November 2024 - Page 144 of 229 -

Dow Sheds Triple Digits As Post-Election Rally Cools

Nov 12, 2024 Jeremy Parkinson Finance 0

Stocks are finally taking a breather from their record-breaking post-election rally. The Dow Jones Industrial Average (DJI) is carrying a triple-digit midday loss, while both the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are firmly below breakeven as well. Investors are eyeing the release of the consumer price index (CPI) and producer price index (PPI) for October later […]

Amazon steps up AI chip development to cut dependence on Nvidia

Nov 12, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Amazon is developing Trainium 2 AI chips to reduce reliance on Nvidia. Amazon’s capital spending is expected to rise from $48.4 billion to $75 billion in 2024. Share this article Amazon is developing new artificial intelligence chips to boost returns on its semiconductor investments and reduce dependency on Nvidia, as reported by the […]

Space, Tesla, And Tech: Key Picks In The Trump Trade Era To Watch Now

Nov 12, 2024 Jeremy Parkinson Finance, No picture 0

In a volatile trading environment post-Trump election, the market landscape has been characterized by strong uptrends in specific sectors, notably technology and cryptocurrency. Over the past few days, we’ve seen extraordinary movement in key stocks, with Tesla and Bitcoin emerging as focal points. However, today brings a notable pullback, hinting that recent gains may take […]

Weekly Precious Metals Update – Gold Got Trumped

Nov 12, 2024 Jeremy Parkinson Finance, No picture 0

As expected, Donald Trump’s victory in the recent U.S. presidential election has triggered a rally in equities, Bitcoin, and the U.S. dollar, creating significant headwinds for gold and silver prices. Gold has dropped over 4% since Trump’s election, while silver has fallen USD $3 per ounce, or 9%. This reaction from the metals market should come […]

Unlocking ASX Trading Success: QBE Insurance Group Limited

Nov 12, 2024 Jeremy Parkinson Finance, No picture 0

ASX: QBE Insurance Group Limited – QBE Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with QBE Insurance Group Limited – QBE. We see QBE continuing to rise with wave (iii)-orange, and then continuing with wave (v)-orange.ASX: QBE Insurance Group Limited – QBE 1D Chart (Semilog Scale) AnalysisFunction: […]

What a US Strategic Bitcoin Reserve could look like under Trump’s presidency

Nov 12, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Trump’s campaign promise of a US Bitcoin reserve raises questions on its potential impact and implementation. Senator Cynthia Lummis’s Bitcoin Act proposes a strategic reserve, outlining an ambitious plan for the government to acquire up to 1 million BTC over five years. Share this article With Donald Trump’s recent election as President of […]

Home Depot Tops Q3 Earnings And Revenue Estimates

Nov 12, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Home Depot (HD – Free Report) came out with quarterly earnings of $3.78 per share, beating the Zacks Consensus Estimate of $3.64 per share. This compares to earnings of $3.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.85%. A quarter ago, it was […]

Sensex Today Tanks 821 Points; Nifty Ends Below 23,900

Nov 12, 2024 Jeremy Parkinson Finance 0

After opening the day on a positive note, Indian share markets reversed the trend as the session progressed and ended the day weak.Indian benchmark indices traded in the red on Tuesday, weighed down by banking, financial, and auto stocks, amid disappointing earnings and foreign outflows.At the closing bell, the BSE Sensex stood lower by 821 points (down […]

Bitcoin ETFs now hold 95% of Satoshi’s Bitcoin holdings

Nov 12, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways US spot Bitcoin ETFs are just 5% shy of surpassing Satoshi’s estimated stash. Recent inflows into US spot Bitcoin ETFs have accelerated, with a weekly acquisition rate of 17,000 BTC. Share this article US spot Bitcoin ETFs are well on track to surpass Satoshi Nakamoto to become the largest holders of Bitcoin. These […]

The ROI roadmap for a white label exchange: profiting from market momentum

Nov 12, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Share this article The ROI roadmap for a white label exchange platform: costs, revenue, and growthAs we move into 2025, with Bitcoin surpassing $85K and a shifting regulatory environment boosting the crypto sector, market conditions are creating fresh profit potential for emerging exchanges. Crypto exchange software continues to make strides, with advancing trading functionality opening […]