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Italy’s government to drop plans to implement a 42% tax on crypto trading: report

Italy’s government to drop plans to implement a 42% tax on crypto trading: report

Key Takeaways Italy plans to reduce the proposed crypto capital gains tax from 42% due to industry pushback and political disagreement. An amendment has been proposed to limit the tax increase to 28% instead of the initially planned 42%. Share this article The Italian government will drop plans to increase the tax on crypto capital […]
FTSE In The Red As Copper Price Pressure Miners

FTSE In The Red As Copper Price Pressure Miners

The FTSE 100 index in the UK declined on Tuesday as mining stocks dropped, and Ashtead’s shares fell after the company cautioned about lower-than-anticipated annual profits and announced plans to shift its primary listing from London to New York. The blue-chip FTSE 100 decreased by 0.5%, while the midcap FTSE 250 is also in the […]
Small Business Optimism Shows Biggest Monthly Increase In Its 38 Year History

Small Business Optimism Shows Biggest Monthly Increase In Its 38 Year History

National Federation of Independent Business (NFIB) small business optimism soared in November, hitting 101.7 (street was expecting 94.7). The index has risen for a 3rd consecutive month, and 7 out of the last 8 months. A reading of 101.7 is the highest in 41 months, and marks the first time since December 2021 that the […]
Microsoft shareholders reject proposal to add Bitcoin to balance sheet

Microsoft shareholders reject proposal to add Bitcoin to balance sheet

Key Takeaways Microsoft shareholders rejected a proposal to add Bitcoin to its balance sheet. The proposal was declined due to concerns about Bitcoin’s volatility. Share this article Microsoft shareholders voted against a proposal to explore adding Bitcoin to the company’s balance sheet during its annual meeting. The proposal, introduced by the National Center for Public […]
Chinese Central Bank Resumes (Official) Gold Purchases 
                    
 
China Likely Has More Gold Than Reported

Chinese Central Bank Resumes (Official) Gold Purchases   China Likely Has More Gold Than Reported

 After a six-month pause, China’s central bank officially resumed gold purchases in November. According to data released by the People’s Bank of China, it added about five tons of gold to its reserves in November. China was the biggest central bank gold buyer in 2023, but it stopped announcing increases to its reserves in May. Even with the […]
Unlocking ASX Trading Success: Amcor Plc

Unlocking ASX Trading Success: Amcor Plc

AMCOR PLC – AMC Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with AMCOR PLC – AMC. We see ASX:AMC possibly pushing a little lower in the short term, then possibly starting to push higher with a 3-grey wave.AMCOR PLC – AMC 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Intermediate degree)Mode: […]
DWF Labs launches $20 million AI agent fund

DWF Labs launches $20 million AI agent fund

Key Takeaways DWF Labs has launched a $20 million fund to support AI agent development in the Web3 space. The fund offers up to $100,000 in cloud credits and aims to integrate AI applications into decentralized networks. Share this article DWF Labs, a leading market maker and investor in the digital economy, has introduced a […]
Why O.XYZ believes the journey towards true AI privacy is a much bigger task than we think

Why O.XYZ believes the journey towards true AI privacy is a much bigger task than we think

Share this article By Ahmad Shadid, Founder of O.XYZThere’s no doubt that we’re seeing unparalleled advancements in artificial intelligence, but beneath all this progress lies an unsettling reality: AI, as we know it, is far from private.Dominated by a handful of centralized powerhouses—our AI landscape revolves around the proprietary models of Google, Microsoft, Amazon, Meta, […]
Why The S&P Will Drop 25% In 2025

Why The S&P Will Drop 25% In 2025

It’s been a great time in the market with the S&P +31.46% over the last year. But – for a number of reasons – I suspect 2025 will surprise many in being a bad year with the S&P dropping 25%.The first reason is extreme overvaluation. We are frequently told that the S&P is trading at […]
Is The Downshift In US Inflation Stalling?

Is The Downshift In US Inflation Stalling?

Disinflation has stalled recently, but economists are debating if this is a temporary blip that will soon give way to a softer trend. Tomorrow’s consumer price report for November will be widely read for an update.The consensus forecast anticipates that the trend will more or less hold steady. The year-over-year change in headline consumer prices […]