV-Maker BYD Auto

Uber Shares Gain On Strategic Partnership With EV-Maker BYD Auto

Image courtesy of 123rf.com Uber Technologies, Inc. (NYSE: UBER) and BYD Co. Ltd. announced a groundbreaking multi-year strategic partnership on July 31, 2024, to accelerate the global transition to electric vehicles in the ride-hailing industry. The collaboration between the world’s largest on-demand mobility platform and a leading electric vehicle manufacturer promises to reshape urban transportation across multiple continents.Uber’s […]
SOL set for bullish August amid anticipated developments, says Zeta Markets founder

SOL set for bullish August amid anticipated developments, says Zeta Markets founder

Key Takeaways Solana’s TVL surpassed $10 billion for the first time since December 2021. Solana-based DEXs outpaced Ethereum in monthly spot trading volume. Solana’s decentralized finance (DeFi) ecosystem has been picking up momentum over the last month. On July 28th, the total value locked (TVL) on the chain breached $10 billion for the first time […]
S&P 500 Earnings Dashboard 24Q2 – Wednesday, July 31

S&P 500 Earnings Dashboard 24Q2 – Wednesday, July 31

Image Source: Pexels S&P 500 Aggregate Estimates and Revisions 24Q2 Y/Y earnings are expected to be 12.6%. Excluding the energy sector, the Y/Y earnings estimate is 13.6%. Of the 283 companies in the S&P 500 that have reported earnings to date for 24Q2, 78.4% reported above analyst expectations. This compares to a long-term average of 66%. The 24Q2 Y/Y blended revenue growth estimate is 5.0%. If the energy sector is […]
Copper Can Bounce – Manic Metals Report

Copper Can Bounce – Manic Metals Report

The freefall in copper seems to have stopped and suddenly is starting to latch on to a positive economic environment. As I mentioned last week the surprise interest rate cuts from China probably means they are going to do everything they can to stimulate the economy and there are rumors that they’re getting ready to […]
Nasdaq Up Over 400 Points As Stocks Rally

Nasdaq Up Over 400 Points As Stocks Rally

Stocks are soaring into the conclusion of the Federal Reserve’s two-day policy meeting, with Wall Street cheering upbeat economic data and unpacking the latest corporate reports. As the chip sector rallies, the tech-heavy Nasdaq Composite Index (IXIC) is up 419 points midday, headed for its largest single-day percentage gain since February, while the Dow Jones Industrial Average […]
More Active Storms On The Horizon. The Corn & Ethanol Report

More Active Storms On The Horizon. The Corn & Ethanol Report

We kicked off the day with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Mortgage Market Index, MBA Mortgage Refinancing Index, and MBA Purchase Index at 6:00 A.M., Employment Cost Index, Benefits, Wages, and bottom line QoQ, and Treasury Refunding Announcement at 7:30 A.M., Chicago PMI at 8:45 A.M., Pending Home […]
FTSE Stages Midweek Reversal Ahead Of FOMC And BoE Meetings

FTSE Stages Midweek Reversal Ahead Of FOMC And BoE Meetings

Image Source: Pexels London’s FTSE 100 rebounded on Wednesday, bolstered by gains in energy stocks and positive corporate updates, as investors awaited the U.S. Federal Reserve’s interest rate decision. The blue-chip FTSE 100 index rose 0.9%, rebounding from its worst day in a week on Tuesday. The mid-cap FTSE 250 index increased. Both indexes are on […]
Japan’s Rate Hike And Its Impact On Gold

Japan’s Rate Hike And Its Impact On Gold

It’s the Fed’s interest rate day and the Bank of Japan has just hiked its rates. What’s next?The first sentence explains most of what happened to the prices yesterday and today.The key thing to remember is that gold (and the rest of the precious metals sector) tends to move erratically around the Fed’s interest rate […]