Key Points: Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge developed by crypto start-up Harmony. Bridges allow users to transfer tokens from one blockchain to another. They’ve become a prime … Read more
Key Points: CNBC’s Jim Cramer on Thursday said that a possible upcoming slew of price estimate cuts from analysts could create a sell-off and an opportunity for investors to do some buying. “Over the next … Read more
Stock futures gained Friday as Wall Street looked to grind out a rare positive week in what has been a rough first half of the year. Futures tied to the Dow Jones Industrial Average rose … Read more
It’s been an interesting week so far in the world of gold prices and central banks making use of their gold reserves. For those asking if they should buy gold, two events this week provide further arguments … Read more
ASIA: Chinese President Xi Jinping made a rare statement Wednesday about his country’s aims to achieve its economic goals for the year. Investment analysts have cut their forecasts for China’s GDP growth to well below … Read more
The /ES is +27 as I type and everything is going as planned. The 200-week MA was a perfect entry, I/we have already locked in 140 spx points for 1/3 of our position and our … Read more
The bulls were able to kick save a 50-point gap down open yesterday and only close -5 for the day. They are trying to follow through from the 90+ gain Monday and yesterday’s kick save … Read more
Stocks rose on Thursday, as the market tried to recover some of the steep losses suffered in 2022, even as Wall Street continued to weigh recession risks. The Dow Jones Industrial Average was up 125 … Read more
Key Points: Tesla’s factories in Texas and Berlin are losing “billions of dollars right now” as supply chain disruptions hamper the electric vehicle giant’s ability to ramp up production, CEO Elon Musk said. “Both Berlin … Read more
This morning’s PMIs – full of recessionary indications, forward-looking pessimism, and deflationary signals – appear to have been the straw that broke the camel’s back of hawkish expectations. Rate-hike expectations have tumbled notably and subsequent … Read more