In a recent YouTube “Ask Me Anything” (AMA), Charles Hoskinson, co-founder of Cardano (ADA) and Ethereum (ETH), surprised his audience by discussing a potential revolutionary integration between Cardano and Bitcoin (BTC). During the November 2 event, Hoskinson reflected on the possibility of establishing a “trustless bridge” between the two networks, enabling unprecedented interoperability. Hoskinson noted […]
Today’s Stocks to Watch: Boeing, Trump Media, and Palantir
Key points: Trump Media & Technology Shares Up 10% (DJT) Stock in the parent company of Truth Social was up 10% in recent trading before the market opened. The stock has been volatile for weeks, acting as a proxy for election expectations. Tech Firm Palantir (PLTR) Boosts Sales and Expectations The software company reported strong […]
U.S. Stock Markets Rise on Day Marked by Presidential Election and Federal Reserve Meeting
U.S. stock index futures and equities rose slightly on Tuesday, recovering some ground after recent sharp losses as investors prepared for a close presidential election and an anticipated Federal Reserve meeting. Major indexes were lower on Monday, with the S&P 500 and Nasdaq Composite losing 0.3%, while the Dow Jones Industrial Average fell 0.6%, extending […]
Dollar Slips as U.S. Elections Loom, Uncertainty Prevails
The U.S. dollar dipped slightly on Tuesday as it approached a closely contested presidential election, the outcome of which could lead to significant market moves. The Dollar Index, which tracks the greenback against a basket of six currencies, fell 0.1% after declining overnight to its lowest since October 21, contrasting with last week’s highs, the highest […]
Outlook for the Week of November 4–8
Key Points to Watch: U.S. Election Impact on the Markets The U.S. dollar has strengthened recently, supported by optimistic data suggesting the Federal Reserve may not need to make another 50-basis-point rate cut for the remainder of 2024. Additionally, market bets are growing on a potential victory for Donald Trump and his return to the […]
Ripple Prepares Largest XRP Sale in Seven Years
November has arrived, and Ripple is stirring the market as it prepares for what could be its largest monthly XRP sale in seven years. Ripple, the lead developer of XRP Ledger (XRP) and its largest investor, has set aside 470 million XRP for sale, valued at approximately $240 million. Since 2017, Ripple has been unlocking 1 […]
Market Highlights for the Week: Elections, Fed, and Earnings
This week is set to keep investors on edge, with a closely contested U.S. presidential election and a Federal Reserve meeting that could bring another rate cut. Here’s what to watch for in the markets in the coming days. U.S. Elections Tuesday is Election Day, with early voting already underway in a very tight race between […]
Today’s Stocks to Watch: Trump Media, Nvidia, and Apple
Key points: Trump Media & Technology (DJT) Sees Volatility with a 20% Drop Trump Media & Technology: The parent company of Donald Trump’s social media platform has experienced high volatility in recent weeks, trading as a proxy for election expectations. Shares were down in pre-market trading Monday, having lost over 20% of their valuation in […]
Presidential Election and Federal Reserve Meeting Send U.S. Stock Market into Turmoil
U.S. stock index futures rose Monday in cautious trading at the start of a week that brings a tight presidential election and a Federal Reserve meeting. At the start of trading Monday, Dow Jones futures were up nearly 60 points, or about 0.1%, S&P 500 futures were up 12 points, or about 0.2%, and Nasdaq […]
Dollar slips ahead of elections; Fed and BOE also in focus
The U.S. dollar retreated on Monday amid political uncertainty ahead of Tuesday’s presidential election and also amid expectations that the Federal Reserve will cut interest rates this week. The dollar index, which analyzes the greenback against a basket of six other currencies, fell 0.5% to 103.695, after strong gains in October. Dollar slips ahead of […]