Day: November 14, 2024

🔔 US CPI and How to Trade in It?🔔 CPI stands for Consumer Price Index. This ratio reflects inflation, and inflation touches everyone. If inflation rises, the US Fed will be ready to hike the key rate and leave it higher for longer.

🔔 US CPI and How to Trade in It?🔔 CPI stands for Consumer Price Index. This ratio reflects inflation, and inflation touches everyone. If inflation rises, the US Fed will be ready to hike the key rate and leave it higher for longer. 📈If the rate is high, it will make loans more expensive. Companies start producing less, and people start consuming less. The economy starts stagnating. This is called a recession. 👀To count CPI, the Bureau of Labor Statistics (BLS) checks out stores and conducts telephone interviews with about 26000 retail outlets and other businesses. Prices are collected on 80000 items. Education ⭐️ Before CPI numbers are published, you may see a preliminary forecast in the economic calendar. For example, tomorrow is the release of CPI for December. ✅CPI MoM is expected to be at 0.1%; ✅CPI YoY at 2.6%; ✅Core CPI MoM at 0.3%. 🥇If the fact is higher than these numbers – the US dollar may start rising, and XAUUSD may start falling. Otherwise, the US dollar may fall, and gold prices will increase. submitted by /u/Yuriy_UK [link] [comments]

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The ‘DOGE’ jokes are easy, but Musk’s new side hustle is Tesla’s biggest advantage yet

President-elect Trump recently appointed “the Great Elon Musk” and “American Patriot Vivek Ramaswamy” to co-lead a new department aimed at reducing government waste. Senator Elizabeth Warren criticized the dual appointment, arguing it contradicts the department’s mission of efficiency. Others viewed it as Trump sidelining Musk and Ramaswamy with a token role. However, assuming Musk will treat this as a mere formality overlooks his potential to reshape the role with his usual fervor. Analysts and investors are paying close attention, as Musk has often clashed with regulatory agencies over what he perceives as excessive government interference, citing personal experiences with his companies — especially SpaceX, which has received billions in federal contracts over the past decade. Ironically, Musk now finds himself in a position to limit the very agencies that regulate his businesses. Musk, known for his bold ideas, has already proposed cutting hundreds of federal agencies and reducing the $6 trillion budget by $2 trillion. For him, reducing government size aligns with his business goals, and he justifies it as a public service. Musk has a history of turning potential conflicts of interest into advantages, and this appointment may be no different. Tesla’s stock has risen since Election Day, suggesting that shareholders are largely unfazed by Musk’s new political engagement. He assured investors that his role in the Department of Government Efficiency (DOGE) won’t be an official government position, allowing him to continue leading Tesla. The department is also set to conclude by Independence Day, 2026, giving investors additional reassurance. Despite this, Musk’s involvement with DOGE could strengthen his influence and reinforce his public image. On his platform, X (formerly Twitter), Musk noted that DOGE’s work will be shared publicly, allowing people to voice their opinions on government spending decisions. He also proposed a “leaderboard” for the most “insanely dumb” uses of taxpayer money. Musk’s charisma and flair for showmanship shine through in this role, further reinforcing his brand as an outsider willing to take on big challenges. As Musk put it, the work ahead will be both “extremely tragic and extremely entertaining,” leaving it unclear whom he had in mind as the audience. submitted by /u/Pllover12 [link] [comments]

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Useful Side Effects, or where the desire to see Janet Jackson’s naked breast can lead

In the world of startups, there’s a concept called a “pivot.” This happens when a startup realizes that its original model isn’t working and makes a drastic shift in direction. Most companies don’t choose a new direction at random; rather, they pivot based on something they already have – a side product, a specific feature, or a core competency. History has seen plenty of interesting pivots. YouTube began with two guys, Steve Chen and Chad Hurley, who, along with co-founder Jawed Karim, noticed a distressing problem: nowhere online to watch Janet Jackson’s infamous Super Bowl “wardrobe malfunction” or footage of the 2004 tsunami. https://reddit.com/link/1gr18uv/video/xd14thoy3u0e1/player Naturally, they decided to solve this by… creating a dating platform, not a video-hosting site. They even launched it on Valentine’s Day. But, surprise – no one was looking for love on YouTube. Instead, users started uploading videos of themselves, their pets, hobbies, and travels—not for dating purposes. The founders made a pivot, removing the platform’s specialization, and allowing people to use YouTube as we do today. Other examples of successful pivots include X (formerly Twitter), which was originally intended as a messaging platform; Instagram, which began as a location-based app called Burbn before transforming into the photo-sharing app we know today; and Viagra, intended as a blood pressure drug but… well, it found other strengths. So, what other examples do you know? submitted by /u/FXgram_ [link] [comments]

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