Day: December 4, 2024

Elon Musk hinted at a possible purchase of Hasbro👇🏼

The owner of the Dungeons & Dragons franchise, in response to a question on social media X. Although there has been no official confirmation, the move could be part of his wider ambitions in the technology and entertainment sectors. Details have not yet been disclosed, but rumors are actively discussed in the media and fan communities your opinion? submitted by /u/Denchock [link] [comments]

Musk will not receive a $101 billion bonus from Tesla – a court in Delaware ruled not to pay such a huge amount.👇🏼

The litigation has been dragging on for 6 years. One of the owners of the company’s shares was outraged that such an impressive bonus was not justified for him and other holders, and he went to court. Tesla plans to appeal. Musk even called the judge who made the decision “a radical leftist activist in judge cosplay.” submitted by /u/Denchock [link] [comments]

Crypto Today: Ethereum price crosses $3.7K as Tron and Avalanche lead DeFi Market rally

The total cryptocurrency market valuation hit $3.54 trillion on Tuesday, a new all-time high. The crypto market is now on course for its sixth consecutive positive daily trading session. Bull seized control in the derivatives markets as bears booked 51% of the $343.14 million liquidations recorded on Tuesday. submitted by /u/Denchock [link] [comments]

TKL: Is market liquidity deteriorating? S&P 500 ETF, SPY, daily trading volume fell to 26.9 million on Tuesday, near the lowest in 14 years.

SPY’s turnover has fallen over the last several months and remains well below last year’s average. At the same time, S&P 500 futures volume has declined to its lowest since August 2021. Such thin trading volumes can exacerbate the market’s swings in the wake of unexpected events. Meanwhile, the Volatility Index, VIX, has averaged just 15 points year-to-date, the lowest average in 5 years. Is market volatility set to spike? submitted by /u/XGramatik [link] [comments]

China’s 10-year government bond yield has dropped below 2% for the first time in history.

TKL: China’s 10-year yield has declined by ~130 basis points over the last 4 years. This comes as the world’s second-largest economy has been going through one of its largest slowdowns in decades. As a result, China’s consumer confidence fell to near its lowest level in 30 years. At the same time, home prices have declined ~80% from their peak. The Chinese economy is struggling. submitted by /u/XGramatik [link] [comments]

U.S. Computer, Electronic, and Electrical Manufacturing Construction Spending Declines Since May 2024

After three years of rapid growth driven by semiconductor manufacturing projects, U.S. construction spending in the computer, electronic, and electrical manufacturing sectors peaked in May 2024. By October 2024, construction spending (seasonally adjusted annual rate) had decreased by 6.4%, signaling the beginning of a steady decline. https://preview.redd.it/nq16axsu7u4e1.png?width=2000&format=png&auto=webp&s=40e7bd2022895b4bd9a6e5d972687a48bed74df1 submitted by /u/Pllover12 [link] [comments]

Crude Oil flat with US stockpile and OPEC+ decision hanging in the balance

Bloomberg: Oil price turns flat on the day with nervousness picking up towards OPEC+ outcome. The Middle-East region could get dragged into a war once President-elect Trump takes office in January. The US Dollar Index flat to sideways ahead of Friday’s US Jobs Report. submitted by /u/Denchock [link] [comments]

US Dollar edges up as traders shift focus to no-confidence vote in France

The US Dollar ticks up ahead of the release of ADP private employment and ISM Services PMI data. French lawmakers will hold a vote of no confidence which, if successful, will topple the government. Fed Chairman Powell will speak during the American session, likely adding volatility to the US Dollar Dollar Index. submitted by /u/Denchock [link] [comments]

Bitcoin Price Forecast: BTC rebounds as South Korea martial law proves short-lived

Bitcoin price today: $96,600 Bitcoin price recovers slightly, trading above $96,000 on Wednesday after its recent dip following news of South Korea’s martial law on Tuesday. On-chain data shows that institutional investors bought during the recent price dips. Traders should be cautious about recent US government BTC transfers as these could provide a potential sell signal. submitted by /u/Denchock [link] [comments]