Category Archive: Cryptocurrency, No picture
Bank of England cuts interest rates to 4.75% as UK inflation falls below target
Key Takeaways The Bank of England decided to cut interest rates by 25 basis points during its monetary policy meeting today. The reduction is the second rate cut this year following a previous cut in August. Share this article The Bank of England (BoE) lowered its key interest rates to 4.75% from 5% on November […]
Duke Energy Reports $8.15B In Revenue For Third Quarter, $1.62 EPS
Image Source: Unsplash Duke Energy (NYSE: DUK) reported its financial results for the third quarter of 2024, showcasing a mixed performance. The company’s reported earnings per share (EPS) was $1.60, slightly below the $1.62 adjusted EPS. This marks a decrease from the third quarter of 2023, where the adjusted EPS was $1.94. The adjusted EPS figures excluded certain costs like […]
Serenity Now
Image Source: Unsplash Overview: The markets are calmer after yesterday’s post-US election drama. A consolidative tone has emerged in the foreign exchange market, and the dollar is softer against all the G10 currencies, led the 1% gain in the Norwegian krone, after the central bank left rates on hold. Sweden’s Riksbank delivered the expected half-point cut […]
TerrAscend Q3 Financials: 245% Increase In Net Revenue Loss; 12% Decrease In EBITDA
Image Source: Unsplash TerrAscend (TSNDF) reported its financial results for the third quarter (Q3) ended September 30th, 2024 on November 6th. All financial information is provided in U.S. dollars unless otherwise indicated and compared with the previous quarter. Q3 Financial Highlights Net Revenue: DOWN 4.3% to $74.2M Gross Profit: DOWN 4.0% to $36.2M Gross Profit Margin: UP to 48.8% from 48.6% […]
Gold Retreats As Trump Victory Bolsters USD
Image Source: Unsplash Gold prices tumbled over 3% to 2650 USD per troy ounce amid a surging US dollar, influenced by Donald Trump’s definitive win in the US presidential election. As of Thursday, gold prices are holding steady near three-week lows, reflecting ongoing pressure from a robust dollar.Market anticipation has shifted, with investors expecting a more […]
EUR/GBP Recovers Intraday Losses Ahead Of BoE Policy Decision
The EUR/GBP reverses intraday losses and bounces back to near 0.8300 in the European trading session on Thursday. The cross rebounded strongly after posting a fresh weekly low near 0.8310 ahead of the Bank of England’s (BoE) interest rate decision, which will be announced at 12:00 GMT.The BoE is widely anticipated to cut interest rates […]
EUR/JPY Remains Depressed Near 165.70, Bulls Have The Upper Hand While Above 200-day SMA
The EUR/JPY cross struggles to capitalize on the previous day’s goodish bounce from levels just below the 165.00 psychological mark and attracts fresh sellers on Thursday. Spot prices remain depressed through the first half of the European session and currently trade around the 165.70-165.65 area, though lack follow-through and remain confined in a familiar range […]
Daily Market Outlook – Thursday, Nov. 7
Image Source: Unsplash Asian equities markets saw mixed results Thursday as investors weighed the potential effects of a second Donald Trump presidency. They also eye the U.S. Federal Reserve and other major central banks’ monetary policy decisions due today. All three major U.S. share indexes surged to record highs, but Asia did not experience significant increases, despite […]
New Home Affordability Crisis Now 30 Months Old, Younger Americans Priced Out
Mortgage rates fell to their lowest level since early 2023. Despite that happening, the relative affordability of new homes was almost unchanged from the previous month because their prices rose. For a household earning the median household income, the average mortgage payment for a new home would consume 38% of its pre-tax income.That puts the affordability […]
How American Households Have Changed Over The Last 65 Years
The composition of American households has shifted significantly since 1960 as fewer people have kids and the scale of economic resources has declined.Today, the number of households without kids exceeds those with kids, a trend that first emerged in 2014. In addition, single-person households have broadly continued to incline, reaching 29% of the total last year. This figure […]
