The cryptocurrency exchange Binance saw significant price increases for several memecoins listed on its platform in 2024.On Nov. 11, pseudonymous onchain analyst Ai_9684xtpa posted on X that among the 15 memecoins listed by Binance in 2024, 12 saw significant increases in value after going live on the exchange. Memecoins like Moo deng (MOODENG), Dogwifhat (WIF) and Popcat (POPCAT) saw prices appreciate over 200% after their Binance listing, with the Neiro (NEIRO) memecoin pumping by almost 7,600% after going live on the exchange.Memecoins listed on Binance in 2024. Source: AiWhile many of the listed tokens saw price increases, some experienced declines. Mog…
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Image source: Getty Images It looks like the UK government’s recent Budget has affected the FTSE 100‘s J Sainsbury (LSE: SBRY). Over the past month, the share price has fallen around 15% and now sits at just under 252p, as I write on 8 November. The news outlets have been reporting that chief executive Simon Roberts has some concerns. He thinks the changes announced to employers’ National Insurance will add about £140m annually to the firm’s tax bill. On top of that, the government raised the minimum wage for most adults. Roberts told reporters the low profit margins in the supermarket industry will…
Nvidia is a ‘most-own’ stock, according to Piper Sandler. The investment firm named the semiconductor giant its top large-cap pick, citing the launch of Nvidia’s upcoming Blackwell chip and lead within artificial intelligence computing. Analyst Harsh Kumar stood by his overweight rating on the stock and raised his price target to $175 from $140. Kumar’s updated price forecast is about 19% above where the stock closed Friday. Year to date, shares have soared 198%. NVDA YTD mountain NVDA YTD chart “Our viewpoint is rooted in the belief that the overall [total addressable market] for AI accelerators will continue to rise…
By Howard Schneider WASHINGTON (Reuters) – Within weeks of Donald Trump’s 2016 election, U.S. Federal Reserve policymakers began mulling the impact of expected tax cuts and tariffs on the economy, penciling in rough estimates of what was to come, with some among them concluding higher interest rates may be needed to keep inflation in check. That included Jerome Powell, then a Fed governor and now the central bank’s chair with chief responsibility for setting the course of monetary policy through the first 16 months of Trump’s next term. The Republican former president defeated Democratic Vice President Kamala Harris in last…
U.S. Treasury yields were slightly lower on Monday following last week’s post-election high prompted by Donald Trump’s presidential win.The 10-year Treasury yield fell by less than one basis point to 4.3062%. The yield on the 2-year Treasury was also lower by less than one basis point to 4.2519%.One basis point equals 0.01%. Yields and prices move in opposite directions.Investors are awaiting the latest inflation reading due on Wednesday as well as the consumer and producer prices data for October set to be published later this week. The consumer data will provide insights about the health of the U.S. economy.The October CPI is expected…
Investing.com — US equity positioning and valuations are looking increasingly stretched, according to RBC Capital Markets. In a report released Monday (NASDAQ:), RBC underlines that positioning in equity futures for both the and the recently reached peak levels. As the market rides post-election optimism, the investment bank suggests there may be limits to how much further valuations can expand. “US equity positioning in the futures market – including S&P 500 contracts – was at all-time highs on election day per CFTC’s Friday update,” the report notes. On the valuation front, the S&P 500’s equal-weight forward price-to-earnings (P/E) ratio has climbed…
The Economics of the Stock Market. 2022. Andrew Smithers. Oxford University Press. Judging by the behavior of the stock market, we are living in challenging times for mainstream finance. Under the hypothesis that markets are efficient and investors are rational, neoclassical theory assumes away the problem of financial bubbles and the linkages between equity returns and the rest of the macro variables. After a decade of unconventional monetary policies, massive fiscal deficits, and the return of inflation, however, equity market behavior in recent years has been nothing short of perplexing, leaving most practitioners struggling to understand the vagaries of stock…
As temperatures dip in the winter, energy demand predictably rises. Consumers and businesses turn up heating systems, putting an extra load on electricity and natural gas utilities. This seasonal surge often benefits energy companies, with utilities seeing increased revenue and stability as they serve higher demand. Among top choices, Duke Energy Corporation (DUK) stands out due to its extensive service footprint and strong fundamentals, particularly for investors seeking stability and dividends in the winter season. The Charlotte-based energy giant Duke Energy supplies electricity and natural gas across the Midwest and Southeast, servicing 8.4 million electric and 1.7 million gas customers.…
Image source: Getty Images I’ve got cash to burn in my Stocks and Shares ISA right now and Palantir (NYSE: PLTR) stock has caught my eye. An artificial intelligence (AI) play, it’s one of the hottest stocks in the market at the moment. Is it worth buying a few shares in the data analytics company for my portfolio today? Let’s discuss. . An AI stock I’ve actually had this US-listed growth stock on my watchlist for a few years now. And I’ve covered it a few times here at The Motley Fool. In the past, I’ve been impressed with the…
Dogecoin (DOGE), the largest memecoin by market capitalization, has rallied more than 23% in the past 24 hours, emerging as the best crypto market performer amid anticipation surrounding Elon Musk’s support of the memecoin in the Trump administration. Currently trading at $0.2771, DOGE has reached its highest value since Oct. 2021, marking an 86% climb over the last seven days and is up 152% over the last month.DOGE/USD daily chart. Source: TradingViewDOGE now commands a market capitalization of over $41.2 billion at the time of publication, surpassing USDC’s (USDC) $36.9 billion and XRP’s (XRP) $32.7 billion capitalization to become the sixth-largest…