Category: point
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JPMorgan joins the 50 basis point cut call
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JPMorgan CEO Jamie Dimon recently reiterated his belief that inflation is still a problem, but his economic team disagrees. They have now joined Citigroup in calling for consecutive 50 basis point rate cuts in September and November to kick off a rate-cutting cycle. “We now believe that the FOMC will…
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2 Key Indicators Are Flashing That Could Point to a Major Stock Market Move
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For thousands of years, humans have tried to interpret signs in an attempt to know what the future holds. Star gazing, palm reading, tarot cards, and tea leaves are just some of the methods used. Such efforts are considered superstitious by many investors today. However, some investors believe that certain…
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Check Point becomes Israels most valuable company
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Wall Street investors have responded positively to the appointment of Nadav Zafrir as the new CEO of the veteran Israeli cybersecurity company. Wall Street investors responded positively to the appointment of Nadav Zafrir as the new CEO of Check Point Software Technologies Co., Ltd. (NASDAQ: CHKP), where the stock is…
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Big banks poised for multi-year inflection point, Wells Fargo’s Mike Mayo says (NYSE:STT)
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yongyuan Big banks’ second-quarter earnings support the case that the sector is “at a multi-year inflection point from negative to positive growth in revenue, operating leverage, and earnings per share growth,” says Wells Fargo analyst Mike Mayo. The “five Ps” – central banks, capital markets, costs, credit, and capital –…
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Big banks poised for multi-year inflection point, Wells Fargo’s Mike Mayo says (NYSE:STT)
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yongyuan Big banks’ second-quarter earnings support the case that the sector is “at a multi-year inflection point from negative to positive growth in revenue, operating leverage, and earnings per share growth,” says Wells Fargo analyst Mike Mayo. The “five Ps” – central banks, capital markets, costs, credit, and capital –…
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Mainstream Media Bias Is Bad, But Will Only Get Worse From This Point On
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I returned to social media after a week away in the country, only to find my timeline filled with news of the attempted assassination of Trump. The first thing that came to my mind after noticing my perfect timing was:Let me see how CNN handles this.“ And the first thing…
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Mainstream Media Bias Is Bad, But Will Only Get Worse From This Point On
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I returned to social media after a week away in the country, only to find my timeline filled with news of the attempted assassination of Trump. The first thing that came to my mind after noticing my perfect timing was:Let me see how CNN handles this.“ And the first thing…
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Nvidia is poised to surge another 16% as signs point to ‘exceedingly robust’ demand for its next-gen Blackwell chip, UBS says
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Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/PI Nvidia’s stunning stock rally could continue to $150 per share, UBS said. Recent supply chain checks show “very strong” demand for Nvidia’s next-generation chips, the bank said. Nvidia’s potential EPS of $5 in 2025 would give it a valuation…
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US jobs report for June is likely to point to slower but still-solid hiring
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Breadcrumbs Path Links PMN Business Article author: Associated Press Paul Wiseman Posted on July 05, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content WASHINGTON (Reuters) – The U.S. labor market likely slowed…
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Fed’s Bowman: We’re not at a point yet to consider a rate cut
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Fed’s Bowman: not yet at the point where it is appropriate to cut rates
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We have not yet reached the point where it is appropriate to lower interest rates. If the data shows that inflation is moving sustainably to 2%, a gradual rate cut will eventually become appropriate. Baseline expectations remain that inflation will return to 2% with interest rates remaining steady for some…
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Dogecoin Bears Return: Indicators Point To More Losses In DOGE
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Dogecoin started another decline from the $0.1285 resistance area against the US Dollar. DOGE is strengthening and may resume its decline below $0.1220. DOGE price is moving lower below the $0.1250 support area. The price is trading below the $0.1250 level and the 100 hourly simple moving average. There is…
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UK polls point to ‘electoral extinction’ for Prime Minister Sunak’s Conservatives By Reuters
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By David Milliken LONDON (Reuters) – Three British opinion polls published late on Saturday presented a bleak picture for Prime Minister Rishi Sunak’s Conservative Party, with one pollster warning that the party faces “electoral extinction” in the July 4 election. The polls come in the middle of the election campaign,…
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Euro fallout remains a focus point before the weekend
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The dollar showed great resilience in trading yesterday, despite setbacks caused by a weak Producer Price Index report and weekly jobless claims data. The strong showing at the 30-year Treasury auction may have highlighted some of the larger flows in the markets, with traders shifting their allocations from Europe to…
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NRA & Cantero In The Supreme Court: Implications for Operation Choke Point 2.0 and Custodia Bank
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Yesterday, the US Supreme Court issued two important cases that will likely have wide-ranging impacts on Bitcoin and cryptocurrencies. Decisions are National Rifle Association of America v. Volo (Natural Resources Authority) And Cantero, et al. Fifth. Bank of America, NA (stonecutter). in Natural Resources Authority, the Court addressed a crucial…
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NRA & Cantero In The Supreme Court: Implications for Operation Choke Point 2.0 and Custodia Bank
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Yesterday, the US Supreme Court issued two important cases that will likely have wide-ranging impacts on Bitcoin and cryptocurrencies. Decisions are National Rifle Association of America v. Volo (Natural Resources Authority) And Cantero, et al. Fifth. Bank of America, NA (stonecutter). in Natural Resources Authority, the Court addressed a crucial…
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Ethereum Spot ETF: Experts Weigh In On ETH Selling Point Post-ETF Approval
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In an interesting turn of events, the US Securities and Exchange Commission (SEC) approved pending ETF applications last week. This historical development has led to commentary on the value and acceptability of the ether token, especially among a specific demographic. If Bitcoin is digital gold, what is Ethereum? Eric Balchunas,…
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Ethereum Bulls On The Rise? Crucial Indicator Point To A Major Upturn
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Ethereum (ETH), the second-largest cryptocurrency by market cap, has recently shown signs that a potential recovery is on the horizon. Analysts were closely monitoring various technical indicators, and one of those analysts, Ali, did just that Highlight A major signal indicating an imminent price rise. Related reading Chain TD Signals…
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Gil Shwed to sell Check Point shares worth $200m
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For a long time, Check Point (Nasdaq: CHKP) CEO Gil Schwed received neither salary (exceeding minimum wage), nor bonus, but only options allocations, at his request. The goal is to create alignment between Schwed’s compensation and the interests of other shareholders. If the stock price rises, both sides benefit. An…
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At some point this will be a problem for markets
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I saw this chart today (here) and I couldn’t believe it so I checked the Census Bureau again and it was true. Current projections are that the US population will now peak at just under 370 million in 2080, but with it reaching 359 million in 2040, it’s a really…