I think it is well deserved! I was impressed to see the traffic and new faces. I've been so busy this week that I havnt posted much. Sentiment is really looking up. Not much negativity on ihub either. I love that NETI doesn't give the bashers much ammunition to work with.
Nasdaq Composite Reaches New Record with Tech Stock Surge
Gains in big tech stocks helped the Nasdaq Composite hit a new record. Leading forces behind the 0.83% increase in the index—ending at 17,879.3—were Microsoft, Apple, and Nvidia. This milestone reflects the great investor confidence in technology companies, which still show great performance and future growth possibilities. A major contributing factor to Nasdaq's continuous rise is the tech industry's resilience.
... Continue Reading
Keith Gill's New Investment in Chewy Unveiled
Known as "Roaring Kitty," Keith Gill revealed an unexpected investment in Chewy—buying a 6.6% ownership in the business. This marks his first known trip outside GameStop, from whence he first became well-known. Particularly among Chewy's executives, who were taken off guard, Gill's action has drawn questions. Now closely observing the ramifications of this development is the pet products company. The company's leade... Continue Reading
Mark Mobius: Trump's Potential Impact on Emerging Markets
Globally minded investor Mark Mobius thinks a Trump win will help developing nations. Under Trump, he says these nations would feel more stable. According to Mobius, Trump's leadership could offer the consistency that developing nations so desperately want. He points out that Trump's business-friendly policies could help spur economic development. Furthermore, Trump's approach to deregulation could inspire capital in th... Continue Reading
Biden's Debate Performance and Supreme Court Ruling Impact the Bond Market
Recent debate performances by President Joe Biden set off a rise in U.S. Treasury yields. This performance casts questions on his re-election chances, affecting market expectations. The bond market suffered even more when the Supreme Court decided Trump had broad immunity from prosecution over his 2020 election loss. Analyzes thought a second Trump presidency would result in more government borrowing and higher tar... Continue Reading
Salesforce Investors Reject Executive Compensation Plan
Investors in Salesforce voted against the top executive pay scale of the company. 339.3 million votes in favor and 404.8 million against resolved the approval of the received compensation. This vote happened on Thursday at the annual conference. The board had pushed for support of the resolution among shareholders. The advisory companies Glass Lewis and Institutional Shareholder Services advised a vote against the measure, notwithstandin... Continue Reading
Analyst Predicts Recession for US Economy by Early 2025
Early 2025 sees a U.S. recession predicted by Peter Berezin of BCA Research. He thinks the economy will drastically deteriorate, even with recent strength. A declining labor market is what determines this recession forecast. A major economic driver, consumer spending, is expected to decline as job growth slows. This cut in spending could cause the economy to slide into recession.
Berezin bases his recession projection on present marke... Continue Reading
Zeekr Achieves Record Deliveries in June
In June, Zeekr, a Chinese electric car company, delivered a record 20,106 vehicles. This resulted in 87,870 vehicles for their first half of 2024 total deliveries. Among Chinese companies listed on American stock that solely offer pure electric cars, Zeekr leads. Their outstanding performance ranks them just slightly ahead of Nio. In U.S. trading overnight, Zeekr shares dropped 3.2% despite the record deliveries. This drop happened even though the busi... Continue Reading
Introduction to the New IRS Guidance on Crypto Tax Reporting
The IRS has published final guidelines for digital asset brokers' tax reporting. These guidelines reflect an attempt to guarantee compliance among high earners. Yearly reporting will become required beginning in 2026. Using Form 1099-DA, digital currency brokers must report gross sales proceeds in 2025. Brokers have to include the cost basis for some sold digital assets by 2027, based on 2026. This direction seeks to stop taxabl... Continue Reading
Nasdaq Composite Hits Record High
Monday brought higher stocks; the Nasdaq Composite closed at a record. Setting a new closing high, the tech-heavy index progressed 0.83% to end at 17,879.30. This signifies the ongoing great momentum observed in the first half of 2024. Gains in key technology stocks drove the rise. Investors still see great possibilities for the tech industry. Developments in artificial intelligence and other futuristic technologies have stoked this hope. The way the Nasdaq p... Continue Reading
Ongoing Red Sea Disruptions Impacting Q3 Shipping
The Red Sea has evolved into a hotspot for disturbances influencing container traffic into the third quarter. Leading Danish shipping company Maersk has been especially affected by these difficulties. The disturbances result from actions of Iran-aligned Houthi militants, which raises security issues. Shipping firms have been obliged by this to change their paths, avoiding the Red Sea. Travel times on the longer alternative path around Cape of ... Continue Reading