Category: Reddit Post

Lumber prices have fallen to their lowest point since the 2020 pandemic, dropping 80% over the past two years.

https://preview.redd.it/1lbfu01r9uid1.png?width=1391&format=png&auto=webp&s=4cca6b96a30f2123f37098f27f25cebfca8c89f9 Lumber is often seen as a leading indicator for the US housing market, global economic trends, and inflation. This steep decline hints at a significant slowdown in the US residential construction and home-improvement sectors. This is evident in the data, as new home construction plunged in June to its lowest level in four years. Moreover, single-family housing starts fell for the fourth month in a row in June, hitting a one-year low. The housing boom is losing steam. submitted by /u/XGramatik [link] [comments]

US job numbers have been revised down by 778,000 since February 2022, according to BlackRock. What’s really going on here?

https://preview.redd.it/jio89j9jutid1.png?width=684&format=png&auto=webp&s=4943351c95d8f6152f3cedc759455455cda3e0b0 US job numbers have been revised down by 778,000 since February 2022, according to BlackRock. In just this year alone, non-farm payrolls were revised down by 279,000 between January and June. Moreover, the US economy LOST 192,000 jobs in Q3 2023 but gained 344,000 in Q4 2023, according to the BED survey from the BLS. However, the nonfarm payrolls data paints a different picture, showing the US labor market added 663,000 jobs in Q3 and 577,000 in Q4 2023. This is a staggering difference of 1,088,000 jobs between the two sets of numbers in just two quarters. The labor market isn’t as strong as the headlines suggest. submitted by /u/XGramatik [link] [comments]

This is astonishing: Warren Buffett’s Berkshire Hathaway’s cash reserves surged to 25.0% of total assets in Q2 2024, the highest level seen in at least 24 years.

https://preview.redd.it/w33sb81wesid1.jpg?width=1280&format=pjpg&auto=webp&s=1f488ee029003cf8428f05c8d7950273e12757dc In just two years, the company’s cash share has more than DOUBLED. For context, their cash-to-total assets ratio peaked at 24.5% in Q2 2005 and stayed high until 2007. Berkshire Hathaway’s holdings in cash, cash equivalents, and short-term Treasuries soared by $88 billion, hitting a new record of $277 billion in Q2 2024. Is Buffett turning bearish? submitted by /u/FXgram_ [link] [comments]

MetaMask launches blockchain-based debit card in partnership with Mastercard and Baanx

https://preview.redd.it/lhsf4ucetoid1.png?width=1280&format=png&auto=webp&s=a36fe48f7e91d9060f92346b4453fd205f176087 MetaMask, one of the most popular cryptocurrency wallets on the Ethereum network, has announced the launch of its new blockchain-based debit card. The product was developed in collaboration with payment giant Mastercard and cryptocurrency payments specialist Baanx. Key facts: The MetaMask card is now available as part of a limited pilot for a few thousand EU and UK users. A wide release is expected later this year. Users will be able to directly pay for purchases with their crypto-assets such as USDC, USDT and wETH stored on the Linea blockchain, an Ethereum-based Tier 2 solution. An important benefit of the new card is that users retain full control over their funds right up until the point of payment. MetaMask users will now be able to spend their cryptocurrencies as easily as fiat money, without the need for prior conversion. Access to basic financial services will be greatly simplified, especially for users in countries with large unbanked populations. submitted by /u/dll_crypto [link] [comments]

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submitted by /u/XGramatik [link] [comments]

Here’s what Wall Street expects from Nvidia’s upcoming quarterly report

Pepperstone MT5 – Daily Chart Nvidia generated a record $26 billion in revenue during the fiscal 2025 first quarter (ended April 28), which was a 262% increase from the year-ago period. It blew Wall Street’s $24.6 billion projection right out of the water. The result included $22.6 billion in data center revenue alone, which represented 427% growth on the back of surging GPU demand. Nvidia also delivered an incredible result at the bottom line, with $6.12 in earnings per share. It was a 461% increase and it came in comfortably above the Street’s $5.59 prediction. Wall Street also underestimated Nvidia’s guidance. The company told investors it expects to show $28 billion in second-quarter revenue when it reports on Aug. 28, whereas the Street pegged that number at $26.6 billion. Analysts have since played catch-up, and their consensus estimate has been revised higher to $28.5 billion, which signals Nvidia’s own forecast might even be too conservative. We’ll know for sure in two weeks. If Nvidia exceeds Wall Street’s sales estimate, its stock could jump by at least 9% the following day, as it did after its Q1 results. The response could be even more positive given the recent dip in the stock. However, investors should be more focused on the longer term. Source: https://www.fool.com/investing/2024/08/14/prediction-nvidia-stock-going-soar-after-august-28/ Picture: Pepperstone MT5 submitted by /u/FXgram_ [link] [comments]