Category Archive: Finance, No picture
Week In Review: Zenas Raises $259 Million In IPO
Image Source: UnsplashIt was a rather quiet week for biotech news in the Chinese market. Here is a brief overview of the notable events that occurred during this time. Zenas BioPharma (ZBIO) staged a rare US biopharma IPO worth $259 million to complete development of its lead product, a bifunctional antibody for autoimmune diseases. Hangzhou’s TJ Biopharma, which […]
October 2024 Monthly
Image Source: UnsplashWith the Federal Reserve’s 50 bp rate cut, 7 of the G10 central banks have begun an easing cycle that will extend, broaden, and could accelerate going forward. Australia and Norway will likely join the party next year, while some, like Canada and Sweden, may increase the pace of cuts in Q4. Beijing jumped into the mix, […]
Solana meme coin Moo Deng maintains over $300m market cap, continues to accumulate
Key Takeaways Moo Deng memecoin reached a $300 million market cap shortly after launch. An initial $800 investment in Moo Deng grew to $3.5 million in just 15 days, according to data from Arkham. Share this article The latest animal-themed memecoin to capture crypto traders’ attention is MOODENG, inspired by Moo Deng, a two-month-old pygmy […]
Oil Prices Dip Again As Fears Of Market Oversupply Loom OPEC’s Voluntary Cuts Unwinding to Increase Supply Poor Demand to Keep Prices Muted
After two consecutive weeks of gains, oil prices have fallen back into bear territory this week, as fears about higher supply from Libya and Saudi Arabia outweighed positive signals from China.Earlier this week, Saudi Arabia reportedly decided to ramp up its oil production starting in December, abandoning its earlier target of maintaining a $100-per-barrel oil […]
Silver Retests Swing Highs
Gold closed the week at $2,658 (up $37 since last week) and silver at $31.62 (up $0.47). We discuss the drivers of this week’s new highs, stalling homebuying, and key news next week.Video Length: 00:15:37More By This Author:Powell Surrenders And Gold Gains: SchiffGold Friday Gold Wrap – Friday, August 24Gold Breaks $2500 Silver Has New […]
EURUSD Analysis, EURUSD Price Prediction & EURUSD Week Ahead Forecast – Saturday, September 28
Today you will see EURUSD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for EURUSD. What to expect where the price will breakout for the EURUSD based on the supply and demand zones.Video Length: 00:03:15 More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast – […]
Bitcoin and BNB see gains up to 3% as CZ makes first tweet post-release
Key Takeaways Bitcoin’s $65K breakthrough fuels altcoin FOMO, signaling potential Q4 crypto rally. CZ release and incoming Fed rate cuts could accelerate altcoin momentum as investors seek higher-risk assets. Share this article Bitcoin and Binance Coin (BNB) prices increased by up to 3% as Changpeng Zhao’s first tweet after completing his four-month sentence came in. […]
Volkswagen Cuts Profit Forecast Again Amid Sliding Car Demand
Image Source: UnsplashVolkswagen AG (VLKAF) lowered its profitability forecast for the second time this year due to sliding passenger vehicle demand, highlighting the bumpy transition to electric vehicles. Additionally, Germany’s economy is faltering, if not already in recession, and the pain has been widespread across the automotive sector. The economic slowdown in China has further pressured vehicle sales for luxury German […]
Business Cycle Indicators – August 2024 And Annual Updates
Image Source: PexelsStill hard to see the recession in (preliminary) August 2024 data.Figure 1: Nonfarm Payroll (NFP) employment from CES (blue), implied NFP from preliminary benchmark (bold blue), civilian employment (orange), industrial production (red), personal income excluding current transfers in Ch.2017$ (bold light green), manufacturing and trade sales in Ch.2017$ (black), consumption in Ch.2017$ (light blue), and […]
Three Things – Weekend Reading: Friday, Sept 27
Image Source: PexelsHere are some things I think I am thinking about this weekend:1) High Yield Savings Accounts are Bad.In the aftermath of the Fed’s rate cut “high yield” savings accounts are notifying their customers about their own decline in rates. Accounts like this or Certificates of Deposits are very popular and I am sorry to […]
