Financial News
- Bob Mason
The BTC-spot ETF market tested buyer demand for BTC, while XRP trended upwards amidst court filings from the SEC and Ripple.
- Ibrahim Ajibade
Shiba Inu (SHIB) price surge 20% within the daily timeframe on Friday May 3, as market reacted to a landmark Paypal integration.
- Vladimir Zernov
The index indicated contraction after 15 consecutive months of growth.
- James Hyerczyk
The U.S. labor market displayed signs of cooling in April, with job growth falling short of expectations and the unemployment rate inching higher.
- James Hyerczyk
Apple’s Q2 EPS of $1.53 beats forecasts, share buyback and dividend hike boost shares; CEO Cook optimistic despite sales issues.
- Vladimir Zernov
Natural gas market is trying to form a bottom as traders bet on a rebound.
- James Hyerczyk
Market outlook positive with stable jobs, rising costs, and a slight trade deficit improvement hinting at balanced growth.
- Ibrahim Ajibade
Changpeng Zhao, the Binance Founder/ ex-CEO, was sentenced on Tuesday, April 30 to four months in prison after pleading guilty to violating US money-laundering laws.
- Vladimir Zernov
Fed noted that there has been a lack of progress towards its 2% inflation target in recent months.
- Vladimir Zernov
JOLTs Job Openings declined to 8.49 million in March, missing analyst expectations.
- James Hyerczyk
April’s private payrolls beat expectations, with a multiyear low in wage growth offering relief amidst inflation concerns.
- Alvise Lennkh
Euro area governments unable to put in place consistent medium-term fiscal plans face credit-rating pressure even though reducing public borrowing is possible including for highly indebted countries, says Scope Ratings.
- Vladimir Zernov
According to the report, consumers became more concerned about future business conditions, job availability, and income.
- Eiko Sievert
After five years of near-zero cumulative growth since the pandemic, Germany’s recovery is unlikely to accelerate without policy reform and an increase in net investment, supported by its significant fiscal space.
- James Hyerczyk
Coca-Cola’s EPS reaches 72 cents with $11.30 billion revenue; company raises growth forecast; McDonald’s struggles in Middle East.
- Ibrahim Ajibade
MicroStrategy’s Bitcoin holdings increased by 122 BTC in April, according to Q1 2024 report. The Michael Saylor-led firm now holds BTC worth $13.6 billion.
- Bob Mason
Investor focus shifts to German GDP, Eurozone GDP, Eurozone inflation, and US economic data post German retail sales surge.
- Bob Mason
Economic Momentum in Question: China Caixin Manufacturing PMI sends mixed signals despite an unexpected increase in the headline PMI.
- Ibrahim Ajibade
As May 2024 approaches, over $3 billion worth of tokens are about to be unlocked across seven different projects, according to TokenUnlocks data. The two largest unlocks will be from DeFi oracle network Pyth and crypto derivatives platform Aevo (formerly Ribbon Finance). Most crypto projects make their total supply of
- Vladimir Zernov
The report indicated that wage pressures picked up, while price pressures declined.