Author Archive: Jeremy Parkinson
Bitcoin Rally Loses Momentum: Could A Drop To $75,000 Signal The Final Correction?
Image Source: Unsplash Since Donald Trump’s election victory on November 5, Bitcoin (BTC) has experienced a substantial rally, reaching record highs above $108,000. However, this momentum has recently faltered, with the cryptocurrency dropping below the critical $100,000 mark,This has prompted analysts to speculate on a potential deeper correction with some experts believing Bitcoin could dip to levels around […]
Tether CEO teases AI platform launch, targets March 2025
Key Takeaways Tether plans to launch an AI platform by March 2025, as announced by CEO Paolo Ardoino. AI-focused projects are rapidly growing, with significant market activity noted in AI-related crypto tokens. Share this article Tether, the largest stablecoin issuer, plans to launch an AI platform by March 2025, according to CEO Paolo Ardoino’s announcement […]
BTC went viral in 2024. Are USDT and SOL next?
Share this article Solana’s Rise in the MarketSolana (SOL) has emerged as one of the strongest Layer 1 blockchains, witnessing significant growth within the past year. It experienced a remarkable gain of over 200%, escalating its value to $216 in 2024. This surge is attributed to its impressive transaction speeds and lower fees compared to […]
Crude Oil Is Going To Save The Fed
Image Source: Pixabay What a week it’s been! Volatility came back into the picture after the Fed cut rates and Fed Chair Powell exclaimed that there is a concern about inflation over at the Eccles Building. But let’s be real here: When is the Fed ever right about anything?I wish I could confidently say that the central […]
Duolingo Empowers Lily With AI
Photo Credit: slgckgc / Flickr According to a recent report, the global Online Language Learning Market is estimated to grow 13% over the next few years to reach $16.1 billion by 2032. Online language learning service provider Duolingo (Nasdaq: DUOL) recently announced their quarterly results that surpassed market expectations. Duolingo’s Financials Duolingo’s third quarter revenues grew 40% to $192.6 […]
RKLB Stock Gains Amid Rocket Lab’s Record-Setting Year For Launches
Image courtesy of 123rf.com Rocket Lab USA, Inc. (Nasdaq: RKLB), a prominent player in the aerospace industry, is gearing up for a significant mission set to launch today. Listed on Nasdaq under the ticker RKLB, the company is preparing for its sixth launch for Synspective, a key client for the firm. This mission is part of […]
Real Spending Rises 0.3 Percent, Real Disposable Income Up 0.2 Percent
The BEA’s Personal Income and Outlays report for November shows real (inflation-adjusted) disposable personal income rose 0.2 percent and real spending rose 0.3 percent.To arrive at real numbers, subtract the PCE price index spending and income. Personal IncomeThe increase in current-dollar personal income in November primarily reflected an increase in compensation that was partly offset by decreases […]
Hyperliquid’s HYPE token surges past $10 billion market cap
Key Takeaways HYPE surpasses $10 billion market cap, entering the top 25 coins by market capitalization. Hyperliquid’s HYPE token surges 20% in one day, reaching a new all-time high of $30. Share this article Hyperliquid’s native token HYPE surpassed a $10 billion market capitalization, with its price exceeding $30 per token.This milestone comes amid broader […]
Pity The Canadian Dollar As It Gets Hit From All Sides
Photo by Michelle Spollen on Unsplash The last month has not been kind to the Canadian dollar as a variety of different domestic and international developments combined to weaken the loonie. Since the start of 2024, the USD/CAD has appreciated by 7.5%. Worried Canadians travellers, especially at this time of year, and portfolio managers alike have seen the […]
Income And Spending Miss Estimates, But Show Steady Growth Above Inflation
Personal Consumption Expenditures (PCE) read on inflation (an alternative to the CPI, preferred by the Fed) increased +0.1% in November, and +2.4% over the last 12 months. With food and energy prices both rising +0.2%. If we exclude food and energy prices (core PCE), inflation rose +0.1% in November and +2.8% over the last 12 […]
