Category Archive: Cryptocurrency, No picture
Solana meme coin Litecoin Mascot soars to $120 million market cap in less than 48 hours of launch
Key Takeaways Litecoin Mascot (LESTER) reached a $90 million market cap within 48 hours of launch. LESTER secured exchange listings and saw a 700% price surge post-launch. Share this article A new Solana-based meme token, Litecoin Mascot (LESTER), just hit a $120 million market capitalization within 48 hours of its trading launch, according to data […]
The Commodities Feed: European Gas Surges On Latest Supply Risk
Image Source: Unsplash Energy – European gas surges, US gas falls Most of the action in energy was in the natural gas markets yesterday. In Europe, TTF settled almost 6% higher on the day and traded to its highest level since November last year. This was on the back of concerns that some Russian pipeline […]
Friday Forex Follies: The Tip Of The Iceberg & Time To Join The Dollar Rally Wagon
Image Source: UnsplashThe U.S. dollar continues to flex its muscles, turbocharged by President-elect Donald Trump’s bold return to the global stage, signalling seismic shifts that could send shockwaves through markets far and wide. Emerging-market stocks, Asian currencies, and global equities are poised for a potential battering as Trump’s tariff-centric policies loom larger. While hedging has begun, […]
Ripple’s XRP token soars 20% to $0.83 after SEC Chair Gary Gensler hints at resignation
Key Takeaways XRP surged 20% to reach $0.83 after Gary Gensler hinted at resignation. New SEC leadership could lead to lawsuit dismissals benefiting XRP and other tokens. Share this article XRP, Ripple’s native token, jumped approximately 20% to $0.83 after Gary Gensler hinted that he might step down as SEC Chairman during a speech on […]
“Big Short” Michael Burry Boosts China Exposure, But Adds Hedges: 13F
Image Source: UnsplashMichael “the Big Short” Burry boosted his exposure to China stocks including Alibaba (BABA), Baidu (BIDU), and JD.com (JD) in the third quarter as Beijing rolled out a stimulus blitz. But he also added new bearish options that would provide downside protection, a move that may have been especially prudent as the Chinese rally recently fizzled as […]
Gold Price Extends Decline On Bullish US Dollar, Investors Brace For US PPI Data
Image Source: Unsplash The gold price trades with a negative bias in Friday’s Asian session. The firmer USD, expectation of a slower pace of Fed rate cuts, exert selling pressure on the Gold price. The US Retail Sales report for October will take center stage later on Friday. The Gold price (XAU/USD) struggles to gain ground around $2,570 […]
Australian Dollar Continues To Face Downward Pressure Following China Key Data
Image Source: Unsplash The Australian Dollar remains under downward pressure due to recent weak economic data. RBA Governor Bullock stated that current interest rates will remain unchanged until the bank gains confidence in the inflation outlook. Fed Chair Powell noted that US economy performance has been “remarkably good,” providing flexibility to ease interest rates gradually. The […]
Abbvie Stock Price Analysis – A Post-Humira Dip, New Drug Hopes, And Election Buzz – Is Now The Time To Buy?
Image Source: Unsplash AbbVie Stock Price Analysis AbbVie (ABBV) has long been a dominant player in the pharmaceutical sector, with a strong focus on immunology drugs like Humira, Skyrizi, and Rinvoq. However, with the loss of Humira’s exclusivity and a recent dip in stock value, many are questioning the future trajectory of AbbVie stock. There are multiple […]
Goldman Sachs holds $461 million in BlackRock’s IBIT, new filing reveals
Key Takeaways Goldman Sachs discloses an 83% boost in BlackRock Bitcoin ETF shares. The bank also expanded investments in other Bitcoin ETFs, including Fidelity’s Wise Origin and Grayscale’s Bitcoin Trust. Share this article Goldman Sachs has expanded its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) to 12.7 million shares valued at $461 million, which represents […]
Is This Home Improvement Giant A Buy Before Earnings?
Image Source: UnsplashThe 2024 Q3 earnings season is slowly winding down, with just a small chunk of S&P 500 members yet to reveal their quarterly results. The period has so far been positive, with earnings growth remaining positive on the back of a strong showing from Technology yet again.Below is a chart illustrating the overall earnings […]
