Financial News
- Vladimir Zernov
According to the report, confidence improved among consumers of all age groups.
- James Hyerczyk
Given the persistent low inventory and steady demand, the U.S. housing market is expected to remain bullish.
- Ibrahim Ajibade
Former US President, Donald Trump has doubled down on his support for the cryptocurrency industry, emphasizing the importance of American dominance in the growing sector.
- Ibrahim Ajibade
After another successful appeal from Do Kwon’s legal team, Montenegro’s High Court will once again decide whether to extradite the Terraform Labs co-founder to the United States or South Korea.
- Ibrahim Ajibade
Ethereum price surged above $3,850 twice in the last 48-hours, as bullish investors front-run influx of funds into the newly-approved ETH spot ETFs.
- Bob Mason
ETH stole the show, with the SEC approving the first 19b-4 application, while the US BTC-spot ETF market extended its inflow streak to three weeks.
- Vladimir Zernov
Year-ahead inflation expectations increased from 3.2% to 3.3%.
- James Hyerczyk
Durable goods orders rise, especially in transportation, indicating a bullish short-term outlook for the manufacturing sector.
- Bob Mason
Bad weather conditions impacted UK retail sales in April, which may limit the influence of the numbers on the Bank of England and plans to cut rates.
- Ibrahim Ajibade
In a landmark decision on May 23, 2024, the U.S. Securities and Exchange Commission (SEC) has approved the first Ethereum Exchange-Traded Funds (ETFs).
- Vladimir Zernov
Natural gas prices moved lower as traders took some profits off the table after the strong rally.
- James Hyerczyk
The slight decrease in initial claims, combined with the stability in the insured unemployment rate, indicates that the labor market is holding steady.
- Bob Mason
German private sector PMI numbers contrasted with disappointing numbers from France, shifting focus to the Eurozone PMIs.
- James Hyerczyk
Nvidia’s Q1 earnings surpass market expectations, driven by high demand for AI chips, boosting its stock in extended trading.
- Vladimir Zernov
Some Fed members are worried that high interest rates may be having smaller effects than in the past.
- Vladimir Zernov
Gasoline inventories declined by 0.9 million barrels.
- Dennis Shen
The UK likely faces rising public debt after coming general elections, given a lack of priority to change policy. Even though the UK benefits from significant debt tolerance, rising debt poses a long-term rating risk.
- Bob Mason
The UK annual inflation rate declined markedly in April. However, core inflation remained elevated, with the annual inflation rate holding above the BoE target.
- James Hyerczyk
Waller’s critical stance on the recent progress reflects a cautious optimism, grading the inflation report as “C-plus.”
- Bob Mason
German producer prices nudge higher in April, while energy costs drag yearly figures down. Eurozone trade data and labor costs are up next.