Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Businesses have rushed to tap lenders in the $10tn US corporate bond market this week, taking advantage of feverish investor demand and low borrowing premiums to issue swaths of new debt. High-yield or junk-rated companies…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Berkshire Hathaway’s cash pile swelled to a record $189bn in the first quarter of 2024 as Warren Buffett’s sprawling conglomerate continued to dump stocks, including Apple, one of its largest positions. The figure underscores the…
gyro By Min Joo Kang, Senior Economist, South Korea and Japan Quite the dramatic change to the monetary policy statement The Bank of Japan’s statement was much shorter than those previously. It consisted of just three sentences, so it didn’t provide much information about future guidance or policy preferences. This may be because the quarterly…
MicroStockHub Friday’s trade… are we entering a new phase of the bull market? I believe we are. “One size (or group) fits all”, the crowding into a trade like we’ve seen with big technology, can usually work for a while in the market but never is a long-term investment solution. What we now know as…
Userba011d64_201 By Peter C. Earle The AIER Everyday Price Index saw its third largest increase in over a year in March 2024, shooting up 0.82 percent. That rise brings our proprietary inflation index to a new record high of 289.2, surpassing the previous high of 288.60 reached in September 2023. AIER Everyday Price Index vs….
Elena Perova Listen below or on the go on Apple Podcasts and Spotify The Consumer Price Index for March is due with Fed June odds 50/50. (0:19) J.P. Morgan, Citi and Wells Fargo kick off earnings season. (1:29) Paramount Global nearing deal with Skydance? (3:05) The following is an abridged transcript The top stories to…
Vertigo3d Shares of Astera Labs, Inc. (NASDAQ:ALAB) have seen a very strong performance since they came out of the IPO gate on March 20th. As a supplier to AI-focused hyperscalers, Astera operates in the sweet spot at this point in time, with AI still dominating the investment market here. Amidst rapid growth and impressive profitability,…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin has had another period of intense and record-breaking success, spurred on both by positive developments…
FG Trade Latin CEF Overview The Sprott Physical Gold and Silver Trust (NYSEARCA:CEF) is a closed-end fund that invests in gold and silver. The metals are fully allocated for and held at The Royal Canadian Mint. Typically, the mix is around 2/3 in gold and 1/3 in silver. I first covered CEF almost a year…
Bitcoin has surged past the $50,000 mark today, according to CoinMarketCap data, reaching this milestone for the first time since December 2021. CoinMarketCap The breakthrough marks a significant recovery for Bitcoin, which faced massive volatility and fluctuations over the last couple years, reaching lows of around $16,000. Bitcoin’s resilience and upward trajectory underscore its status as a…
Brandon Bell AT&T Inc. (NYSE:T) investors have endured another steep selloff this week, as T stumbled, following a remarkable recovery since it bottomed out in July 2023. Observant investors should recall that the Wall Street Journal, or WSJ, reported that the Environmental Protection Agency or EPA “requested meetings about their use of lead-sheathed phone cables.”…
The rise of ProShares Bitcoin Strategy ETF in the past year despite lacking direct exposure to Bitcoin indicates a huge demand for spot BTC ETF. ProShares, an established issuer of exchange-traded funds (ETF) with over $65 billion in assets under management, has recorded notable growth in its ProShares Bitcoin Strategy ETF (NYSEARCA: BITO) since its…
Notcoin’s viral growth is heavily reliant on its referral system. Players sharing referral links with friends not only boost their earnings but also become ambassadors for this P2E Game on Telegram. Notcoin, a Play-to-Earn (P2E) game built on the TON blockchain, has achieved unprecedented success by amassing over 4.1 million users within just one week…
In addition to the increasing developer activity on the Solana network, SOL has shown signs of recovery after a recent period of struggle. The Solana blockchain network has achieved an important milestone with over 2,500 developers actively contributing to its open-source ecosystem on a monthly basis. This growth in developer numbers is a significant achievement…
JariJ/iStock via Getty Images In 2023, the global economy defied widespread expectations of a recession and falling interest rates. Instead, the United States, Japan, and, to a lesser extent, Europe delivered significantly better growth than was expected at the turn of the year, even as the U.S. Federal Reserve (Fed) and the European Central Bank…
The Binance crypto exchange had a monthly trading volume dominance of about 40 percent, representing $432 billion, despite the regulatory hurdles. Amid the ongoing spot Bitcoin exchange-traded funds (ETFs) frenzy in the United States, cryptocurrency exchanges around the world have been among the biggest beneficiaries of heightened demand for digital assets. According to detailed market…
In 2023, the Bitcoin hashrate has surged by a staggering 130% which shows growing competition and reduced profitability for miners. The computing power of the Bitcoin network, also known as the mining hashrate, hit a record high on Christmas Day, adding to the challenges faced by miners in the wake of declining profitability. Blockchain.com reported…
In addition to TIA, INJ, and NEON, other tokens have also demonstrated noteworthy performance. The crypto market is once again abuzz with excitement as three major tokens, Celestia (TIA), Injective (INJ), and Neon EVM (NEON), have reached new all-time highs, showcasing the dynamic nature of the crypto space. Celestia (TIA): Surging to the Stars Celestia…
thad By Brian Luke “Silver and gold, silver and gold,Everyone wishes for silver and gold.” – Burl Ives My all-time favorite stop-motion animation show was the 1964 TV special Rudolph the Red-Nosed Reindeer, narrated by Burl Ives. Playing the role of Sam the Snowman, Ives sang “Silver and Gold,” paying tribute to the work of…
The Deribit exchange has recorded a new yearly high for Bitcoin perpetual futures open interest, a record not seen since BTC’s ATH. The amount of open interest in Bitcoin perpetual futures on the Deribit derivatives exchange has hit a new high of $740 million. This impressive level was last seen in November 2021 when Bitcoin…
Bitcoin has experienced a 150% surge in value throughout the year, reaching over $42,000 early Monday morning. This explosive growth comes amidst mounting anticipation surrounding the potential launch of a Bitcoin spot exchange-traded fund (ETF) in the United States. The main contributing factor to Bitcoin’s recent surge, in addition to the halving event approaching amongst…
For many crypto enthusiasts and market participants, all indications point to the fact that Bitcoin could hit over $60,000 by April 2024. Just as widely expected, it looks like Bitcoin’s (BTC) year will be ending on a very high note. This follows after its price surged 5% in the last 24 hours to surpass the…
Erik Voorhees, a prominent Bitcoin advocate, highlighted THORChain’s significance by noting that it processed almost 2%, equivalent to $224 million, of the overall spot Bitcoin trading volume between November 11 and 12. In a recent development, THORChain has emerged as a powerhouse in the Decentralized Finance (DeFi) ecosystem, claiming the title of the third-largest Decentralized…
MTStock Studio/E+ via Getty Images Listen below or on the go on Apple Podcasts and Spotify Credit card debt hits new record, delinquencies rise most among millennials. (00:23) CarGurus (CARG) to fully acquire online car dealership CarOffer for $75M. (01:27) Virgin Galactic (SPCE) cuts jobs to support Delta spaceship production. (02:04) This is an abridged…
Cardano is recording increased price and network activity and has sparked bullish predictions about the coin’s future. The price of Cardano (ADA) hit a new four-month high on Sunday, climbing to $0.348808. The surge is reportedly due to heavy activity from whale investors and decentralized finance (DeFi) in general. According to CoinMarketCap data, Cardano is…
Despite the varied economic performance across the 20-country common currency bloc, the challenges stemming from high inflation persist. The Eurozone is grappling with a significant economic downturn, as recent data indicate a sharp drop in inflation and a contraction in the region’s economy. According to a preliminary report published Tuesday by Eurostat, the European Union…
The ripple effect of the Chinese market plunge has extended to other major Asian markets, with Japan’s Nikkei 225 and South Korea’s Kospi also experiencing declines. China’s stock market has hit a significant low not seen since the pre-pandemic era, rattling investors as the country grapples with various economic challenges and regulatory scrutiny. The country’s…
tioloco/E+ via Getty Images At a Glance Building on my previous analysis of AVITA Medical (NASDAQ:RCEL), this quarter’s financials offer updated insights. While the company maintains its clinical promise and financial resilience, new variables have entered the equation. The FDA’s recent request for additional data on the Recell Go device notably adds a layer of…
Bitcoin is enjoying price spikes and increased trading volumes as Fidelity and others amend proposals while the market awaits an approval. The price of Bitcoin (BTC) hit $28,817 today in response to amendments to spot Bitcoin ETF applications submitted to the United States Securities and Exchange Commission (SEC). However, as of this writing, Bitcoin has…
While early-stage crypto companies may still find willing investors, late-stage tech investors have largely exited the space. The crypto industry, which once thrived on investor exuberance and rapid growth, has recently hit a rough patch as venture funding for crypto startups in the third quarter of this year plunged to its lowest level since 2020….
Mimadeo/iStock via Getty Images The ABNB Investment Thesis Remains Robust, But Not At These Lofty Valuations We previously covered Airbnb (NASDAQ:ABNB) in May 2023, discussing its decelerating booking trend compared to its travel peers, naturally triggering its underwhelming financial and stock performance then. While there had been multiple long-term growth drivers, including the Airbnb-Friendly Apartment…
Ralf Hahn In late July ’23, the S&P 500 earnings yield was scraping 5% as noted within this earnings update from July 28th ’23. Today, the last trading day of September ’23 and the 3rd quarter, and given the tough August and September, the S&P 500 earnings yield has jumped to 5.43%, a level not…
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…
JHVEPhoto It’s hard to argue against the terrific performance of Eli Lilly (NYSE:LLY)-$586.46 as of late. The stock is currently hitting a new all-time high along with its earnings. With earnings hitting new highs, it should come as no surprise that the stock is hitting new highs. After all, the two go hand in hand….
Some memecoin traders were lucky to make huge returns from a small investment while others were rug pulled with a promise of future return. The memecoin industry has been used by most crypto traders to fetch higher gains in a bid to accumulate Bitcoins, which is not only expensive to mine but also acquire. Moreover,…