Category Archive: Finance, No picture
DoorDash To Report Q1 Earnings: What’s In Store?
Image Source: Unsplash DoorDash (DASH – Free Report) is set to release its first-quarter 2024 results on May 1.The Zacks Consensus Estimate for the top line is currently pegged at $2.45 billion, suggesting a 20.63% increase year over year.The consensus mark for loss is estimated to be 7 cents per share, unchanged in the past 30 days. DASH reported a loss […]
Mode TVL soars 140% as users hunt for airdrops
Mode surpassed $344 million in total value locked (TVL) and shows the largest growth among Ethereum layer-2 blockchains over the past 7 and 30 days, according to data aggregator DefiLlama. This huge leap in TVL could be related to users rushing to farm Mode’s native token airdropped, rumored to have a snapshot at the beginning […]
Bitcoin halving won’t be enough to sustain a bull run: Kaiko Research
Bitcoin’s latest halving event is unlikely to trigger a sustained bull run over the next 12 to 18 months, according to the report “Bitcoin’s Fourth Halving: This Time is Different?” by analysis firm Kaiko.Despite historical periods of substantial returns post-halving, the current climate is marked by a mature asset class and uncertain macroeconomic conditions. A potential […]
Yen Collapse Suggests We Are At The Tipping Point Of Keynesian Failure
Image Source: Unsplash If there’s one myth that Keynesianism has ingrained successfully into the sound money gold and silver community, it’s that higher rates are the solution to higher consumer prices. We are about to see that myth blasted into subatomic pieces so small it will conclusively demonstrate the existence of quarks.The yen is collapsing as […]
ZIM Stock Price Spikes Amid Dividend Hopes But There’s A Key Risk
Image Source: Unsplash ZIM Integrated (NYSE: ZIM) stock price went through a short squeeze on Friday as traders continued focusing on the ongoing crisis in the Middle East. It climbed by over 15% on Friday, reaching a high of $14, its highest level since February 1st. It has soared by over 45% from its lowest point […]
The Turn Is Coming
Image Source: Pexels “Davidson” submits:The 10yr minus 3-month Treasury rate, called the Yield Curve, is moving higher at a rapid pace as investors adjust their inflation thinking to being more persistent in the 3%-4% range. At the moment, T-Bills priced at 5.25% remained roughly stable giving a Real rate of return of close to 2%. I […]
The Federal Reserve’s $34.5 Trillion Problem
Image Source: Unsplash The Federal Reserve has a $34.5 trillion problem.And the problem is growing.Yes, I’m talking about the national debt. How is the debt the Fed’s problem?It hamstrings the Fed’s ability to fight price inflation.In a recent interview, Crescat Capital macro strategist Tavi Costa told Kitco News that soaring debt levels could ultimately render the central […]
Google, How Does One Get A Stock Higher? And What’s Stagflation?
Image Source: Unsplash The story this morning is clearly the stunning rise in the price of Alphabet (GOOG, GOOGL). It’s higher for the correct reasons: solid earnings and returning money to shareholders. Enthusiasm about artificial intelligence certainly played a role, but a manufacturer of boring widgets would rally if it could show revenues rising 15%, profits […]
ezETH depeg puts ETH restaking volatility into the limelight
Renzo’s liquid restaking token (LRT) ezETH experienced a dramatic drop this week, losing over 7% of its peg with Ether (ETH) within hours, with some 50% depeg in some decentralized applications. This decline was further intensified by the liquidation of leveraged yield farmers utilizing ezETH as collateral for high-risk loans and inserts the volatility of […]
AUD/USD Climbs 1.82% Across Four Sessions
Image Source: Unsplash The Australian dollar has demonstrated remarkable resilience and vigor, charting a course of consistent gains throughout the week. As the European trading session unfolds, the AUD/USD pair exhibits a positive trajectory, currently stationed at 0.6534, marking a 0.24% rise on Friday. This ascent extends the currency’s streak to four consecutive sessions of gains, cumulatively amounting […]
