Category Archive: Cryptocurrency, No picture
Over 10% of financial fraud cases are crypto-related, FBI report reveals
Key Takeaways Crypto fraud in 2023 led to a 45% increase in losses compared to 2022. Victims over 60 were the most affected, with losses near $1.6 billion. Share this article The Federal Bureau of Investigation’s Internet Crime Complaint Center has released its Cryptocurrency Fraud Report for 2023, revealing a significant surge in losses due […]
Australian Dollar Continues To Lose Ground After Westpac Consumer Confidence
Image Source: Unsplash AUD/USD depreciates following the release of downbeat Westpac Consumer Confidence on Tuesday. The Australian Dollar’s downside could be restrained due to the hawkish sentiment surrounding the RBA. The US Dollar received support as recent labor data reduced the likelihood of an aggressive Fed rate cut in September. The AUD/USD pair extends its losses […]
2 Food Stocks To Buy Amid Heightened Market Volatility
Image Source: UnsplashSeptember is living up to its connotation of being the most volatile month for the stock market but Dole (DOLE – Free Report) and Pilgrim’s Pride (PPC – Free Report) are two consumer food stocks that may be able to offer defensive safety in the portfolio.Both consumer staples companies have landed spots on the Zacks Rank #1 (Strong Buy) list. […]
Stocks And Precious Metals Charts – Gathering Of Vultures
Image Source: PexelsStocks managed to bounce back today after last week’s rough declines.Gold and silver were higher.The Dollar was higher.VIX fell.The news to watch this week will be the CPI on Wednesday, and the PPI on Thursday.There seems to be a consensus that the Fed will be making their ‘pivot’ official, and offer up a rate […]
Clawback Of Friday’s Losses Sets Up Bullish Haramis For Lead Indices
Image Source: UnsplashSellers remorse after a weekend of retrospection might have accounted for some of today’s buying, and while bullish haramis left in Indices might offer reversal opportunities, overhead supply at moving averages will likely prove problematic.The Russell 2000 (IWM) dug in at $207.50 support, established in part by May swing highs. I’m nore sure it’s […]
Forbes to roll out new blockchain-powered loyalty platform
Key Takeaways The new loyalty platform by Forbes Web3 and qiibee foundation will leverage blockchain for secure, transparent rewards. Users can earn, track, and redeem diverse rewards, enhancing engagement and purchasing power. Share this article Forbes’ web3 team (Forbes Web3) is planning to roll out a blockchain-based loyalty platform in partnership with the qiibee foundation, […]
Stocks Bounce After Brutal Week Despite Apple Unveiling A Dud
Image Source: UnsplashAfter the worst week for the S&P since the March 2023 bank crisis…… which sent the Nasdaq to one of the most oversold levels since the covid crash…… and with the market starting off September in typical “whimper” style: deep in the red as the following chart from Bespoke shows…… today’s bounce back was […]
Get “Picky” With Stocks For September Profits
Image Source: PexelsAfter a massive run that lasted over a year and a half, mega-cap “Magnificent Seven” tech stocks appear to be dead in the water.Over the last month, the ETF that represents these top seven tech stocks (including Google (GOOGL), Apple (AAPL), Microsoft (MSFT), Facebook (META), Tesla (TSLA), Amazon (AMZN), and Nvidia (NVDA)) gained just […]
GDPNow Rates The Jobs Report As Positive, That Was Not My Guess
Image Source: PexelsThe GDPNow Nowcast moved higher today on the “strength” (or lack thereof) of last Friday’s jobs report.Earlier this morning I commented on Twitter “A guess with no firm conviction GDPNow down 0.2 PP today from last report.“I did not think much of the jobs report but the nowcast thought otherwise. All of the jump […]
Canadian Cannabis LP Stocks Portfolio -10% W/e Sept. 6th
Image Source: UnsplashIntroductionThe Canadian Cannabis LP Stocks Portfolio continued to reel last week from the August 26th announcement by the Drug Enforcement Administration that it had scheduled an administrative hearing for December 2nd to consider differing expert opinions on the Justice Department’s proposal that cannabis be re-classified to that of a Schedule III drug under the Controlled Substances […]
