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Defying Recent Recession Warnings, Growth Likely To Prevail In Q3

Defying Recent Recession Warnings, Growth Likely To Prevail In Q3

The recent run of forecasts from some corners that a US recession is imminent, or possibly already underway, continue to look premature. Although it’s short-sighted to dismiss various risks that are lurking, which could imperil the expansion down the road, recent data continue to support the case that modest growth rolls on.This is old news […]
In The Fed’s Hands – Manic Metals Report

In The Fed’s Hands – Manic Metals Report

Image Source: Unsplash How Much Power does the Fed have over Gold and Metals? We will find out! Gold prices are hovering near record highs and are pausing the head of today’s most important Federal Reserve decision.The world and the market seem to be fixated on whether the Federal Reserve will cut interest rates by quarter […]
FTSE Investors Cautious As Fed Decision On Deck Ahead Of BoE

FTSE Investors Cautious As Fed Decision On Deck Ahead Of BoE

Image Source: Unsplash Investors are cautious ahead of a highly anticipated yet uncertain Federal Reserve policy decision later today, and British stock indexes declined on Wednesday, following a broadly in-line inflation report. The blue-chip FTSE 100 and an index of midcap equities were both down 0.4%. On Tuesday, both indexes had reached their highest point since […]
Wall Street Lower Ahead Of Interest Rate Move

Wall Street Lower Ahead Of Interest Rate Move

Stocks are slightly lower this afternoon, as investors hope for the Federal Open Market Committee (FOMC) to issue its first interest rate cut in four years later today. The Dow Jones Industrial Average (DJI) is shifting lower, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) both hover just below breakeven . The SPX is now on […]
Cencora pays $75 million in Bitcoin in the largest known case of ransomware attack

Cencora pays $75 million in Bitcoin in the largest known case of ransomware attack

Key Takeaways Cencora paid $75 million in Bitcoin, the largest known cyber extortion payment to date. The healthcare sector is increasingly targeted for high-value ransomware attacks. Share this article Cencora Inc., a major drug distributor, paid $75 million in Bitcoin (BTC) to hackers following a ransomware attack, marking the largest known cyber extortion payment to […]
It’s Rate Cut Wednesday, This Is What The Fed Will Say Today

It’s Rate Cut Wednesday, This Is What The Fed Will Say Today

Half Point StatementWe have made considerable progress combatting inflation. Risks to our dual mandate are more skewed toward an unwelcome weakening of the labor market than an unexpected and unwelcome rise in inflation. Since there is no meeting in October, and since the path of progress suggests we would cut in October if there was […]
Chromia unveils $20 million data and AI fund, plans Asgard upgrade

Chromia unveils $20 million data and AI fund, plans Asgard upgrade

Key Takeaways The fund will foster data cleaning and automation in the blockchain industry. The Asgard mainnet will introduce Extensions, customized chains bringing new functionalities to the platform. Share this article Chromia, a layer-1 relational blockchain, has announced a $20 million Data and AI Ecosystem Fund and the upcoming ‘Asgard’ Mainnet Upgrade at TOKEN2049 Singapore. […]
USD/JPY Forecast: Japanese Yen Hovers Near 13-Month High

USD/JPY Forecast: Japanese Yen Hovers Near 13-Month High

Meanwhile, the Japanese Yen gains came as investors prepare for the latest monetary policy decisions from Japan and the United States this week. The Bank of Japan is expected to keep interest rates unchanged on Friday, but it is likely to indicate more rate hikes. Financial markets are betting that the Bank of Japan will […]
Stock Prices Near Record Highs As Fed Takes Center Stage

Stock Prices Near Record Highs As Fed Takes Center Stage

Will the Fed’s decision push stock prices higher, or is it already priced in?Yesterday, the S&P 500 index reached a new record high of 5,670.81, briefly surpassing the previous high from July 16 before reversing and closing just 0.03% higher. Today’s focus is on the FOMC rate decision, with the announcement scheduled for 2:00 p.m., followed […]
Abbie Inc Stocks Elliott Wave Technical Analysis – Wednesday, September 18,

Abbie Inc Stocks Elliott Wave Technical Analysis – Wednesday, September 18,

ABBV Elliott Wave Analysis Trading Lounge Daily Chart,Abbie Inc., (ABBV) Daily Chart ABBV Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor 3.  DIRECTION: Upside into wave {v} of 3.  DETAILS: Looking for upside into wave {v} as we are trading within the parallel channel where we could eventually seek for support within wave {iv}. ABBV Elliott Wave Analysis Trading Lounge 1H Chart,Abbie Inc., (ABBV) 1H Chart ABBV Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {iv} of 3.   DIRECTION: Bottom in wave {iv}. DETAILS: Looking […]