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Month: September 2024
GME. My own opinion—this game is over. It’s long past time to move on.
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FYI
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Pepperstone: As the dust settles on the USPresidentialDebate and a hotter-than-expected CPI, tech stocks are feeling the heat, with NVIDIA leading the charge. But is this momentum sustainable? 🤔We dive into the S&P 500, NASDAQ, and key assets like gold, crude, and more in this week’s episode!
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Pepperstone: With the Trump vs. Harris debate in the rearview, markets seem to favour Harris. Despite a shaky start, she held her ground and disrupted Trump’s strategy, showing she’s ready to go toe-to-toe. The market speaks out – Kamala Harris wins.
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From Stimulus to Stagnation: An Unexpected Turn in US Poverty Fight
In 2023, America faced a paradoxical situation: despite rising incomes, the country’s poverty rate increased. According to Census Bureau data, the share of Americans living in poverty rose to 12.9%, up from 12.4% the previous year. This increase is linked to two key factors: inflation and the expiration of aid programs introduced during the COVID-19 pandemic. Although median household income rose to $80,610, reaching pre-pandemic levels, this proved insufficient to offset rising prices for food and other necessities. Children were particularly affected, with the poverty rate for those under 18 rising 1.3 percentage points to 13.7%. Experts note that the end of programs such as expanded tax credits for low-income families and additional nutrition assistance played a significant role in this increase. Social Security remains the most effective anti-poverty program, lifting 27.6 million people above the poverty line. However, this is not enough to compensate for the losses from the termination of other aid programs. submitted by /u/Aftermebuddy [link] [comments]
Pearls of Wisdom or Buds of Deceit? Right-Wing Figures Baselessly Claim Harris Used Audio Earrings For Debate
In the aftermath of the highly anticipated presidential debate between Vice President Kamala Harris and former President Donald Trump, a storm of misinformation has taken center stage. Far-right figures on social media platforms have propagated unfounded claims that Harris used “audio earrings” to gain an unfair advantage during the debate. But did she get that advantage? Or someone ate it? submitted by /u/Aftermebuddy [link] [comments]
NVIDIA SHARES CLIMB 8% FOR BEST ONE-DAY GAIN IN SIX WEEKS
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S&P 500 CLOSES 1.1% HIGHER, NASDAQ 100 UP 2.2%
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On de-dollarization. How to understand it: “It’s not so much about trade settlements as it is about central banks accumulating reserves in gold rather than dollars. The use of the dollar as an anchor currency continues, but its role in reserves is diminishing,” said Nassim Taleb.
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Shares in Donald Trump’s Truth Social media company fell more than 17% in the opening minutes of trading on Wednesday on.ft.com/4d1GjAj
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The S&P 500 has now erased $700 billion of market cap today.
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UK introduces bill to officially and legally recognize cryptocurrency as personal property.
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Tether, TRON DAO and TRM Labs have teamed up to crack down on illegal activity with USDT.
Tether, TRON DAO and TRM Labs have unveiled the T3 Financial Crime Unit initiative. It aims to crack down on illegal activity with USDT on the TRON blockchain. This network accounts for half of the circulating supply of stablecoin. https://preview.redd.it/pzb9qshev7od1.png?width=733&format=png&auto=webp&s=7d7cb01d2015784801f38eb6c46eeb4d078c948b submitted by /u/Lor1al [link] [comments]
Trump Media & Technology Group shares plummet -17% 🇺🇸👨💻
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Although the CPI inflation in August was 2.5%, inflation in many key goods and services is significantly higher, and Americans feel it through rising prices. Do you feel the inflation?
Auto insurance inflation: 16.5% Transportation inflation: 7.9% Hospital services inflation: 5.8% Homeowners’ inflation: 5.4% Rent inflation: 5.0% Auto repair inflation: 4.1% Inflation in food away from home: 4.0% Electricity inflation: 3.9% The US Dollar has lost 25% of its purchasing power since the pandemic. In other words, cash held without interest has lost 1/4 of its value. submitted by /u/FXgram_ [link] [comments]
August CPI inflation falls to 2.5%, in-line with expectations of 2.5%.
*US AUG. CONSUMER PRICES RISE 0.2% M/M; EST. +0.2% *US AUG. CORE CPI RISES 0.3% M/M; EST. +0.2% This marks the lowest annual inflation rate since March 2021. The first rate cut since 2020 is coming next week. submitted by /u/XGramatik [link] [comments]
Reuters: GraniteShares Founder & CEO Will Rhind, even if the game-changing technology people are looking for is yet to appear.
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The Toronto Film Festival is facing international embarrassment resulting from the screening of propaganda film “Russians at War” by Russian director, which portrays Russian occupiers as “ordinary people in extraordinary circumstances.” Canadian public money not to be supporting the film like this
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In arid New Mexico, rural towns eye treated oil wastewater as a solution to drought. Dozen man-made lagoons brimming with toxic wastewater. Air bubbles rise through treated water to remove additional contaminants at the Aris Water Solutions wastewater treatment pilot project in Reeves County, Texas
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WSJ: The Shadow Dollar That’s Fueling the Financial Underworld. Cryptocurrency Tether enables a parallel economy that operates beyond the reach of U.S. law enforcement
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NYC pauses to remember 9/11 victims 23 years after terror attacks that altered the nation. Nearly 3,000 people were killed in the worst terror attack on American soil.when al Qaida hijackers crashed four jetliners into the twin towers, the Pentagon and a field in southwest Pennsylvania.
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ENG: Markets award Harris victory on points in debate. A weaker dollar (and bitcoin) across the board, Asia EMFX outperformance, and softer US equity futures match opinion polls pointing to Harris having done better than Trump in the first presidential debate.
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Report: 65% of investors are saving cryptocurrencies because of their long-term potential.
Gemini has released a report on cryptocurrency adoption. 6,000 people from the US, UK, France, Singapore and Turkey participated in the survey. According to the results, 65% of respondents keep cryptocurrencies because of their long-term investment potential. https://preview.redd.it/2drvg5siv5od1.png?width=667&format=png&auto=webp&s=b72318b2d14fcb14d7fac2233c1866a431645cb4 submitted by /u/Lor1al [link] [comments]
Iran has already confirmed the transfer of ballistic missiles to Russia. The question is: what will Iran receive in return from Russia? What are the possible military and, consequently, economic implications for the Middle East?
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ENG: Well, that summer feel-good factor didn’t last long with our @carstenbrzeski. Here’s his take on the world right now
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WSJ: OPEC slightly cut its forecast for oil-demand growth. It expects demand to grow by 2.03 million barrels a day this year and 1.74 million barrels a day in 2025-still seen at healthy levels —well above the historical average of 1.4 million barrels a day seen before the pandemic
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“The case against Durov is a prime example in the fight against cybercrime. France has a law that allows prosecution for administering an online platform used for illegal activities,” said Paris prosecutor Laure Beccuau.
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The U.S. now produces 50% more oil than Saudi Arabia, largely due to the rapid growth of shale extraction. This shift has made the U.S. the world’s top oil producer, surpassing Saudi Arabia, which had long been one of the largest oil-producing nations.
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BREAKING! Gold measured in Euro just made another all-time high
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