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Archives by Year:
Here’s Why Shake Shack Stock Is Up 14% In August
Image Source: Pexels Shake Shack (NYSE: SHAK) stock has been on a tear over the past week, rising some 14% since the burger and shake chain posted blowout second-quarter earnings on Aug. 1.Shake Shack stock skyrocketed some 18% after it released earnings on Aug. 1 to nearly $105 per share. While it did fall with the rest […]
Ethereum Price: Dormant Wallets Move Massive Amounts Of ETH After 3-Year Hiatus
Image Source: Pixabay Ethereum price could face new downside pressure as hundreds of crypto wallets that have been dormant for more than three years suddenly transfer huge amounts of Ethereum tokens.According to Lookonchain, which tracks the movement of the Ethereum (ETH) tokens, hundreds of dormant wallets that last transacted in 2021 have woken up.After 3.3 years, […]
Chile’s Trade Surplus Skyrockets In July 2024 As Exports Surge: Key Insights You Need To Know
Image Source: Pixabay Chile has reported an impressive increase in its trade surplus for July 2024, reaching $1.3 billion, up from $575 million during the same period last year.This substantial rise underscores the country’s robust export performance, which has significantly outpaced import growth, according to data released by Chile’s Central Bank. Exports drive substantial growth in trade […]
Monday Was An Earthquake – Aftershocks Coming And Then All-Time Highs
Monday changed a lot of things in the stock market. You can call it a mini-crash, a woosh, or an earthquake. One thing is for sure, days like that, especially after historically low volatility regimes, can shake investors’ confidence to the core. People react emotionally and usually not in a good way. They sell when […]
Will Fed Officials Push Back On A Half-Point Interest Rate Cut In September?
BLS unemployment data, chart by Mish Pushing Back, Full Speed Ahead, or Something Else?Bloomberg reports Fed Officials Seen as Likely to Push Back Against Half-Point Cut “We’d never want to overreact to any one month’s numbers,” Chicago Fed President Austan Goolsbee said in an interview with Bloomberg Television’s Michael McKee and Sonali Basak. “Given Fed […]
MetaTrust Labs and ChainSwap announce million-dollar deal to enhance cross-chain privacy
Key Takeaways MetaTrust Labs and ChainSwap announced a strategic partnership backed by a million-dollar agreement. The two firms aim to develop cutting-edge financial privacy tools for a safer and more efficient cross-chain transaction ecosystem. MetaTrust Labs and ChainSwap have formed a strategic partnership valued at up to $1 million to enhance cross-chain financial privacy, the […]
S&P 500 Earnings Dashboard 24Q2 – Wednesday, Aug. 7
Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions 24Q2 Y/Y earnings are expected to be 13.8%. Excluding the energy sector, the Y/Y earnings estimate is 14.7%. Of the 430 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 5.5%. If the energy sector is […]
AYR Wellness Q2 Financial Results Down Across The Board
Image Source: Unsplash AYR Wellness Inc. (AYRWF), a constituent in the munKNEE American Cannabis MSO Stocks Index, reported financial results for the second quarter (Q2) ended June 30th, 2024 today. Unless otherwise noted, all results are presented in U.S. dollars and in comparison to the previous quarter.Q2 Financial Summary Revenue: DOWN 0.6% to $117.3M Adj. Gross Profit: DOWN […]
Stocks To Watch Today: AXON, LYFT, And Novo Nordisk
Image courtesy of 123rf.com In a volatile trading day, three stocks stood out for their significant price movements following earnings reports and corporate updates. Axon Enterprise (Nasdaq: AXON) saw a substantial surge due to strong AI service demand, while Lyft (Nasdaq: LYFT) and Novo Nordisk (NYSE: NVO) experienced sharp declines amid disappointing financial results and lowered […]
Dow, Nasdaq Up Triple Digits As VIX Takes A Breather
The Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) are boasting triple-digit leads this afternoon, while the S&P 500 Index (SPX) is firmly higher as well. Tech stocks are extending their rebound, as the 10-year Treasury yield climbs back to 3.9%, which is where it stood before last week’s jobs data instigated a global market selloff. Meanwhile, […]
