Rachel Reeves is set to abandon a planned rise in income tax in her upcoming budget after a tumultuous week inside the Labour Party, with the chancellor reportedly reversing course under mounting pressure from both markets and party infighting.A senior source told the Guardian that the proposal, which would have…
Hedge fund manager Michael Burry, whose prescient bet against the US housing market ahead of the 2008 financial crisis cemented his reputation as one of Wall Street’s sharpest contrarians, has deregistered his firm Scion Asset Management. The move comes just days after regulatory filings revealed his bearish positions against artificial…
Nvidia stock price has pulled back from its all-time high, costing investors over $300 billion as the market capitalization has dropped from over $5 trillion to the current $4.7 trillion. So, is the stock a good buy ahead of its earnings report?Nvidia stock price technical analysis The daily timeframe chart shows…
Circle stock price has been in a strong freefall in the past few months, a situation that accelerated after it published its second quarterly results as a publicly traded company. It plunged to a low of $86, down sharply from its all-time high of $300. This plunge has brought its…
The Nikkei 225 Index wavered this week as some of its biggest constituents published their earnings and as the Japanese yen continued its recent freefall. It was trading at ¥50,435, a few points lower than the year-to-date high of ¥52,640. It has jumped by 63% from its lowest level this…
The XRP price remained under pressure on Friday, mirroring the performance of Bitcoin and other assets. Ripple dropped for four consecutive days, reaching its lowest level since November 10. It dropped even as the spot XRP ETF launched in the United States.Canary XRP ETF had a strong debutThe XRP price…
Bitcoin price continued its strong sell-off today, Nov. 14, its lowest level since May 8. BTC token moved to a low of $97,200, down sharply from the all-time high. This article explores the top reasons why the BTC price is crashing.Bitcoin price crashing as ETF outflows riseOne reason why Bitcoin…
The crypto market crash intensified on Friday, Nov. 14, with Bitcoin and most altcoins leading the way. Altcoins like Story (IP), Aerodrome Finance (AERO), Jupiter (JUP), and Pudgy Penguins (PENGU) are the top laggards. So, will crypto go back up following this crash?Why the crypto crash is happeningThe crypto market…
The Dow Jones Index has pulled back in the past few days, moving from the year-to-date high of $48,416 to the current $47,457. It has remained about 30% above its lowest level this year. So, is it safe to buy the DIA ETF dip?Why the Dow Jones Index has retreatedThe…
According to FactSet, over 90% of S&P 500 constituents have released their third quarter results. Of these, 82% have beaten consensus forecasts on earnings per share, while 77% have exceeded revenue expectations. That’s not too shabby. But as analysts typically lowball their predictions as the earnings season in question approaches,…