shulz The data in the article below is sourced from Lipper’s Global Fund Flows application. GFF can be found on LSEG Workspace (“FundFlows”). During LSEG Lipper’s fund-flows week that ended April 24, 2024, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the first week in three, adding a…
PM Images By SchiffGold Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are, regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect. One key metric shown below is the…
Anne Czichos Timing is everything in markets. When we last covered International Business Machines Corporation (NYSE:IBM) we looked at the results and the valuation and felt that this was almost there at the right level for investors to exit and not look back. Specifically, we said: The only time when it was more expensive was…
Morsa Images/DigitalVision via Getty Images Nektar Therapeutics (NASDAQ:NKTR) has an interesting drug in its pipeline, rezpegaldesleukin (rezpeg), that has the potential to treat inflammation in a new way. The company is underway on a large study in atopic dermatitis, and recently announced it had initiated enrollment in another study in alopecia areata. This article takes…
PhonlamaiPhoto ACM Research (NASDAQ:ACMR) experienced a strong FY23 as the firm realized significant sales growth across all segments for their cleaning, plating, and furnace technologies. Management is currently expanding operations internationally and anticipates the completion of their Lingang facility in Mainland China in mid-2024, further bolstering their footprint across the semiconductor manufacturing process. Through international…
meshaphoto Written by Nick Ackerman, co-produced by Stanford Chemist. The latest financial report is available for the Western Asset Investment Grade Income Fund (NYSE:PAI). Income generation for the fund has increased a touch year-over-year and quarter-over-quarter as the turnover begins to happen in this higher rate environment. Though with an investment-grade focused fund, the weighted…
Goldman believes that the Fed could begin rate cuts from the first quarter of next year as inflation hopefully falls. Financial services giant Goldman Sachs Group Inc (NYSE: GS) has revised its call for Fed interest rate cuts for 2024. According to a report, the banking and investment management company has added a possible rate cut in Q1…
Andrii Yalanskyi By Peter C. Earle In November 2023, the AIER Everyday Price Index (EPI) fell 0.79 percent to 284.9. This is the largest percentage decline in the index in 2023, and the third-largest since the start of 2022. AIER Everyday Price Index vs. US Consumer Price Index (NSA, 1987 = 100) Bloomberg Finance, LP…
The recent price surges seen in both the USTC and LUNC, once again highlight the undying resolve and commitment of the Terra Classic community to bring value to both assets. Algorithmic stablecoin TerraClassicUSD (USTC) has received a massive boost in the last 24 hours, posting over 283% gains within the period. As of publication, CoinMarketCap…
valiantsin suprunovich One small IPO and one SPAC priced this past week as markets slowed around the Thanksgiving holiday. Skincare company Elevai Labs (ELAB) priced at the low end to raise $6 million at a $69 million market cap. Small and highly unprofitable, the company offers “physician-dispensed” skincare products, meaning they are sold exclusively in…
Critics have expressed concerns about the inherent risks of Blast’s model, particularly the practice of staking on the liquid-staking protocol Lido in exchange for Blast points Despite some skepticism from the crypto community, Blast, an Ethereum Layer-2 blockchain set to be live in March, has successfully garnered over $301 million in staked Ethereum (stETH) and…
The potential resolution of the US criminal investigation into Binance marks a critical juncture for the crypto industry. If Binance agrees to the proposed fine, it would represent one of the largest settlements in the history of the crypto market. The crypto market experienced a surge of cautious optimism as reports emerged regarding the possible…
Bitcoin and altcoins climbed over the last 24 hours, with a 6% rise in the king coin, and larger increases in altcoins. Bitcoin recorded a nearly 6% rise from yesterday, currently trading at nearly $37,600 as of this writing. The king coin’s jump is interesting, considering it fell below $35,000 on Tuesday. At some point during…
Musk’s alterations to content policies have resulted in a considerable drop in advertising revenue. Elon Musk‘s social media platform ‘X,’ formerly known as Twitter, has taken a sharp downturn, currently valued at less than half of what he initially invested in purchasing the company a year ago. According to a Bloomberg report on Tuesday, citing…
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. The Lightning Network, a node-based payment protocol designed to solve Bitcoin’s solvability problem, has shattered all…
Being the largest US retailer, Walmark will boost the popularity of Pudgy Penguins by offering a variety of 16 Pudgy Toys, priced from $2.99 to $11.97. The weekly trading volume of the prominent NFT project, Pudgy Penguins, experienced a significant surge after its collaboration with the retail giant Walmart. Between September 24 and October 1,…
Warchi A Quick Take On Procore Technologies Procore Technologies, Inc. (NYSE:PCOR) provides construction management software to companies worldwide. I previously wrote about PCOR in November 2022 with a Hold outlook. With lengthening sales cycles and smaller contract wins, I’m cautious on PCOR’s outlook in the short term. My opinion on Procore Technologies, Inc. is Neutral…
Matrixport still maintains a positive outlook for BTC even as the US SEC has delayed a decision on the seven applications for spot Bitcoin ETF on its desk. According to a recent Matrixport report, the underperformance of listed crypto companies suggests that there could be a huge investment prospect in the Bitcoin (BTC) mining space…
The success highlighted by the feat reinforces the popularity of WaaS. Web3 infrastructure provider Particle Network has said that its rollout of Wallet-as-a-Service (WaaS) V2 is proving to be a huge success. According to a recent press release, the company saw more than 15 million wallet activations in under a year since it launched the…
FrankvandenBergh Overview The US dollar begins the new week on a firm note. It is trading at new highs for the year against the Japanese yen and is bid against nearly all the G10 currencies, though the Swedish krona and Canadian dollar are resisting the greenback’s push. Most emerging market currencies are heavier, with the…
mesh cube A Quick Take On Consensus Cloud Solutions Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) provides an array of information delivery technologies to organizations worldwide. I previously wrote about CCSI with a Hold outlook. Gross margins are under pressure, and SG&A expenses are growing, while large clients have been slow to decide on purchases. I’m not…
SARINYAPINNGAM A Quick Take On EverQuote EverQuote, Inc. (NASDAQ:EVER) provides online consumer insurance shopping and lead generation for insurance carriers and agents. I previously wrote about EVER with a Buy outlook, before management’s surprise announcement it was exiting the health insurance business segment. Given materially declining revenue and management’s assumption of a “lower for longer”…
B4LLS A Quick Take On American Software American Software (NASDAQ:AMSWA) reported its FQ1 2024 financial results on August 24, 2023, missing revenue but beating consensus earnings estimates. The firm sells supply chain software and related consulting services to businesses globally. I previously wrote about American Software with a Hold outlook on expectations for no revenue…
Serkan Toröz/iStock via Getty Images By Doug Young The story of Cango Inc. (NYSE:CANG) looks a bit like a car that’s restarting after a major overhaul these days, roaring ahead one moment only to sputter the next. The company, which has transformed from a car financier to operator of a car trading platform, was in…
Amid the market realities, the marketing department at Nike noted that the low patronage of Foot Locker could be weighing on the sneaker giant’s shares. Clothing and footwear giant Nike Inc (NYSE: NKE) has recorded another dip in its stock value, courtesy of the poor performances of its wholesale partners, Foot Locker (NYSE: FL) and…
While the easing of headline inflation is welcome news for consumers, experts are paying closer attention to the underlying trends. The United Kingdom’s inflation rate took a step back in July, registering an annual increase of 6.8%, a considerable decline from the 7.9% recorded in June. The new UK inflation rate is the lowest level…
Since launching nearly a week ago, Worldcoin has been subject to increased scrutiny and criticism. Since launching out of beta mode, Worldcoin has recorded a massive surge in its weekly global World ID verifications. According to a recent blog post, the protocol saw an increase of over 100% in such verifications that took place within…
The CoinShares CEO said there was a significant involvement of TradFi institutions in the crypto industry. Digital asset manager CoinShares recorded a spike in its Q2 2023 revenue, contributing to its strongest quarter since the beginning of 2022. According to the CoinShares Q2 2023 report, the total quarterly revenue increased 33% from £14.9 million in…
The move is expected to boost the usage of non-fungible tokens (NFTs) within the gaming industry. Animoca Brands, a gaming and metaverse heavyweight has bet big on the crypto super app hi by investing $30 million into the project. According to the firm, the move is expected to boost the usage of non-fungible tokens (NFTs)…
The latest report marks Deutsche Bank’s 12th straight quarterly profit since it implemented a restructuring plan back in 2019. Deutsche Bank has just released its quarterly report and it appears that the bank has outperformed analysts’ projections. This follows after Reuters previously held a poll asking analysts to project Deutsche Bank’s net profit for the…