Category Archive: Finance, No picture
Inflation Obsession Takes Center Stage, If Only For A Day
Image Source: PexelsThe S&P 500 slipped slightly from its record high as stubborn inflation reignited hawkish chatter in some corners of Wall Street, putting pressure on stocks. The inflation obsession has dramatically returned, with Fed member Raphael Bostic laying the groundwork for a potential Fed November pause. While inflation did overshoot expectations month-to-month, driven by rising […]
Moderated De-Rate
Image Source: PexelsAs you all know, Powell made quite a scene with his 50 bps cut last month although, oddly, rates have been going UP lately, I suppose because of the fact that the U.S. will be healthy, prosperous, and able to pay back its debts with interest isn’t exactly something you can put in the […]
Why Basic Materials Are The Smart Move Right Now
↵Image Source: Unsplash Today’s CPI report came in a little higher than expected, which was enough to spook the bulls – and remind everyone that inflation is still a force for traders to reckon with. We’ll be reckoning with it again tomorrow morning when PPI is released ahead of the cash open.So long as inflation is […]
Here’s What Experts Are Saying About These Banks Ahead Of Earnings
Image Source: Pexels JPMorgan (JPM) and Wells Fargo (WFC) are scheduled to announce quarterly results on October 11. What to watch for: MOST SIGNIFICANT DISCOUNT: On Tuesday, Wolfe Research upgraded Wells Fargo to Outperform from Peer Perform with a $65 price target. While the firm sees downside to consensus across its rate-sensitive bank coverage and says Wells Fargo is no exception, […]
Bitcoin Investors Accumulate Almost $1 Billion In BTC As Exchange Reserves Falls Towards New Lows
Image Source: Unsplash Although the Bitcoin price faces challenges in breaking out significantly from its support level of $60,000, recent on-chain data reveals a fascinating shift in sentiment among Bitcoin enthusiasts. Despite the ongoing price corrections, it appears that long-term holders remain undeterred. In fact, about 15,917 BTC, valued at approximately $987 million, has been withdrawn from various cryptocurrency exchanges […]
Amazon Stock Outlook: Resistance At $186; Eyes $20B+ Savings
Image Source: Unsplash Amazon: $20B+ Cost Cuts, $186 Stock Hurdle Amazon (Nasdaq: AMZN) might reduce its costs dramatically by deploying autonomous electric vehicles (EVs) for middle- and last-mile deliveries, reports JMP Securities. This development could significantly impact the Amazon stock outlook. The investment firm approximates that these technological improvements could save the e-commerce giant more than […]
Aethir sets up $100M fund for AI and gaming advancements
Key Takeaways Aethir Catalyst includes a $20 million grant program to support tech startups. The fund will issue 336 million ATH tokens to aid AI and gaming projects. Share this article Aethir, a decentralized GPU cloud computing company, has announced the launch of the Aethir Catalyst, a $100 million investment fund aimed at accelerating the […]
A Preview Of Earnings… From Earnings
Image Source: Unsplash Earnings season never really ends. There are times when the number of reports feels like an inundation and times when there are only a handful of companies reporting. There is never a break from the announcements—simply a slowdown. And—while currently in a lull—the last week has seen a few useful releases. To a […]
Investing In The Era Of AI, The Fed And The Economy
Image Source: Pexels Ram Ahluwalia joins Andrew Brill to dive into how AI will reshape industries, creating massive opportunities for some and existential challenges for others. Ram, Lumida Wealth’s co-founder and CEO, also critiques the Fed’s recent rate cut, warning that it could lead to economic overheating because the U.S. economy remains resilient. From AI-driven investments […]
Russell 2000 Earnings Dashboard 24Q3
Image Source: Pexels Russell 2000 Aggregate Estimates and Revisions The 24Q3 Y/Y blended earnings growth estimate is 41.7%. If the energy sector is excluded, the growth rate for the index is 66.8%. Of the 22 companies in the Russell 2000 that have reported earnings to date for 24Q3, 59.1% reported above analyst expectations. The 24Q3 Y/Y blended revenue growth estimate is 1.4%. If the energy sector is excluded, the growth rate for […]
