Category Archive: Finance, No picture
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 […]
Navigating The Future Of Precious Metals: Insights And Legislative Advocacy From Industry Experts
In a recent episode of the Vancouver Resource Investment Conference podcast, hosted by Jesse Day, guests Stefan Gleason (President and CEO of Money Metals Exchange) and JP Cortez (Executive Director of the Sound Money Defense League) shared their expert analysis on the dynamics of the gold and silver markets and discussed legislative efforts to promote […]
JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger
A group of leading financial institutions, including JPMorgan, Citi, Mastercard, Visa, Swift, TD Bank N.A., US Bank, USDF, Wells Fargo, and Zions Bancorp, have initiated a proof-of-concept (PoC) for a Regulated Settlement Network (RSN). The project will explore the use of shared ledger technology for the settlement of tokenized assets, according to a press release […]
Riksbank Cuts, Oil Slips, And The Yen Remains Under Pressure
Sweden’s Riksbank became the second G10 central bank to cut rates this year. The Swiss National Bank cut its deposit rate in March. A couple other large central banks, including the European Central Bank, and possibly the Bank of Canada, may cut rates next month. The Swedish krona is the weakest of the G10 currencies […]
Higher For Longer
The Fed’s decision last week to leave interest rates unchanged due to persistently stubborn inflation reaffirmed their ‘higher for longer’ stance. Following past Fed meetings where rates were not cut, gold and silver typically traded flat or slightly down on the announcements. Market analysts generally agree that metal prices will increase once rate cuts are […]
Lagrange Labs closes $13.2M to build out ZK proofs based on EigenLayer
Lagrange Labs, a cryptography startup specializing in zero-knowledge (ZK) proofs, has raised $13.2 million in a seed funding round led by Peter Thiel’s Founders Fund.The startup is based on Ethereum’s EigenLayer restaking platform and is aimed at providing decentralized applications with efficient and secure access to otherwise resource-intensive onchain computing power.Lagrange’s flagship product comes in […]
Bear Of The Day: CVS Health
CVS Health (CVS) is a Zacks Rank #5 (Strong Sell) that is a prominent player in the health solutions sector in the United States.The stock has had a rough couple of years but has held up until recently. A recent earnings surprise miss has taken away a lot of hope from investors and the stock has […]
GBP/USD Test 1.25 Pivotal Level Ahead Of BoE, UoM All eyes on BoE policy decision for pound trader
The FX markets have been a little quieter so far this week, largely due to a quiet US data calendar. But as we approach the business end of the week, we should see pockets of elevated volatility and some independent moves in the likes of the British pound. The Bank of England is meeting on […]
