🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 29 February 2024
📌 Disney and Reliance to merge media businesses in India in $8.5 billion joint venture. The companies will be combining their respective Star India and Viacom18 units into the newly created Star India joint venture, valued at roughly $8.5 billion on a post-money basis, excluding synergies.
📌 First Solar jumps on strong quarter, record backlog in rare bright spot for beaten-down renewable sector. High interest pummeled the highly leveraged residential solar sector but First Solar’s focus on large, utility-scale projects has insulated the company from the macroeconomic headwinds so far.
📌 Canada’s 4Q Current Account Deficit Narrows to C$1.62 Billion. Canada’s current-account deficit continued to narrow in the final quarter of last year largely due to a rise in the goods surplus, though for the year the country’s deficit widened with a decline in goods exports with lower energy prices.
📌 Eurozone Confidence Struggles to Recover. The eurozone sentiment indicator unexpectedly worsened in February, with consumer confidence improving slightly but all other economic sectors deteriorated.
📌 Hong Kong Takes Drastic Action to Avert Property Slump. The city has scrapped a series of property taxes in an effort to turn around a market that is often seen as a proxy for its beleaguered economy.
Sources: CNBC, Bloomberg, WSJ
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Date: 29 February 2024
📌 Disney and Reliance to merge media businesses in India in $8.5 billion joint venture. The companies will be combining their respective Star India and Viacom18 units into the newly created Star India joint venture, valued at roughly $8.5 billion on a post-money basis, excluding synergies.
📌 First Solar jumps on strong quarter, record backlog in rare bright spot for beaten-down renewable sector. High interest pummeled the highly leveraged residential solar sector but First Solar’s focus on large, utility-scale projects has insulated the company from the macroeconomic headwinds so far.
📌 Canada’s 4Q Current Account Deficit Narrows to C$1.62 Billion. Canada’s current-account deficit continued to narrow in the final quarter of last year largely due to a rise in the goods surplus, though for the year the country’s deficit widened with a decline in goods exports with lower energy prices.
📌 Eurozone Confidence Struggles to Recover. The eurozone sentiment indicator unexpectedly worsened in February, with consumer confidence improving slightly but all other economic sectors deteriorated.
📌 Hong Kong Takes Drastic Action to Avert Property Slump. The city has scrapped a series of property taxes in an effort to turn around a market that is often seen as a proxy for its beleaguered economy.
Sources: CNBC, Bloomberg, WSJ
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[Infographic: What are Blockchains & Cryptocurrencies?]
Why are blockchains touted as the next big thing in the financial industry and potentially a major game-changer?
If you have heard of blockchain technology, chances are you know it has something to do with defi or cryptocurrencies.
Read full post 👉🏻 https://synapsetrading.com/?p=43836
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Why are blockchains touted as the next big thing in the financial industry and potentially a major game-changer?
If you have heard of blockchain technology, chances are you know it has something to do with defi or cryptocurrencies.
Read full post 👉🏻 https://synapsetrading.com/?p=43836
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 1 March 2024
📌 Microsoft introduces Copilot AI chatbot for finance workers in Excel and Outlook. After testing the new tool, Microsoft’s own finance department has seen time savings, the company said.
📌 Humanoid robot startup Figure AI valued at $2.6 billion as Bezos, OpenAI, Nvidia join funding. The startup says it will use the money to accelerate development of its humanoid robot, which is intended for commercial use. Founded in 2022, Figure AI has developed a general-purpose robot, called Figure 01, that looks and moves like a human.
📌 Big Spending on Infrastructure Powers India’s Growth. Domestic consumption picked up among wealthy Indians but inflation continued to bite into the spending power of lower-to-middle-class consumers.
📌 German Inflation Fell More Than Expected in February. German inflation fell for a second straight month in February, coming in slightly lower than expected, likely a relief for European Central Bank policymakers as they consider.
📌 SEC Investigating Whether OpenAI Investors Were Misled. The regulator is examining the internal communications of CEO Sam Altman, after the board last year temporarily ousted him for alleged lack of candor.
Sources: CNBC, Bloomberg, WSJ
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Date: 1 March 2024
📌 Microsoft introduces Copilot AI chatbot for finance workers in Excel and Outlook. After testing the new tool, Microsoft’s own finance department has seen time savings, the company said.
📌 Humanoid robot startup Figure AI valued at $2.6 billion as Bezos, OpenAI, Nvidia join funding. The startup says it will use the money to accelerate development of its humanoid robot, which is intended for commercial use. Founded in 2022, Figure AI has developed a general-purpose robot, called Figure 01, that looks and moves like a human.
📌 Big Spending on Infrastructure Powers India’s Growth. Domestic consumption picked up among wealthy Indians but inflation continued to bite into the spending power of lower-to-middle-class consumers.
📌 German Inflation Fell More Than Expected in February. German inflation fell for a second straight month in February, coming in slightly lower than expected, likely a relief for European Central Bank policymakers as they consider.
📌 SEC Investigating Whether OpenAI Investors Were Misled. The regulator is examining the internal communications of CEO Sam Altman, after the board last year temporarily ousted him for alleged lack of candor.
Sources: CNBC, Bloomberg, WSJ
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Before quitting your job to trade full-time, consider if you have these 4 key elements required to trade for a living.
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 2 March 2024
📌 Elon Musk sues OpenAI and CEO Sam Altman over contract breach. The legal action pits two of the world’s most prominent tech leaders against each other at a time of extraordinary hype over the future of AI.
📌 The U.S. national debt is rising by $1 trillion about every 100 days. U.S. debt, which is the amount of money the federal government borrows to cover operating expenses, now stands at nearly $34.4 billion, as of Wednesday.
📌 Europe is having its worst earnings season since the onset of Covid — with little hope of a quick turnaround. This sparked an energy crisis in the region and led to record high inflation. As such, the bloc is currently dealing with record high interest rates from the European Central Bank, making it more expensive for companies to receive new finance.
📌 Boeing in Talks to Buy Troubled Supplier Spirit AeroSystems. Spirit, the jet-fuselage supplier Boeing split off two decades ago, has been at the center of quality issues affecting 737 MAX jets.
📌 Volkswagen Expects Revenue Growth to Slow This Year. Volkswagen expects revenue growth to slow this year as it faces a tough economic backdrop and increasing competition...
Sources: CNBC, Bloomberg, WSJ
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Date: 2 March 2024
📌 Elon Musk sues OpenAI and CEO Sam Altman over contract breach. The legal action pits two of the world’s most prominent tech leaders against each other at a time of extraordinary hype over the future of AI.
📌 The U.S. national debt is rising by $1 trillion about every 100 days. U.S. debt, which is the amount of money the federal government borrows to cover operating expenses, now stands at nearly $34.4 billion, as of Wednesday.
📌 Europe is having its worst earnings season since the onset of Covid — with little hope of a quick turnaround. This sparked an energy crisis in the region and led to record high inflation. As such, the bloc is currently dealing with record high interest rates from the European Central Bank, making it more expensive for companies to receive new finance.
📌 Boeing in Talks to Buy Troubled Supplier Spirit AeroSystems. Spirit, the jet-fuselage supplier Boeing split off two decades ago, has been at the center of quality issues affecting 737 MAX jets.
📌 Volkswagen Expects Revenue Growth to Slow This Year. Volkswagen expects revenue growth to slow this year as it faces a tough economic backdrop and increasing competition...
Sources: CNBC, Bloomberg, WSJ
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👍2❤1
[Blog Post: Best Trading Tips & Quotes From Nicholas Darvas]
Nicolas Darvas was a dancer, self-taught investor & author.
At the age of 39, after accumulating his fortune and also being exposed in Time magazine, Darvas documented his actions in the book, “How I Made 2,000,000 in the Stock Market”.
Read full post 👉🏻 https://synapsetrading.com/?p=43475
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Nicolas Darvas was a dancer, self-taught investor & author.
At the age of 39, after accumulating his fortune and also being exposed in Time magazine, Darvas documented his actions in the book, “How I Made 2,000,000 in the Stock Market”.
Read full post 👉🏻 https://synapsetrading.com/?p=43475
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 3 March 2024
📌 The Invisible $1.52 Trillion Problem: Clunky Old Software. Old code piles up, raising hack and breach risks, highlighting the urgent need for modernization across industries.
📌 Signs of Trouble at Regional Banks. New York Community Bancorp shares fell 26% after a credit downgrade to junk, sparking renewed fears in the banking sector.
📌 Lawyers Seek $6B Fee in Musk Pay Case. Following the voiding of Elon Musk’s $56 billion compensation, lawyers demand a record fee, sparking controversy over legal costs.
📌 Red Sea Conflict Threatens Internet Cables. Maritime attacks near the Red Sea are complicating the repair of underwater cables crucial for global web traffic.
📌 Global CO2 Emissions Hit Record in 2023. Despite declines in Europe and the U.S., emissions surged to a new high due to increases in China and India, challenging global climate goals.
Sources: CNBC, Bloomberg, WSJ
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Date: 3 March 2024
📌 The Invisible $1.52 Trillion Problem: Clunky Old Software. Old code piles up, raising hack and breach risks, highlighting the urgent need for modernization across industries.
📌 Signs of Trouble at Regional Banks. New York Community Bancorp shares fell 26% after a credit downgrade to junk, sparking renewed fears in the banking sector.
📌 Lawyers Seek $6B Fee in Musk Pay Case. Following the voiding of Elon Musk’s $56 billion compensation, lawyers demand a record fee, sparking controversy over legal costs.
📌 Red Sea Conflict Threatens Internet Cables. Maritime attacks near the Red Sea are complicating the repair of underwater cables crucial for global web traffic.
📌 Global CO2 Emissions Hit Record in 2023. Despite declines in Europe and the U.S., emissions surged to a new high due to increases in China and India, challenging global climate goals.
Sources: CNBC, Bloomberg, WSJ
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 4 March 2024
📌 Rich Countries Are Becoming Addicted to Cheap Labor. Amid persistent labor shortages, businesses in affluent nations are increasingly dependent on migrant workers. Economists caution this could lead to long-term economic and social challenges, as reliance on lower-cost labor may not be sustainable.
📌 Apple Is Playing an Expensive Game of AI Catch-Up. Apple's decision to shelve its car project reflects a strategic shift towards AI, where it's trying to close the gap with major tech competitors. Despite reallocating resources, Apple faces challenges due to its late entry and smaller scale in AI development compared to its peers.
📌 Even With Incentives, Asian Companies Find It’s Hard to Build in the U.S. Asian corporations, like Panasonic with its EV-battery plant, are struggling to capitalize on U.S. incentives for domestic high-tech manufacturing. Issues such as budget overruns highlight the difficulties of adapting to the American market's demands and regulations.
📌 OPEC+ Extends Oil Cuts, With Russia Bolstering Its Effort. The decision to extend the 2 million barrel-a-day reduction into mid-year reflects OPEC+'s commitment to stabilizing global oil markets. Russia's increased focus on production cuts, rather than export reductions, underscores its role in these efforts.
📌 Qatar’s Gas Boost Will Bring Energy Dominance — and Lots of Cash. Qatar aims to expand its dominance in the global natural gas market, with plans that could increase its annual revenue by over $30 billion. This move could further solidify Qatar's position as a key energy supplier worldwide.
Sources: CNBC, Bloomberg, WSJ
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Date: 4 March 2024
📌 Rich Countries Are Becoming Addicted to Cheap Labor. Amid persistent labor shortages, businesses in affluent nations are increasingly dependent on migrant workers. Economists caution this could lead to long-term economic and social challenges, as reliance on lower-cost labor may not be sustainable.
📌 Apple Is Playing an Expensive Game of AI Catch-Up. Apple's decision to shelve its car project reflects a strategic shift towards AI, where it's trying to close the gap with major tech competitors. Despite reallocating resources, Apple faces challenges due to its late entry and smaller scale in AI development compared to its peers.
📌 Even With Incentives, Asian Companies Find It’s Hard to Build in the U.S. Asian corporations, like Panasonic with its EV-battery plant, are struggling to capitalize on U.S. incentives for domestic high-tech manufacturing. Issues such as budget overruns highlight the difficulties of adapting to the American market's demands and regulations.
📌 OPEC+ Extends Oil Cuts, With Russia Bolstering Its Effort. The decision to extend the 2 million barrel-a-day reduction into mid-year reflects OPEC+'s commitment to stabilizing global oil markets. Russia's increased focus on production cuts, rather than export reductions, underscores its role in these efforts.
📌 Qatar’s Gas Boost Will Bring Energy Dominance — and Lots of Cash. Qatar aims to expand its dominance in the global natural gas market, with plans that could increase its annual revenue by over $30 billion. This move could further solidify Qatar's position as a key energy supplier worldwide.
Sources: CNBC, Bloomberg, WSJ
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[Trading Guide: The Ultimate Guide to Blockchain & Cryptocurrencies]
In this detailed guide, you will learn:
- How blockchain technology & crypto works
- The various types of cryptocurrency coins
- The various ways to invest in cryptocurrencies
- Latest applications of blockchain technology such as DeFi, NFTs, etc
Read more 👉🏻
https://synapsetrading.com/?p=39105
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In this detailed guide, you will learn:
- How blockchain technology & crypto works
- The various types of cryptocurrency coins
- The various ways to invest in cryptocurrencies
- Latest applications of blockchain technology such as DeFi, NFTs, etc
Read more 👉🏻
https://synapsetrading.com/?p=39105
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 5 March 2024
📌 Apple Hit With Over $1.95 Billion EU Antitrust Fine Over Music Streaming. The European Commission accuses Apple of abusing its dominant market position, significantly impacting the distribution of music streaming apps. Apple's vehement reaction points to Spotify as the primary beneficiary of this decision, highlighting the ongoing tension between major tech companies and regulatory bodies.
📌 Alef Aeronautics Secures 2,850 Preorders for its eVTOL Vehicle. Backed by SpaceX, Alef Aeronautics announces an impressive preorder volume for its Model A flying car, priced at $300,000 each. This achievement underscores the burgeoning interest and potential financial windfall in the emerging eVTOL market.
📌 China's Delicate Balance: Sustaining Growth Amid Economic Shifts. As China moves away from its aggressive growth model, President Xi Jinping faces the complex task of steering the economy towards sustainable development without succumbing to stagnation, a challenge that could redefine China's global economic stance.
📌 Japan’s Nikkei Surpasses 40,000 Mark for the First Time. Fueled by robust corporate earnings and a boom in chip-related stocks propelled by AI advancements, Japan's Nikkei index hits a historic high, reflecting the country's economic resilience and the tech sector's vitality.
📌 Surge in Prices for High-End Handbags Reflects Growing Exclusivity. The luxury handbag market sees an uptick in prices, driven by designers' desire to preserve an aura of exclusivity amidst the industry's expansion. This trend highlights the complex dynamics between luxury branding and consumer demand.
Sources: CNBC, Bloomberg, WSJ
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Date: 5 March 2024
📌 Apple Hit With Over $1.95 Billion EU Antitrust Fine Over Music Streaming. The European Commission accuses Apple of abusing its dominant market position, significantly impacting the distribution of music streaming apps. Apple's vehement reaction points to Spotify as the primary beneficiary of this decision, highlighting the ongoing tension between major tech companies and regulatory bodies.
📌 Alef Aeronautics Secures 2,850 Preorders for its eVTOL Vehicle. Backed by SpaceX, Alef Aeronautics announces an impressive preorder volume for its Model A flying car, priced at $300,000 each. This achievement underscores the burgeoning interest and potential financial windfall in the emerging eVTOL market.
📌 China's Delicate Balance: Sustaining Growth Amid Economic Shifts. As China moves away from its aggressive growth model, President Xi Jinping faces the complex task of steering the economy towards sustainable development without succumbing to stagnation, a challenge that could redefine China's global economic stance.
📌 Japan’s Nikkei Surpasses 40,000 Mark for the First Time. Fueled by robust corporate earnings and a boom in chip-related stocks propelled by AI advancements, Japan's Nikkei index hits a historic high, reflecting the country's economic resilience and the tech sector's vitality.
📌 Surge in Prices for High-End Handbags Reflects Growing Exclusivity. The luxury handbag market sees an uptick in prices, driven by designers' desire to preserve an aura of exclusivity amidst the industry's expansion. This trend highlights the complex dynamics between luxury branding and consumer demand.
Sources: CNBC, Bloomberg, WSJ
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[Blog Post: Overconfidence Bias in Trading - How Can I Ever be Wrong?]
Due to overconfidence bias, people tend to think that they are smarter and make better decisions than they actually do in reality.
How can we avoid this mistake in trading?
Read more 👉🏻 https://synapsetrading.com/?p=6043
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Due to overconfidence bias, people tend to think that they are smarter and make better decisions than they actually do in reality.
How can we avoid this mistake in trading?
Read more 👉🏻 https://synapsetrading.com/?p=6043
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 6 March 2024
📌 Bitcoin Hits Record Above $69,000 Then Tumbles 10%. Surpassing its previous all-time high for the first time in over two years, Bitcoin's dramatic rally faced a sudden 10% drop, stirring volatility in the cryptocurrency market.
📌 Tesla Shares Drop After Suspected Arson at Berlin Gigafactory. An alleged arson attack disrupts operations at Tesla's Berlin factory, with production expected to be halted for several days. This incident adds to the challenges faced by Tesla's European manufacturing hub.
📌 Apple iPhone Sales Decline 24% in China Amid Huawei's Comeback. Apple experiences a significant sales drop in China, contrasting with Huawei's resurgence. The competitive landscape intensifies as local smartphone manufacturers also navigate the market's shifting dynamics.
📌 Perplexity AI's Valuation Poised to Double to $1 Billion. Following a recent financing round, AI search startup Perplexity is on track to double its valuation, highlighting the tech investment community's fervor for artificial intelligence advancements.
📌 Jeff Bezos Reclaims Title as World's Richest Person. Overtaking Elon Musk, Amazon's Jeff Bezos regains the crown as the world's wealthiest individual, marking the first time since late 2021 he has held this position.
Sources: CNBC, Bloomberg, WSJ
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Date: 6 March 2024
📌 Bitcoin Hits Record Above $69,000 Then Tumbles 10%. Surpassing its previous all-time high for the first time in over two years, Bitcoin's dramatic rally faced a sudden 10% drop, stirring volatility in the cryptocurrency market.
📌 Tesla Shares Drop After Suspected Arson at Berlin Gigafactory. An alleged arson attack disrupts operations at Tesla's Berlin factory, with production expected to be halted for several days. This incident adds to the challenges faced by Tesla's European manufacturing hub.
📌 Apple iPhone Sales Decline 24% in China Amid Huawei's Comeback. Apple experiences a significant sales drop in China, contrasting with Huawei's resurgence. The competitive landscape intensifies as local smartphone manufacturers also navigate the market's shifting dynamics.
📌 Perplexity AI's Valuation Poised to Double to $1 Billion. Following a recent financing round, AI search startup Perplexity is on track to double its valuation, highlighting the tech investment community's fervor for artificial intelligence advancements.
📌 Jeff Bezos Reclaims Title as World's Richest Person. Overtaking Elon Musk, Amazon's Jeff Bezos regains the crown as the world's wealthiest individual, marking the first time since late 2021 he has held this position.
Sources: CNBC, Bloomberg, WSJ
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[Infographic: How to Create a Trading Journal]
As you start your trading journey, one very important habit to cultivate is to have a trading journal to record your journey, review your trades and find ways to improve your results.
Read full post 👉🏻 https://synapsetrading.com/?p=37113
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As you start your trading journey, one very important habit to cultivate is to have a trading journal to record your journey, review your trades and find ways to improve your results.
Read full post 👉🏻 https://synapsetrading.com/?p=37113
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[Weekly Market Wrap: Crypto Hits New Highs But Stocks Are Tipping Over]
Last week, the stock market's growth persisted, with the S&P 500 climbing and global indexes reaching new heights.
Despite rising rates, strong Q4 earnings, AI excitement, and steady economic growth fueled equities.
However, bonds fell amid rate hike forecasts and signs of enduring inflation, suggesting investment diversification.
This week focuses on key political events and economic data, including the President's address, Powell's testimony, Super Tuesday elections, and February's job report, alongside earnings from Target, Costco, Ross Stores, CrowdStrike, and Broadcom, potentially influencing market trends.
Read full blog post: 👇🏻
https://synapsetrading.com/?p=48177
Last week, the stock market's growth persisted, with the S&P 500 climbing and global indexes reaching new heights.
Despite rising rates, strong Q4 earnings, AI excitement, and steady economic growth fueled equities.
However, bonds fell amid rate hike forecasts and signs of enduring inflation, suggesting investment diversification.
This week focuses on key political events and economic data, including the President's address, Powell's testimony, Super Tuesday elections, and February's job report, alongside earnings from Target, Costco, Ross Stores, CrowdStrike, and Broadcom, potentially influencing market trends.
Read full blog post: 👇🏻
https://synapsetrading.com/?p=48177
🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 7 March 2024
📌 Fed Chair Powell Indicates Rate Cuts Expected This Year. In his prepared remarks for a congressional hearing, Powell remarked on the significant and widespread deceleration of inflation in the past year, signaling a potential shift in monetary policy.
📌 China Reports Strong Export Growth, Considers Additional Economic Stimulus. Early data for 2024 shows a 10% increase in exports, with Chinese officials suggesting the possibility of further stimulus measures despite the positive trade performance.
📌 Australian Economy Faces Further Slowdown Amid High Rates and Rising Costs. Recent economic indicators heighten concerns over the potential for a severe economic downturn in Australia, affected by increasing rates and financial pressures.
📌 German Exports Surpass Expectations, Signaling Potential Economic Recovery. January saw a 6.3% rise in German exports, exceeding forecasts and suggesting a possible rebound in global demand for the nation's products.
📌 Moderna to Reduce R&D Expenditures as It Diversifies Beyond Covid Vaccines. With an aim to compensate for the anticipated drop in Covid vaccine revenues, Moderna plans to cut research and development costs while focusing on introducing new products.
Sources: CNBC, Bloomberg, WSJ
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Date: 7 March 2024
📌 Fed Chair Powell Indicates Rate Cuts Expected This Year. In his prepared remarks for a congressional hearing, Powell remarked on the significant and widespread deceleration of inflation in the past year, signaling a potential shift in monetary policy.
📌 China Reports Strong Export Growth, Considers Additional Economic Stimulus. Early data for 2024 shows a 10% increase in exports, with Chinese officials suggesting the possibility of further stimulus measures despite the positive trade performance.
📌 Australian Economy Faces Further Slowdown Amid High Rates and Rising Costs. Recent economic indicators heighten concerns over the potential for a severe economic downturn in Australia, affected by increasing rates and financial pressures.
📌 German Exports Surpass Expectations, Signaling Potential Economic Recovery. January saw a 6.3% rise in German exports, exceeding forecasts and suggesting a possible rebound in global demand for the nation's products.
📌 Moderna to Reduce R&D Expenditures as It Diversifies Beyond Covid Vaccines. With an aim to compensate for the anticipated drop in Covid vaccine revenues, Moderna plans to cut research and development costs while focusing on introducing new products.
Sources: CNBC, Bloomberg, WSJ
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❤1
Are you measuring your trading performance based on the short-term or long-term?
There are bound to be ups and downs in your overall trading account, so the main thing is to make sure that it grows steadily over the long run.
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There are bound to be ups and downs in your overall trading account, so the main thing is to make sure that it grows steadily over the long run.
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 8 March 2024
📌 Rivian Launches More Affordable Electric Model in Sales Boost Effort. The EV maker Rivian introduces a less expensive electric vehicle model, aiming to attract a broader customer base and energize its sales performance.
📌 ECB Keeps Interest Rates Steady Amidst Global Economic Uncertainty. The European Central Bank decides to hold interest rates, with expectations of possible reductions in June, as central banks globally deliberate on the pace of easing monetary policies.
📌 Fed Chair Powell Suggests Rate Cuts Could Be Near. Powell indicates the Federal Reserve is approaching the confidence level needed to start reducing interest rates, with current rates significantly higher than those typically seen in low inflation scenarios.
📌 Apple to Face Challenges Due to New European Tech Regulation. The upcoming European tech legislation could impact Apple's app market dominance, forcing the company to allow competitors access to its platform.
📌 Potential TikTok Ban in the US Under Consideration. TikTok comes under fire again in the United States as lawmakers draft a bill that could lead to the prohibition of the ByteDance-owned video-sharing application, citing security concerns.
Sources: CNBC, Bloomberg, WSJ
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Date: 8 March 2024
📌 Rivian Launches More Affordable Electric Model in Sales Boost Effort. The EV maker Rivian introduces a less expensive electric vehicle model, aiming to attract a broader customer base and energize its sales performance.
📌 ECB Keeps Interest Rates Steady Amidst Global Economic Uncertainty. The European Central Bank decides to hold interest rates, with expectations of possible reductions in June, as central banks globally deliberate on the pace of easing monetary policies.
📌 Fed Chair Powell Suggests Rate Cuts Could Be Near. Powell indicates the Federal Reserve is approaching the confidence level needed to start reducing interest rates, with current rates significantly higher than those typically seen in low inflation scenarios.
📌 Apple to Face Challenges Due to New European Tech Regulation. The upcoming European tech legislation could impact Apple's app market dominance, forcing the company to allow competitors access to its platform.
📌 Potential TikTok Ban in the US Under Consideration. TikTok comes under fire again in the United States as lawmakers draft a bill that could lead to the prohibition of the ByteDance-owned video-sharing application, citing security concerns.
Sources: CNBC, Bloomberg, WSJ
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[Blog Post: Is Trading really Risky like Gambling? (How to Trade Like a Casino)]
At first glance, trading appears quite similar to gambling, which is why many people deem it to be risky, with the possibility of huge losses.
However, there is actually one major difference between these two activities.
Read more 👉🏻 https://synapsetrading.com/?p=1288
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At first glance, trading appears quite similar to gambling, which is why many people deem it to be risky, with the possibility of huge losses.
However, there is actually one major difference between these two activities.
Read more 👉🏻 https://synapsetrading.com/?p=1288
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 9 March 2024
📌 German Industrial Output Surprises with 1% Increase. In a boost to the economy, Germany's industrial production in January surpassed expectations, marking a positive shift for the nation's manufacturing sector.
📌 U.S. Job Market Shows Strength, Fueling Rate Cut Optimism. Despite a robust hiring trend, emerging signs of a slowing labor market from the latest Labor Department report have raised investor hopes for impending interest rate cuts.
📌 Apple Opens Doors to Fortnite Developer in Europe. Apple's decision to allow Epic Games access to its platform signals a potential easing in its stance amid regulatory pressures, reversing a previous ban related to the tech giant's app store practices.
📌 Rising Ad Integration in Ride-Sharing and Delivery Apps Sparks User Backlash. Companies like Uber, Lyft, and Instacart are exploring new ad formats within their apps, facing mixed reactions from their user base over the increased ad presence.
📌 Cruise Industry's Popularity Soars, Despite Investor Hesitation. Record-breaking revenue is expected from this year's wave season for cruise lines, even as the sector's pandemic-era debt levels cause concern among investors.
Sources: CNBC, Bloomberg, WSJ
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Date: 9 March 2024
📌 German Industrial Output Surprises with 1% Increase. In a boost to the economy, Germany's industrial production in January surpassed expectations, marking a positive shift for the nation's manufacturing sector.
📌 U.S. Job Market Shows Strength, Fueling Rate Cut Optimism. Despite a robust hiring trend, emerging signs of a slowing labor market from the latest Labor Department report have raised investor hopes for impending interest rate cuts.
📌 Apple Opens Doors to Fortnite Developer in Europe. Apple's decision to allow Epic Games access to its platform signals a potential easing in its stance amid regulatory pressures, reversing a previous ban related to the tech giant's app store practices.
📌 Rising Ad Integration in Ride-Sharing and Delivery Apps Sparks User Backlash. Companies like Uber, Lyft, and Instacart are exploring new ad formats within their apps, facing mixed reactions from their user base over the increased ad presence.
📌 Cruise Industry's Popularity Soars, Despite Investor Hesitation. Record-breaking revenue is expected from this year's wave season for cruise lines, even as the sector's pandemic-era debt levels cause concern among investors.
Sources: CNBC, Bloomberg, WSJ
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[Infographic: Best Trading Tips & Quotes from Paul Tudor Jones]
Paul Tudor Jones is an American hedge fund manager, conservationist and philanthropist.
As of November 2019, Forbes Magazine estimated his net worth to be US$5.3 billion, making him the 7th highest-earning hedge fund manager.
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Paul Tudor Jones is an American hedge fund manager, conservationist and philanthropist.
As of November 2019, Forbes Magazine estimated his net worth to be US$5.3 billion, making him the 7th highest-earning hedge fund manager.
Read full post 👉🏻 https://synapsetrading.com/?p=43467
Share 🍻 https://www.tg-me.com/synapsetrading