Category Archive: Finance, No picture
Moderna Slashes R&D Budget, Stock Plummets Amid Profitability Concerns
Image Source: UnsplashModerna, Inc. (MRNA) announced today a significant reduction in its research and development budget, sending shockwaves through the biotech industry and causing its stock to plummet. The company, known for its mRNA technology and COVID-19 vaccine, plans to cut $1.1 billion from its R&D spending by 2027 as it grapples with commercial setbacks and a […]
What’s Behind The Recent Rally In Crude, Looking Ahead What’s Next?
Image Source: UnsplashThe price of West Texas Intermediate crude bounced 6 percent from a recent low. What’s going on?Chart courtesy of Investing.Com, annotations by Mish.Note that Investing inverts the month and day vs US standard order. U.S. readers may find this confusing. Might I suggest an order set by location or a switch set by the […]
Trump to launch DeFi protocol next Monday
Key Takeaways Trump’s World Liberty Financial DeFi project launches on September 16. The launch event will be live-streamed on Twitter Spaces. Share this article Former President Donald Trump announced plans to launch “World Liberty Financial,” a decentralized finance (DeFi) protocol, next Monday, September 16, at 8 pm via Twitter Spaces. .@WorldLibertyFi pic.twitter.com/rHEGQXl4jL — Donald J. […]
A Rate Cut Friendly Producer Price Index Report Follows The CPI Report
Image Source: PexelsThe PPI rose 0.2 percent, in line with expectations. The BLS revised the July PPI lower to 0.1 percent.The BLS report the Producer Price Index Rose 0.2 percent in August.PPI Final Demand Key Detail Month-Over-Month PPI: +0.2 Percent Services: +0.4 percent Goods: +0.0 Percent Excluding Food and Energy: +0.1 Percent Food: +0.1 percent Given the Fed’s […]
Carbon Taxes Vs. Regulation
Image Source: PexelsBloomberg has an article on electric cars, which illustrates some of the advantages of carbon taxes over regulation: New Breed of EV Promises 700 Miles per Charge (Just Add Gas) It runs on batteries 95% of the time, but a gasoline engine can recharge them for longer hauls, easing range anxiety. EV sales growth has […]
Sentiment Goes According To Seasonality
Image Source: UnsplashThe typical seasonal September slump for stocks has left the S&P 500 down 1.5% month-to-date. Regardless of the rebound in the past few sessions, the weak start to the month has put a dampener on investor sentiment. In the final two weeks of August, the percentage of respondents reporting as bullish to the AAII Investor […]
Dow Jones Industrial Average Breaks Late After US PPI Print
Image Source: Unsplash The Dow Jones is still battling to reclaim the 41,000 level. US PPI inflation kept the door open for a Fed rate cut next week. US Initial Jobless Claims also ticked up, but not enough to deter a rate trim. The Dow Jones Industrial Average (DJIA) stuck close to familiar midrange territory on […]
US demands Nigeria to release Binance executive as health worsens
Key Takeaways Mr. Gambaryan, detained since February, suffers from severe health issues including malaria. US-Nigeria talks have occurred, focusing on the humanitarian release of the Binance employee. Share this article The US government is urging Nigeria to release an employee of the world’s largest crypto exchange Binance who was arrested in February and has faced […]
Amazon Triangle
Image Source: UnsplashIt’s a pretty dull day so far. We’re well more than an hour into the session, and all the main equity futures are green, ranging from just 0.13% on the /ES to a full 1% on the /RTY. I am maintaining a high cash level of over 40%. I did, however, purchase some January […]
Growth At A Reasonable Price – The Risks And Rewards
Image Source: UnsplashIn this video, Chuck Carnevale, Co-Founder of FAST Graphs, a.k.a. Mr. Valuation and Professor Nathan Mauck, Phd. are going to talk about how to approach growth stock investing. As Mr. Valuation, Chuck is a proponent of growth at a reasonable price, often referred to as GARP investing, and Professor Mauck is going to provide […]
