Category Archive: Finance, No picture
TSMC May Pose A Long-term Threat To U.S.: Here’s Why
Image Source: Unsplash Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) confirmed that artificial intelligence is far from being a bubble as it reported strong third-quarter earnings and raised its revenue outlook for the full year.The company continues to leverage its dominant position in global chip production, maintaining resilience even as peers like ASML warn of weakening demand.While TSMC’s […]
Moo Deng tops list as normies’ favorite meme coin in street survey
Key Takeaways Moo Deng is the most popular meme coin among non-expert crypto participants. Bitcoin’s stability has helped foster a thriving market for meme coins. Share this article Rasmr, a well-known crypto Twitter KOL, recently conducted a survey asking normies—people not deeply involved in crypto or meme coins—which meme coin was their favorite. Since meme coins […]
Solid U.S. Spending Points To Cautious Cuts
Consumers may be feeling less confident on the economic outlook amidst job worries, but for now are happy to continue spending. Financial pressures are building for many households, but strength in consumption from those at the top of the income spectrum is more than offsetting that story. This suggests the Fed will tread carefully with […]
Sam Altman’s WLD token falls 10% following Worldcoin rebrand
Key Takeaways Worldcoin rebrands to ‘World’, token falls by 10%. New World ID 3.0 introduced with advanced privacy features. Share this article Worldcoin, co-founded by Sam Altman, has officially rebranded its network to World in an ambitious move unveiled during a major event held in San Francisco earlier today. Altman and co-founder Alex Blania outlined the […]
Dollar Alternatives Will Be Top Of BRICS Summit Agenda
Image Source: Unsplash U.S. dollar – we’re coming for you!That’s the message ahead of the upcoming BRICS summit set to kick off in Kazan, Russia, next week.The Russian finance ministry and the Central Bank of Russia distributed a document to the media ahead of the meeting outlining topics on the agenda. On top of the list […]
Chinese Stocks Tumble After Latest Round Of Property Stimulus Is A Dud
Image Source: Unsplash After a brief burst of hope that Beijing had finally learned its lesson to not parade with fake “big bazookas” meant to simply boost its stock market for a few days (allowing members of the nomenklatura to sell their holdings into the spike) but to follow through forcefully and with resolve, we regret to inform […]
5 Stocks That Led Dow ETF To New Heights
Image Source: Pexels The Dow Jones Industrial Average rallied to new highs on a solid start to third-quarter earnings. The benchmark topped 43,000 for the first time early this week and is up 14.3% so far this year. SPDR Dow Jones Industrial Average ETF (DIA – Free Report) , which tracks the Dow Jones Index, has gained 15% this year. […]
Ripple CEO says IPO is not a priority but remains possible amid SEC battle
Key Takeaways Ripple CEO states IPO is not a priority due to strong financials and SEC issues. Ripple introduces RLUSD stablecoin to replace USDC and Tether for liquidity. Share this article Ripple CEO Brad Garlinghouse shared insights on the XRP ecosystem’s future, crypto ETF trends, and Ripple’s regulatory challenges in the US during a recent […]
Taiwan Semiconductor Stock Blasts Off As CEO Reaffirms AI Demand Strength
Image Source: Unsplash Taiwan Semiconductor stock (NYSE: TSM) surged in Thursday trading after the company reported a stunning 54% net profit increase thanks to soaring demand for chips used in artificial intelligence (AI).Along with the announcement, the AI stock’s CEO C.C. Wei reassured investors of the artificial intelligence (AI) demand story, providing relief for the market after fellow chipmaker ASML (Nasdaq: ASML) revealed […]
FTSE Eyes A Test Of 8400
Image Source: Pexels As hopes of quicker interest rate decreases were bolstered by indications of reducing inflation, U.K. stocks slightly increased on Thursday. On Thursday, the GBP hit a two-week high. Although the ECB lowered interest rates by 25 basis points as anticipated, the statement said that recent negative surprises in economic activity indices had an […]
