• July 31, 2024

Economists Skeptical About Trump's Bitcoin Stockpile Plan: A Game-Changer Or A Mere Election Gimmick?

In a surprising move, former US President Donald Trump has proposed a plan to establish a national bitcoin stockpile if he is reelected. This announcement has left economists and financial experts scratching their heads. What Happened: As reported by Wired on Thursday, Trump unveiled his plan at the Bitcoin 2024 conference in Nashville, Tennessee. He pledged to retain all bitcoin currently held or acquired by the US government in the future, estimated to be around 210,000 bitcoin, worth approxim

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• July 31, 2024

How the Fed impacts stocks, crypto and other investments

The best way for most investors to approach this type of market is to stick to the long-term plan.

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• July 31, 2024

Solana’s DogeZuki tops daily NFT market

DogeZuki tops daily NFT sales, followed by Solana Monkey Business and Bored Ape Yacht Club.

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• July 31, 2024

Cryptocurrency Price Movements Today: Ether ETFs Switch to Inflows

Bitcoin and ether traded flat as spot ether ETF fund flows turned positive after four days and bitcoin ETFs posted rare day of outflows.

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• July 31, 2024

Treasury Yields Dip to 4-Month Low Ahead of Fed Decision

Treasury yields fell Wednesday as markets waited to see how clearly the Federal Reserve, which today concludes its July policy meeting, would signal its next move on interest rates.

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• July 31, 2024

The ‘Everything Rally’ Is Back Ahead of the Fed Decision. Will It Last?

Technology stocks were roaring back, but the rest of the market was rising, too, ahead of today's Federal Reserve interest-rate decision. The Dow shook off some early stumbles and was up 240 points, or 0.6% shortly before noon ET. The Nasdaq Composite was the real star with a gain of 2.6%.

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• July 31, 2024

USD/JPY Forecast – US Dollar Continues to Struggle With The Yen

The US Dollar continues to fall against the yen, as the Bank of Japan has raised rates to a “whopping 25 basis points.” With this, traders are now waiting to see what the Federal Reserve is going to do later in the day.

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• July 31, 2024

What stock, bond markets would find ‘surprising’ from Fed Chair Jerome Powell

Markets will be paying close attention Wednesday to how much confidence Federal Reserve Chair Jerome Powell signals the central bank has to potentially begin cutting interest rates as soon as September.

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• July 31, 2024

US pending home sales, AMD chip rally: Catalysts

Today on Catalysts, hosts Seana Smith and Madison Mills delve into the latest economic data, top trending tickers, and the semiconductor industry. US housing data takes center stage as pending home sales surpassed economist expectations, rising 4.8% in June. This news comes as the Federal Reserve prepares to announce its decision on interest rates later this afternoon. The show then turns to trending tickers, spotlighting Delta Air Lines (DAL), Altria Group (MO), Mastercard (MA), and Boeing (BA)— which announced its new CEO in former Collins Aerospace CEO Robert "Kelly" Ortberg, set to begin in his new chief executive role on August 8. The program concludes with a focus on the chip sector, following Advanced Micro Devices' (AMD) second quarter earnings beat that has sparked a rally among semiconductor stocks. Angelo Zino, CFRA Research senior equity analyst, talks why he believes the AI momentum in the chip sector will persist. For more expert insight and the latest market action, click here. This post was written by Angel Smith

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• July 31, 2024

Dollar Weakens Amid Forecasts of Fed Cuts, as BOJ Tightens

The dollar weakens as an interest-rate increase in Japan is coupled with expectations of monetary easing in the U.S. The Bank of Japan increased rates to 0.25% from a 0%-0.1% range, strengthening the yen against the dollar. The USDJPY is at 150, the lowest since March.

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