Category Archive: Finance, No picture
3 Cannabis Stocks That Can Post Gains As US Shifts To Softer Regulations
Image source: UnsplashPoliticians regale their voting base during election years with new promises and policy shifts. This time, the Biden admin announced intent to loosen up marijuana rules on a federal level. Specifically, to reclassify marijuana as a Schedule III substance, following half a century of it being classified as Schedule I (ecstasy, heroin, LSD) substance.This would […]
Fed Holds Policy Steady: Rate Hikes Remain “Unlikely” Despite Lack Of Inflation Progress
Image Source: PexelsThe Federal Reserve left its policy rate unchanged and argued its policy stance is “in a good place”, but officials are concerned about the recent lack of progress on inflation. Rate hikes remain unlikely, but the Fed is prepared to leave interest rates at current levels until that progress is achieved or the jobs market clearly weakens.Fed […]
CVS Is Sick
Image Source: PexelsOne would figure the nation’s biggest pharmacy would be a safe, conservative investment. Nope. CVS has lost about HALF its value in just two years. From a charting perspective, it’s been behaving beautifully, because its breakout/support (blue line) turned into resistance (see red arrow), and now we’ve taken a hard fall to very long-term […]
March JOLTS Report: Declines In Everything, Fortunately Including Layoffs
Image Source: PexelsAfter almost half a year of general stabilization or very slow deceleration, the JOLTS report for March featured multi-year lows in almost all of its components. Job openings (blue in the graph below), a soft statistic that is polluted by imaginary, permanent, and trolling listings, declined -325,000 to a three year low of 8.488 million. Actual […]
Central Bank Gold Buying Sets New 1st Quarter Record
Image Source: UnsplashThe central banks have been on a gold buying spree ever since Russia was sanctioned by the US in early 2022. And they just set a new first-quarter record for the amount of gold purchased.Given the events that have occurred since then, which now include escalating Middle East tensions, the news isn’t entirely surprising. […]
Web3 gaming aligns players and companies interests, says Delabs Games CEO
Blockchain gaming is seen as a hot narrative in crypto for 2024 by different industry players, such as Binance and CoinGecko. According to the latter, the total market cap of blockchain gaming tokens is over $18.6 billion.Delabs Games is one of the players building in this sector, focusing on an ecosystem built on the concept […]
Dow Jones Industrial Average Struggles To Recover From Recent Backslide As Fed Rounds Corner
Image Source: Unsplash Dow Jones stuck near recent lows as Fed looms. Equities are mixed as markets await Fed policy guidance. NFP Friday will solidify market outlook on US labor market. After this week’s backslide, the Dow Jones Industrial Average (DJIA) is stuck in a rut, dragging the index below 38,000.00 as investors buckle down for […]
Decomposing Sentiment
Image Source: PexelsRepublicans and lean Republican respondents really, really, really don’t like economic conditions right now, switching “bigly” upon Trump’s election, contributing to an outsize impact on the overall University of Michigan consumer sentiment index. Democrats and lean Democratic respondents think things are about the same as mid-2016 (under Obama).Figure 1: University of Michigan Consumer Sentiment relative […]
Feds Scrutinizing Block’s Square And Cash App, Eyeing If Transactions Funded Terror And Skirted Sanctions
Image Source: UnsplashFederal prosecutors are investigating compliance issues at Block, the fintech firm co-founded by Jack Dorsey, according to a new report from NBC, citing “two people with direct knowledge”. Questions about the company started swirling back in March 2023 when short seller Hindenburg Research released a report called “Block: How Inflated User Metrics and “Frictionless” Fraud Facilitation Enabled Insiders […]
Solana and Bitcoin NFT trading hits record numbers
Bitcoin and Solana non-fungible token (NFT) market registered records in daily active traders (DAT) last week, according to the research blog OurNetwork. While Solana reached its all-time high of 59,300 DAT, Bitcoin registered a peak of 25,600 DAT.Solana’s rising DAT number represents a fourfold increase from the approximately 15,000 daily traders earlier last week. The […]
