Category Archive: Finance, No picture
FTSE – Upbeat Wage Data Offset By Mixed Corporate Updates
Image Source: Pexels On Tuesday, the London stock market saw an increase, with the personal goods sector leading the way, as employment market data revealed stronger-than-expected wage growth. However, a mix of corporate updates tempered investor optimism. The FTSE 100 benchmark index rose by 0.2%. Huw Pill, the Chief Economist of the Bank of England, stated […]
Pre-token markets can revolutionize interactions with financial instruments: Keyrock report
Pre-token trading platforms are still an unpredictable market for buyers and sellers, according to a recent Keyrock report. Despite offering early access to tokens before they launch, data gathered by Keyrock suggests few buyers find profits in these platforms.Nevertheless, the speculation around the token price serves as a crucial barometer for initial market reactions and […]
Industrial And Tech Demand For Gold Surged In Q1
Industrial and tech demand for gold rebounded in the first quarter, rising 10 percent year over year.Industrial and technological applications consumed about 79 tons of gold in Q1, according to data compiled by the World Gold Council.At the aggregate level, all four major electronics fabrication hubs around the world recorded a year-on-year increase in gold […]
Petrobras Slashes Dividend: Is It Time To Sell The Stock?
Image Source: Unsplash Petróleo Brasileiro S.A. (NYSE: PBR), Brazil’s state-controlled oil giant, is once again in the spotlight as it grapples with shareholder expectations and market dynamics. After reporting a 38% year-over-year decline in Q1 profit earlier today, Petrobras announced that it is slashing its Q1 2024 dividend payout. This move will see dividends reduced to […]
GameStop Wif Hat meme coin skyrockets 47,000%, then plummets
Solana meme coin GameStop Wif Hat (GMEWIFHAT) showed stellar growth this Tuesday, with its price surpassing 40,000%. However, at the time of writing, the upside for GMEWIFHAT is just 131%.The price increase is tied to the return of RoaringKitty, the trader largely credited for spiking the GameStop stock surge in late 2020 along with the […]
TRON DAO adds Google Cloud as a Super Representative Candidate on the TRON blockchain
Geneva, Switzerland, May 14th, 2024 – TRON DAO today announced that Google Cloud has joined its roster of Super Representative candidates on the TRON blockchain. Super Representatives are responsible for producing blocks and packing transactions to help ensure blockchain governance on the TRON network. This initiative builds on TRON’s collaboration with Google Cloud to make its […]
Fixed Income ETFs Record Largest Inflow In Over Five Years, Adding $9.4 Billion
Image Source: Unsplash During LSEG Lipper’s fund-flows week that ended May 8, 2024, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the third straight week, adding a net $36.4 billion.This past week, money market funds (+$24.5 billion), taxable bond funds (+$8.1 billion), equity funds (+$3.6 billion), municipal bond funds […]
CONAB Speaks. The Corn & Ethanol Report
Image Source: Unsplash We kicked off the day with NFIB Business Optimism Index at 5:00 A.M., PPI MoM & YoY, Core PPI MoM & YoY, PPI, PPI Ex Food, Energy, and Trade, and PPI Food, Energy, and Trade MoM & YoY at 7:30 A.M., Redbook YoY at 7:55 A.M., Fed Cook Speech at 8:10 A.M., Fed […]
Wisconsin’s state holds $99 million of BlackRock Bitcoin ETF shares
The State of Wisconsin Investment Board (SWIB) revealed its holdings of over $99 million worth of BlackRock’s spot Bitcoin exchange-traded fund (ETF) IBIT at the end of the first quarter, according to its 13F Form filings with the SEC. The amount is equivalent to 2,450,500 IBIT shares.Bloomberg ETF analyst Eric Balchunas stated through an X […]
Deutsche Bank joins Singapore’s Project Guardian to advance asset tokenization
Deutsche Bank has announced its collaboration with the Monetary Authority of Singapore (MAS) on Project Guardian, an initiative focused on asset tokenization for wholesale funding markets and decentralized finance (DeFi) applications.Deutsche Bank’s role in this collaborative effort is to test the open architecture and interoperable blockchain platform to service tokenized and digital funds. The bank […]
