Category Archive: Finance, No picture
US CPI Data: Is There Upside Left In The S&P 500?
S&P 500 is slated to open in green today after the U.S. Bureau of Labour Statistics said inflation was up in line with expectations in April. S&P 500 could hit $5,400 level in 2024Versus a year ago, the consumer price index (CPI) stood at 3.4% last month versus at 3.5% in March. The inflation data today may create more room […]
Precarious: One Misfortune Away From Insolvency
Image Source: Pexels We can summarize the changes in our economy over the past two generations with one word: precarity, as life for the bottom 90% of American households has become far more precarious over the past 40 years, despite the rising GDP and “wealth” as measured in phantom capital.This reality is expressed in the portmanteau word precariat, combining […]
Best Foundational Stocks
Image Source: Pexels We help investors build the foundation of their portfolios with the best US foundational stocks by sector. If all goes well, you should buy these shares at the beginning of your portfolio and keep them forever. Which ones play this role for you? Let us know! You’ll Learn Before we start let’s cover […]
PBoC Kept The Interest Rate Unchanged
Image Source: Pexels At the end of Tuesday, the Dow Jones Index (US30) rose by 0.32%, while the S&P 500 Index (US500) gained 0.48%. The Nasdaq Technology Index (US100) closed positive 0.75%. The S&P 500 (US500) hit a 5-week high and the Nasdaq (US100) hit a 1-month high. Stocks rose on lower bond yields due to dovish comments from Fed Chair Powell, who said he did not […]
Two Trades To Watch: EUR/USD, USD/JPY Forecast – Wednesday, May 15
Image Source: Unsplash EUR/USD rises ahead of US inflation data, Eurozone GDP figures US CPI is expected to cool to 3.4% YoY in April from 3.5% Eurozone GDP is expected to confirm 0.3% growth EUR/USD is attempting to break out of its falling channel EUR/USD is extending gains for a third straight day as the US […]
Ranked: The Top 6 Economies By Share Of Global GDP (1980-2024)
UnsplashOver time, the distribution of global GDP among the world’s largest economies has shifted dynamically, reflecting changes in economic policies, technological advancements, and demographic trends. To see how this has played out in recent decades, we visualized the world’s top six economies by their share of global GDP from 1980 to 2024.All figures were sourced from […]
Robinhood Crypto launches Solana staking with 5% APY for EU users
Robinhood’s European crypto branch has introduced Solana staking for its customers, offering an annual percentage yield (APY) of approximately 5% at launch.According to Johann Kerbrat, general manager of Robinhood Crypto, the actual yield may vary as staking rewards change over time. The 5% APY offered by Robinhood Crypto is slightly lower than Coinbase’s estimated reward […]
The Commodities Feed: US CPI Release
Oil prices have strengthened in early morning trading due to a larger-than-expected US stock draw. However, the US CPI release today will be key for price direction.Unsplash Energy – OPEC outlook unchangedOil prices came under pressure yesterday. ICE Brent settled almost 1.2% lower on the day. Stronger-than-expected US PPI data raised doubts about how soon the […]
Let’s Hope That Tariffs Are Inflationary
Image Source: Pexels David Henderson has an excellent post on the effect of tariffs on the price level. I agree with his analysis, but here I’ll reframe the debate in a way that I hope will also be helpful. Let’s begin with a few propositions: 1. Under the vast majority of policy regimes, the imposition of tariffs […]
El Salvador mines nearly 474 Bitcoin using volcanic geothermal power
El Salvador has mined 473.5 Bitcoin (BTC) over the past three years using the geothermal power of the Tecapa volcano, Reuters reported today.Based on Bitcoin’s current price, this amount has translated into a $29 million increase in value. The nation’s total Bitcoin holdings now reach 5,750 BTC, equivalent to nearly $354 million, according to data […]
