Category Archive: Finance, No picture
What A Change-Interest Growing On Buying U.S. Debt – The Corn & Ethanol Report
We kicked off the day with NY Empire State Manufacturing Index at 7:30 A.M., S&P Global Composite PMI Flash, S&P Global Manufacturing Index PMI Flash, and S&P Global Services PMI Flash at 8:45 A.M., Wxport Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M., and NOPA Crush at 11:00 A.M.Photo by Jesse Gardner on Unsplash […]
Ripple’s RLUSD stablecoin set to launch Tuesday as XRP token jumps 8%
Key Takeaways Ripple announces RLUSD stablecoin launch for December 17, 2024. XRP token surges 8% on RLUSD news, reaching $2.56 with a $146 billion market cap. Share this article Ripple has officially announced that its USD-backed stablecoin, Ripple USD (RLUSD), will launch on Tuesday, December 17, 2024.Initially, the stablecoin will be available on exchanges including […]
Market Insights: AI, Drones, And Big Data Stocks To Watch Now
Image Source: Unsplash Market Insights and Top Stock Picks: December 16, 2024 As we approach year-end, the markets are buzzing with activity, and today is no exception. Below, we’ll break down the macro environment and highlight the top stock picks of the day, analyzed using StoryTrading’s signature 4-pillar strategy: ⚡ Catalysts, ❤️ Sentiment, 📊 Fundamentals, and […]
Ethena Labs debuts USDtb backed by BlackRock’s BUIDL
Key Takeaways Ethena Labs launches USDtb, a stablecoin backed by BlackRock’s BUIDL, maintaining 90% reserves in BUIDL. USDtb operates independently from USDe and is available on Ethereum mainnet, Base, Solana, and Arbitrum through LayerZero integration. Share this article Ethena Labs has launched USDtb, a new stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). […]
S&P 500 Retreats As Expected Rate Cuts In 2025 Drops To Two
The Fed giveth and the Fed taketh away.That’s the lesson for investors following the week-to-week action in the S&P 500 (Index: SPX), which fell by over 0.6% to close out the trading week ending on Friday, 13 December 2024 at 6,051.09.That retreat came after the preceding week’s near one-percent gain, which came as expectations there would be […]
SMCI Plummets After Nasdaq 100 Removal Announcement
Image Source: Unsplash Super Micro Computer, Inc. (SMCI) is set to be removed from the Nasdaq 100 Index, a change scheduled to take effect before the market opens on December 23, 2024.The announcement has already immediately impacted the company’s stock, with shares dropping 15% in pre-market trading at the time of writing. This development comes amidst […]
Euro And Pound Get Some Help From PMI Reads
Image Source: Unsplash Solid preliminary PMI data out of the Euro area helped to keep the Euro supported into dips, though overall, we haven’t seen all that much activity in markets thus far on Monday. The focus now shifts to the North American session where we get US flash PMIs, empire manufacturing and Canada housing starts.Video […]
SoftBank CEO to unveil $100 billion investment in US AI sector during Trump meeting today
Key Takeaways SoftBank Group’s founder is set to announce $100 billion investment in AI during a visit with Trump. The initiative focuses on semiconductor manufacturing and AI development projects. Share this article SoftBank Group Corp. CEO Masayoshi Son plans to announce a $100 billion investment in US artificial intelligence infrastructure during a meeting with President-elect […]
Ethereum At Risk As Justin Sun Moves To Withdraw 52,905 ETH
Ethereum (ETH) faces potential market volatility after Tron (TRON) founder Justin Sun announced his intention to withdraw 52,905 ETH, valued at around $209 million, from Lido Finance (LDO).Sun’s decision comes on the heels of a recent sell-off when Ethereum hit the $4,000 mark, raising questions about his intentions. Withdrawal raises concerns over market impactJustin Sun’s decision […]
Unlock Massive Dividends With These High-Yield Bitcoin ETFs
Until fund sponsors developed ETFs that pay big dividends, I viewed cryptocurrencies as products without any practical use. But now, with the advent of covered call ETFs that use Bitcoin as the underlying asset, I have become a Bitcoin fan.A recent Wall Street Journal article discussed why the limited supply is fueling the Bitcoin rally. The article […]
