Month: August 2024

Prometheum labels UNI, ARB securities in custody expansion.

Prometheum is the only SEC-registered crypto custody provider and already treats ETH as a security. Digital asset trading and custody firm Prometheum has announced that it will add Uniswap and Arbitrum to its custodial platform, where they will join Ether. Prometheum describes the tokens as “digital asset securities.” Custodial services should be available in the third quarter of the year. https://preview.redd.it/km42f7jmv9kd1.png?width=1399&format=png&auto=webp&s=b7f119389807d3751dd47e67c1812a6d74385c12 submitted by /u/Lor1al [link] [comments]

[WHAT IF] You Had The Balls To Hold HP Shares?

It’s September 4, 2001. The market’s a fucking mess, and you decide to go all-in, buying a single HP share for $23. Why? Because HP just announced they’re gobbling up Compaq for $25 billion. Wall Street’s shitting bricks over it, screaming that it’s a dumpster fire waiting to happen. But you? You’ve got the fucking guts to see past the bullshit. Fast forward to September 2002. The market’s in the shitter, and HP’s stock plummets to $11. The dot-com crash is still fucking everything up, and HP’s CEO, Carly Fiorina, is getting grilled for this Compaq disaster. Analysts are yelling at you to sell, cut your losses, and get the hell out. But no, you hang on. You’ve got balls of steel and the foresight to know this storm is temporary. Now, here’s where it gets fucking wild. It’s August 19, 2004. HP drops an earnings report that’s uglier than a pile of dog shit. They missed targets, the Compaq integration is a shitshow, and the stock dives to $18. Most people panic and sell off, but you’re not most people. You’re a fucking shark, and you know that the real money’s made when everyone else is pissing their pants. Jump to 2015—HP splits into two companies: HP Inc. and Hewlett Packard Enterprise (HPE). Your single share now morphs into two. HP Inc. (HPQ): Trading at $34.81 as of August 2024. That’s a comeback worth a goddamn standing ovation. Hewlett Packard Enterprise (HPE): Now at $17.51. Not bad for a company that was supposed to be dead in the water. So where does that leave you now in 2024? Your $23 gamble in 2001 is now worth $52.32. Yeah, you more than doubled your money just doing nothing, all while the weaklings bailed. But let’s get real—if you had thrown down $1,000 instead of just buying that single share, you’d be sitting on over $2,276 today, and that’s not even counting the dividends. Fucking right you’d be rich. The lesson? When the market’s shaking, you don’t run—you fucking double down on what you believe in and ride that wave straight to the top. submitted by /u/caps-unlock [link] [comments]

The S&P 500 index has risen by 9.5% since its August 5 low, adding $4.3 TRILLION to its market capitalization.

That’s $4.3 trillion over 13 trading days, or $330 billion in market capitalization PER DAY since August 5. The S&P 500 is now just 1% away from a new all-time high and has gained 18% year-to-date. https://preview.redd.it/30e22pezw1kd1.png?width=1442&format=png&auto=webp&s=0046bd26c1be2ca127ea374fbb544677b35983cc submitted by /u/XGramatik [link] [comments]

USA TODAY: Donald Trump’s Truth Social parent company stock prices fall to new low after public trading debut

Kinsey CrowleyUSA TODAY0:052:02 Stock prices for the parent company of Donald Trump‘s social media platform Truth Social hit a new low the first day of the Democratic National Convention. Trump Media & Technology Group closed at $22.24 Monday, down 3.56% from the previous close and the lowest close since the company went public in March. The last lowest closing price was $22.84 on April 16, the second day of Trump’s New York criminal trial where a jury found him guilty of 34 counts of falsifying business records. Trump Media, trading under ticker DJT, has seen near-steady falling stock prices since mid-July. The new low comes as the Trump campaign has struggled to find its footing against the Democrats’ new candidate Vice President Kamala Harris. Earlier this month, the company reported more than $16 million in losses and less than $1 million in revenue in the second financial quarter. Trump Media did not immediately respond to USA TODAY’s request for comment. ‘He’s just, like, an old guy’:Gen Z Democrats laugh at Donald Trump-Taylor Swift AI drama submitted by /u/Ankle_be [link] [comments]

SEC rejects filings for Solana ETFs.

According to a well-placed source, the SEC rejected Cboe BZX’s 19b-4 filings for two prospective spot Solana ETFs, leading to their withdrawal from the Cboe website. The rejection followed concerns that Solana should be classified as a security, aligning with the SEC’s stance in various court cases. The 19b-4 filings, necessary for initiating the SEC’s approval process, were not placed in the Federal Register due to the SEC’s rejection. submitted by /u/Lor1al [link] [comments]

Chris Weston, Pepperstone: A cheeky Nvidia infographic I knocked up for next week’s earnings – intel for those trading and keen to manage risk, understanding the implied moves on earnings, and typical movement we’ve seen of the past 8 quarters.

We know they will beat the sell-side consensus expectations, they always do, and Jensen Huang will always hit the markets sweet spot – but can they blow the lights out? A 7% weight on the S&P500 is punchy, but an implied move of 10% means this has to be on the radar. https://preview.redd.it/nvhddvz4lyjd1.png?width=1080&format=png&auto=webp&s=0288e8bcb679e9df0ec684bd6e2cb17108e6110f submitted by /u/XGramatik [link] [comments]

Who Do the Rich Envy?

At a certain point, an extra million dollars adds nothing new to your wealth. Well, it’s not a bad moment to reach, to be honest. At this stage, other motivations come into play, and money stops bringing joy to people. So why are the ultra-rich dissatisfied with their wealth? Could it be that they are simply spoiled? The number of billionaires in the world is steadily increasing—there are now almost three thousand of them, with 700 in China alone, closing in on the United States. The number of millionaires has also grown significantly—during the pandemic year of 2020, their numbers increased by 600,000, bringing the total to nearly 12 million. Starting at a certain level of wealth, the next million doesn’t change a person’s lifestyle. So, what drives people when they reach this point? Why do they need even more money? I’ve found some explanations. Michael Norton, a Harvard professor, studies the relationship between wealth and happiness. Michael developed an interesting model to understand the behavioral patterns of the rich. Norton writes that researchers have identified two questions people ask themselves when considering their life satisfaction. The first question is, “Am I living better than before?” and the second, more pressing question is, “Am I living better than others?” Of course, this doesn’t just concern wealth, but also appearance, height, country of residence, and other issues that everyone constantly worries about. Not just the rich. submitted by /u/FXgram_ [link] [comments]