Category Archive: Finance, No picture
Crude Oil Demand Concerns Intensify
US oil prices eked out a small gain last week, ending a 4-week losing run. It looks like it was the hurricane disruptions that helped WTI recoup its losses for the week. Indeed, the Brent oil contract finished down for a fifth week. Both oil contracts thus remain in danger of resuming lower, with investor […]
Binance founder CZ to be released from prison on September 29, confirms US Federal Bureau of Prisons
Key Takeaways Changpeng Zhao will be released from prison on September 29, 2023, after serving a 4-month sentence. CZ’s sentence stems from failing to implement effective anti-money laundering measures at Binance. Share this article Binance founder and former CEO Changpeng “CZ” Zhao is set to be released from Long Beach Residential Reentry Management (RRM) on […]
The Energy Report: Slow Motion – Monday, September 16
Oil prices are recovering in slow motion as geo-political risks run high and a slower than expected oil and gas production comeback after Hurricane Francine tore through the Gulf of Mexico. On the flip side, global demand fears are still strong on weak manufacturing data and more fears that China’s economy is slowing. The Fed […]
Bitcoin inflows surge $436 million as Ethereum funds face outflows
Key Takeaways Digital asset investment products saw $436m inflows after a period of $1.2bn outflows. Bitcoin received $436m inflows, while Ethereum faced $19m outflows amid L1 profitability concerns. Share this article Bitcoin (BTC) funds registered $436 million in inflows last week, while Ethereum (ETH) funds bled $19 million in the same period, as reported by […]
Greenback Continues To Trade Heavily Amid Heightened Speculation Of A 50 Bp Cut Wednesday
The markets are continuing to be impacted by the possibility that Fed officials planted a press report to put 50 bp cut back on the table after the market had moved away from it after the recent jobs data and CPI. In the Fed funds futures, there is around an 80% of a half-point move […]
S&P 500 Rebounds As Fed Plans Size Of September 2024 Rate Cut
The trading week ending Friday, 13 September 2024 saw the S&P 500 (Index: SPX) rise 4.0% above its previous week’s close. The index ended the week at a level of 5,626.02, almost erasing the previous week’s decline.During the past week, there was one overarching factor that influenced investor expectations, which ties to the Federal Reserve’s upcoming interest rate […]
TRON DAO featured as Title Sponsor at KBW, showcases growing meme coin ecosystem
Share this article Geneva, Switzerland – September 16, 2024 – TRON DAO took center stage as a Title Sponsor at Korea Blockchain Week (KBW), an annual global blockchain and Web3 festival in Seoul, South Korea. Dave Uhryniak, Community Spokesperson at the TRON DAO, delivered a compelling keynote on the fast-growing meme coin ecosystem within the […]
GBP/JPY Edges Lower To Near 184.00 Due To Hawkish Sentiment Surrounding The BoJ
GBP/JPY extends its decline for the second successive day, trading around 184.20 during Monday’s European hours. The Japanese Yen (JPY) finds support despite low trading volumes due to Japan’s Respect-for-the-Aged Day Bank Holiday. This downside pressure on GBP/JPY cross is likely driven by the hawkish sentiment surrounding the BoJ.Traders await interest rate decisions from the Bank […]
Bitcoin slides 3%, Ether drops 6% ahead of interest rate decisions from Fed, BoE, and BoJ
Key Takeaways Bitcoin and Ethereum experienced significant drops in the past 24 hours. The market is increasingly expecting a more aggressive 50-basis-point rate cut by the Fed. Share this article Bitcoin (BTC) slid by 3%, while Ethereum (ETH) dropped by 6% in the last 24 hours, ahead of a critical week when interest rate decisions […]
Our AI Mega-Cap Portfolio +6 Last Week Vs. -5% The Previous Week
Some BackgroundThe stocks of Microsoft, Google, Meta, Apple, Amazon and Nvidia, each with market capitalizations in excess of $1 trillion (i.e. mega caps), were down 4.96% the week ending Sept. 6th after the August ISM manufacturing index raised fears about the strength of the economy and increased chances that the Fed would cut interest rates. The […]
