Category Archive: Finance, No picture
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 […]
Russell 2000 Earnings Dashboard 24Q3 – Thursday, Oct. 17
Image Source: Unsplash Russell 2000 Aggregate Estimates and Revisions The 24Q3 Y/Y blended earnings growth estimate is 38.7%. If the energy sector is excluded, the growth rate for the index is 64.7%. Of the 49 companies in the Russell 2000 that have reported earnings to date for 24Q3, 63.3% reported above analyst expectations. The 24Q3 Y/Y blended revenue growth estimate is 1.2%. If the energy sector is excluded, the growth rate for […]
Strong Retail Sales Data And Nvidia Help To Lift Stocks For Now
Image Source: Unsplash Retail sales data was stronger than expected, and rising Nvidia (NVDA) stock prices are helping stocks advance.Video Length: 00:15:16More By This Author:Stocks Finish Mixed As Chip Stocks Struggle To Gain TractionThe Stock Market’s Turning Point Is NearThe S&P 500 And Nasdaq Are At A Big Turning Point
Bitcoin Dominance Hits New Cycle High Of 58.9%, More Pain Before Altcoin Season?
Image Source: Unsplash As Bitcoin (BTC) inches closer to $70,000, its dominance in the wider crypto market has risen to a cycle high of 58.9%. Bitcoin Dominance Rises, Are Altcoins In Trouble? Bitcoin dominance (BTC.D), a metric that measures the proportion of the total cryptocurrency market cap commanded by the leading digital asset, has hit a new cycle […]
U.S. Markets Rise Amid Strong Retail Sales And Manufacturing Data, Boosting Investor Optimism
Image Source: Unsplash Thursday’s market gains seem to reflect optimism driven by solid economic data. Stronger-than-expected retail sales and a surprise rise in the Philadelphia Fed Manufacturing Index indicate that consumer spending and manufacturing are holding up well, suggesting resilience in the US economy despite higher interest rates. The drop in initial jobless claims further reinforces […]
FBI arrests man behind SEC twitter hack posting fake Bitcoin ETF approval
Key Takeaways An Alabama man orchestrated a SIM swap to illegally access and manipulate the SEC’s Twitter account. The fraudulent Bitcoin ETF approval tweet caused a rapid $1,000 increase and subsequent $2,000 decrease in Bitcoin prices. Share this article The Federal Bureau of Investigation (FBI) today announced the arrest of Eric Council Jr., an Alabama […]
Softs Report – Thursday, Oct. 17
COTTON General Comments: Cotton was lower yesterday and trends are turning down on the daily charts as continued stressful weather was seen in the south but export demand was less. There are still ideas and reports of weaker demand potential against an outlook for improved US production in the coming year. There have been demand […]
Elliott Wave Technical Analysis: CAC 40 – Thursday, Oct. 17
Image Source: Unsplash CAC 40 (France) Elliott Wave Analysis Trading Lounge Day ChartCAC 40 (France) Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Gray Wave 2Position: Orange Wave 3Direction Next Higher Degrees: Gray Wave 3Details: Gray Wave 1 has been completed, and now Gray Wave 2 of Orange Wave 3 is unfolding.Wave Cancel Invalidation Level: 7,031.04The Elliott Wave analysis […]
Solana gets new meme coin trading terminal with Jupiter’s Ape Pro
Key Takeaways Ape Pro provides advanced trading tools like real-time token streaming and MEV protection. Jupiter’s new platform Ape Pro simplifies access with one-tap social login. Share this article Jupiter, Solana’s leading DEX swap aggregator, has introduced a new meme coin trading platform called Ape Pro.Ape Pro, announced earlier today through Jupiter’s official X account, […]
