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Kamala Harris eyes support for crypto industry growth with consumer safeguards: report

Kamala Harris eyes support for crypto industry growth with consumer safeguards: report

Key Takeaways Kamala Harris supports more favorable crypto policies, according to her campaign. The crypto industry seeks stable regulatory rules, notes Brian Nelson. Share this article Vice President Kamala Harris plans that would help and support policies fostering growth in the crypto and digital asset industry while maintaining consumer protections, a report from Bloomberg indicates, […]
Has The Retail Silver Selling Been Exhausted Yet?

Has The Retail Silver Selling Been Exhausted Yet?

Image Source: PixabayThere’s been a lot of retail silver selling over the past years. With dealers reporting customers are in need of cash, or have been sitting on silver that they’ve been waiting for years to sell at a profit.So with the price of silver being near or above $30 for almost 3 months now, has […]
DeFi Technologies Record Quarter, FY:24 Guidance Raised

DeFi Technologies Record Quarter, FY:24 Guidance Raised

Company Description DeFi Technologies Inc. (DEFTF) is a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). The Company aims to provide widespread investor access to digital assets. Record Quarter, FY:24 Guidance Raised; Increase Target Price to US$2.75. DeFi’s underlying profitability reached record highs alongside […]
Ford Cancels Plans For Electric SUV, Expects A $1.9 Billion Loss

Ford Cancels Plans For Electric SUV, Expects A $1.9 Billion Loss

Image Source: PexelsSay goodbye to a vehicle that never should have been conceived in the first place. Customers don’t want it.Bye Bye Electric SUVThe Wall Street Journal reports Ford Cancels Plans for Electric SUV Ford (F) is canceling plans for a large electric sport-utility vehicle and expects to take $1.9 billion in related special charges and write-downs, […]
A Puzzle: Private NFP And The Preliminary Benchmark Vs. Current Official

A Puzzle: Private NFP And The Preliminary Benchmark Vs. Current Official

Image Source: PexelsThe ADP survey cumulative increase in private NFP since 2023M03 is 3.1mn, more than the 2.8mn reported in the current official CES series.In contrast, the preliminary benchmark indicates 819 thousand less in March 2024 than the current official series. Assuming the increases in private NFP since March 2024, the increase in employment is 2.0mn.Figure 1: Cumulative increase […]
Gold Price Stays Around $2,500 Post US Fed Minutes

Gold Price Stays Around $2,500 Post US Fed Minutes

Image Source: Pixabay Gold remains stable above $2,500, buoyed by Fed Minutes suggesting a possible rate cut at the next meeting. The US Dollar Index (DXY) falls 0.20% to 101.10, weakening the Greenback and supporting Gold prices. Investors focus on upcoming US economic data and Fed Chair Powell’s speech at the Jackson Hole Symposium on Friday. […]
Stocks Missed The Warnings Signs All Day Long

Stocks Missed The Warnings Signs All Day Long

Image Source: PexelsThe S&P 500 closed up around 40 basis points. The stock market seemed unfazed by the fact that the VIX and 1-month implied correlation indexes were higher, the yield curve was steeper, and the dollar was weakening. But that’s what CTA flows can do, and those flows have been driving the market for the […]
Destabilizing Market Factors Are Present

Destabilizing Market Factors Are Present

Image Source: UnsplashToday’s market was relatively quiet, with low trading volume as investors largely stayed on the sidelines.The day’s economic data didn’t spark much movement, with most traders keeping an eye on the upcoming speech from Fed Chair Powell, which could be a game-changer.While the market remained calm, there’s a sense that this could just be […]
Stocks And Precious Metals Charts – What Sorrow Awaits The Shepherds Of Lawlessness

Stocks And Precious Metals Charts – What Sorrow Awaits The Shepherds Of Lawlessness

Image Source: UnsplashStocks managed to wobble higher today, in the usual up and down session.VIX crept a little higher.Gold and silver managed to hold their ground, with silver even gaining a little.The Fed is meeting in Jackson Hole.Expectations are running high for a Fed rate cut, especially after the big downward revision in the Jobs number […]
Was The Real Jobs Revision Negative 818,000 Or Negative 915,000?

Was The Real Jobs Revision Negative 818,000 Or Negative 915,000?

I calculated -915,000. Every headline said -818,000. I finally gave up and posted 818,000 but noted a discrepancy. I believe it’s -915,000. Using BLS QCEW data, I calculated a year-over-year decline of 915,000 jobs.I delayed my post this morning for hours trying to match 818,000. I gave up, reported 818,000 but also posted the above […]