Category Archive: Finance, No picture
Nike Announces CEO Change Amid Restructuring; Stock Surges In Pre-Market
Nike announced a major leadership change, with longtime company veteran Elliott Hill replacing John Donahoe as CEO effective October 14, 2024.Nike Inc. (NKE), the global sportswear giant, is undergoing a significant leadership transition as it grapples with ongoing restructuring efforts and market challenges. The company announced Thursday that CEO John Donahoe will step down, to be replaced […]
EUR/JPY Jumps To Two-week Highs Near 160.00 After BoJ Rate Decision, Eyes On ECB’s Lagarde Speech
The EUR/JPY cross gains momentum around 160.00 during the early European session on Friday. The Bank of Japan (BoJ) decided to keep its policy rate unchanged, as widely expected. However, the uncertain outlook of the BoJ monetary policy is likely to cap the upside of the Japanese Yen (JPY) for the time being. The BoJ […]
Beyond QQQ: Two Nasdaq ETFs For Finding Potential Future Tech Superstars
The Nasdaq-100 Trust ETF, QQQ, is both one of the most loved and most hated ETFs in the US market. Investors who bought and held $10,000 worth 15 years ago on September 10, 2009 have every reason to love it. They now have seen that investment grow to $126,000, an annualized gain of 18.4%. Very […]
USD/CHF Weakens Below 0.8500 Amid Bearish US Dollar
The USD/CHF pair trades on a softer note around 0.8465 on Friday during the early European session. The Greenback remains under some selling pressure after the Federal Reserve’s (Fed) oversized interest rate cut on Wednesday. Traders will take more cues from the Fed’s Patrick Harker speech later on Friday. The Fed decided to cut its key lending […]
Token extensions are “a big good” reason why PayPal taps Solana for stablecoin, says PayPal crypto chief
Key Takeaways PayPal has opted for Solana due to its efficient transaction capabilities and token extensions. Ethereum was deemed unsuitable for high-volume transactions. Share this article Solana’s token extensions were a key factor that drove the expansion of PYUSD, PayPal’s flagship stablecoin, to the Solana blockchain, said Jose Fernandez da Ponte, Senior VP of PayPal’s […]
Is Sea Limited (SE) Stock Finally Ready To Break Out After A 2-Year Consolidation?
Image Source: UnsplashSea Limited (SE) stock has been stuck in a trading range for more than 2 years, following a steep selloff from its high of $360 down to below $100. Despite this consolidation phase, the stock still hasn’t made any decisive moves, leaving traders to wonder if a breakout is on the horizon.While many bottoming […]
BingX pledges to reimburse users after security breach
Key Takeaways BingX suffered a security breach targeting its hot wallet. The exchange commits to fully reimbursing affected users using its own funds. Share this article BingX, a Singapore-based crypto exchange, said it suffered a security breach that led to “minor” losses in its hot wallet on September 20 (Singapore time). The exchange is committed […]
Megatrends
Image Source: PexelsAllow me to share with you the Manufacturers’ Value of Shipments from our friends at the Federal Reserve. This data lags badly, so the chart below is updated through July. The update for August will be tacked on early in October. Still, the data set goes back a full third of a century, so it’s a fascinating […]
Bank of Japan keeps rates unchanged after core inflation firm to 2.8%
Key Takeaways BOJ keeps rates at 0.25% following a 2.8% rise in CPI. US Federal Reserve cuts rates by 50 basis points, contrasting BOJ’s policy. Share this article The Bank of Japan (BoJ) left interest rates unchanged at 0.25% on Friday after August core consumer prices, which came just a few hours before the central […]
BMO Strategist Predicts S&P 500 Could Surge To 6,100 Following Fed Rate Cuts
Image Source: Unsplash Brian Belski, the chief investment strategist of BMO Capital Markets, sees further gains in the months ahead. Belski expects a stronger-than-normal fourth quarter after the Fed indicated plans to lower interest rates. The S&P 500 tanked to about 5,400 in the first week of September but has since recovered. S&P 500 has already […]
