It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
Bitcoin's value surged, defying expectations. Uniswap, a cryptocurrency platform, is facing a potential lawsuit from the SEC. Wall Street is embracing Bitcoin ETFs, driving up demand. Analysts predict Bitcoin's price will rise significantly due to the upcoming halving event and ETF demand. The SEC's notice to Uniswap highlights the regulatory scrutiny facing crypto companies, but analysts believe decentralized crypto assets like Bitcoin may be better protected.
A disappointing inflation report indicating rising inflation triggered a drop in the crypto market and stock futures. This uncertainty stems from the Federal Reserve's potential decision to raise interest rates, which could further reduce investor confidence in cryptocurrencies. While the volatility is a concern, long-term investors may see it as a buying opportunity for lower crypto prices.
Expect a busy week on Wall Street!
Inflation data on Wednesday will provide insights into the Fed's potential interest rate decisions. Earnings season kicks off with companies like Delta Air Lines and banks reporting their financial performance. Bank of America predicts strong earnings growth due to cost reductions and a favorable economic environment. The shift from goods spending to services supports earnings for businesses. Overall, the market's trajectory is more tied to earnings strength than potential Fed rate cuts.
The stock market is hitting record highs, with the Dow Jones Industrial Average closing in on 40,000 points. This surge is fueled by positive economic data and corporate profits. While there are still concerns about a potential recession, investors are generally optimistic.
Reddit, the popular social media platform, has also joined the stock market. But experts warn that it's a volatile investment, and investors should proceed with caution.
U.S. stocks soared on Monday, led by tech companies. Google's parent company, Alphabet, jumped nearly 4.5% on rumors of a Google AI partnership with Apple. AI chipmaker Nvidia and electric carmaker Tesla also rose. Investors are now eagerly awaiting the Federal Reserve's meeting on Wednesday for hints about future interest rate cuts. Despite the positive mood, server manufacturer Super Microcomputer saw a significant decline.
