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Tech Selloff Sends Nasdaq, S&P 500 To Worst Day Of 2024

Tech Selloff Sends Nasdaq, S&P 500 To Worst Day Of 2024

A tech sector selloff sent stocks spiraling today, with the S&P 500 and Nasdaq logging their worst single-session drop since September 2022. The Dow followed suit with a 504-point drop to breach 40,000. Tech giants Nvidia (NVDA), Microsoft (MSFT), and Meta Platforms (META) all fell victim to sector weakness following earnings from Alphabet (GOOGL) and Tesla (TSLA). […]
Aging Populations Are Inflationary

Aging Populations Are Inflationary

Image Source: Pexels Alhambra CEO Joe Calhoun says conventional wisdom is wrong and aging demographics are inflationary, not deflationary.Video Length: 00:08:45More By This Author:Trump, Trade, And The DollarGoldilocks EconomyWeekly Recap & DARP Update
Stocks Tank As Yen Trade Unwinds

Stocks Tank As Yen Trade Unwinds

Image Source: Pexels The S&P 500 fell sharply as the Japanese Yen carry appeared to be unwinding.Video Length: 00:09:25More By This Author:Stocks Slump As Risk-Off Sentiment Tightens Its Grip Screaming Of Risk-Off Stocks Rally Back From Last Week’s Steep Decline
How Holy Is Trinity Capital’s 14.7% Yield?

How Holy Is Trinity Capital’s 14.7% Yield?

Investors in Trinity Capital (Nasdaq: TRIN) have gotten used to their dividends steadily increasing.But can they rely on those payouts, or do they need to say a prayer that the dividend gods will continue to bless them? After all, maintaining a 14.7% yield sometimes requires needs a little divine intervention.Trinity Capital is a business development company, or […]
Buy Or Sell Tesla Stock After Disappointing Q2 Earnings?

Buy Or Sell Tesla Stock After Disappointing Q2 Earnings?

Image courtesy of 123rf.com After Tesla (Nasdaq: TSLA) delivered its Q2 earnings on Tuesday, it’s time to assess the company’s long-term viability. The company’s future relies on its ability to scale production and meet affordability against Chinese competitors.After the latest earnings, TSLA stock is down 10%, painting a bleak picture. But what do the figures on Tesla’s EVs […]
Is The Japanese Yen Nearing A Historic Bottom?

Is The Japanese Yen Nearing A Historic Bottom?

Yen. Image Source: Pixabay The Japanese Yen currency has been in a strong selloff for the past 12+ years.Today, we ask: Could the Yen finally be bottoming?As you can see on the long-term “monthly” chart of the Japanese Yen below, the currency needs some bulls.The latest selloff has the Yen testing its 30-year lows. However, the current formation […]
These 7 AI Stocks Were Major Movers On Monday/Tuesday – Here’s Why

These 7 AI Stocks Were Major Movers On Monday/Tuesday – Here’s Why

If you are one of the 7650 individuals signed up to be notified of my articles on the AI, semiconductor, cannabis and psychedelic compound-based drug stocks (see here) you are aware that these articles are usually posted on a weekly basis. That being said, however, a lot can, and does, happen on a daily basis […]
New Home Sales Drop Slightly, Economists Expected A 3.4 Percent Rise

New Home Sales Drop Slightly, Economists Expected A 3.4 Percent Rise

New Home Sales from the Census Department chart by MishEconomists expected a bounce in new home sales from a 619,000 seasonally-adjusted annualized rate (SAAR) to 640,000. Instead, sales fell slightly to 617,000.New Residential ConstructionToday, the Census Department released the New Residential Construction report for June. New Home Sales: Sales of new single-family houses in June 2024 were […]
India Slashes Gold, Silver Import Tax From 15% To 6%

India Slashes Gold, Silver Import Tax From 15% To 6%

Image Source: Unsplash India has a long history of gold and silver, and is known to be a price-sensitive buyer.Which is one of the reasons why the news this week that they slashed the gold and silver import taxes from 15% to 6% is so significant.India has already repatriated its gold from London this year, and […]
DEX MonoSwap suffers staked liquidity loss due to phishing attack on developer

DEX MonoSwap suffers staked liquidity loss due to phishing attack on developer

Key Takeaways DeFi protocol MonoSwap has suffered a major security breach. Most staked liquidity positions have been withdrawn by hackers, causing significant damage to the protocol. MonoSwap, a decentralized exchange (DEX) operating on the Blast framework, was hit by a phishing attack that resulted in staked liquidity losses, said the project in a recent statement. […]