Category Archive: Finance, No picture
To Prevent A Banking Crisis, The FED Must Cut
Image Source: PexelsIn 2009, 140 banks failed, and a recent report from financial consulting firm Klaros Group says that hundreds of banks are at risk of going under this year. It’s being billed mostly as a danger for individuals and communities than for the broader economy, but for stressed lenders across America, a string of small bank failures could […]
Optimism will roll out new features to support layer 3 on Superchain
Optimism is set to release two new features to facilitate the integration of layer 3 (L3) builders into its Superchain network. The upcoming features, custom gas tokens, and Plasma Mode, are designed to streamline the onboarding process for L3s utilizing the OP Stack and to foster a collaborative environment within the Optimism ecosystem. 2 key […]
Rates Spark: Markets Looking For Affirmation Of Dovish Sentiment
Image Source: PexelsA first-rate cut by the Riksbank has not been enough to further push the bullish sentiment. Eyes are on the Bank of England. While no cut is seen, the market could be looking for a more dovish lean following the Fed’s example. After a less-than-solid 10Y UST sale, the new 30Y bond could be […]
The Expected Move Is Keeping Markets Here… But Volatility Lurks
Image Source: UnsplashA market like this, where stocks move a little higher and then gently drift lower, can be really deceptive.There’s not much you can read into a market that’s down… a point. Financials are down a little, tech is all over the place and news-driven, energy is massively unchanged…The advance/decline line is… slop-tastic.It’d be very […]
Stocks And Precious Metals Charts – Sic Transit Gloria Mundi
Image Source: PexelsStocks did their usual intraday churn and burn, finishing largely unchanged.Gold and silver were feeling a bit wobbly, but not overmuch.The Dollar chopped sideways.VIX has now fallen, considerably.Have a pleasant evening.More By This Author:Stocks And Precious Metals Charts – The Father Of Lies And His Children Of The World Stocks And Precious Metals Charts […]
Bond Yields & Black Gold Bounce As Hawkish FedSpeak Slows Stocks
Image Source: UnsplashMixed bag today: Macro (ugly wholesale sales print, implied gasoline demand at decade-lows ex-COVID, GDPNOW up at 4.18%?), Micro (TRIP exposed as M&A premium evaporates exposing the reality of tourism business, UBER hinting at consumer pain, SHOP signaled more consumer pain, AFRM cut revenues forecasts as BNPL schemes falter – more consumer pain, TSLA tumbled on […]
Nyan Heroes launches new CATNIP and NYAN rewards with its Season 2
Web3-focused game Nyan Heroes announced the start of its Season 2 with its highly anticipated Ranked Mode, which will reward users with the token NYAN based on their performances. The ranked season will last until May 26.Season 2 introduces a host of new missions, rewards, and gameplay experiences, including the opportunity to earn seasonal CATNIP […]
Dow Jones Industrial Average Pushes Higher On Wednesday Despite Tepid Risk Appetite
Image Source: Unsplash Dow Jones looks for gains as other indexes recede. A quiet, data-thin Wednesday leaves investors looking ahead. Fed outlook remains key focal point for markets. The Dow Jones Industrial Average (DJIA) recovered from an early dip during the American trading session, climbing to an intraday high above 39,000.00 as the major equity index broke […]
Rate Hikes On The Horizon?
Peter’s back to recap the last week in markets and economic news. This episode starts with April’s dismal stock performance and also discusses Jerome Powell’s most recent appearance. Peter wraps up the episode by recounting the Bitcoin debate he participated in on Friday.Peter notes that April’s losses in the stock market were in part created by doubt about the […]
Nexo announces $12 million token airdrop for platform users
Crypto services provider Nexo has announced the airdrop of 10 million NEXO tokens as part of its ‘Nexonomics’ campaign, equivalent to $12.6 million at the time of writing. Both new and existing customers can accumulate points until July 7 by utilizing various Nexo products, such as Earn, Borrow, and even funding the account.Additionally, taking out […]
