Category: market
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MENA received $338b value in crypto as the 7th-largest market
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The Middle East and North Africa region has become the seventh largest cryptocurrency market with growing adoption by both retail and institutions. According to a Chainalysis report, the Middle East and North Africa region received $338.7 billion in cryptocurrencies between July 2023 and June 2024, ranking seventh. This represents 7.5%…
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Daily Broad Market Recap – September 24, 2024
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Central bankers were in the spotlight yesterday, and the lack of high-profile data releases facilitated a repricing of monetary policy biases across major assets. What headlines influenced the price movement of major assets? We have the details! Headlines: China announces a series of stimulus measures Which includes reducing the reserve…
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Nvidia stock’s 20% drop is actually a good sign for the market, strategist says. Here’s why
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Tony Roth, Chief Investment Officer at Wilmington Trust Investment Advisors (mountain bikeWe spoke with Quartz in the latest episode of our “Smart Investing” video series. Watch the interview above and check out the transcript, lightly edited for length and clarity, below. Andy Mills (p): Big tech names like Nvidia and…
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$1 Milestone For Dogecoin Looms: Market Expert Reveals Shocking Timeline
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Early consequences of recent events Fed cuts interest rates The overall cryptocurrency industry has been on a positive note with major assets like Dogecoin showing bullish sentiment. This positive performance has prompted many bullish predictions for DOGE, with some analysts predicting the dog-themed meme coin to reach unprecedented highs in…
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Daily Broad Market Recap – September 23, 2024
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Major assets were all over the place on Monday, as traders priced in a Federal Reserve rate cut, escalating tensions in the Middle East, and a potential slowdown in global growth. What headlines have caught traders’ attention during recent trading sessions? We talk about them below! Headlines: New Zealand trade…
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Daily Broad Market Recap – September 23, 2024
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Major assets were all over the place on Monday, as traders priced in a Federal Reserve rate cut, escalating tensions in the Middle East, and a potential slowdown in global growth. What headlines have caught traders’ attention during recent trading sessions? We talk about them below! Headlines: New Zealand trade…
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US DOJ to sue Visa over debit card market monopoly, Bloomberg News reports By Reuters
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(Reuters) – The U.S. Justice Department plans to file a lawsuit against Visa Inc., the world’s largest payments network operator, alleging that the company illegally monopolized the country’s debit card market, Bloomberg News reported on Monday. The antitrust division is set to file a lawsuit against Visa in federal court…
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US DOJ to sue Visa over debit card market monopoly, Bloomberg News reports By Reuters
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(Reuters) – The U.S. Justice Department plans to file a lawsuit against Visa Inc., the world’s largest payments network operator, alleging that the company illegally monopolized the country’s debit card market, Bloomberg News reported on Monday. The antitrust division is set to file a lawsuit against Visa in federal court…
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DOJ to accuse Visa of illegally monopolizing US debit card market
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The U.S. Justice Department is planning to charge Visa Inc. with illegally monopolizing the U.S. debit card market, according to people familiar with the matter. The antitrust division is set to file a lawsuit next Tuesday, accusing the operator of the largest U.S. payments network of a range of anticompetitive…
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JCB boosts profits despite global market downturn
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JCB, the British heavy machinery manufacturer based in Staffordshire, has reported a significant rise in profits despite a global slowdown in the machinery sector. The company reported a 44% increase in pre-tax profits, to £806m last year, up from £558m in 2022. Revenues also saw an impressive 14% rise, to…
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FET and TAO lead market rally as this hidden AI token aims for 1000x returns
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. As the cryptocurrency market develops, AI tokens like FET and TAO are outperforming. Meanwhile, a new AI-powered altcoin is in the presale stage with returns of up to 1000x. As…
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JD Vance says he’s worried about a ‘death spiral’ in the US bond market. Here’s what he’s talking about.
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Drew Hallowell/Getty Images JD Vance recently warned of a “death spiral” in the U.S. bond market. Vance’s concerns relate to the United States servicing its $35 trillion debt. “Are they trying to bring down the Trump presidency by sending bond prices higher?” asked JD Vance. US vice presidential candidate J.D.…
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Tether Closing In On Historic $120 Billion Market Cap Milestone
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This article is also available in Spanish. Tether (USDT), the world’s largest stablecoin and the third-largest cryptocurrency by market cap, has confirmed its dominance in the cryptocurrency market and is now on the verge of a major milestone. Recent data shows huge influx of money The cryptocurrency industry has seen…
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Tether Closing In On Historic $120 Billion Market Cap Milestone
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This article is also available in Spanish. Tether (USDT), the world’s largest stablecoin and the third-largest cryptocurrency by market cap, has confirmed its dominance in the cryptocurrency market and is now on the verge of a major milestone. Recent data shows huge influx of money The cryptocurrency industry has seen…
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Weekly Market Outlook (23-27 September)
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Upcoming Events: Monday: Japan on holiday, Australia/Eurozone/UK/US spot PMIs. Tuesday: Japan PMI, RBA Monetary Policy Decision, German IFO, US Consumer Confidence. Wednesday:Australia Monthly Consumer Price Index. Thursday:SNB Monetary Policy Decision, US Durable Goods Orders, US Q2 Final GDP, US Unemployment Claims. FridayTokyo CPI, Canada GDP, US Personal Spending Index. Monday…
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Weekly Market Outlook (23-27 September)
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Upcoming Events: Monday: Japan on holiday, Australia/Eurozone/UK/US spot PMIs. Tuesday: Japan PMI, RBA Monetary Policy Decision, German IFO, US Consumer Confidence. Wednesday:Australia Monthly Consumer Price Index. Thursday:SNB Monetary Policy Decision, US Durable Goods Orders, US Q2 Final GDP, US Unemployment Claims. FridayTokyo CPI, Canada GDP, US Personal Spending Index. Monday…
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Tech resilience amidst semiconductor slump: Analyzing today’s market vibe
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Stock Heat Map from FinViz.com Friday, September 20, 2024 13:46:03 GMT ? Sector Overview: Mixed performance across markets Today, the US stock market offers a mixed bag of performance across sectors. While some giant companies have shown resilience, others have suffered significant declines, painting a complex picture for investors. ?…
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This $80 Billion Market Could Be the Next Big Growth Driver for Nvidia Stock
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Graphics processing units (GPUs) have been created. Nvidia‘s (NASDAQ: NVDA) Intel has been in the bread and butter business for a very long time. Initially, the company made its name by producing graphics processing units (GPUs) for use in gaming and content creation PCs, before eventually gaining fame with its…
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Bitcoin Metrics Show Market Equilibrium: Entry Opportunity Or A Sign Of Stagnation?
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Bitcoin has surged 11% since Tuesday after the Federal Reserve announced a 50 basis point interest rate cut. The massive price action pushed Bitcoin past the $62,000 level, a psychological level that has investors optimistic about. However, despite the recent surge, important data from Glassnode reveals that Bitcoin capital inflows…