Category Archive: Finance, No picture
China Kept Interest Rates At Lows
Image Source: Pexels On Friday, the Dow Jones (US30) Index gained 0.56% (for the week -0.23%), while the S&P 500 (US500) Index fell by 0.88% (for the week -3.54%). The Nasdaq Technology Index (US100) closed negative 2.05% (for the week -6.11%). The S&P 500 (US500) fell to a one-month low, and the NASDAQ (US100) fell to a 2-month low. Weak corporate news and rising geopolitical risks weighed on stocks.The latest […]
“No Rate Cut” Bear Scares S&P 500 Into Retreat
The S&P 500 (SPX) fell again durin ghte third week of April 2024. The index closed out the week at 4,967.23, a little over three percent below the level it closed the second week. The index has dropped 5.5% below its record peak closing value from 28 March 2024.The main driving force behind the falling level […]
Copper Market Commentary – Monday, April 22
Copper Rally ContinuesCopper prices are seen breaking out to their highest level since June 2022 today as geopolitical uncertainty creates growing supply risks. News of fresh UK/US sanctions on Rusisan metals suppliers is stoking fears that an already-tight market will be further choked of supply. Copper futures are currently trading around 24% higher on the […]
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Transurban Group
Image Source: Unsplash ASX: TRANSURBAN GROUP – TCL Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) TRANSURBAN GROUP – TCL. We are identifying that TCL has a 2-red wave that opened in the form of a Zigzag, and may soon end, opening up the opportunity to move higher with […]
Shiba Inu raises $12 million in token sale to develop its privacy-centric layer 3 blockchain
The team behind Shiba Inu (SHIB) has successfully raised $12 million through the sale of its not-yet-released token, TREAT, the utility and governance token for Shiba Inu’s new privacy-centric layer 3 blockchain.According to the team’s recent announcement, the round saw the participation of numerous venture capital (VC) firms, including Mechanism Capital, Big Brain Holdings, Cypher […]
Governments Could Stop Inflation If They Wanted But They Will Not
Image Source: Pexels Inflation is no coincidence. It is a policy. Governments, along with their so-called experts, attempt to persuade you that inflation stems from anything other than the consistent, albeit slower, rise in aggregate prices year after year. Issuing more currency than the private sector demands, thus eroding its purchasing power and creating a constant […]
The Commodities Feed: Specs Boost Brent Longs
Image Source: Unsplash The oil market gave back all of its gains after Iran downplayed Israel’s limited retaliatory attack. Energy – Speculators boost net long in BrentOil prices gave back almost all of their gains in the early trading session on Friday after it became clear that Iran was downplaying Israel’s limited retaliatory attack. However, what is […]
Gold & Silver Will Soar When Stocks Crash
Image Source: Unsplash The precious metals sector performed poorly during the last three bear markets in stocks. Those include 2022 during initial Fed tightening, the Covid crash of spring 2020, and the heart of the global financial crisis in autumn 2008.Investors steadfastly believe that precious metals will decline during the next economic downturn. History has solidified […]
McDonald’s Under Fire At Regulator Again For Use Of Antibiotics What are McDonald’s antibiotics use guidelines? Other recent filings against McDonald’s
In the latest entry to the enduring saga of shareholders versus fast food chains, The Shareholder Commons (TSC) has filed a notice of exempt solicitation against McDonald’s Corporation with United States regulator the Securities Exchange Commission (SEC). The filing, submitted to the SEC on April 18th, regards McDonald’s use of antibiotics in both its beef and […]
Bitcoin transaction fees stabilize after fourth halving
Miners enjoyed a brief boon as transaction fees sharply rose to as much as $128 per transaction following the fourth Bitcoin halving event and the much-awaited launch of the Runes protocol. Two days ago saw the much anticipated Bitcoin halving event which reduced Bitcoin (BTC) rewards for miners from 6.25 BTC per block to just […]
