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Archives by Year:
FTSE Off Best Levels As BoE Stands Pat, Sterling Shines
Image Source: Unsplash Thursday’s increase in UK shares followed gains in worldwide stocks following the Federal Reserve’s announcement of a 50 basis point rate decrease. On Wednesday, the Fed reduced interest rates by a more significant 50 basis points than normal. Chair Jerome Powell justified the move by pointing to declining inflation and the need to […]
Tether invests $1.5 million in Sorted Wallet to boost financial access in emerging markets
Key Takeaways Tether’s $1.5 million investment in Sorted Wallet targets financial inclusion in Africa and Southern Asia. Sorted Wallet facilitates secure crypto transactions on basic mobile phones, promoting economic empowerment. Share this article Tether has invested $1.5 million in Sorted Wallet to enhance financial inclusion in Africa and Southern Asia, where many individuals lack access […]
Fed Can’t Save Out Of Control Spending. The Corn & Ethanol Report
We kicked off the day with Current Account, Export Sales, Initial Jobless Claims, Philadelphia Fed Manufacturing Index, Continuing Jobless Claims, Jobless Claims 4-Week Average, Philly Fed Business Conditions, Philly Fed CAPEX Index, Philly Fed Employment, Philly Fed New Orders, and Philly Fed Prices Paid at 7:30 A.M., Existing Home Sales, Existing Home Sales MoM, and […]
Dow, SPX Score Record Highs On Heels Of Rate Cut
The Federal Reserve’s larger-than-expected interest rate cut has Wall Street soaring higher Thursday. The Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) are both up triple digits, while the S&P 500 Index (SPX) heads for its eighth win in nine sessions. While the blue-chip index and SPX have hit a fresh batch of record […]
3 High Yield REITs For Passive Income
Image Source: Unsplash Income investors looking for higher levels of income should consider high dividend REITs. REITs typically own real estate properties that are leased out to tenants.This creates a steady stream of cash flow for REITs, a significant portion of which is paid to shareholders in the form of dividends.The following 3 REITs have strong […]
Existing Home Sales Decline For The 24th Time In 31 Months
Five Key Highlights Existing-home sales fell 2.5% in August to a seasonally adjusted annual rate of 3.86 million Sales are down 4.2 percent from a year ago and are down 39 percent from the cycle high of 6.34 million in January of 2022. The median existing-home sales price fell from $421,400 to $416,700. For the […]
Altcoins Surged More Than 14% After The Fed’s 50 Basis Point Hike
Image Source: Pexels On September 19, market data displayed a sudden surge in altcoin prices right after the Federal Reserve cut the interest rate by 50 basis points. This measure led to significant gains in several altcoins within the last day. Kadena (KDA) surged by 22.64% to $0.65, and the asset was the clear leader in the rally. Saga […]
Olive Garden Parent Firm And Uber Cook Up Delivery Partnership, Stocks Gain
Image courtesy of 123rf.com Darden Restaurants, Inc. (NYSE: DRI), the parent company of Olive Garden, has announced a new multi-year partnership with Uber Technologies (NYSE: UBER) to introduce on-demand delivery services. The collaboration, set to begin in late 2024, aims to address growing customer demand for home delivery options while maintaining control over guest experience and data. Both […]
Bybit backs Ethereum’s first Attackathon with 75 ETH commitment
Key Takeaways Bybit contributes 75 ETH to Ethereum’s first Attackathon, the largest sponsorship to date. WSOT 2024 expands to include both DEX and CEX trading with a $10 million prize pool. Share this article Bybit, the world’s second-largest crypto exchange by trading volume, has announced its sponsorship of Ethereum’s first-ever “Attackathon” with a 75 ETH […]
Maestro – Your one-stop solution for seamless crypto trading
Share this article Trading crypto is fun and can come with many benefits when done right. But truth be told, trading is also complex, with many requirements when it comes to basic crypto, blockchain, market knowledge, risk assessment, and more. So, is it possible to make trading less complex and more intriguing? Well, the short answer is: […]
