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Ripple CEO says IPO is not a priority but remains possible amid SEC battle

Ripple CEO says IPO is not a priority but remains possible amid SEC battle

Key Takeaways Ripple CEO states IPO is not a priority due to strong financials and SEC issues. Ripple introduces RLUSD stablecoin to replace USDC and Tether for liquidity. Share this article Ripple CEO Brad Garlinghouse shared insights on the XRP ecosystem’s future, crypto ETF trends, and Ripple’s regulatory challenges in the US during a recent […]
Taiwan Semiconductor Stock Blasts Off As CEO Reaffirms AI Demand Strength

Taiwan Semiconductor Stock Blasts Off As CEO Reaffirms AI Demand Strength

Image Source: Unsplash Taiwan Semiconductor stock (NYSE: TSM) surged in Thursday trading after the company reported a stunning 54% net profit increase thanks to soaring demand for chips used in artificial intelligence (AI).Along with the announcement, the AI stock’s CEO C.C. Wei reassured investors of the artificial intelligence (AI) demand story, providing relief for the market after fellow chipmaker ASML (Nasdaq: ASML) revealed […]
As Go The Semis, So Go The Markets

As Go The Semis, So Go The Markets

The key stock story this morning is Taiwan Semiconductor’s (TSM) raised guidance. Sure, the stock beat its EPS estimate, but as we outlined yesterday, the important part was that it raised guidance. The stock is up nearly 10%, breaking out to all-time highs, and the Philadelphia Semiconductor Index (SOX) recovered much of the ASML-induced losses from […]
Real Retail Sales Increased In September, But Concern – And Their Yellow Flag – Continue

Real Retail Sales Increased In September, But Concern – And Their Yellow Flag – Continue

A periodic reminder, real retail sales is one of my favorite economic indicators, because it tells us so much about the state of the consumer, and since consumption leads employment, it is a short leading indicator for that as well.In September retail sales in August rose 0.4% on a nominal basis. After adjusting for inflation, […]
FTSE Eyes A Test Of 8400

FTSE Eyes A Test Of 8400

Image Source: Pexels As hopes of quicker interest rate decreases were bolstered by indications of reducing inflation, U.K. stocks slightly increased on Thursday. On Thursday, the GBP hit a two-week high. Although the ECB lowered interest rates by 25 basis points as anticipated, the statement said that recent negative surprises in economic activity indices had an […]
Mapped: Home Price-To-Income Ratio Of Large U.S. Cities

Mapped: Home Price-To-Income Ratio Of Large U.S. Cities

Many Americans continue to find homeownership financially out of reach due to rising house prices and stagnant wages, among other contributing factors. But which U.S. cities are the least affordable?One way to assess housing affordability is through the home price-to-income ratio, which measures the ratio of the median home price to the median household income.This map shows the home […]
Mid-October Reading On Business Cycle Indicators – NBER BCDC And Alternatives

Mid-October Reading On Business Cycle Indicators – NBER BCDC And Alternatives

Industrial and manufacturing production below consensus (-0.3% m/m vs -0.1%, -0.4% vs -0.1%, respectively), while retail sales and core retail sales above consensus (+0.4% m/m vs +0.3%, +0.5% vs +0.1%, respectively). Here’s the resulting two pictures, first one for those indicators followed by the NBER BCDC, and the second one alternatives. Figure 1: Nonfarm Payroll (NFP) […]
Industrial Production Unexpectedly Declines 0.3 Percent With Huge Negative Revisions

Industrial Production Unexpectedly Declines 0.3 Percent With Huge Negative Revisions

The Bloomberg consensus was a decline of 0.1 percent. Factoring in negative and positive revisions the decline was about 0.5 percent.Blame the HurricanesThe Fed blames the hurricanes in its September Industrial Production Report. Industrial production (IP) decreased 0.3 percent in September after advancing 0.3 percent in August. A strike at a major producer of civilian aircraft […]
Russell 2000 Earnings Dashboard 24Q3 – Thursday, Oct. 17

Russell 2000 Earnings Dashboard 24Q3 – Thursday, Oct. 17

Image Source: Unsplash Russell 2000 Aggregate Estimates and Revisions The 24Q3 Y/Y blended earnings growth estimate is 38.7%. If the energy sector is excluded, the growth rate for the index is 64.7%. Of the 49 companies in the Russell 2000 that have reported earnings to date for 24Q3, 63.3% reported above analyst expectations. The 24Q3 Y/Y blended revenue growth estimate is 1.2%. If the energy sector is excluded, the growth rate for […]
Strong Retail Sales Data And Nvidia Help To Lift Stocks For Now

Strong Retail Sales Data And Nvidia Help To Lift Stocks For Now

Image Source: Unsplash Retail sales data was stronger than expected, and rising Nvidia (NVDA) stock prices are helping stocks advance.Video Length: 00:15:16More By This Author:Stocks Finish Mixed As Chip Stocks Struggle To Gain TractionThe Stock Market’s Turning Point Is NearThe S&P 500 And Nasdaq Are At A Big Turning Point