November 11, 20240 Comments

GM’s Wall Street vindication is here as it outperforms peers in 2024

Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024.  Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors is proving it’s a standout among automakers this year as it continues to consistently outperform Wall Street’s earnings expectations and its competitors. Shares of the Detroit automaker have risen 54.7% ahead

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November 11, 20240 Comments

Homebuyers await mortgage relief after Federal Reserve’s back-to-back rate cuts

Homebuyers await mortgage relief after Federal Reserve’s back-to-back rate cuts – CBS News Watch CBS News The Federal Reserve has made two consecutive interest rate cuts but potential homebuyers are wondering when mortgage rates will drop. CBS News MoneyWatch correspondent Kelly O’Grady breaks down what this means. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

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November 11, 20240 Comments

Why Bitcoin (BTC) Price Gains May Be Choked Between $90K and $100K?

Those making the bitcoin options market on crypto exchange Deribit currently appear to have a significant positive “gamma” exposure at the $90,000 and $100,000 strike options. In simple terms, it means traders/investors have sold options at these levels, leaving market makers, who are always on the opposite side, with a large chunk of long positions. Source link

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November 11, 20240 Comments

Copper views Trump win through Chinese lens: Andy Home By Reuters

By Andy Home LONDON (Reuters) – Donald Trump’s U.S. presidential election win has not sparked a repeat of the explosive rally which followed his unexpected victory in 2016. That coincided with a market that was heavily short of both futures and options and triggered a mass realignment of fund positioning. This time, copper was in risk-off mode ahead of what seemed a close-call result. Fund managers were net long of

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November 11, 20240 Comments

Wall Street at record highs as post-election rally continues By Reuters

(Reuters) – Wall Street’s main indexes opened at record highs on Monday (NASDAQ:) as optimism on proposed tax cuts and expectations of an easier regulatory environment after Donald Trump won the U.S. presidency continued to lift stocks. The rose 254.75 points, or 0.58%, at the open to 44,243.74. The rose 13.3 points, or 0.22%, at the open to 6008.86​, while the rose 68.6 points, or 0.36%, to 19355.338 at the

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November 11, 20240 Comments

Analyst Sees Chainlink Price Surging to $600 And ‘Outpacing ETH’

Chainlink price has not been left behind by the bull market. Breaking above a three-month resistance, the LINK price has re-established itself back in a bullish trend. Following this robust price action, an analyst predicted that Chainlink would surge to over $600 and eventually surpass Ethereum in market cap by the end of this bull run. Can LINK pull this off? LINK price hovered around $14.07 during New York pre-market

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