Samson Mow, CEO at Jan3, known for his optimistic predictions, recently shared his thoughts on when the crypto community can expect Bitcoin to reach the $100,000 price level. According to Mow, Bitcoin first needs to surpass its previous all-time high before a recursive demand shock kicks in, propelling it to $100,000. Even though Bitcoin reached
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Many Americans consider real estate to be the best long-term investment option available. According to a recent survey by Gallup, 36% of Americans ranked real estate as their top choice, surpassing stocks, gold, and savings accounts. This belief in real estate as a solid investment stems from its emotional appeal and the potential for long-term
Shares of Citigroup (C) have outperformed major equity benchmarks in 2024, with a 22% year-to-date gain compared to the S & P 500’s 13%. However, a detailed technical analysis review using multiple time frames suggests a possible downside reversal. The weekly chart displays a significant and consistent rise in Citigroup from an October low of
The recent decision by the Bank of Canada to cut interest rates by 25 basis points had a minimal and brief impact on the Canadian dollar. Analysts from ING believe that this lackluster response was due to the market already anticipating a 20 basis point cut prior to the official announcement. Despite concerns about inflation
The ongoing contract negotiations between American Airlines and the Association of Professional Flight Attendants have hit a roadblock, with the rejection of a company proposal to immediately raise pay by 17%. This move by the union has brought the prospect of a strike closer, as the two parties continue to differ on major issues, such
The New York Stock Exchange experienced a technical issue on Monday, June 3, which caused A-class shares of Warren Buffet’s Berkshire Hathaway to appear to be down by almost 100%. This malfunction resulted in trading halts for Berkshire Hathaway, as well as Barrick Gold and Nuscale Power. Despite the quick resolution of the glitch and
EMJ Capital’s Eric Jackson recently spoke about the impressive rise of Nvidia’s stock, citing the rapid pace of its earnings growth. Despite reaching a new record, Jackson believes that Nvidia is still undervalued in the market. He emphasized that the company’s strong financial performance has not been fully priced in by investors yet. In contrast
Wolfe Research has identified a list of stocks that are prime targets for short sellers, a strategy that involves borrowing shares of a target stock, selling them on the open market, and hoping for the price to decline. The firm uses various screens to analyze factors such as valuation, earnings quality, capital allocation, and sentiment
Lululemon, a popular athletic apparel retailer, recently reported flat comparable sales in the Americas, its largest market. Despite beating Wall Street’s earnings estimates, the company only narrowly topped revenue expectations. The company’s full fiscal year guidance suggests that it is optimistic about conditions improving in the back half of the year. In the first fiscal
Boeing CEO Dave Calhoun is scheduled to testify before a Senate panel on June 18 in response to whistleblower allegations and concerns surrounding quality control at the company. This comes as Boeing continues to grapple with a safety crisis following the tragic crashes of its 737 Max planes in 2018 and 2019. Senator Richard Blumenthal