The weaker than expected July nonfarm payrolls report sent shockwaves through the market, causing many to fear the worst and anticipate aggressive rate cuts from the Federal Reserve. With nonfarm payrolls only increasing by 114,000, missing the expected 179,000, and the unexpected rise in unemployment to 4.3%, it seemed like a grim outlook for the
In a groundbreaking move, Morgan Stanley has announced that it will allow its financial advisors to offer bitcoin ETFs to select clients. This decision marks a significant shift in the world of wealth management, as it makes Morgan Stanley the first major Wall Street bank to take such a bold step. With approximately 15,000 financial
The price of gold (XAUUSD) has been steadily climbing, reaching a new peak at 2460 USD per troy ounce on Friday. This surge in gold prices can be attributed to a combination of factors, with one of the main drivers being the growing expectations of a potential interest rate cut by the US Federal Reserve.
Warren Buffett’s Berkshire Hathaway has been making headlines due to its massive cash pile, which is projected to exceed $200 billion. This amount is more than Hungary’s entire annual GDP, highlighting the scale of Berkshire Hathaway’s reserve. It is reported that Buffett has been selling off some of his favorite stocks, including Apple and Bank
The latest report on US job growth in July has brought some concerning news for the economy. The slowdown in job creation, with only 114,000 jobs added, falling short of the expected 175,000, has raised fears of a deteriorating labor market. This, in turn, could pose a significant risk to the overall economy, potentially leading
The price of West Texas Intermediate (WTI) crude Oil has seen a slight increase, hovering around $76.50 per barrel during Asian trading hours. One of the key drivers behind this rise has been the escalation of geopolitical tensions in the Middle East. With Iran’s reaction to the assassination of Hamas leader Ismail Haniyeh in Tehran,
As the week comes to a close, investors are bracing themselves for another turbulent day in the markets. Following the release of a weaker-than-expected ISM report on U.S. manufacturing, concerns about the global economic outlook have resurfaced. This has led to a significant sell-off in risk assets, with traders now doubting the Federal Reserve’s ability
Apple managed to surpass analysts’ estimates in the fiscal third-quarter earnings report. The tech giant reported $1.40 per share, outperforming the expected $1.35 per share. Revenue also exceeded expectations, coming in at $85.78 billion. These positive results led to a slight increase in the stock price during extended trading. On the flip side, Intel faced
DSYNC Destra Network is a project that aims to revolutionize the cloud solutions industry by incorporating AI computing mechanisms and cutting-edge technologies such as IPFS and ENS. In this article, we will delve into the daily Elliott Wave structure of the DSYNC token and speculate on its potential outcomes. In March 2024, DSYNC reached a
When it comes to making financial decisions, it is crucial to conduct thorough due diligence. The information we come across on the internet, including news, analysis, and opinions, should not be taken at face value. It is essential to do your own research, seek advice from experts, and carefully consider all factors before taking any
The advisory board to the German Finance Ministry has raised concerns regarding the three options being considered to address the 17 billion euro budget shortfall. According to a letter obtained by Reuters, the board finds these options problematic and potentially risky. The options include utilizing additional funds from the state bank KfW, converting grants from
As the European Central Bank grapples with an economy that is struggling, ECB policymaker Yannis Stournaras has raised concerns about the impact on inflation. Stournaras, known for his support for lower interest rates, emphasized in an interview that the ongoing weak economic activity in the euro zone is likely to push inflation below the target