Day: December 9, 2024

ORCL earnings out – down 6% after hours

ORACLE 2Q ADJ EPS $1.47, EST. $1.48 ORACLE 2Q ADJ. OPER INCOME $6.10B, EST. $6.13B ORACLE 2Q ADJ. REV. $14.06B, EST. $14.12B ORACLE 2Q CLOUD INFRASTRUCTURE REV. (IAAS) $2.4B, EST. $2.42B submitted by /u/XGramatik [link] [comments]

TKL: The number of 401(K) accounts with a balance of at least $1 million jumped to a record 544,000 in Q3 2024.

This is up a whopping 56% from the 349,000 in the previous year as the stock market and contributions have risen. Since Q1 2020, the number of 401(k) millionaires has nearly TRIPLED. Additionally, the average 401(k) account balance rose 23% year-over-year, to $132,300. Meanwhile, over 40% of full-time workers do not have access to retirement saving plans, according to the Economic Innovation Group. The wealth divide is widening. submitted by /u/XGramatik [link] [comments]

Mexican Peso keeps the offered stance unchanged beyond 20.00

Mexican Peso loses some ground amid modest gains in the US Dollar. Banxico Governor adopts cautious stance on aggressive rate cuts despite lower inflation. Upcoming economic releases include Mexican Consumer Confidence and US CPI prior to the FOMC event next week. submitted by /u/Denchock [link] [comments]

EUR/USD Price Analysis: Pair rises to 1.0585 after bouncing from 20-day SMA

EUR/USD gains mildly on Monday, trading at 1.0585 after rebounding from the 20-day SMA. Pair maintains its position above the 20-day SMA, supporting a constructive short-term outlook. RSI points upward but remains below 50, while MACD prints rising green bars, signaling gradual bullish momentum. submitted by /u/Denchock [link] [comments]

El Salvador will scrap the mandatory requirement for businesses to accept bitcoin payments, making it voluntary, according to the Financial Times. The report indicates that the Salvadoran authorities have met the conditions of a loan agreement with the International Monetary Fund (IMF).

Since 2021, bitcoin has been recognized as legal tender in El Salvador alongside the U.S. dollar. Additionally, the government purchases 1 BTC daily, accumulating 5,958 BTC ($590 million) in its official wallet. El Salvador aims to finalize a $1.3 billion loan agreement with the IMF in the coming weeks, in exchange for altering bitcoin usage policies and reducing the fiscal deficit, the FT notes. Sources suggest that this deal could unlock another $1 billion in loans from the World Bank and $1 billion from the Inter-American Development Bank over the next few years. In other words, things are going great in El Salvador, but it’s time to bow to the IMF, which isn’t thrilled about the country’s independence. And crypto? Should be anonymous, Decentralized… It should… It was… submitted by /u/XGramatik [link] [comments]

Gold maintains the upward pressure above $2,660, focus on China

The increasing uncertainty in the Middle East and China’s purchases support Gold’s recovery. The US Dollar hesitates as strong US labour data did not curb hopes of further Fed interest-rate cuts next week. XAU/USD extends gains beyond the critical $2,665 price zone, needs to confirm channel breakout. submitted by /u/Denchock [link] [comments]

Mexican Peso trims gains following softer than expected inflation data

The USD/MXN has picked up as Mexican CPI eased beyond expectations. The Mexican Perso had reached levels near the 20.00 support area the effect of the release of strong US labour figures waned. Technically, USD/MXN’s double top at 20.80 suggests the possibility of a deeper correction. submitted by /u/Denchock [link] [comments]

Nasdaq’s Meteoric Rise Since 2010: Outperforming NYSE

From 2010 to October 2024, Nasdaq’s market capitalization surged by 625%, rising from $3.9 trillion to $28.2 trillion. In contrast, the New York Stock Exchange (NYSE) grew by 122% over the same period, increasing from $13.4 trillion to $29.7 trillion. This highlights the growing dominance of technology-focused sectors within U.S. financial markets. https://preview.redd.it/z6lcgialpt5e1.png?width=2000&format=png&auto=webp&s=048e2b938631fdf03de472d549bd8d3949d99d23 submitted by /u/Pllover12 [link] [comments]