Category: underlying
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Forget Bitcoin, MicroStrategy is up 500% this year, and Michael Saylor explains how the stock has outperformed its underlying assets
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Investor EmpiresAs crypto bulls wait for Bitcoin to reach the $100,000 level, they may also want to consider a company that owns nearly 400,000 tokens. MicroStrategy has been cashing in on Bitcoin, for better or worse, after co-founder and CEO Michael Saylor tied the software company’s fortunes to the cryptocurrency in…
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Australia’s Jobless Rate Rose to a Two-And-A-Half-Year High, but Other Components Showed Underlying Strength
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Investor EmpiresAustralian Bureau of Statistics data showed that Australia’s seasonally adjusted unemployment rate rose from 4.1% to 4.2% in July. This is the highest level since February 2022! However, the components of the report actually point to a stronger labor market during the month: 58.2K net jobs added (vs. 20.2K expected)…
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Australia’s Jobless Rate Ticked Higher In June But Underlying Data Pointed To Labor Market Strength
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Investor EmpiresAustralia’s seasonally adjusted unemployment rate rose to 4.1% from 4.0% in June, Australian Bureau of Statistics data showed. However, the details of the report mostly pointed to a strengthening labor market during the month: labor force participation rate The percentage improved from 66.8% to 66.9% as more workers looked for…
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Fed’s Favorite Underlying Inflation Gauge Is Seen Cooling
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Investor EmpiresBreadcrumb links PMN works The Fed’s first measure of inflation is poised to show some modest relief from stubborn price pressures, bolstering central bankers’ wisdom about the timing of interest rate cuts. Article writer: Bloomberg News Vince Juhl and Craig Sterling Posted on May 25, 2024 • 6 minute read…