Category Archive: Finance, No picture
What Trump’s Win Means For America And Gold
With Donald Trump back in the driver’s seat, America is gearing up for policies that put the country first: boosting jobs, cutting regulations, and going full-throttle on energy independence. For investors, especially those eyeing gold and silver, things are looking solid. Yesterday’s dip in precious metals prices is just a knee-jerk reaction, a brief sale […]
Commissioner Mark Uyeda favored as next SEC chair
Key Takeaways Mark Uyeda is a strong contender for SEC chair as Trump wins presidency. Gary Gensler is expected to resign before the end of his term. Share this article SEC Commissioner Mark Uyeda is a potential candidate to replace Gary Gensler as SEC Chair following Donald Trump’s victory in the 2024 presidential election, according […]
Asia Week Ahead: China Data Dump In Focus
Image Source: Unsplash China’s data dump will be the key highlight to look out for in a quieter week ahead for APAC. China: Incoming data dumpChina’s Singles Day (Black Friday equivalent for e-commerce) on 11 November will provide us with a view of how consumption is faring – we suspect that given the shift toward value-for-money purchases and […]
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 […]
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 […]
Bank of England cuts interest rates to 4.75% as UK inflation falls below target
Key Takeaways The Bank of England decided to cut interest rates by 25 basis points during its monetary policy meeting today. The reduction is the second rate cut this year following a previous cut in August. Share this article The Bank of England (BoE) lowered its key interest rates to 4.75% from 5% on November […]
Duke Energy Reports $8.15B In Revenue For Third Quarter, $1.62 EPS
Image Source: Unsplash Duke Energy (NYSE: DUK) reported its financial results for the third quarter of 2024, showcasing a mixed performance. The company’s reported earnings per share (EPS) was $1.60, slightly below the $1.62 adjusted EPS. This marks a decrease from the third quarter of 2023, where the adjusted EPS was $1.94. The adjusted EPS figures excluded certain costs like […]
Serenity Now
Image Source: Unsplash Overview: The markets are calmer after yesterday’s post-US election drama. A consolidative tone has emerged in the foreign exchange market, and the dollar is softer against all the G10 currencies, led the 1% gain in the Norwegian krone, after the central bank left rates on hold. Sweden’s Riksbank delivered the expected half-point cut […]
TerrAscend Q3 Financials: 245% Increase In Net Revenue Loss; 12% Decrease In EBITDA
Image Source: Unsplash TerrAscend (TSNDF) reported its financial results for the third quarter (Q3) ended September 30th, 2024 on November 6th. All financial information is provided in U.S. dollars unless otherwise indicated and compared with the previous quarter. Q3 Financial Highlights Net Revenue: DOWN 4.3% to $74.2M Gross Profit: DOWN 4.0% to $36.2M Gross Profit Margin: UP to 48.8% from 48.6% […]
Gold Retreats As Trump Victory Bolsters USD
Image Source: Unsplash Gold prices tumbled over 3% to 2650 USD per troy ounce amid a surging US dollar, influenced by Donald Trump’s definitive win in the US presidential election. As of Thursday, gold prices are holding steady near three-week lows, reflecting ongoing pressure from a robust dollar.Market anticipation has shifted, with investors expecting a more […]
