Category Archive: Finance, No picture
U.S. Recession Odds Fall With Fed Rate Cut, But Are Still Elevated
As expected, the probability of a U.S. economic recession began to diminish rapidly after the Federal Reserve implemented a half-point rate cut at its mid-September 2024 meetings.The change follows the recession odds setting a “triple-top” pattern, in which the probability of recession peaked for the third time after breaching a 70% threshold. The probability of recession […]
FX Daily: Markets Call A Republican Clean Sweep
Image Source: Unsplash Trump trades have boosted the dollar across the board as consensus rapidly grows around a Trump win. Markets are pricing in – even if potentially not in full – that the Republicans will also control Congress, but the House race remains very close. The call on the House will likely determine how far the dollar […]
Bitcoin price hits new all-time high of $74,900
Key Takeaways Bitcoin reached a new all-time high of $74,978, surpassing its previous record. China’s fiscal stimulus and US election outcomes are influencing the crypto market. Share this article Bitcoin reached a new all-time high of $74,978 according to CoinGecko data, surpassing its previous record of $73,777, before settling at $74,518.Google search interest for Bitcoin […]
Elizabeth Warren secures third term, defeats crypto advocate John Deaton in Massachusetts
Key Takeaways Elizabeth Warren won her third term in the Massachusetts Senate race against crypto advocate John Deaton. Warren has been a vocal critic of the crypto industry and championed increased regulation and anti-money laundering legislation. Share this article Sen. Elizabeth Warren won re-election to a third consecutive term in the Massachusetts Senate race, defeating […]
Central Bank Gold Demand Rebounded In September
Image Source: Unsplash After slowing in August, central bank gold buying rebounded in September.On net, central banks globally added 40 tons of gold to their reserves. This compares to an 8-ton increase in global central bank gold holdings in August, according to the latest data compiled by the World Gold Council.Total central bank gold reserves increased […]
ZachXBT’s NFT accidentally becomes a $15 million meme coin on Base
Key Takeaways ZachXBT’s NFT investigation document was unintentionally converted into a $15 million meme coin on the Base network. The Zora protocol’s lack of interface clarity regarding ERC-20 token creation led to the meme coin’s emergence. Share this article A token unintentionally created by blockchain investigator ZachXBT on the Base network, has reached a $15 […]
The Great Escape: Fleeing The Fiat Fortress
Image Source: Unsplash Investors, once content with the comfortable predictability of fiat currency, are starting to look for an alternative. The era of unquestioning faith in government-backed money may be nearing its end.There are three primary functions of money. Medium of Exchange: Money facilitates the exchange of goods and services. Unit of Account: Money measures value. […]
Stocks Are Seeking Higher Lows Ahead Of The Election
Image Source: Unsplash If you were on my stream yesterday afternoon, you heard me talk about the improving condition of the market’s internals.This improvement has continued today; we’re seeing the right things (i.e., leadership) from the right sectors. Biotech is looking increasingly strong and so are the crypto markets.Bonds are trying to find a floor and […]
Hamster Kombat loses 259 million players in less than 3 months
Key Takeaways Hamster Kombat lost 259 million users, dropping its player base by 86% by November 5. HMSTR token price decreased 66% since its peak, despite a rise in total addresses. Share this article Hamster Kombat, a tap-to-earn game on Telegram, has lost 259 million users since August, with its active monthly player base dropping […]
Is Qualcomm Facing Tough Q4 Earnings Outlook? Here’s What You Need To Know
Image Source: Unsplash On November 5th, 2024, JP Morgan cut its price target for Qualcomm Inc (Nasdaq: QCOM) from $210 to $195, citing ongoing challenges in the smartphone market.Analyst Samik Chatterjee expressed concerns over fading inventory replenishments by Chinese smartphone OEMs, along with Qualcomm’s lost revenue from Huawei and Apple’s shift towards in-house modem chips.Despite maintaining […]
