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Dogecoin Flashes Bullish Signal As Elon Musk, Tesla Wins Manipulation Case

Dogecoin Flashes Bullish Signal As Elon Musk, Tesla Wins Manipulation Case

In a significant legal victory for Elon Musk and Tesla, a US district court judge has dismissed a $258 billion lawsuit alleging that the tech mogul and his company manipulated Dogecoin (DOGE) price.The ruling, which came on August 30, 2024, signals a shift in the dynamics surrounding the popular meme coin, impacting its market trajectory […]
Why The U.S. Is Losing Ground In The Critical Global Lithium Market

Why The U.S. Is Losing Ground In The Critical Global Lithium Market

In June, the Energy Institute released the 2024 Statistical Review of World Energy. The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Each year, I write a series of articles covering the Review’s findings.Today’s article will be the last in the series, as I discuss global trends in lithium […]
Bull Of The Day: Fidelity National Information Services

Bull Of The Day: Fidelity National Information Services

Fidelity National Information Services (FIS) , a Zacks Rank #1 (Strong Buy), is engaged in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. FIS shares are widely outperforming the market this year with the backing of a leading industry group. The stock is hitting a series of 52-week highs […]
Bank Of Canada: Three In A Row With 3% Rates Targeted

Bank Of Canada: Three In A Row With 3% Rates Targeted

Photo by Michelle Spollen on Unsplash  The Bank of Canada is widely expected to cut the overnight rate for a third consecutive meeting as slowing inflation and rising unemployment incentivize the central bank to get policy to a more neutral level quickly. We look for rates to fall to 3% by the end of second quarter 2025.  Lower inflation […]
EUR/JPY Rises After Eurozone Inflation Data Lands As Forecast

EUR/JPY Rises After Eurozone Inflation Data Lands As Forecast

EUR/JPY is trading a quarter of a percent higher at just above 161.00 on Friday, after the release of Eurozone inflation data for July met economists’ expectations. Lower-than-expected German and Spanish inflation released prior to the region-wide figure, on Thursday, had set the scene for a similar below-expectations fall in Eurozone-wide inflation. However, this was not in the […]
Mother Of All Housing Bubbles

Mother Of All Housing Bubbles

Image Source: Unsplash  America’s bubblicious economy will soon hit another milestone of sorts—-the $50 trillion mark with respect to the market value of owner-occupied residential real estate. At the present moment, this figure (purple line) stands at $46 trillion (Q1 2024), which is nearly 2X its pre-crisis level of $24 trillion in Q4 2006. It’s also 8X its level when Greenspan […]
Fed Rate Cut Pricing Holds Firm

Fed Rate Cut Pricing Holds Firm

Image source: Pixabay  Thursday’s run of impressive US economic data in the form of GDP and initial jobless claims could very well take any expectation for a 50 basis point Fed rate cut off the table. Nevertheless, despite the stronger showing, the rates market hasn’t really budged, still pricing another 100 basis points of cuts between […]
Sensex Today Hits Record High; Nifty Above 25,200

Sensex Today Hits Record High; Nifty Above 25,200

Asian stocks advanced as upbeat US growth data suggested the Federal Reserve is engineering a so-called soft landing for the economy.The MSCI Asia Pacific Index headed for a fourth month of gains as traders awaited a key US inflation report due Friday.The Dow Jones Industrial Average climbed to a record Thursday, as Wall Street tried […]
Asia-Pacific Markets Rise As US Economic Data Eases Recession Fears

Asia-Pacific Markets Rise As US Economic Data Eases Recession Fears

 Image source: Pixabay   Asia-Pacific markets climb as US economic data eases recession fears. Tokyo’s inflation rises to 2.6%, affecting Bank of Japan’s policy outlook. Dow Jones hits record high; Nasdaq declines due to Nvidia stock drop. Asian markets showed positive momentum on Friday following reassuring economic data from the US and a batch of mixed […]
USD/CHF Recovers Above 0.8450, US PCE Inflation Data In Focus

USD/CHF Recovers Above 0.8450, US PCE Inflation Data In Focus

 Photo by Claudio Schwarz on Unsplash   USD/CHF gains momentum near 0.8480 in Friday’s early European session. US GDP expanded more than expected in Q2; Initial Jobless Claims fell last week.  The Swiss KOF Leading Indicator improved to 101.6 in August from 101.0 in July, better than expected.  The USD/CHF pair extends its recovery around 0.8480 on Friday […]