Financial News
- Ibrahim Ajibade
Bitcoin (BTC) ETFs recorded the outflows of $328 million last week, the highest since the SEC approval in January 2024. What could happen in the week ahead?
- Ibrahim Ajibade
Vitalik Buterin responded to reports of Ethereum community members bemoaning the switch from the old proof-of-work model to a proof-of-stake consensus.
- Ibrahim Ajibade
The crypto sector has continued to struggle for stability since Bitcoin Halving on April 20. Here’s how BTC, ETH, SOL and DOGE performed over the weekend.
- Ibrahim Ajibade
The cryptocurrency landscape closes yet another dramatic week with Binance founder Changpeng Zhao, Ripple Laps & Shiba Inu seizing the limelight.
- Bob Mason
In the week ahead, US labor market data, ISM Services PMIs, and the FOMC press conference will be focal points amidst fading bets on Fed rate cuts.
- Bob Mason
The broader crypto market faced the threat of another weekly loss going into Saturday (April 27) while activity in the US courts drew interest.
- Ibrahim Ajibade
Nearly a week after the halving, Bitcoin Runes have achieved a milestone as observers and participants alike deliberate over the impacts of the new standard.
- Vladimir Zernov
Year-ahead inflation expectations increased from 2.9% to 3.2%.
- James Hyerczyk
Fed’s inflation measure exceeds forecasts; all-items PCE index signals robust inflation, with March seeing substantial income rise, boosting spending.
- Bob Mason
The USD/JPY jump to 156 will spotlight the Bank of Japan press conference that precedes the all-important US Personal Income and Expenditures Report.
- James Hyerczyk
Alphabet and Microsoft boast strong earnings in digital ads, AI, and cloud; Snap’s Q1 shows notable user and revenue growth.
- James Hyerczyk
Microsoft may exceed growth expectations; Alphabet’s AI strategy aims to keep its market edge; earnings to influence quarter’s stock performance.
- Vladimir Zernov
The National Association of Realtors expects that existing home sales will grow by 9% in 2024.
- James Hyerczyk
Q1 2024 sees modest GDP rise of 1.6%, federal cuts vs. state hikes, and a purchase price index jump to 3.1%.
- Bob Mason
German GfK Consumer Climate improves: Willingness to Save limited the upside amidst lingering uncertainties about the economy and labor market.
- James Hyerczyk
Meta’s shift to AI and metaverse likely to exert short-term pressure on Nasdaq 100 due to significant investments and ongoing losses.
- Vladimir Zernov
Gasoline inventories declined by 0.6 million barrels from the previous week.
- James Hyerczyk
Durable goods and transportation orders rise, surpassing forecasts and signaling robust economic growth.
- Bob Mason
German business sentiment rises sharply in April, services sector shows robust improvement, putting the ECB in the spotlight.
- James Hyerczyk
Tesla’s Q1 revenue drop and strategy shift to affordability precede stock resilience in after-hours trading.