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CZ says he’s fully detached from Binance operations: ‘I’m just a regular shareholder now’

CZ says he’s fully detached from Binance operations: ‘I’m just a regular shareholder now’

Key Takeaways CZ has fully detached from Binance operations and views himself as a regular shareholder now. CZ is exploring new ventures in artificial intelligence and biotech while remaining a long-term investor. Share this article Changpeng “CZ” Zhao, Binance’s billionaire founder, says he has no intention of returning to lead the crypto exchange following his […]
Risk-On Sentiment For US Stocks Accelerates

Risk-On Sentiment For US Stocks Accelerates

The appetite for US equity risk has wobbled in recent months, but on the first trading day after Trump’s election victory the bullish signaling revived on several fronts, based on numerous sets of ETF pairs through Wednesday’s close (Nov. 6). The main exception: bonds, which are wilting anew.A sentiment proxy for global asset allocation jumped […]
Jobless Claims: Back To Almost Completely Normal And Neutral

Jobless Claims: Back To Almost Completely Normal And Neutral

Initial jobless claims continued their return to normalcy this week, as they increased 3,000 to 221,000. The four week moving average declined -9,750 to 227,250, which is tied for the lowest number except for two weeks in five months. Continuing claims, with the typical one week delay, rose 39,000 to 1.892 million: As per usual, […]
Sensex Today Tanks 836 Points; Nifty Ends Below 24,200

Sensex Today Tanks 836 Points; Nifty Ends Below 24,200

After opening the day on a negative note, Indian share markets continued the downtrend as the session progressed and ended the day weak.Benchmark equity indices, the BSE Sensex and NSE Nifty retreated from yesterday’s closing and ended lower by over 1% each ahead of the US Federal Reserve’s monetary policy rate decision announcement scheduled for […]
Nasdaq Hits New Highs, But What Now?

Nasdaq Hits New Highs, But What Now?

Image Source: Unsplash  US index futures traded a touch higher in early European trade. But after a big two-day rally, we might see a bit of a slowdown in the buying momentum ahead of the Federal Reserve rate decision later today, with a 25-basis point rate cut being fully priced in. Should the Fed signal a […]
S&P Futures Extend Gains As Trump Trades Cool

S&P Futures Extend Gains As Trump Trades Cool

US equity futures extended their post-election gains, as S&P futures traded near session high with both Tech and small caps outperforming as the dollar eased and yields were flat, as traders continued to map out Trump’s return to the White House and what it holds for the Fed’s interest-rate path. As of 8:00am ET, S&P […]
EUR/GBP Finds Itself Back Down Near Multi-year Lows After BoE Decision

EUR/GBP Finds Itself Back Down Near Multi-year Lows After BoE Decision

EUR/GBP trades marginally lower on Thursday, in the 0.8320s as it consolidates just above two-and-a-half year lows, and the bottom of a five-week range. The pair started Thursday deep in the red after the release of lackluster German Industrial Production and Export data weighed on the Euro (EUR).  EUR/GBP Daily ChartWorld-renowned exporter Germany suffered a bad month […]
The German Government Collapses, Chancellor Scholz Fired His Finance Minister

The German Government Collapses, Chancellor Scholz Fired His Finance Minister

The Traffic Light Coalition finally blew up. What’s ahead?Image clip from Twitter Video.Government CollapsedThe three-way traffic light coalition, named after party colors, finally blew up when Chancellor Olaf Scholz Fired his Finance Minister triggering a vote of confidence. Scholz’s center-left government was the first to be formed after the retirement of Chancellor Angela Merkel, who anchored European politics […]
The Trump Presidency Will Exacerbate International Relations, Especially Concerning China And Europe

The Trump Presidency Will Exacerbate International Relations, Especially Concerning China And Europe

Image source: Pixabay  At the end of Wednesday, the Dow Jones Index (US30) was up 3.57%. The S&P 500 Index (US500) was up 2.53%. The Nasdaq Technology Index (US100) closed up 2.74%. All 3 indices hit new all-time highs. Stocks soared after Republican candidate Trump won the presidential election. Republicans also gained control of the Senate, […]
A Second Trump Term Stokes The Inflation Narrative

A Second Trump Term Stokes The Inflation Narrative

After Tuesday night’s initial election results started to point to increasing odds of a Trump victory, bond yields began to rise sharply, as shown below. The surge in rates was not a sudden move. Over the past month, betting odds favoring a second Trump term and bond yields rose in unison. The narrative emerging from […]