Category Archive: Cryptocurrency, No picture
Reddit exits Bitcoin and Ethereum investments despite BTC nearing peak
Key Takeaways Reddit sold its Bitcoin and Ethereum holdings in Q3 2023 before the latest price surge. The company’s new investment policy limits cryptocurrency assets and requires board approval. Share this article Reddit, the social media giant, has significantly reduced its crypto holdings, according to an SEC filing released yesterday.Reddit sold off most of its […]
Australian Dollar Steadies Following Mixed Data, US PCE Inflation Eyed
Image Source: Unsplash The Australian Dollar consolidates after mixed economic data from Australia and China’s NBS PMI released on Thursday. Australian Retail Sales rose by 0.1% MoM in September, against the expected 0.3% and the previous 0.7% growth. Traders await the upcoming US PCE inflation data on Thursday and Nonfarm Payrolls on Friday. The Australian Dollar […]
Press release claims to reveal Satoshi on Bitcoin’s whitepaper anniversary—What we know so far
Key Takeaways A press release announces the revelation of Satoshi Nakamoto’s identity on Bitcoin’s 16th white paper anniversary. The crypto community remains skeptical due to previous unverified claims and lacks details on evidence presented. Share this article A new press release has claimed to uncover the true identity of Satoshi Nakamoto, the elusive inventor of […]
Tech Flexes Earnings Power: A Closer Look
Image Source: Unsplash Total Q3 earnings for the 258 S&P 500 members that have reported results through Wednesday, October 30th, are up +8.9% on +5.0% higher revenues, with 74.4% beating EPS estimates and 59.3% beating revenue estimates. Looking at Q3 as a whole, combining the actual results from the 258 index members that have reported with […]
Markets Give Back Gains As Hovering Continues
Image Source: UnsplashMarket indexes could not hold onto earlier gains this afternoon, and all closed near session lows. The moves were mild, though — as we’ve stated in this space previously, the big news the market is waiting for is not here yet: Friday’s Jobs Report, next week’s Fed decision on interest rates, and, of course, […]
Here’s What Wall St. Experts Are Saying About These Media Names Ahead Of Results
Image Source: Unsplash Comcast (CMCSA) is scheduled to announce quarterly results on October 31, while Warner Bros. Discovery (WBD) and Paramount (PARA) are expected to report earnings on November 7 and 8, respectively. What to watch for: POSITIVE VIEW, HIGH VALUATIONS: Earlier this month, Scotiabank raised the firm’s price target on Comcast to $47.75 from $47.25 and kept a Sector Perform rating on […]
Meta Beats On Revenue, Misses On Ad Impressions, Raises CapEx Forecast; Stock Falls As Everyone Is Already Long
Image Source: Pixabay After two stellar Mag 7 earnings (TSLA and GOOGL) in the past week to kick of Q3 megacap tech reports, investors were hoping that the streak would continue when MSFT and META reported after the close (preview here). And while MSFT appears to have succeeded in also beating estimates (its stock is rising […]
The Real Estate Problem
Image Source: Unsplash Weakness in residential real estate is impacting the economy.Video Length: 00:08:28More By This Author:Irrational Exuberance Redux? Weekly Recap & DARP Update – Friday, Oct. 25 Extreme Credit Spreads
US Treasury see stablecoins driving ‘structural demand’ for T-bills
Key Takeaways Stablecoin collateral now accounts for around $120 billion in US Treasury holdings. Potential risks remain due to the stablecoin sector’s dependency on T-bills. Share this article The US Treasury, in a presentation to the Treasury Borrowing Advisory Committee (TBAC), outlined how the growth of stablecoins could reshape demand for Treasury bills, potentially altering […]
S&P 500 Earnings Dashboard 24Q3 – Wednesday, Oct. 30
↵Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 6.0%. Excluding the energy sector, the Y/Y earnings estimate is 8.7%. Of the 257 companies in the S&P 500 that have reported earnings to date for 24Q3, 77.4% reported above analyst expectations. This compares to a long-term average of 66.9%. The 24Q3 Y/Y blended revenue growth estimate is 4.5%. If the energy sector is […]
