Category Archive: Finance, No picture
Investors Expect A Hawkish Stance From The Rba. Natural Gas Prices Returned To Growth
On Friday, the Dow Jones (US30) was up 1.18% (for the week +1.03%), while the S&P 500 (US500) was up 1.26% (for the week +0.27%). The NASDAQ Technology Index (US100) closed positive 1.99% (for the week +0.93%). The US stocks rose thanks to a weaker-than-expected April employment report, which increased expectations of a Federal Reserve interest rate cut in September.The US jobs report recorded a […]
Country meme coins rally up to 74,000% ahead of Paris Olympics
A new niche spawned among meme coin traders recently: country coins. In anticipation of the Olympic Games set to happen in Paris in July, investors are betting that the event will boost the prices of different tokens with the names of countries.A dashboard created by the X user identified as The Nouner is tracking 47 […]
USD/CAD Edges Down To 1.3650 As US Dollar Drops, Oil Price Rebounds
The USD/CAD pair falls after failing to recapture the crucial resistance of 1.3700 in Monday’s early New York session. The Loonie asset slips to 1.3650 due to multiple headwinds: a decline in the US Dollar and a sharp recovery in the Oil price.Market sentiment is quite bullish, as investors’ confidence in the Federal Reserve (Fed) reducing interest rates […]
Jack Dorsey parts ways with Bluesky, leaves board of directors
Jack Dorsey’s journey with Bluesky has come to an end. The team behind the social network announced in a Bluesky post today that Dorsey is no longer on the board of directors. At the moment of this report, no public rationale has been offered by either Dorsey or Bluesky for the departure. “We sincerely thank […]
Oscar Health: A Beacon Amidst The Uptrend
Image Source: UnsplashIn these trying times of relentless upticks, I might as well celebrate one of Slope’s better long ideas, which is Oscar Health. I suggested it a couple of weeks ago, and it continues to cruise higher:More By This Author:Is College Still Worth It?Expertise In Managing MarketsApple’s Bullish Results Fuel Market Surge: Jobs Report Holds Key Tomorrow
MetaMask introduces Smart Transactions to address MEV front-running
MetaMask has launched a new “Smart Transactions” feature to help users address the negative effects of front-running on the Ethereum network.The feature allows users to submit transactions to a “virtual mempool” before they are finalized on-chain. This virtual mempool will protect against certain MEV strategies and run simulations to help users obtain lower transaction fees.MEV […]
US Stock Futures Rise As Fed Rate Cut Expectations Mount; Corporate Earnings In Focus
Market Overview:U.S. stock futures indicated a positive start to the week, with all three major indices — the S&P 500, Dow Jones, and Nasdaq — ticking up approximately 0.3%. This upward trajectory follows significant gains from the previous session, buoyed by weaker-than-expected labor market data which has reinforced market expectations that the Federal Reserve might […]
Hermetica Labs launches USDh, the first Bitcoin-native synthetic USD
Hermetica Labs, a decentralized finance protocol built on top of Bitcoin, has launched USDh, the first-ever Bitcoin-native synthetic US dollar. The new offering allows users to gain yields of up to 25% with zero exposure to traditional finance. Introducing USDh 🎉 The first Bitcoin-backed, yield-bearing synthetic dollar. 🔸 Backed by #Bitcoin – not banks🔸 Earn […]
A Hat Tip To Warren Buffett And Long Term Investing
This past weekend was Berkshire Hathaway’s annual shareholder meeting. Every year, Warren Buffett shares long term investing wisdom and his thoughts on the economy. This year was so different.UnsplashNinety-three year old Warren Buffett explained why they had sold some Apple shares and what he thinks about AI. He also praised Fed Chair Jerome Powell’s handling […]
An Economic Slowdown; Disney Earnings, Buffett Cuts Apple Stake By 13%, Uber Earnings
The S&P surged 64 points (1.26%) on Friday to 5,128 – right up to its 50 DMA (5,130).PexelsThe 50 DMA continues to serve as resistance and the S&P continues to trade in a range (4950 – 5250) defined by its recent high on Friday March 28 and low on Friday April 19. I continue to […]
