Category: Reddit Post

Tether does not plan to develop its own blockchain.

The CEO of the company Paolo Ardoino told Bloomberg. According to him, there are many other good solutions on the market that are suitable for USDT stablecoin. https://preview.redd.it/6t6v0ns3chkd1.png?width=692&format=png&auto=webp&s=bdb6ede889491cd1d5efb4e9e1b47d29d05d2ddb submitted by /u/Lor1al [link] [comments]

The median asking rent in the U.S. reached $1,481 per month in the second quarter of 2024, marking a historic high.

According to the U.S. Census Bureau, median asking rent has surged by a staggering 56% since 2019. As a result, median asking rent now accounts for about 29% of the average monthly disposable personal income. In comparison, this share was significantly lower in 2019—around 24%. In other words, rent has been rising much faster than household income after taxes. Even renting a home is becoming a luxury. https://preview.redd.it/r202jt43udkd1.png?width=862&format=png&auto=webp&s=2bb649998bfae5b4bf5baef841fbd90766dcceed submitted by /u/XGramatik [link] [comments]

The Conference Board Leading Economic Index (LEI) decreased by 0.6% month-over-month, surpassing the expected decline of 0.4%.

The index has dropped 28 out of the last 29 months, marking the longest streak of declines since the 2008 financial crisis. The decline from the peak now stands at 15.3%, nearing levels seen during the recessions of the 1970s and 1980s. In the past, every time the index showed such a drop, the U.S. economy entered a recession. Is a recession looming in the U.S. economy? https://preview.redd.it/x1li3g7ltdkd1.png?width=862&format=png&auto=webp&s=4073025442695ab727ddfc3f687879a8ec1377f9 submitted by /u/XGramatik [link] [comments]

Prometheum labels UNI, ARB securities in custody expansion.

Prometheum is the only SEC-registered crypto custody provider and already treats ETH as a security. Digital asset trading and custody firm Prometheum has announced that it will add Uniswap and Arbitrum to its custodial platform, where they will join Ether. Prometheum describes the tokens as “digital asset securities.” Custodial services should be available in the third quarter of the year. https://preview.redd.it/km42f7jmv9kd1.png?width=1399&format=png&auto=webp&s=b7f119389807d3751dd47e67c1812a6d74385c12 submitted by /u/Lor1al [link] [comments]

[WHAT IF] You Had The Balls To Hold HP Shares?

It’s September 4, 2001. The market’s a fucking mess, and you decide to go all-in, buying a single HP share for $23. Why? Because HP just announced they’re gobbling up Compaq for $25 billion. Wall Street’s shitting bricks over it, screaming that it’s a dumpster fire waiting to happen. But you? You’ve got the fucking guts to see past the bullshit. Fast forward to September 2002. The market’s in the shitter, and HP’s stock plummets to $11. The dot-com crash is still fucking everything up, and HP’s CEO, Carly Fiorina, is getting grilled for this Compaq disaster. Analysts are yelling at you to sell, cut your losses, and get the hell out. But no, you hang on. You’ve got balls of steel and the foresight to know this storm is temporary. Now, here’s where it gets fucking wild. It’s August 19, 2004. HP drops an earnings report that’s uglier than a pile of dog shit. They missed targets, the Compaq integration is a shitshow, and the stock dives to $18. Most people panic and sell off, but you’re not most people. You’re a fucking shark, and you know that the real money’s made when everyone else is pissing their pants. Jump to 2015—HP splits into two companies: HP Inc. and Hewlett Packard Enterprise (HPE). Your single share now morphs into two. HP Inc. (HPQ): Trading at $34.81 as of August 2024. That’s a comeback worth a goddamn standing ovation. Hewlett Packard Enterprise (HPE): Now at $17.51. Not bad for a company that was supposed to be dead in the water. So where does that leave you now in 2024? Your $23 gamble in 2001 is now worth $52.32. Yeah, you more than doubled your money just doing nothing, all while the weaklings bailed. But let’s get real—if you had thrown down $1,000 instead of just buying that single share, you’d be sitting on over $2,276 today, and that’s not even counting the dividends. Fucking right you’d be rich. The lesson? When the market’s shaking, you don’t run—you fucking double down on what you believe in and ride that wave straight to the top. submitted by /u/caps-unlock [link] [comments]

The S&P 500 index has risen by 9.5% since its August 5 low, adding $4.3 TRILLION to its market capitalization.

That’s $4.3 trillion over 13 trading days, or $330 billion in market capitalization PER DAY since August 5. The S&P 500 is now just 1% away from a new all-time high and has gained 18% year-to-date. https://preview.redd.it/30e22pezw1kd1.png?width=1442&format=png&auto=webp&s=0046bd26c1be2ca127ea374fbb544677b35983cc submitted by /u/XGramatik [link] [comments]