Category Archive: Finance, No picture
LEU: A Nuclear Power Play In A Market Set To Prosper From Fed Cuts
Image Source: UnsplashThe Federal Reserve voted to lower interest rates by half a percentage point, the first cut since 2020 and more than many expected. The overwhelming Fed board vote suggests more rate reductions are likely this year. Meanwhile, I continue to like the nuclear power play Centrus Energy Corp. (LEU)This Fed move was clearly somewhat baked […]
The Confidence Board Sends An Ominous Signal, But Nvidia And China Steady The Ship For Now
Image Source: UnsplashThe S&P 500 climbed to a new record high on Tuesday, brushing off a weak consumer confidence report, largely thanks to a surge in Nvidia (NVDAsxp). Still, broader markets moved in lockstep after Chinese stocks soared, thanks to a slew of bold moves by the Chinese central bank to prop up the world’s second-largest […]
DOJ files antitrust lawsuit against Visa
Key Takeaways Visa controls over 60% of U.S. debit transactions, with the DOJ accusing it of using its dominance to stifle competition and raise fees. The DOJ accuses Visa of using restrictive agreements to maintain market dominance. Share this article The US Department of Justice (DOJ) has filed a civil antitrust lawsuit against Visa, alleging […]
Let There Be Darkness
Image Source: UnsplashTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Lumen Technologies (LUMN) has been benefiting massively from the AI fad in recent months, as it has exploded over 600% since July 9!!!!!!!! This is after having endured almost total destruction. I’d say […]
Record Highs For Gold And Gold Positioning
Image Source: UnsplashAs we do at the start of each week, in Monday’s Closer we recapped the latest positioning data from the CFTC’s Commitments of Traders report. In essence, this data highlights whether traders are in aggregate positioned long or short in various futures contracts. In the charts below, we show the historical net percentage of open interest net long […]
Gold Surges To New Record High On ‘Soft’ Data Slump; Stocks & Bonds Dump’N’Pump
Image Source: UnsplashDespite China’s ‘heroic’ measures to save its stock market, US (and European) equities were less than impressed…Source: Bloomberg…the yuan strengthened to 7.01/USD (strongest vs USD since May 2023)…Source: Bloomberg…and that sent the dollar index lower…Source: BloombergDomestically, bad news was bad news… consumer confidence crashed, home price appreciation slowed, and Richmond Fed manufacturing survey collapsed to COVID […]
Ex-Alameda CEO Caroline Ellison sentenced to two years in prison for FTX fraud role
Key Takeaways Ellison gets 2-year sentence for FTX fraud role, cooperation cited in leniency Judge Kaplan said SBF was Ellison’s ‘kryptonite’ Share this article Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison Tuesday by a Manhattan court for her role in the multibillion-dollar FTX crypto exchange fraud. Judge […]
Tesla Approaches Key Resistance Levels Ahead Of Anticipated Robotaxi Event
Image Source: PexelsYesterday, TSLA sealed up its price gap after months of effort, and today the momentum continues as it approaches not one but four resistance objects: three of them being various Fibonacci retracement levels, all clustered tightly together, and the fourth being the descending trendline.I can only suppose that the Robotaxi event in a couple of weeks is the reason for the excitement. […]
Boeing’s Labor Dispute Drags On As Stock Struggles
Image Source: UnsplashBoeing Co. (BA) faces mounting pressure as its largest union rejected the company’s “best and final” offer on Monday, prolonging a strike that has already lasted nearly two weeks. The labor dispute comes amid ongoing financial challenges for the aerospace giant, reflected in its underperforming stock price and negative earnings trajectory. IAM Rejects Boeing’s Latest […]
Bny Mellon’s crypto custody move could disrupt Coinbase’s ETF dominance
Key Takeaways BNY Mellon gains SEC exemption to expand digital asset services. BNY Mellon to bypass balance-sheet liabilities for crypto custody. Share this article BNY Mellon, is moving closer to offering custodial services for Bitcoin and Ether held by ETF clients, according to a report by Bloomberg. BNY Mellon’s entry into the crypto custody market […]
