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Major earnings releases for the week starting May 20 highlighted by Nvidia.
Next week’s earnings calendar is arguably not over, with the most important earnings announcement scheduled for Wednesday, May 22nd when Nvidia reports earnings after the close. Summary of the most important releases: Monday 20 May Zoom in Palo Alto Networks Trip.com Tuesday 21 May Louise Take care of the brothers…
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Memecoin Eyes New Highs as OI Soars
Floki Inu (FLOKI), a memecoin inspired by the Shiba Inu, has stepped into the spotlight with an increase in trading activity and a nearly 20% price increase in the past week. However, experts warn that these “minis” may be short-lived, fueled more by hype than solid fundamentals. Related reading Open…
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Venezuela opposition candidate says he will guarantee political freedom By Reuters
Written by Vivian Sekera LA VICTORIA, Venezuela (Reuters) – Venezuelan opposition candidate Edmundo Gonzalez said on Saturday he would guarantee freedom of action for all political parties if he ousted President Nicolas Maduro in elections scheduled for July, and urged the military to support the country’s institutions as the president…
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Evercore ISI offers outlook for fed funds rate in each scenario By Investing.com
Although interest rates are at high levels, the economy has not weakened in the way many expected. In a research note, Evercore ISI examines the impact of the Fed’s fiscal policy on interest rates, noting that compared to the pre-Covid baseline, it is likely still stimulating the economy. In other…
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AntPool mines 7 consecutive blocks, ‘centralization trend’ continues
AntPool, the second-largest Bitcoin (BTC) mining pool, mined seven consecutive blocks on May 17, raising concerns within the cryptocurrency community about the network’s security. This blockchain confirmed 20,686 transactions, resulting in over 23 bitcoins, worth approximately $1.54 million in revenue. The mining spree occurred between block heights 843,898 and 843,904,…
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AntPool mines 7 consecutive blocks, ‘centralization trend’ continues
AntPool, the second-largest Bitcoin (BTC) mining pool, mined seven consecutive blocks on May 17, raising concerns within the cryptocurrency community about the network’s security. This blockchain confirmed 20,686 transactions, resulting in over 23 bitcoins, worth approximately $1.54 million in revenue. The mining spree occurred between block heights 843,898 and 843,904,…
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The Most Outrageous Ripple (XRP) Price Predictions This Year
Turkish lire; Dr XRP is trading at $0.52, and some analysts are predicting potential rises to $5.85, $18.22, and even as much as $100, although extreme targets are unlikely. The ongoing lawsuit between Ripple and the Securities and Exchange Commission is significantly impacting the asset’s price, with the company’s district…
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Plug Power rises to top industrial gainer of week, while IES Holdings dips
audioundwerbung/iStock via Getty Images Selected Industrial Sector (XLI) declined-0.28%) for the week ending May 17 after gaining for three straight weeks, while the SPDR S&P 500 Trust ETF (SPY) rose (+1.65%) Climb four weeks on the trot. Year-to-date, or since the beginning of the year, XLI has risen +9.95% SPY…
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Don’t give up on the US dollar yet – TD
TD Securities outlines its strategic view on the US dollar’s path, recommending that the recent gains in the euro, pound, loonie and Swiss franc against the US dollar should fade due to the divergence in inflation and growth expectations between the US and G10 countries. the main points: Short-Term Outlook:…
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Bitcoin Investor Sentiment Witnesses Bullish Shift – BTC Price To $70,000 Soon?
After reaching an all-time high of $73,737 in mid-March, Bitcoin has been unable to maintain itself at a high level of activity and strength. In fact, the leading cryptocurrency entered a new era with the halving event in April, but its price performance in the past weeks has not yet…
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Stock market rally: 14 of world’s 20 biggest markets hit record highs
From New York to London to Tokyo, if there is one similarity among global stock markets it is this: record highs. Of the world’s 20 largest stock markets, 14 recently reached all-time highs. The MSCI ACWI index, which tracks developed and emerging markets, hit a record high, hitting another new…
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UBS warns gold prices may pull back soon, remains bullish long-term By Investing.com
In a note to clients, UBS analysts asked investors to consider portfolio hedges amid ongoing macroeconomic uncertainty. However, they noted that although gold has traditionally served as a safe-haven asset, there are potential headwinds in the short-term. Specifically, if markets lower their expectations for an interest rate cut by the…
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Bitcoin Asia: China Emerges As New Frontier For Bitcoin Innovation
Ah, the Wild West. John Wayne, The Man With No Name, Billy the Kid and Jesse James. Borders have a way of capturing everyone’s imagination – young and old. Cowboys, outlaws, gold diggers. A land of opportunity and harsh cruelty. Ruthless but irresistible. Bitcoin was once such a frontier. The…
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Bitcoin Asia: China Emerges As New Frontier For Bitcoin Innovation
Ah, the Wild West. John Wayne, The Man With No Name, Billy the Kid and Jesse James. Borders have a way of capturing everyone’s imagination – young and old. Cowboys, outlaws, gold diggers. A land of opportunity and harsh cruelty. Ruthless but irresistible. Bitcoin was once such a frontier. The…
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Commercial Property Values Poised for Growth as Office Return Accelerates
The commercial property market may be approaching rock bottom as more workers return to their offices, according to Land Securities, one of the UK’s largest landlords. Mark Allan, chief executive of Land Securities, which has a portfolio worth billions, said high-quality property values “have pretty much bottomed out and will…
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B2Broker Attending FMAS:24 as Industry Leader
The final countdown to the Finance Magnates Africa Summit (FMAS:24) is under way in Sandton City. As one of the most anticipated events of the year, the industry’s leading brokers are expected to be in attendance, including B2Broker. Ahead of the event, Finance Magnates spoke with B2Broker’s Chief Dealing Officer…
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Why Did Bitcoin Just Jump 10%? Blockchain Firm Weighs In
The cryptocurrency market has been on a hot streak in the past few days, with several large-cap assets recording significant gains in the past week. Notably, the price of Bitcoin rebounded from around $61,000 to over $67,000 for the first time in about a month. As expected, the recent price…
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Why Did Bitcoin Just Jump 10%? Blockchain Firm Weighs In
The cryptocurrency market has been on a hot streak in the past few days, with several large-cap assets recording significant gains in the past week. Notably, the price of Bitcoin rebounded from around $61,000 to over $67,000 for the first time in about a month. As expected, the recent price…