Goldman Sachs recently announced that it exceeded profit and revenue expectations for the second quarter of the year. The company reported earnings of $8.62 per share, compared to the estimated $8.34 per share by LSEG. Additionally, revenue came in at $12.73 billion, surpassing the estimated $12.46 billion. The second-quarter profit for Goldman Sachs saw a
The North Carolina Local Government Commission recently declined to approve Cabarrus County’s bond requests totaling $228 million. This decision came as a surprise, especially considering that the panel’s staff had recommended approval. However, some members of the commission raised concerns about the county’s use of bond anticipation notes and questioned whether the bonds should undergo
After the recent attempted assassination of former U.S. President Donald Trump, the U.S. dollar initially gained ground alongside the benchmark 10-year Treasury yield. However, the currency market quickly stabilized as investors awaited comments from Federal Reserve Chair Jerome Powell. The Dollar Index, which tracks the greenback against a basket of six other currencies, traded largely
Recent data reveals that Bitcoin whales have taken advantage of a recent dip in the BTC price to significantly increase their holdings. The Large Holders Netflow metric, which monitors the activity of investors holding more than 0.1% of the total Bitcoin supply, shows a substantial accumulation by these large players. This accumulation of over 70,000
The recent surge in the price of Bitcoin to the $60,000 mark has reignited interest in the cryptocurrency space. Michael Saylor, the chairman and co-founder of MicroStrategy, made a bold statement declaring that “Bitcoin is the bridge from chaos to hope.” This sentiment has resonated with many in the crypto community, especially in the face
The upcoming earnings season is set to kick off with some major U.S. banks and companies scheduled to report their second-quarter results. Among these companies are industry giants such as Goldman Sachs, Morgan Stanley, Bank of America, and Netflix. Expectations for this reporting period are running high, with analysts predicting an 8.8% increase in S&P
Investors are always on the lookout for dividend-paying stocks that can enhance their portfolio returns and provide stability in uncertain markets. One way to identify such stocks is by tracking Wall Street analysts’ ratings. According to TipRanks, a platform that evaluates analysts based on their past performance, there are three dividend stocks that stand out
Bill Ackman, the founder of Pershing Square, credits Warren Buffett as one of his main inspirations in building his 20-year-old hedge fund management company. Ackman mentioned that he discovered Buffett’s writings in his early 20s and was particularly intrigued by the unusual career path of the legendary investor. This discovery led Ackman to delve deeper
Bitcoin’s potential for another impressive surge is becoming more evident as the market experiences an increase in an important technical indicator. This indicator, along with other factors, could strengthen the value of the digital gold that is Bitcoin. A significant market rotation occurred recently, with the Russell 2000 Index (IWM) surging by over 3% while
As the U.S. presidential election looms closer, many professional investors are emphasizing the importance of diversification in their portfolios. Mike Bailey from FBB Capital Partners believes that the outcome of the election, particularly in terms of tax policy, could have a significant impact on the equity markets. If former President Donald Trump were to win,