Category Archive: Cryptocurrency, No picture
PolitiFi coins surge 782% in 2024, surpassing meme coins average gains
Key Takeaways PolitiFi coins outperformed meme tokens with a 782.4% gain in 2024. ConstitutionDAO leads the PolitiFi sector with a $385.6 million market cap. Share this article The political-themed meme coins known as “PolitiFi tokens” have surged 782.4% on average in 2024, as reported by CoinGecko. The category surpassed the broader meme coin category’s 90.2% […]
US Dollar Advances With Stakes Building Up Towards US Data
Image Source: Pexels The US Dollar trades on the back foot, weakening against most major peers, as traders focus on key US data. Markets cramped on Wednesday on the back of a miss in estimates for Nvidia earnings, benefiting the Dollar. The US Dollar Index popped above 101.00, but is unable to hold this level. […]
Dollar General Falls Short Of Q2 Expectations With $1.70 EPS
Image Source: Pexels Dollar General Corporation (NYSE: DG) has released its financial results for the second quarter of fiscal 2024, which ended on August 2, 2024.The company reported a net sales increase of 4.2% to $10.2 billion, up from $9.8 billion in the same period last year. This growth was driven primarily by contributions from new stores […]
Market Sentiment Wavers As Nvidia’s Earnings Disappoint Amid Broader Economic Uncertainty
Image Source: Pexels It looks like the market is reacting strongly to Nvidia’s earnings report, with Nasdaq 100 futures taking a significant hit. Even though Nvidia exceeded revenue and earnings expectations, the market seems disappointed with the company’s sales outlook for the upcoming quarter, which didn’t quite meet the high expectations set by its previous performance. […]
EUR/USD Stabilises Ahead Of Core PCE Inflation Report
Image Source: Unsplash The EUR/USD pair is holding steady at around 1.1134 as markets consolidate USD positions during a lull in significant news. Investors are now keenly awaiting the release of the Core PCE inflation data, a critical metric that the Federal Reserve uses to gauge inflationary pressures and shape its interest rate policy.The anticipation surrounding […]
Beyond Surge Pricing: How CEOs Can Navigate The Price Gouging Dilemma
Image Source: Unsplash Price gouging has captured the attention of politicians, consumers, and economists. Business executives can use the discussion to assess their own policies for dealing with shortages and fluctuating costs.Some price gouging seems to be accepted by consumers, albeit with a little grumbling. Apples are cheapest right after the fall harvest, most expensive just […]
Germany Is In Full Blown “Crisis” Mode, Here’s What That Means For The World
Image Source: Pexels German observers are saying the economy has reached crisis proportions and the reason is what the US economy’s weakness is doing to the rest of the world. Rather than recover as many in Europe had hoped, the situation has turned grim due to America’s growing negatives. As a result, bulls are firmly in […]
Eurozone Sentiment Ticked Up In August
Image Source: Pexels French Olympic optimism blurs the picture of the eurozone economy. Overall, the second half of the year is set to be one of sluggish growth and still elevated inflation.The Economic Sentiment Indicator was mainly boosted by the French data, which immediately suggests that optimism around the Olympics boosted sentiment, similar to the PMI. Oddly, it’s […]
Nvidia’s Good Report Did Not Impress Investors
Image Source: Unsplash At Wednesday’s close, the Dow Jones (US30) was down 0.39%, while the S&P 500 (US500) decreased by 0.60%. The Nasdaq Technology Index (US100) closed negative 1.12%. The US stocks fell on Wednesday as investors awaited Nvidia’s much-anticipated earnings report. All sectors were down, with the tech sector declining as Nvidia shares fell 2.6% in the main session. After the close of […]
Gold Rises On Nvidia Disappointment, Revival Of China Demand
Image Source: Unsplash Gold is rising as markets digest disappointing Nvidia earnings, now a macro event given the company’s size and importance. A revival of Chinese demand for the precious metal further supports the price. Technically, XAU/USD trends sideways, with odds still favoring an eventual break higher given the broader uptrend. Gold (XAU/USD) trades about […]
