October 2024 - Page 33 of 136 -

Stocks Cool Off As Nasdaq Sheds Triple Digits

Oct 15, 2024 Jeremy Parkinson Finance 0

Stocks are cooling off today, as profit taking and lackluster earnings trip up Wall Street. The Dow Jones Industrial Average (DJI) is firmly in the red but off its session lows, weighed down by a post-earnings plummet from UnitedHealth (UNH). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) both lower as well, the latter off by […]

Poland Now Holds More Gold Than Great Britain

Oct 15, 2024 Jeremy Parkinson Finance 0

By Mike MaharreyPoland has joined an elite club.The country has increased its gold reserves to over 400 tons.According to National Bank of Poland Governor Adam Glapiński, the county holds 420 tons of gold “on behalf of all Poles.”Glapiński noted that Poland “has thus entered the exclusive club of the world’s largest gold reserve holders.”Only 10 […]

Trump-backed WLFI token sale falls short, raising just $5 million in first hour

Oct 15, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Trump-backed WLFI token sale underperforms despite 344 million tokens sold. WLFI aims for a $1.5 billion valuation on Ethereum. Share this article The Trump family-backed World Liberty Financial (WLF) token sale launched earlier today, raising only $5.5 million in its first hour. Over 344 million WLFI tokens were sold to nearly 2,900 wallets during […]

Bitcoin inches toward $68,000 following BlackRock’s CEO crypto endorsement

Oct 15, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Bitcoin has surged past $67,000, only 8% away from its all-time high. BlackRock CEO compares Bitcoin to gold, endorsing it as a viable asset class. Share this article Bitcoin hit a high of $67,800 in the last few minutes, edging closer to the $68,000 and being only 8% away from its record high […]

Sensex Today Ends 152 Points Lower; Nifty Below 25,100

Oct 15, 2024 Jeremy Parkinson Finance 0

After opening the day higher, Indian benchmark indices gave up the gains as the session progressed and ended the day on negative note.Benchmark equity indices BSE Sensex and NSE Nifty50 pared the early gains to settle in the negative territory on Tuesday.At the closing bell, the BSE Sensex stood lower by 152 points (down 0.2%).Meanwhile, the NSE Nifty closed […]

Elliott Wave Technical Analysis – Grasim Industries

Oct 15, 2024 Jeremy Parkinson Finance 0

GRASIM INDUSTRIES – GRASIM (1D Chart) Elliott Wave Technical AnalysisFunction: Larger Degree trend Higher (Intermediate degree, orange. Wave (5))Mode: MotiveStructure: ImpulsePosition: Minute Wave ((iii)) NavyDetails: Minute Wave ((iii)) Navy of Minor Wave 5 Grey progressing higher within Intermediate Wave (5) Orange against 2490. Alternatively, Wave (5) Orange is complete above 2900.Invalidation point: 2490Grasim Industries Daily Chart […]

Results Are In: ‘Easy’ Money Policies Build Debt, Hurt Productivity And Affordability

Oct 15, 2024 Jeremy Parkinson Finance 0

The results of the easy money experiments from 2009 to 2022 are widely evident: they yielded record indebtedness and unaffordable housing. This was especially true in Canada, where the median household debt to income was 175% in the second quarter of 2024 from 156% in the fourth quarter of 2008. At the same time, the […]

Goldman Q3 Profit Jumps 45% On Surge In Equity-Trading Revenue As Earnings Beat Across The Board

Oct 15, 2024 Jeremy Parkinson Finance 0

Goldman extended the banks’ solid results this morning when it reported a 45% jump in profit to $3bn in the third quarter, boosted by its equity trading business, while beating solidly on revenues even as the investment bank took another hit from its retreat from retail banking. Goldman’s net income of $2.99bn compared with $2.1bn […]

AI Unicorns: Mistral AI Brings Stiff Competition To Other LLMs

Oct 15, 2024 Jeremy Parkinson Finance 0

Photo Credit: Alexandra_Koch from Pixabay In a market where Open AI and Anthropic remain the giants, there is a relatively new entrant in the space, that is causing quite a stir. Paris-based Mistral AI has been building an alternative to the large language models, and it is being rewarded with a significant market valuation. Mistral AI’s OfferingsMistral AI […]

S&P 500 Hits New Record High

Oct 15, 2024 Jeremy Parkinson Finance 0

S&P has reached a new milestone! S&P500 gained 68% since October 2022 low Nvidia saw a staggering 1,000%+ return (since October 2022) Goldman Sachs predicts S&P 500 to hit 6,000 Overall market outlook remains positive despite dips The US stock market marked a significant milestone on Monday, as the S&P 500 reached a new record high, capping off a remarkable […]