August 2024 - Page 10 of 238 -

July Personal Income And Spending

Aug 30, 2024 Jeremy Parkinson Finance 0

The monthly personal income and spending report is now the most important report of all, except for jobs. That’s becuase it tells us so much about the state of the consumer economy. It is the raw material for several important coincident indicators that the NBER looks at, as well as several leading indicators on the […]

Cloud Stocks: MongoDB Builds On Atlas’ Capabilities

Aug 30, 2024 Jeremy Parkinson Finance 0

Photo Credit: Garrett Heath/Flickr.com MongoDB (Nasdaq: MDB) reported its second quarter results earlier this week that surpassed market expectations. The company continues to invest in AI tools and capabilities that are helping drive the adoption of Atlas. MongoDB’s FinancialsMongoDB’s revenues for the second quarter grew 13% to $478.1 million, ahead of the market’s forecast of $464.2 […]

Blockchain payments are already cutting costs and streamlining settlements – Binance Research

Aug 30, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Blockchain-based remittances settle within an hour, outperforming traditional methods. Solana processes about 1,000 TPS, while Visa has a capacity of over 65,000 TPS. Share this article Blockchain technology is revolutionizing the payments industry with near-instantaneous settlement times and significantly lower costs compared to traditional systems. According to a recent report by Binance Research, […]

Asia Week Ahead: Falls In Inflation In Many Economies Could Help To Speed Up Rate Cuts

Aug 30, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Inflation dominates the Asian calendar, with declines expected in many economies. Philippines: Inflation should drop to 3.3%Even though there is no evidence yet that the July tariff cuts have had much impact on consumer rice prices, the absence of any further increases should be enough to deliver a substantial decline in inflation in […]

Elliott Wave Technical Analysis: Johnson & Johnson – Friday, Aug. 30

Aug 30, 2024 Jeremy Parkinson Finance 0

JNJ Elliott Wave Analysis Trading Lounge Daily Chart,Johnson & Johnson, (JNJ) Daily Chart JNJ Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {iii} of 1. DIRECTION: Upside into wave 1. DETAILS: Looking for a top in wave {iii} soon as the subdivision seems to have provided us with a five wave move within {iii}.JNJ Elliott Wave Analysis Trading Lounge 1H Chart,Johnson & Johnson, (JNJ) 1H Chart JNJ Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (v) of {iii}. DIRECTION: Upside in […]

EUR/USD Forecast: Signal Ahead Of August NFP Jobs Data

Aug 30, 2024 Jeremy Parkinson Finance 0

The EUR/USD exchange rate has suffered a harsh reversal in the past few days as investors focus on the upcoming US non-farm payrolls (NFP) data. The pair retreated to a low of 1.1055, down from this month’s high of 1.1200. European economic dataThe EUR/USD pair retreated after the latest European economic data. A report by the […]

Does The Sahm Rule Point To A U.S. Recession?

Aug 30, 2024 Jeremy Parkinson Finance 0

The Sahm Rule, an indicator that has signaled every U.S. recession since 1949, flashed red in July amid a weaker jobs report.Created in 2019 by economist Claudia Sahm, the rule states that when the three-month average U.S. unemployment rate increases by 0.5 percentage points from the 12-month low, the U.S. is already in a recession. […]

Fed’s Favorite Inflation Indicator Unexpectedly Misses As Savings Rate Plunges To Multiyear Low

Aug 30, 2024 Jeremy Parkinson Finance 0

The broadly weak trend of US macro data was jolted yesterday by the hotter than expected GDP print (hilariously driven by a surge in personal consumption at the same time as Dollar General announced the time of death of the US consumer), which prompted a hawkish shift in rate-cut expectations. However, this morning, the doves get […]

Ethereum Is Pulling Back Again After Yesterday’s Failure

Aug 30, 2024 Jeremy Parkinson Finance 0

Ethereum chart analysisYesterday’s Ethereum price recovery was halted at the significant resistance level of $2596. Following this, we observed a brief period of sideways consolidation, which then led to a bearish impulse towards the $2520 level, a key support level. The price is currently fluctuating within the $2505-$2540 range. The market is relatively stable, awaiting […]

Shiba Inu Price Prediction 2024 – 2030: Will SHIB Price Hit $0.00005 This Bull Run?

Aug 30, 2024 Jeremy Parkinson Finance, No picture 0

With increasing volatility in the crypto market, the meme coins are ready to spearhead the next bull run in the altcoins. However, the second biggest meme coin, Shiba Inu, shows a volatile price range and massive movement on either side.The ongoing price action brings us to the burning questions on every SHIB enthusiast’s mind: “Will […]