Category Archive: Finance, No picture
Buyback Bonanza: 3 Companies Scooping Up Shares
Image Source: PexelsStock buybacks, or share repurchase programs, are commonly executed by companies to boost shareholder value. A stock buyback occurs when a company purchases outstanding shares of its stock. In its simplest form, buybacks represent companies essentially re-investing in themselves.In 2024, several companies – Apple (AAPL – Free Report), Marathon Petroleum (MPC – Free Report), and AutoNation (AN – Free Report) – […]
AUD/USD Dips Below 0.6600 Following RBA’s Decision
Image Source: Unsplash AUD/USD drops 0.42% after RBA holds cash rate at 4.35%, adopting a dovish tone in its statement. Markets react quickly, adjusting to RBA’s shift from a neutral to a slightly dovish stance due to slow cooling inflation. US Dollar gains strength after Minneapolis Fed President Kashkari suggests possible rate hikes if inflation persists. […]
Grayscale backs off from its Ethereum futures ETF application
Grayscale, a leading crypto asset manager, has withdrawn its rule change application to the Securities and Exchange Commission (SEC) for an Ethereum futures exchange-traded fund (ETF), citing multiple delays by the federal regulator since the initial filing in September 2023.The notice of withdrawal, submitted on Tuesday, did not provide specific reasons for Grayscale’s decision to […]
Markets In A Minute – “A Lack Of Further Progress”
Image Source: Unsplash The Fed announced in May’s FOMC meeting that the Fed Funds Rate will remain unchanged; however, Chair Powell stated that it is unlikely the next move will be a hike. JOLTS for March saw a decrease in the amount of job openings to 8.48Mil, down from 8.8Mil in February. Additionally, Layoffs ticked higher to 1.5Mil, while Quits […]
How To Use Chart Patterns To Bolster Your Retirement
Image Source: PexelsEarly in my career, I was smart enough to know what I didn’t know (which was practically everything). So I tried to absorb all that I could from books, classes, websites, and people.To find a way to make sense of the market action I observed every day, I set out to learn technical analysis, […]
FTX to pay out at least 118% of recognized claims to 98% of its creditors
FTX Trading, commonly known as FTX.com, and its affiliated debtors have announced a major development in their bankruptcy proceedings. According to the newly filed Plan of Reorganization, 98% of FTX creditors are expected to receive at least 118% of their allowed claims in cash within 60 days of the plan’s effectiveness.The remaining creditors are set […]
Commodity Market Elliott Wave Analysis: Bitcoin, ETH/USD, DXY, Gold, Silver, Uranium, Oil, Gas
Image Source: UnsplashCommodity Market Elliott Wave Analysis for Bitcoin (BTC) ETH/USD / Dogecoin / GBTC, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas Commodity Market Elliott Wave Analysis Update: Risk on for cryptos and possibly gold and silver stocks (non-leverage). Base metals also continue to display strength such as […]
Stocks And Precious Metals Charts – The Father Of Lies And His Children Of The World
Image Source: UnsplashStocks tried to rally, but eventually fell back to close nearly unchanged.VIX fell again, as it was damn the geopolitics and risk away.Gold and silver fell back a bit.The Dollar rose.Have a pleasant evening.More By This Author:Stocks And Precious Metals Charts – Myths And Illusions Stocks And Precious Metals Charts – In Service To The […]
SEC Chair Gary Gensler avoids direct classification of Ethereum
Securities and Exchange Commission (SEC) Chairman Gary Gensler did not directly address whether Ethereum was a commodity or a security in an interview with CNBC on Tuesday. Instead, he shifted the focus towards broader regulatory concerns, specifically the protection of American investors and the conduct of intermediaries in the crypto market. “All I would say […]
Living Vicariously Through Rate Cut Expectations
Image Source: Unsplash MARKETSU.S. stock indexes made gains on Tuesday as concerns about an overheating U.S. economy ease, particularly with incoming U.S. economic reports showing data surprises at their most negative levels since February of last year. These developments are reigniting expectations that the Federal Reserve will likely implement rate cuts soon. While sentiment has also […]
