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IBM Nukes R&D Division In China, Affecting 1,000 Jobs, Report Says

IBM Nukes R&D Division In China, Affecting 1,000 Jobs, Report Says

Image Source: UnsplashShanghai-based business and financial media outlet Yicai reported on Monday that International Business Machines (IBM) plans to shut down its research and development division in China, impacting over 1,000 employees. This comes as China’s economic slowdown gathers pace and US companies are increasingly exiting the world’s second-largest economy, opting for ‘friend-shoring’ or ‘reshoring’ to secure supply chains amid […]
US Bitcoin ETFs hit 8-day winning streak as BlackRock logs $224M net inflows

US Bitcoin ETFs hit 8-day winning streak as BlackRock logs $224M net inflows

Key Takeaways BlackRock’s iShares Bitcoin Trust led US Bitcoin ETF inflows with $224 million on August 26. The iShares Bitcoin Trust now controls over 350,000 BTC. Share this article US exchange-traded funds (ETFs) investing directly in Bitcoin (BTC) posted eight straight days of net subscriptions, drawing in about $202 million on Monday, data from Farside […]
Gold $4900 Upside Target In 3 Years

Gold $4900 Upside Target In 3 Years

Image Source: PexelsGreg Weldon discusses the outlook for the economy, Federal Reserve policy and why we are headed for stagflation. He has potential 3-year upside targets of $4900 Gold and $100 Silver.Video Length: 00:39:03More By This Author:Gold Stocks & Silver Could Take Gold’s LeadMajor Breakouts Coming In Gold Stocks Gold Stocks Are Entering Nirvana
Asia Morning Bites For Tuesday, Aug 27

Asia Morning Bites For Tuesday, Aug 27

Image Source: Unsplash Global Macro and Markets   Global Markets: US Treasury markets took a breather on Monday after recent swings. Yields on 2 and 10Y Treasuries edged slightly higher – the 10Y rose less than two basis points to 3.816%. EURUSD drifted a little lower and is 1.1166 now. Other G-10 currencies followed suit and were steady […]
This Bear Trap Could Be Easy Money Tomorrow

This Bear Trap Could Be Easy Money Tomorrow

Image Source: Pixabay   Final week of Summer – let’s do this!  Markets are choppy ahead of major news later this week…And I see (3) reasons why this Bear Trap might be the easiest money we make all week – don’t miss it!Emini and Nasdaq are bullish on the 60min, and range-bound on the tick charts.Put […]
Financial Markets Report For Monday, Aug 26

Financial Markets Report For Monday, Aug 26

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, August 26.Video Length: 00:14:57More By This Author:Morning Flash Report For Monday, Aug 26Metal Markets Report For Thursday, Aug 22 Financial Markets Report For Thursday, Aug 22
The Canadian Cannabis Report – Monday, Aug 26

The Canadian Cannabis Report – Monday, Aug 26

Image Source: PixabayFor the trading week ended August 23, 2024, my proprietary Canadian Cannabis Company Index (MCCCI) decreased by 5.4% compared to the prior week when it increased by 12.8%. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I […]
Stocks And Precious Metals Charts – Many, Falling Away

Stocks And Precious Metals Charts – Many, Falling Away

Image Source: PixabayA whiff of reality wafted through the equity markets today, as the dose of dovish joy delivered by the Fed’s Dr. Feelgood began to wear thin.VIX still remains in the nominally complacent level, at least by this year’s experience.The Dollar chopped a little higher.Gold finished up a bit as well, moving with the Dollar […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Aug 26

Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Aug 26

Image Source: PexelsStarting with the ES I took a deeper dive into a discussion on the structures off of the 60- and 15-minute charts. The patterns are very hard to recognize but I do manage to make some sense out of it. Both counts (preferred/alternate) remain in play and continue to hold at least 50% probability […]
WTI Extends Recovery Above $76.50 As Libya Production Halt Raises Supply Concerns

WTI Extends Recovery Above $76.50 As Libya Production Halt Raises Supply Concerns

Image Source: Pixabay WTI trades in positive territory for the third consecutive day near $76.75 in Tuesday’s early Asian session.  Libya’s shutdown of production and exports fuelled fresh supply concerns, boosting the WTI price.  The sluggish Chinese economy and oil demand concerns might cap the black gold’s upside.  West Texas Intermediate (WTI), the US crude oil benchmark, […]