Category Archive: Finance, No picture
Oil Prices Keep Dropping: Saudi Arabia Shifts Away From $100 Target As It Aims To Reclaim Market Dominance
Oil prices are back in the spotlight, perhaps for not the best reasons. Saudi Arabia, the world’s largest crude oil exporter, is set to increase production in December, abandoning its previously pursued $100 per barrel price target.This decision could reshape the global oil market in the coming months as other producers and consumers adjust to […]
Two Labor Market Warnings
At last week’s FOMC meeting, Jerome Powell clearly stated that recent signs of labor market weakness were an important factor in cutting rates. Therefore, assuming inflation continues to decline, the strength or weakness of the labor market will likely determine how much more they cut the Fed Funds rate. The well-followed BLS, ADP, Jobless Claims, […]
Hut 8 completes pivot to AI market with GPU-as-a-Service launch
Key Takeaways Hut 8 Corp. deployed 1,000 NVIDIA H100 GPUs for its new GPU-as-a-service vertical. The company’s compute layer now includes AI compute, Bitcoin mining, and cloud services. Share this article Bitcoin (BTC) mining firm Hut 8 has initiated its GPU-as-a-service vertical, generating revenue from an AI cloud developer’s inaugural GPU cluster. The cluster in […]
Bear Of The Day: Daktronics
While the market sighed a collective breath of relief after the Fed cut 50-bps, this week has been anything but bullish for the broad market. I’m looking at 5 consecutive red daily candles on the Russell 2000. Long-term investors out there should not despair. Rather, there are going to be a ton of stocks which […]
Curve Finance considers dropping TrueUSD from crvUSD collateral
Key Takeaways Curve Finance’s proposal could end TrueUSD’s role as crvUSD collateral. The proposal suggests Curve Finance’s move is aimed at reducing crvUSD’s exposure to potentially risky assets. Share this article A new proposal for Curve Finance suggests removing TrueUSD (TUSD) as collateral for its stablecoin, crvUSD, due to concerns over TUSD’s stability and regulatory […]
Economic Calendar Heats Up
The BOJ Minutes were out earlier today and offered up no major surprises. The central bank saw more rate hikes ahead, though with uncertainty around the timing and pace of future hikes. Overall, the US Dollar remains under pressure on the monetary policy divergence theme.Video Length: 00:01:03More By This Author:Monetary Policy Divergence Front And Center […]
US New Home Market Muted In August 2024
New home sales in the U.S. were surprisingly muted in August 2024 after rising sharply in July after mortgage rates dropped below seven percent.That’s surprising because 30-year conventional fixed rate mortgages continued falling in August to average 6.5% during the month. Yet, new home sales were down for the month. The initial estimate puts the number of sales in […]
Why Bullish Sentiment In Gold Shouldn’t Worry Investors
Image Source: UnsplashWe analyze current sentiment in Gold by looking at the level of speculation in Gold, public opinion, and assets in all Gold ETFs.Video Length: 00:10:34More By This Author:Gold & Silver Bull Market Will Be Like The 1970sGold & Silver Climb Higher Following Previous SurgeKey Silver Levels You Need To Know
Unity Software (U) Stock: The Big Turnaround Or Just A Quick Swing Trade?
Image Source: UnsplashUnity Software (U) stock has had quite the rollercoaster ride since its IPO, capturing the attention of investors and traders alike. Once hailed as a super growth stock, Unity saw an impressive parabolic run shortly after its debut. However, the bear market of 2022 brought the stock crashing down from $200 to around $20—a […]
US Bitcoin ETFs secure 5-day inflow streak as BlackRock rakes in $184 million
Key Takeaways BlackRock’s iShares Bitcoin Trust led with $184 million in inflows. Total net inflows for US Bitcoin ETFs have reached $246 million so far this week. Share this article US-listed spot Bitcoin exchange-traded funds (ETFs) have notched their fifth consecutive day of positive performance, collectively taking in approximately $106 million on Wednesday. BlackRock’s iShares […]
