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US Dollar Rises Ahead Of Tuesday Presidential Debate

US Dollar Rises Ahead Of Tuesday Presidential Debate

Image Source: Pixabay US Dollar is rising ahead of the presidential debate, continuing its strength despite ongoing dovish Fed easing expectations. Outcome of tonight’s debate between Vice President Harris and former President Trump might shake the USD’s ground. Dovish bets on the Fed might limit the USD’s upside. The US Dollar Index, a measure of the […]
Elon’s Robotaxis Will Transform Everything

Elon’s Robotaxis Will Transform Everything

Image Source: PexelsIn Ernest Hemingway’s novel, “The Sun Also Rises,” one of the main characters is asked how he went bankrupt.His response: “Two ways. Gradually, then suddenly.”Slowly at first, then all at once.This is how waves of technology happen.They build slowly, then suddenly they’re everywhere.Take the internet. In the ’90s, we slowly downloaded AOL CDs onto […]
NFIB “Mood On Main Street Darkens” Small Business Optimism Dips

NFIB “Mood On Main Street Darkens” Small Business Optimism Dips

Image Source: PexelsThe July jump in small business optimism momentum lasted precisely one month.Small Business Optimism Dips in AugustThe NFIB reports Small Business Optimism Dips in August The NFIB Small Business Optimism Index fell by 2.5 points in August to 91.2, erasing all of July’s gain. This is the 32nd consecutive month below the 50-year average of 98. […]
Academy Sports + Outdoors Reports Mixed Q2 Results

Academy Sports + Outdoors Reports Mixed Q2 Results

Academy Sports + Outdoors (ASOas) recently released its financial results for the second quarter of 2024, revealing a mixed performance. The company’s net sales declined by 2.2%, while comparable sales saw a sharper drop of 6.9%. Despite these declines, the company reported a GAAP diluted earnings per share (EPS) of $1.95. On an adjusted basis, the diluted EPS […]
The Stocks Markets One Day Rally Appears To Be Over

The Stocks Markets One Day Rally Appears To Be Over

Photo by Timothy Newman on UnsplashStocks are falling, with oil dragging down rates and the carry trade.Video Length: 00:06:19More By This Author:Stocks Jump, But Are Nearing Two Big Levels Of Resistance A CPI Miss Would Be Bad News For Stocks The Market Is Positioning Itself Ahead Of The Big Job Report
General Mayhem

General Mayhem

Image Source: PixabayLast week was good from end to end (in spite of a stupid holiday robbing us of Monday – – but let’s be fair, holidays like Labor Day can’t be as respected and important as Juneteenth). Yesterday was also good. Today as well. I’m starting to get nervous at all this goodness.One of my many short ideas which is thriving is […]
US Productivity Growth: Downside, Upside

US Productivity Growth: Downside, Upside

Image Source: PixabayOver time, a rising US standard of living is driven by productivity growth. Michael Peters succinctly describes the problem in “America Must Rediscover Its Dynamism” (Finance & Development, September 2024). He writes: The US economy has a multitrillion-dollar problem. It’s the dramatic slowdown in productivity growth over the past couple of decades. Between 1947 […]
Gemini: Crypto adoption steady despite market downturn

Gemini: Crypto adoption steady despite market downturn

Key Takeaways 70% of past crypto owners likely to buy crypto in the next year. 37% of US crypto owners hold digital assets through ETFs. Share this article Crypto adoption remained consistent in the US, UK, Singapore, and France since 2022, despite recent market downturns, according to Gemini’s “2024 Global State of Crypto Report.” The […]
EUR/GBP Price Analysis: Bearish Outlook Persists, Pair Continues Sideways Trading

EUR/GBP Price Analysis: Bearish Outlook Persists, Pair Continues Sideways Trading

Image Source: Pixabay A bearish outlook remains, with RSI below 50 and MACD. Selling pressure is declining, indicated by decreasing red MACD bars. In Tuesday’s session, the EUR/GBP pair mildly rose to 0.8440 and is showing that the technical outlook remains mixed. Bears seem to be taking a breather after shedding more than 1% in August, […]
ING Bank: This Gold Rally Is Just Getting Started

ING Bank: This Gold Rally Is Just Getting Started

ING Bank photo from Wikimedia Commons and used under a Creative Commons License. ING Bank has revised its short and midterm gold price forecast higher, saying the gold rally is “just getting started.”The Dutch financial group cites the prospect of a Federal Reserve rate-cutting cycle, geopolitical risks, and uncertainty going into the presidential election as potential catalysts […]