Category Archive: Cryptocurrency, No picture
Pre-token platforms give early market access but still lack liquidity: Keyrock
Despite the innovative approaches, pre-token markets face challenges such as price discovery inefficiency due to low volume compared to markets after the token generation event (TGE), according to the “Can markets be efficient before they even exist?” report by Keyrock.The report highlights that the volume disparity can be as high as 1,000 times, mentioning tokens […]
AMD Q1 Earnings: Data Center Segment Surges 80%, But Shares Fall In Extended Trading
Image Source: Unsplash AMD (Nasdaq: AMD) reported first-quarter results that slightly surpassed Wall Street expectations, with earnings of 62 cents per share on revenue of $5.47 billion, compared to consensus expectations of 61 cents per share on revenue of $5.46 billion.Despite these results, AMD shares fell over 3% in extended trading. Current quarter outlook Looking ahead, AMD […]
Starbucks Earnings Report: Revenue Misses Expectations, EPS Declines, Stock Drops
Image Source: Unsplash Starbucks Corporation (Nasdaq: SBUX) has reported a revenue miss in its Q1 2024 earnings report, disappointing investors and causing the SBUX stock price to drop by over 10% in the market after hours.The company’s consolidated net revenues for the quarter were down 2% to $8.6 billion, falling short of market expectations. The decline was […]
Bitcoin Cash founder Roger Ver arrested in Spain for tax evasion
Roger Ver, the founder of Bitcoin Cash and a public figure known as “Bitcoin Jesus,” was arrested in Spain on charges of mail fraud, tax evasion, and filing false tax returns. Ver is facing extradition to the US to stand trial.According to the US Department of Justice (DOJ), the indictment was unsealed yesterday and accuses […]
Amazon Swings Wildly After Reporting Blowout AWS Results But Revenue Guidance Disappoints
Image Source: Unsplash Heading into Amazon’s Q1 earnings, we said earlier that the investment thesis is driven by i) e-commerce share, ii) margin expansion, and iii) the potential for AWS growth recovery through the year. We also noted that the key bogeys for this extremely popular – among hedge funds – position were the following: Q1 […]
3 Tech Mutual Funds To Buy Despite Inflationary Pressures
Image Source: Unsplash A recent report from the Commerce Department pointed out an uptick in inflation. This could lead the Federal Reserve to keep interest rates unchanged. Since July, the central bank has held its policy rate within the range of 5.25-5.50%. It has increased the interest rate by 525 basis points since March 2022.Given the […]
Real Personal Income Rises
Image Source: Pexels There are so many conflicting data points out there. We have rising credit defaults, but inflation is falling, and income is rising. We have more global unrest than we’ve had in decades but the Conference Board’s global real GDP forecasts for 2024 and 2025 were unchanged in April. They continue to project that […]
Binance founder Changpeng Zhao sentenced to four months in prison
Changpeng Zhao (CZ), founder of the largest crypto exchange by trading volume Binance, was sentenced to four months in prison, as reported by Bloomberg. CZ was charged for his failures that made it viable for cybercriminal and terrorist activities to take place on Binance. US District Judge Richard Jones, in Seattle, was responsible for the […]
“I’m Very Concerned” About The U.S. And Global Economy (But There’s Hope…)
Image Source: Pexels If we care about the future of the economy, then we have to pay close attention to the policies that shape it.We are currently living in an age of extreme — and in certain cases, unprecedented — levels of monetary and fiscal policy.Is that wise? Or should market forces be allowed to play […]
Another Bank Just Failed, How Many More Will Come
Image Source: Pexels The first bank failure of 2024 is a familiar tale. A relatively small institution in Philadelphia, by itself it doesn’t really mean all that much. However, there are a couple of important developments to go along with the background which raise questions and a few concerns. Is this the second chapter for the […]
