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Chinese Stocks Tumble After Latest Round Of Property Stimulus Is A Dud

Chinese Stocks Tumble After Latest Round Of Property Stimulus Is A Dud

Image Source: Unsplash After a brief burst of hope that Beijing had finally learned its lesson to not parade with fake “big bazookas” meant to simply boost its stock market for a few days (allowing members of the nomenklatura to sell their holdings into the spike) but to follow through forcefully and with resolve, we regret to inform […]
5 Stocks That Led Dow ETF To New Heights

5 Stocks That Led Dow ETF To New Heights

Image Source: Pexels The Dow Jones Industrial Average rallied to new highs on a solid start to third-quarter earnings. The benchmark topped 43,000 for the first time early this week and is up 14.3% so far this year. SPDR Dow Jones Industrial Average ETF (DIA – Free Report) , which tracks the Dow Jones Index, has gained 15% this year. […]
Is The Federal Reserve A Private Bank? It Doesn’t Matter.

Is The Federal Reserve A Private Bank? It Doesn’t Matter.

Image source: Pixabay After many years of writing articles on the Federal Reserve and central banking, there is one thing I can always expect in the hours following the publication of an article about the Fed: a reader will send me an indignant email insisting that the Federal Reserve is a private organization and that this […]
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) […]