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Bet_Noire By Brian Levitt, Global Market Strategist It’s been four years since the world shut down because of the coronavirus outbreak. The events of those first weeks of the shutdown still haunt me. I can vividly remember walking through an empty Times Square for what would be my last in-person CNBC Squawk Box appearance for…
Get ahead of the market by subscribing to Seeking Alpha’s Wall Street Week Ahead, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs, investor days, earnings reports and conference presentations. The Federal Reserve meeting will draw all the…
kutaytanir/E+ via Getty Images The Bank of Canada highlighted stubborn inflation as a key reason it kept interest rates hold, even as the economy showed signs of slowing. Andrew Kelvin, Head of Canadian & Global Rates Strategy with TD Securities, discusses the outlook for rates going forward with MoneyTalk’s Greg Bonnell. Greg Bonnell: The Bank…
Feverpitched Opening I am a relatively young investor, continually evolving on my journey to discover the best companies in the world. Last week, I published my long-term portfolio with explanations of each holding, providing my ratings for each security based on current prices. Today, I will introduce the companies I’ve sold in 2023 and explain…
In its initial filing, BlackRock mentioned that the Prime Execution Agent would obtain BTC to support the ETF’s shares on a 1-to-1 ratio. Although the company didn’t disclose the name of the chosen agent, it did identify Coinbase as the proposed custodian. BlackRock Inc (NYSE: BLK), the world’s largest asset manager, is putting the final…
In the recent filing, the US SEC stated that they are still considering on whether these Ethereum ETFs should be listed. The United States Securities and Exchange Commission (SEC) has announced a delay in its decision on several Ethereum (ETH) exchange-traded funds (ETFs) until May 2024. As per regulatory filings on December 18, the SEC…
As the crypto market braces for the Federal Reserve’s decision, traders are showing caution, evidenced by a 40% drop in trading volume over the last 24 hours. Bitcoin (BTC), the world’s leading cryptocurrency, finds itself in a period of consolidation around the $41,000 price mark, as traders eagerly await the Federal Reserve‘s interest rate decision,…
The gains have come while traders await the conclusion of the final Fed meeting of 2023. Investors are looking forward to the newest policy decision by the Fed. Meanwhile, US stock futures climbed slightly higher on Tuesday, December 12. Dow Jones Industrial Average futures closed up by 42 points, or 0.11%. And the gains of…
This week, the decision from the Fed regarding interest rates and inflation statements for November will be released. These are both expected to trigger market volatility. As the year wraps up, Bloomberg is predicting that several key events this week will lead to increased stock market volatility. The first of these is the decision by…
The US SEC has delayed its decision on converting Grayscale’s ETHE product to a spot Ethereum ETF by another 45 days with the next hearing on January 25, 2024. The Securities and Exchange Commission (SEC) has announced a postponement in the decision-making process regarding the approval or disapproval of the Grayscale Ethereum Trust’s spot exchange-traded…
The update from the SEC appears to suggest that it plans to approve all Bitcoin exchange-traded funds (ETFs) at once. In a move that many may not have envisaged, the Securities and Exchange Commission (SEC) has provided an update on two Bitcoin ETF applications nearly a month before the scheduled deadline. In a Tuesday filing,…
The SEC announced a delay in deciding on the Bitcoin and Ether ETFs from Hashdex and Grayscale, stating that it needs more time. The United States Securities and Exchange Commission (SEC) has officially delayed making a decision on the spot Bitcoin exchange-traded fund (ETF) application submitted by crypto asset management firm Hashdex. The company had…
Bitcoin forms a “Golden Cross” pattern on the technical charts suggesting a bullish price actions going ahead. The world’s largest cryptocurrency Bitcoin (BTC) has been consolidating around $34,400 levels recently with the Bank of Japan (BoJ) recently deciding to soften its grip on the “yield curve control” program. On Tuesday, the central bank maintained the…
Richard Drury Investment Thesis United Therapeutics Corporation (NASDAQ:UTHR) has been in a long-term uptrend since 2019, making higher highs and higher lows. The stock broke out of a consolidation pattern and reached a new all-time high of $283.09, its current 52-week high. This indicates that the bulls are in control, and there is strong demand…
Bim Note: I have discussed Hyliion Holdings Corp. (NYSE:HYLN) previously, so investors should view this as an update to my earlier coverage of the company. After the close of Tuesday’s session, Hyliion Holdings Corp. or “Hyliion” surprised market participants with the decision to pursue strategic alternatives for the company’s core electric powertrain business and refocus…
Matt Cardy By Fawad Razaqzada Earlier, the Bank of England announced interest rates would be kept unchanged in a surprise move (not to us) and the pound took another plunge, dropping below 1.2250 in an initial reaction. The BoE’s policy statement was somewhat hawkish and the MPC split. This means that the next few policy…
Amid sticky inflation, Fed Chair Jerome Powell said that they would approach the monetary policy very cautiously. Analysts expect only two rate cuts instead of four, in 2024. On Thursday, September 21, the US Treasury yields experienced an upward surge approaching levels not observed in over a decade. This movement followed the Federal Reserve’s announcement…
Katharina13 By Robert Carnell August labour report Keeping up its reputation for being an unforecastable piece of data, Australia’s August labour report surprised strongly on the upside. A total of 64,900 new jobs were created in August. And although almost all of these were part-time jobs (62,100), such jobs have a habit of becoming full-time…
Bitcoin, which rose after Grayscale won its SEC case, has fallen to its lowest point since March as the market awaits an ETF decision. Bitcoin (BTC) is not keeping up with the bulls as it fell 1% in 24 hours, crashing below the $25,700 mark. The price is some distance from last week when Bitcoin…
As Australia deliberates the potential implementation of CBDC, the central bank’s report emphasizes that while introducing a digital dollar could enhance efficiency and resilience in certain segments of the country’s payment ecosystem. As the global financial landscape continues its rapid evolution, the Reserve Bank of Australia (RBA) has concluded its pilot program for a central…
The United States Securities and Exchange Commission has announced an extension of the numerous pending Bitcoin Exchange-Traded Fund approvals decision until 2024. This move highlights the SEC‘s commitment to thoroughly assess the potential risks and benefits of a Bitcoin ETF, considering its potential impact on both the crypto market and traditional financial systems. Regulatory Hurdles…