November 13, 20240 Comments

US CPI Comes In At 2.6%, Bitcoin & Altcoins To Retreat?

The latest data showed that the US CPI inflation comes in at 2.6%, a surge from 2.4% noted in September, sparking discussions in the crypto market. Notably, the market participants were also anticipating the inflation figures to come in hotter, which has so far kept the investors on the sideline today. This robust figure has also sparked concerns over the Fed’s potential move with their monetary policy plans ahead. Besides,

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November 13, 20240 Comments

VanEck Lists SUI ETN on Euronext Amsterdam and Paris

VanEck has initiated its new SUI ETN,  which is listed on the Euronext Amsterdam and Paris exchanges. This product offers investors access to SUI’s blockchain without holding its tokens. Sui has achieved a significant milestone, reaching $28 billion in decentralized exchange (DEX) trading volume by November 13, 2024. If Sui’s bullish price trend persists, the layer-one blockchain could witness a strong rally, potentially driving its price to $5. At the time

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November 13, 20240 Comments

Is LUNC Price Ready for Another Major Takeoff Amid Token Burns?

Terra Classic (LUNC) price has surged sharply over the past week, fueled by a broader crypto market rally. This bullish November trend is capturing the attention of investors, and analysts anticipate further upward momentum. Increased LUNC token burns reduce supply and add to the positive sentiment. This supply reduction aligns with rising demand, sparking renewed optimism in the coming days despite the market experiencing slight corrections. Is LUNC Price Gearing

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November 13, 20240 Comments

Will Shiba Inu Price Repeat Its 2021 Rally to Reach $0.0001?

The recent strong Shiba Inu price rally took a breather, falling for two consecutive days, as traders took profits. At press time, SHIB was trading at $0.0000245, down by 20% from its highest level this week. With the token being in a bear market, one analyst believes that it will stage a strong comeback and jump to $0.0001. Crypto Analyst Sees Shiba Inu Price Reaching ATH Shiba Inu coin has

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November 13, 20240 Comments

Why Is Super Micro Computer Stock Trading Lower On Wednesday?

Why Is Super Micro Computer Stock Trading Lower On Wednesday? Super Micro Computer, Inc. (NASDAQ:SMCI) stock is trading lower Wednesday after it announced that it could not file its fiscal first-quarter 2025 Form 10-Q for the September 30, 2024 quarter due to excessive effort and cost. The company must also submit its 2024 Form 10-K for the fiscal year ending June 30, 2024. Following concerns from its previous independent accounting

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November 13, 20240 Comments

CPI inflation October 2024:

Inflation perked up in October though pretty much in line with Wall Street expectations, the Bureau of Labor Statistics reported Wednesday. The consumer price index, which measures costs across a spectrum of goods and services, increased 0.2% for the month. That took the 12-month inflation rate to 2.6%, up 0.2 percentage point from September. The readings were both in line with the Dow Jones estimates. Excluding food and energy, the

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November 13, 20240 Comments

The Guardian stops posting on Elon Musk’s ‘toxic’ X

British newspaper group the Guardian has announced it will no longer post on X, formerly Twitter, saying it has become a “a toxic media platform”. In a message to readers, it said the US presidential election “underlined” its concerns that its owner, Elon Musk, had been able to use X to “shape political discourse.” Mr Musk strongly backed Donald Trump and has now been given a role cutting government spending

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November 13, 20240 Comments

Stocks making the biggest moves premarket: CAVA, SPOT, RKLB

Check out the companies making headlines before the bell. Cava — The fast-casual restaurant chain surged nearly 19% after third-quarter results exceeded analysts’ expectations. Earnings of 15 cents per share topped the 11-cent consensus estimate from analysts polled by LSEG, while revenue of $244 million revenue was also above the $234 million estimate. EchoStar — EchoStar dipped 1% after reporting earnings that disappointed investors. DirecTV’s proposed acquisition of EchoStar subsidiary

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