Month: November 2024

PayPal has partnered with Xoom to enable cross-border payments using its stablecoin, PayPal USD (PYUSD), expanding access in Asian and African markets.

https://preview.redd.it/k1lsfw7il12e1.png?width=736&format=png&auto=webp&s=18fd3bb03d992ae289f2cd01a50e642afee424a4 This collaboration aims to facilitate faster transactions outside traditional banking hours. PYUSD, launched in 2023, is backed by US dollars and competes with stablecoins like USDC. Despite its growth, PYUSD still lags behind the market leaders, USDt and USDC, which dominate the stablecoin market. submitted by /u/Pllover12 [link] [comments]

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What’s an AppLovin, and why is it suddenly worth $100 billion?

Barron’s: The company has a software platform that helps app developers, mostly game makers, reach new users who will download the apps and become paying customers. At the heart of it is a recommendation engine powered by artificial intelligence called Axon. The company can also help app owners grow in-game advertising revenue. And it has a couple of hundred of its own casual games, which make money and generate valuable user data. “We are cautious on near-term business fundamentals and long-term competitive positioning,” one Wall Street analyst wrote near the beginning of last year, when AppLovin APP +7.78%’s shares were $11. He initiated coverage at “Sell” and predicted a fall to $7. Oopsie. Now they’re $320. How did we miss it? Worth to note that things in this case have happened quickly. More than $100 of the stock’s climb has come this month. Source: https://www.barrons.com/articles/applovin-stock-price-apple-games-6d939851?mod=Searchresults submitted by /u/FXgram_ [link] [comments]

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Technical Analysis: EUR/USD faces selling pressure near 1.0500

EUR/USD holds the key support of 1.0500 but struggles to extend recovery above 1.0600. The outlook of the major currency pair remains bearish as all short- to long-term daily Exponential Moving Averages (EMAs) are declining. The 14-day Relative Strength Index (RSI) oscillates in the bearish range of 20.00-40.00, adding to evidence of more weakness in the near term. Looking down, the pair is expected to find a cushion near the October 2023 low at around 1.0450. On the flip side, the round-level resistance of 1.0600 will be the key barrier for the Euro bulls. submitted by /u/Denchock [link] [comments]

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Bitcoin (BTC) has outperformed Ethereum (ETH) in the past two years

Bloomberg: setting new highs while the top altcoin struggles to catch up with speed. Several experts exclusively revealed to FXStreet that Ethereum needs global recognition, a stronger narrative and increased on-chain activity for the tide to shift in its favor. submitted by /u/Denchock [link] [comments]

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The EUR/JPY pair slightly recovered on Tuesday

Bloomberg: But technical indicators point to a negative outlook. Both the RSI and MACD are deeply negative, indicating further declines are likely as long as the pair remains below the 20-day SMA. Buyers intervened, lifting it above 163.00, but they may not be able to sustain this level as technical indicators suggest the pair is set to resume its downtrend and decline further in the near term. submitted by /u/Denchock [link] [comments]

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For the first time in history, Ukraine just used long-range US missiles to strike INSIDE Russian territory. As a result, markets globally are moving sharply after a clear escalation of war.

As a result, gold prices are surging AGAIN today as gold continues to serve as the global hedge. Now up nearly $100 from their low last week, gold is rising even with a stronger US Dollar. Goldman Sachs just said they see gold rising above $3000 in 2025. Volatility is rising. submitted by /u/XGramatik [link] [comments]

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NVDA – Truist Securities’ analyst William Stein has increased the price target for NVIDIA to $167 from $148, with a Buy rating. Stein anticipates:

NVIDIA will surpass Q3 expectations and provide strong Q4 guidance. The company will address technical issues with the GB200 NVL72 configuration. NVIDIA will affirm a strong outlook for 2025 due to a solid order backlog, and discuss new growth avenues beyond large language models. Raised EPS estimate for CY25 to $4.18 from $3.69, leading to the price target adjustment. submitted by /u/XGramatik [link] [comments]

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Biden’s team is rushing to tackle some big-ticket plans before leaving office.

Here’s what’s just done or in motion: Authorization for Ukraine to strike deeper into Russia with U.S.-supplied missiles. A ceasefire deal between Israel and Hezbollah – there might be news today already. The Office of Management and Budget is requesting roughly $100 billion for more than a dozen federal agencies to help with natural disaster recovery. Getting infrastructure spending out the door – over $3.4 billion in grants announced for projects designed to improve passenger rail service, help U.S. ports, reduce highway deaths and support domestic manufacturing of sustainable transportation materials. Speeding up environmental goals – grants and project approvals. Student loan forgiveness – the Education Department has been hurrying to finalize a new federal rule that would cancel student loans for people who face financial hardship. Racing to deliver billions of dollars of promised chip manufacturing grants to Intel and others to complete a significant portion of a favored program of President Biden. Getting Senate confirmation of as many federal judges as possible before Trump’s inauguration on Jan. 20. Top antitrust officials plan to take more shots at the tech industry: Google, Hewlett Packard Enterprise, Microsoft are under fire. So, that’s what they’re up to. What about you? Planning to finally push yourself to pay off that overdue bill before Christmas?😏 submitted by /u/FXgram_ [link] [comments]

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