Galeanu Mihai The U.S. Dollar Index (DXY) and U.S. Treasury yields fell for the second consecutive week following the release of softer-than-expected Consumer Price Index (CPI) data. The US dollar index (DXY) slipped 0.75% after softer inflation numbers increased the odds of a September interest rate cut by the Fed.Continue Reading
Average short interest across S&P 500 financial stocks was flat at 1.48% of shares float as of June end, as compared to the prior month. The largest contributor to the index, Berkshire Hathaway (BRK.B) had a short interest of 0.77% of the total float, while the next biggest contributor, J.P.Continue Reading
syahrir maulana/iStock via Getty Images The S&P 1500 (NYSEARCA:SPTM) is “worth a look” to get incremental exposure to U.S. small caps while keeping a bias to large caps, according to a DataTrek Morning Briefing report. The Russell 2000 (NYSEARCA:IWM) had a two-day return of 4.7% due to markets now believingContinue Reading
Traders and investors have watched Wall Street’s major market averages make advancements on Monday, as markets reopened after Former President Donald Trump was the target of an assassination attempt Saturday at a Pennsylvania rally. The blue-chip Dow (DJI) has gained 0.6%, the benchmark S&P 500 (SP500) has advanced 0.7%, andContinue Reading
hapabapa/iStock Editorial via Getty Images Sequoia Capital is reportedly offering to buy Stripe’s shares from the payment company’s investors. The proposed price would be $27.51 per share, which represents a $70 billion valuation, Axios stated in a report. The selling LPs would not pay carried interest and Sequoia partners willContinue Reading
Angel Di Bilio/iStock Editorial via Getty Images Tanker owner Torm (NASDAQ:TRMD) +1.5% in early trading Monday after saying it agreed to buy eight second-hand MR vessels from an unnamed seller in a cash and stock deal valued at $340M. Under the deal terms, Torm (TRMD) will pay $238M in cashContinue Reading
UnitedHealth (NYSE:UNH) is scheduled to announce Q2 earnings results on Tuesday, July 16th, before market open. Analysts expect profit of $6.65 per share (+8.3% Y/Y) on revenue of $98.81B (+6.4% Y/Y). Over the last 2 years, UNH has beaten EPS estimates 88% of the time and has beaten revenue estimatesContinue Reading
U.Today – Rumors are circulating online regarding a potential reversal in China’s stance on (BTC). If this is true, it could have a big impact on the global cryptocurrency market. Mike Novogratz, a well-known investor in the crypto space, acknowledged the recent speculation and flagged its potential impact on theContinue Reading
hapabapa The theme of generative artificial intelligence has been dominated by a few companies, especially Nvidia (NVDA), but it looks to be broadening out, research firm TD Cowen said. “NVIDIA continues to dominate trading, narrative, and fundamentals, though GenAI spending is beginning to expand to others such as AMD, BroadcomContinue Reading
San Francisco, USA/California, July 15th, 2024, Chainwire The doors are now open for Web3 and Web2 developers to build on Constellation Network’s long-awaited Hypergraph distributed ledger technology – in development for the past several years under various contracts with the US Department of Defense. Constellation’s Global Metagraph Hackathon is aContinue Reading
