Nvidia Carries The World (& The S&P 500) On Its Shoulders
Nvidia Carries The World (& The S&P 500) On Its Shoulders Following a strong start to the year and a brief setback in April, the stock market returned to form in May, with the S&P 500 returning almost 5 percent last month. Overall, the index returned 11.3 percent in the first five months of 2024, […]
Who Governs Ethereum? Galaxy Report Reveals All
Who Governs Ethereum? Galaxy Report Reveals All Authored by Josh O’Sullivan via CoinTelegraph.com, Galaxy Digital has released a report showing that Ethereum’s decentralized governance is steered by off-chain voting rather than on-chain Ether (ETH) holder voting. Christine Kim, vice president of Galaxy Digital’s research team, released the report on June 3. It reveals multiple stakeholders who hold […]
China Sees Rise in Fake Gold Scams Amid Bullion Investment Boom
China is experiencing a surge in fake gold scams, defrauding consumers as gold prices rise and many citizens turn to bullion for financial security amid economic uncertainty. These scams involve selling inferior gold marketed as “999 gold” online. The increased demand for gold, driven by both consumer purchases and the central bank’s acquisitions, has expanded […]
Psychedelic Stocks Hit With Bad Trip After FDA Advisers Reject MDMA Treatment For PTSD
Psychedelic Stocks Hit With Bad Trip After FDA Advisers Reject MDMA Treatment For PTSD Psychedelic stocks were battered in premarket trading after a panel of experts advising the Food and Drug Administration rejected the approval of MDMA for post-traumatic (PTSD) stress disorder. There were two votes – one for MDMA’s efficacy and another for safety, by the FDA’s Psychopharmacologic Drugs Advisory […]
Japan's ¥9.8 Trillion Currency Intervention Defended by Finance Minister
Japan’s Finance Minister Shunichi Suzuki confirmed the government’s currency intervention aimed at countering speculative FX moves, stating it had a certain effect. This intervention, costing ¥9.8 trillion ($62.7 billion), was the first official acknowledgment of the action. The yen strengthened after interventions between April 26 and May 29, suggesting effectiveness, though the exact timing remains […]
Upcoming Jobs and CPI Reports Crucial for Fed's Interest Rate Decision
As Wall Street anticipates the upcoming jobs report and Consumer Price Index (CPI) release, both critical for gauging the economy’s health amid ongoing inflation concerns, the Federal Reserve’s next interest rate decision looms. Peter Borish, Chairman and CEO of Computer Trading Corporation, discusses the history of inflation and risk management strategies in a volatile market. […]
Global Public Debt Reaches $97 Trillion, Developing Nations Struggle
The United Nations reported that global public debt reached a record $97 trillion in 2023, with developing countries holding about one-third of this debt, severely impacting their ability to fund essential services like healthcare, education, and climate action. The debt increased by $5.6 trillion from 2022, driven by high interest payments that surpass growth in […]
Swiss Gold Exports Drop in April Amid Reduced Shipments to China
Swiss gold exports fell in April compared to March, despite increased shipments to India and Turkey, due to a significant decline in deliveries to China and Hong Kong. Switzerland remains the leading hub for gold refining and transit, with China and India as the largest consumers. Swiss exports to India surged, reaching the highest levels […]
Merchant Ship Off Saudi Coast Reports “Significant Explosion” A “Short Distance” From Port Side
Merchant Ship Off Saudi Coast Reports “Significant Explosion” A “Short Distance” From Port Side UK Maritime Trade Operations (UKMTO) reports a commercial vessel experienced a “significant explosion … a short distance from the port side of the vessel.” The incident occurred 50 nautical miles southwest of Al Shuqaiq, Saudi Arabia, in the southern Red Sea. “On inspection, […]
“Liftoff!”: After A Series Of Delays, Crewed Boeing Starliner Finally Launches, Inbound To ISS
“Liftoff!”: After A Series Of Delays, Crewed Boeing Starliner Finally Launches, Inbound To ISS Update (1100ET): The Boeing CST-100 Starliner finally lifted off from NASA’s Kennedy Space Center in Florida and is en route to the International Space Station. Liftoff! Go #AtlasV! Go Centaur! Go #Starliner! Godspeed, Butch Wilmore and @Astro_Suni! pic.twitter.com/kTA8fjcLP7 — Boeing Space (@BoeingSpace) June 5, […]