Investment Learning

  • August 7, 2024

Stocks in the green following latest employment data

Major market averages (^DJI, ^IXIC, ^GSPC) move into positive territory at Thursday's open, the Nasdaq Composite seeing early gains as high as 1.4% after hopeful initial jobless claims data reported this morning. The Morning Brief's Brad Smith and Seana Smith report market moves after the opening bell, while Jared Blikre keeps a close watch on the action in Treasury yields (^TYX, ^TNX, ^FVX), the volatility index (^VIX), and the consumer discretionary (XLY) and consumer staples (XLP) sectors. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

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  • August 7, 2024

Ripple CEO Comments On Court Ruling Reducing SEC's $2 Billion Demand

According to BlockBeats, on August 8, Ripple CEO Brad Garlinghouse commented on a recent court ruling regarding the sale of XRP to retail customers. The ruling determined that Ripple's actions did not violate federal securities laws. Garlinghouse stated on X that the SEC had initially demanded $2 billion, but the court recognized the excessive nature of this demand and reduced it by approximately 94%. He expressed respect for the court's decision and emphasized Ripple's commitment to continuing its business development. Garlinghouse described the ruling as a victory for XRP, the industry, and the rule of law, noting that the SEC's resistance against the entire XRP community has now been eliminated.

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  • August 7, 2024

Robinhood results beat estimates on meme-stock, crypto-trading boom

(Reuters) -Robinhood beat Wall Street expectations for second-quarter earnings on Wednesday, as interest in meme stocks and cryptocurrencies soared, and said it continued to gain retail trading market share from rivals. The app, typically associated with mom-and-pop investors, saw a surge in trading volumes as meme-stock influencer Keith Gill returned to social media and reignited interest in the highly shorted shares of videogame retailer GameStop. Robinhood's transaction-based revenue surged 69% to $327 million in the quarter.

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  • August 7, 2024

EXCLUSIVE: What Tim Walz, Kamala Harris's New VP Pick, Could Mean For The Crypto Industry

Vice President Kamala Harris‘s choice of Minnesota Governor Tim Walz as her running mate for the 2024 presidential election has sparked a wave of speculation and concern within the cryptocurrency community. Who Tim Walz Is: While Walz himself has remained largely silent on digital assets, his alignment with stringent financial regulations and consumer protections, akin to figures like Senator Elizabeth Warren (D-Mass.) and SEC Chair Gary Gensler, suggests a possible shift towards stricter oversi

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  • August 7, 2024

Ripple Fined $125 Million For Institutional Sales Of XRP

According to CoinDesk, a federal judge has imposed a $125 million fine on Ripple after determining that its institutional sales of XRP violated federal securities laws. District Judge Analisa Torres of the Southern District of New York issued the penalty following her finding that 1,278 institutional sale transactions by Ripple breached securities regulations. This fine is significantly lower than the $1 billion in disgorgement and prejudgment interest and $900 million in civil penalties initially sought by the SEC.The judge reiterated her stance that Ripple's programmatic sales of XRP to retail clients through exchanges did not violate federal securities laws. The SEC's attempt to appeal this part of the ruling was unsuccessful during the case proceedings. In addition to the fine, Judge Torres imposed an injunction against future securities law violations by Ripple. She noted that while she is not making a judgment that Ripple has violated any laws since the SEC filed its lawsuit, the company's actions suggest a likelihood of future violations.The injunction requires Ripple to file a registration statement if it plans to sell any securities in the future. The SEC is expected to appeal the July 2023 ruling now that the judge has imposed a sentence, following the denial of the SEC's motion for an interlocutory appeal last year. The SEC and Ripple had previously settled charges related to CEO Brad Garlinghouse and other executives after the interlocutory appeal was denied. Following the judgment, the price of XRP saw a slight increase, rising by 3 cents or approximately 2%.

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  • August 7, 2024

The Stock Market Blew Its Biggest Lead Since 2022

The stock market blew its biggest lead since 2022 after a weak auction of 10-year Treasury notes gave traders the excuse they needed to take some profits. The Dow Jones Industrial Average fell 234 points, or 0.6%, after rising as much as 480 points this morning. The S&P 500 closed down 0.8% while the Nasdaq Composite dropped 1.1%.

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  • August 7, 2024

Big Tech is in 'penalty box' for now: Barclays strategist

Big Tech stocks are in positive territory following sell-off woes, now pushing the market indexes (^DJI, ^IXIC, ^GSPC) higher in a slow recovery effort. In a note, Barclays Head of US Equity Strategy Venu Krishna wrote that tech leaders are in "the penalty box" at this time. Krishna joins the Catalyst team in-studio to talk about the refocus on AI monetization while tech stocks are trading increasingly higher than their earnings. "If you look at Meta (META), they posted very good numbers on digital ads. If you look at Amazon (AMZN), they posted very good numbers on their AWS side. And so if you look at individual names, they are checking the box," Krishna tells Yahoo Finance. "But clearly as the focus changes on onto the monetization of AI, from here on you don't want to pay very high multiples and you want to see actually the monetization showing up in earnings. And clearly this is a secular trend..." Krishna goes on to give his year-end forecast for the S&P 500 (^GSPC) and communicate how he sees the rest of the market (^DJI, ^IXIC) reacting to third quarter earnings forecasts. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.

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  • August 7, 2024

Yields rise after weak 10-year auction, heavy corporate supply

(Reuters) -U.S. Treasury yields rose on Wednesday after the Treasury Department saw soft demand for a $42 billion sale of 10-year notes and as companies rushed to sell debt as risk appetite improved. Yields tumbled to more than one-year lows after Friday’s employment report for July showed an unexpected increase in the unemployment rate, while jobs gains also came in below economists’ forecasts, raising fears of an imminent recession. This demand has since ebbed as stocks move higher, but Treasury yields remain well below where they have recently traded, which was seen as denting interest in Wednesday's debt auction.

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