Top 10 Most Recent Blog Posts

Mixed Performance in Asia After Inflation Data Release - Article Image

Mixed Performance in Asia After Inflation Data Release

Category: Markets Total Views: 153
By : Dylan Bailey Updated: 07-02-2024
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 Chewy Stake Shocks Market and Executives - Article Image

Keith Gill's Chewy Stake Shocks Market and Executives

Category: Stocks Total Views: 163
By : Owen Jenkins Updated: 07-02-2024
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
Mobius Predicts Stability in Emerging Markets with Trump - Article Image

Mobius Predicts Stability in Emerging Markets with Trump

Category: Economy Total Views: 136
By : Hannah Lewis Updated: 07-02-2024
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 and SC Ruling Boost U.S. Treasury Yields - Article Image

Biden's Debate and SC Ruling Boost U.S. Treasury Yields

Category: Economy Total Views: 158
By : Thomas Cooper Updated: 07-02-2024
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
Executive Pay Decision May Affect Salesforce Stock Strategy - Article Image

Executive Pay Decision May Affect Salesforce Stock Strategy

Category: Stocks Total Views: 171
By : Kelly Martin Updated: 07-02-2024
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 Severe US Recession by Early 2025 - Article Image

Analyst Predicts Severe US Recession by Early 2025

Category: Economy Total Views: 132
By : Ryan Hughes Updated: 07-02-2024
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 Sets New Record for Electric Car Deliveries in June - Article Image

Zeekr Sets New Record for Electric Car Deliveries in June

Category: Business Total Views: 154
By : Evelyn Baker Updated: 07-01-2024
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
IRS Enhances Crypto Tax Compliance with New Rules - Article Image

IRS Enhances Crypto Tax Compliance with New Rules

Category: Crypto Total Views: 201
By : Thomas Cooper Updated: 07-01-2024
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
AI Enthusiasm Boosts First-Half Market Performance - Article Image

AI Enthusiasm Boosts First-Half Market Performance

Category: Markets Total Views: 183
By : Hannah Lewis Updated: 07-01-2024
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
Maersk Faces Fleet Challenges Amid Red Sea Disruptions - Article Image

Maersk Faces Fleet Challenges Amid Red Sea Disruptions

Category: Business Total Views: 211
By : Lucas Young Updated: 07-01-2024
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