Category Archive: Finance, No picture
Car Market Collapse Sends Major Warning To The Economy
Image Source: Unsplash Car stocks got clobbered as the global auto industry is heading for a major fall. There was a flood of announcements from carmakers all over the world this weekend as carmakers are facing very difficult choices. The fallout from the growing reverse will be profound given how important a rising auto market had […]
Bitcoin’s Uptober Potential: Another Rally In The Cards?
Image Source: Unsplash Except for 2022, the month of October since 2020 has seen Bitcoin’s price swing up over 27% from the beginning to the end of the month. Over the last 10 years, Bitcoin gained just over 21% on average in October, earning its moniker Uptober. November typically follows with even greater average gains of […]
Softs Report – Tuesday, Oct. 1
COTTON General Comments: Cotton was higher yesterday as continued stressful weather was seen in the south. There are still ideas of weaker demand potential against an outlook for improved US production in the coming year. There have been demand concerns about Bangladesh and China and ideas are that production is strong enough. However, Chinese demand […]
Pinduoduo – Major Chinese Turnaround Play
Image Source: Unsplash Summary Pinduoduo shows strong technical indicators: 8% buy signals, 24.14+ Weighted Alpha, 37.83% annual gain, and a Trend Seeker buy signal since 9/27.. PDD Holdings, based in Dublin, operates Pinduoduo and Temu, focusing on digital economy integration with a market cap of $186 billion and a P/E of 13.94. Wall Street analysts are […]
Market Volatility Rises Amid Geopolitical Tensions, Economic Data, And Labor Strikes
Image Source: Unsplash The market is clearly grappling with a range of challenges, from escalating geopolitical risks to labor strikes and mixed economic data. The news of potential conflict between Iran and Israel is adding a significant layer of uncertainty, causing investors to shift towards safer assets like the US dollar, which strengthened as a result. […]
Diddy hires Sam Bankman-Fried’s lawyer in bid for bail ahead of sex trafficking trial
Key Takeaways Diddy has hired Alexandra Shapiro, who also represents Sam Bankman-Fried, for his bail appeal. The judge denied Combs’ $50 million bond, citing public safety concerns. Share this article Sean “Diddy” Combs has hired Alexandra Shapiro, a prominent white-collar appellate lawyer, in his bid to secure bail after being denied release in a Brooklyn […]
Mark your calendars for October 9th: The official Solidus AI tech AI marketplace launch
Share this article The future of AI is about to take a major leap forward with the launch of the AI Marketplace on October 9th. This game-changing platform, powered by SambaNova Systems, is set to revolutionize how we interact with AI technologies, making them accessible to businesses and developers alike.What is the AI TECH AI […]
Bitcoin drops below $62,500 on news of Iran’s imminent missile attack on Israel
Key Takeaways Bitcoin’s price fell below $62,500 amid news of an imminent Iranian missile attack on Israel. Geopolitical unrest, like the Iran-Israel conflict, influences Bitcoin’s market value. Share this article Bitcoin’s value plummeted below $62,500 on Tuesday following reports of Iran’s impending missile strike on Israel, CoinGecko data shows. At the time of reporting, BTC […]
Forex and Bitcoin trading: Exploring the best of both worlds
Share this article In today’s competitive financial landscape, investors and traders seek ways to diversify their investments. Forex, one of the oldest markets, serves as a cornerstone for currency traders, while Bitcoin has disrupted traditional markets, presenting modern opportunities. Despite differing mechanics and histories, both represent lucrative possibilities, particularly in American markets, where BTCUSD pairs […]
Robinhood launches crypto transfers in Europe, denies stablecoin rumors
Key Takeaways Robinhood has launched crypto transfer services in Europe with support for over 20 cryptocurrencies. The company offers a 1% crypto return on deposits as a launch promotion. Share this article Robinhood has expanded its crypto services in Europe, enabling customers to transfer digital assets in and out of its platform. This move reveals […]
