Category Archive: Finance, No picture
Electric Revenge: Texas Sues BlackRock And Others For ‘Conspiring’ To Quash Coal, Sending Energy Prices Soaring
Image Source: UnsplashTexas is leading a new lawsuit with 10 other red states against BlackRock, Vanguard and State Street for allegedly breaking antitrust law by colluding to suppress coal – causing electricity prices to spike.“Competitive markets — not the dictates of far-flung asset managers — should determine the price Americans pay for electricity,” wrote Texas Attorney General Ken Paxton in […]
Asia Morning Bites For Thursday, Nov 28
Image Source: Unsplash Global Macro and Markets Global Markets: 10-year Treasury yields declined about 5bp to about 4.26%, while the 2-year yield was down by 3bp to 4.22%. The Bloomberg Dollar Spot Index fell 0.7%, but the US equity rally took a breather after a seven-day rally. The S&P 500 was down 0.4% and Nasdaq down […]
Retail Stocks Resilient To Trump Tariffs: Top Picks For Investors
Image Source: Unsplash Donald Trump plans on raising tariffs by 10% on goods from China while imports from Canada and Mexico will also see a 25% increase in tariffs, as per his recent announcement on Truth Social.Retail stocks are broadly expected to feel the pressure as higher tariffs take effect.Still, Oppenheimer analyst Rupesh Parikh sees two of […]
Celsius begins second distribution of $127 million to eligible creditors
Key Takeaways Celsius Network’s second distribution of $127 million raises recovery rate to 60.4% for creditors. Creditors will receive Bitcoin valued at $95,836.23, the weighted average price for this distribution. Share this article Celsius Network is distributing $127 million to eligible creditors in its second payout under bankruptcy proceedings, following the crypto lender’s collapse in […]
The Data Shows Three Market-Jolting Forces On The Move
Image Source: Unsplash Maybe they thought we wouldn’t notice, what with it being the day before Thanksgiving and all, but we got more than 15 major and minor economic data reports today – everything from GDP to jobs to crude oil stocks inventories and just about everything in between.Not everything in the reports was big news, […]
Q3 2024 U.S. Retail Scorecard – Update
Image Source: Unsplash To date, 169 of the 194 companies in our Retail/Restaurant Index have reported their EPS results for Q3 2024, representing 87% of the index. Of those companies that have reported their quarterly results, 63% announced profits that beat analysts’ expectations, while 4% delivered on-target results and 33% reported earnings that fell below estimates. […]
FTSE Posts Modest Gains, As UK Yields Hit Lowest Levels Since The Budget
Image Source: Unsplash U.K. stocks saw modest increases in cautious trading on Wednesday as investors digested the release of the Federal Reserve’s preferred inflation measure and considered the potential impact of U.S. President-elect Donald Trump’s tariff proposals on economic growth. The benchmark FTSE 100 rose 0.06% after declining 0.4% the previous day. Housebuilders and real estate […]
Bitwise CIO says Bitcoin’s $0 risk is gone, pullbacks now attract buyers
Key Takeaways Bitcoin’s risk of falling to zero has disappeared, attracting value-focused buyers during pullbacks. The market has matured, with reduced price correction intensity indicating a growing investor base. Share this article Bitwise CIO Matt Hougan has weighed in on a key shift in Bitcoin market behavior, referencing a recent post by CoinDesk analyst James […]
5 Promising Cryptos To Watch In 2025
Image Source: Unsplash The crypto landscape is evolving rapidly, and 2025 will be a pivotal year for blockchain technology and cryptocurrency adoption. With innovations, enhanced use cases, and increasing market demand, certain cryptocurrencies are emerging as strong contenders for long-term success. Here’s a closer look at 5 promising cryptos for 2025 that could redefine the industry and offer […]
Gold’s Not Rising, Currencies Are Failing
Image Source: Unsplash David Morgan delves into the recent fluctuations in the gold market, explaining how geopolitical tensions, such as the ongoing Ukraine-Russia conflict, have driven gold prices up as investors seek safe-haven assets. Morgan touches on the potential for a gold-backed BRICS currency, warning that despite this movement, the global financial system is still largely […]
