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Month: November 2024
BBG: “Italy to limit crypto tax raise to 28%, not 42% as previously proposed”. – Don’t be under any illusions. Once BTC surpasses the $500K mark, expect an 80% tax. No one’s going to let you get rich that easily.
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Elon Musk of Tesla, $TSLA, has said there’s a 10% to 20% chance that AI will go bad. Do we believe?
submitted by /u/glira31 [link] [comments]
$SNAP
submitted by /u/XGramatik [link] [comments]
28% of credit card users in the US are still paying off LAST YEAR’S holiday shopping.
Average credit card balances are now 6.9% higher than last year and more than 20% higher than 2 years ago. 83% of Americans are expected to purchase gifts during the holiday season this year, spending $925 on average. That’s more than 217 million Americans spending over $201 billion, compared to $184 billion in 2023. Also, 49% of Americans plan to spend money on flights and hotels for the holiday season, spending $2,330 on average. That’s more than 128 million Americans spending nearly $300 billion on these travel costs. Credit card debt is set to skyrocket again. submitted by /u/XGramatik [link] [comments]
Shopify gains +22% after its financial earnings release.
submitted by /u/XGramatik [link] [comments]
Insidious gold touched my stop and went in the right direction🥲
submitted by /u/glira31 [link] [comments]
When you buy crypto at 3 AM thinking it’ll moon, only to realize you just became a proud investor in the ‘I Lost Sleep And Money’ fund.
submitted by /u/Pllover12 [link] [comments]
Bitcoin and crypto surge $780 BILLION in market cap in one week.
submitted by /u/glira31 [link] [comments]
MIZUHO: NVDA RAISES TARGET PRICE TO $165 FROM $140, INCREASES ALIBABA $BABA TARGET PRICE TO $113 FROM $92.
submitted by /u/XGramatik [link] [comments]
From Linen to Bible: How Money Weaves the Fabric of Exchange. Marx’s ‘Capital’ Explained, pt.7
Ever wonder why diamonds are so pricey, but air costs nothing? Or why a smartphone’s value keeps dropping as new models come out? In this post, we break down Karl Marx’s theory of commodities in plain English
Market after US elections
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Buying oil today is a gamble
https://preview.redd.it/kjefpkqo4g0e1.png?width=1024&format=png&auto=webp&s=5986cc3ecc7d45639bc38ce960528e1610c88199 Trump in the White House? Sure, that might mean “deregulate, drill, and pump” vibes for U.S. oil. But more U.S. production could flood the market, driving prices down. Good news for drivers, but maybe not so much for CEOs. It gets tricky: Trump’s also pushing for sanctions on Iran and Venezuela, potentially slashing global supply by 2.5-3M barrels a day (~3% of global oil). Even a small disruption like this has caused price spikes before (think Libyan Civil War, Iran sanctions in 2018). So, how does this balance out? Extra U.S. supply could offset some of those drops, but not all. And don’t forget – China might ignore U.S. sanctions, and Trump’s promise to end the Russia-Ukraine war could free up more Russian oil too. In the end? Lots of questions. Few answers. submitted by /u/FXgram_ [link] [comments]
Pepperstone: With the US election results shaking up the markets, the true winner is clear—crypto (and Tesla)! Bitcoin is on a meteoric rise, and traders are asking one big question: How soon will it hit $100K?
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Clean energy shares underperformed shaply last week.
submitted by /u/Pllover12 [link] [comments]
Thoughts from Ghost: All crypto investors, in any form, will lose their money. This will be the purge – a burning of capital. Not today, but likely within 5 years. I foresee a flash crash when something worth, say, a trillion or 5-10 trillion, drops to zero in a single day.
submitted by /u/XGramatik [link] [comments]
SoFi Technologies (SOFI) shares rose 7.5% on Monday to $13.99, marking five days of gains and a 28% increase—the stock’s best five-day run in over a year, per Dow Jones Market Data. The rally is fueled by strong earnings and hopes for deregulation, also boosting fintech peers like Robinhood.
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📉 DXY: Bilateral risks remain – OCBC The US dollar (USD) posted a late recovery by Friday’s New York close amid disappointment in China’s stimulus.
📉 DXY: Bilateral risks remain – OCBC The US dollar (USD) posted a late recovery by Friday’s New York close amid disappointment in China’s stimulus. The threat of tariffs from Donald Trump continues to be one of the biggest risks troubling markets. However, it is unclear how long it will take for the policy to take effect, as the new president will not be inaugurated until January 20. submitted by /u/Yuriy_UK [link] [comments]
98,000 share $GME ORDER HIT THE DARK POOL IN AFTER HOURS FOR $3,000,000 What is going on here?
submitted by /u/XGramatik [link] [comments]
HANG SENG INDEX EXTENDS LOSSES TO 2%, HANG SENG TECH INDEX DOWN 2.47%
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Fed up with BTC news? Microsoft (MSFT) just announced it’s working with the Vatican to create a digital twin of St. Peter’s Basilica
submitted by /u/XGramatik [link] [comments]
Futures funding rates are the lowest we have ever seen during the breakout of the previous all-time high. It will be crazy.
Ставки финансирования фьючерсов являются самыми низкими, которые мы когда-либо видели во время прорыва предыдущего исторического максимума. Это будет безумие. submitted by /u/glira31 [link] [comments]
VIX update
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The Kobeissi Letter: Wondering what’s happening with Bitcoin?
Bitcoin was the single BIGGEST winner of the 2024 election and it’s not even close. So far, 50 out of the 58 candidates for US Congress backed by pro-crypto PACs have won their races. The craziest part? The remaining 8 races have yet to be called with many of these races having pro-crypto candidates in the lead. Here’s a breakdown of exactly what just happened for crypto policy. submitted by /u/FXgram_ [link] [comments]
FTX has launched a $1.8 billion lawsuit against Binance and its former CEO, Changpeng Zhao (CZ), as part of its bankruptcy proceedings.
submitted by /u/glira31 [link] [comments]
📉 China: deflationary pressure persists – UOB Group China’s consumer price index (CPI) slowed to 0.3% year-on-year in October
📉 China: deflationary pressure persists – UOB Group China’s consumer price index (CPI) slowed to 0.3% year-on-year in October, below Bloomberg’s forecast of 0.4% and comparable to September’s 0.4%. The core consumer price index, which excludes food and energy, showed a slight increase to 0.2% from 0.1% in September. Inflation in the services sector increased to 0.4% in annual terms (September: 0.2%). However, consumer goods inflation, on the contrary, slowed to 0.2% in October, compared to 0.5% in September. The consumer market continues to be a source of concern as the economy faces ongoing deflationary pressures. submitted by /u/Yuriy_UK [link] [comments]
BTC officially hits $86,000. The crypto market is now worth over $3 trillion. Guys, are you buying? Or did you get rekt shorting a while ago? Maybe banked some gains on longs? Or just did absolutely nothing?
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Oil extended its biggest fall in nearly two weeks as weak demand in key importer China and a stronger dollar worsened crude’s outlook.
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Sh*t!: Boeing $BA just said its top quality executive is leaving after less than a year in the role – WSJ
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Sometimes in the pursuit of success, we risk our mental health. 😂
submitted by /u/Pllover12 [link] [comments]