The U.S. market is currently experiencing a wave of optimism, driven largely by the artificial intelligence boom led by companies like Nvidia. The first half of 2024 saw strong gains across all three major indexes, with the S & P 500, Nasdaq Composite, and Dow Jones Industrial Average all posting positive numbers. Traders are looking
Profit
Bank of America’s recommendation to buy shares of Viking, the luxury cruise company, may seem enticing at first glance, but upon closer inspection, it becomes evident that there are significant risks involved. While analyst Andrew Didora highlights Viking’s unique business model and high daily net per diems, he fails to address the potential challenges the
Bitcoin recently experienced a significant drop in value after surpassing the $71,000 mark, leading to a 14% decrease and falling below $60,000. Despite this, there is hope for a potential reversal in the near future as Bitcoin approaches the lower end of the sideways market channel. The $58,000 level has historically served as a strong
As Wall Street wraps up a strong first half, investors are reflecting on the market’s performance thus far. The S & P 500 has seen gains of roughly 15% in 2024, with the Dow Jones Industrial Average up 5% and the Nasdaq Composite leading the pack with a 20% gain. The rise of artificial intelligence
Southwest Airlines recently announced a reduction in its second-quarter revenue forecast, which resulted in a 4% decrease in its shares during premarket trading. The airline cited changing booking patterns as the main reason for the revision. Southwest now expects its revenue per available seat mile to decline between 4% and 4.5% in the second quarter,
The first half of the year has shown a 2.9% increase in U.S. auto sales compared to the previous year, but experts are cautious about maintaining this momentum through the year-end. The growth is expected to slow down in the next six months, with sales reaching approximately 15.7 million units, marking a modest 1.3% increase
The foreign exchange market is constantly in flux, with the U.S. dollar being one of the most influential currencies. The recent movements in the market have seen the dollar edge lower after reaching an eight-week high. The Dollar Index, which tracks the greenback against a basket of six other currencies, showed a 0.2% decrease, signaling
Target, the Minneapolis-based discount retailer, has made a significant move to enhance its online marketplace by partnering with Shopify. This collaboration aims to bring new and trendier brands to Target’s website, allowing smaller or up-and-coming businesses using the Shopify platform to join Target Plus, the retailer’s third-party marketplace. This strategic alliance is expected to benefit
The past week has seen a significant decline in the price of Bitcoin, falling 2.4% in the past 24 hours to $62,850.7. This downward trend can be attributed to concerns over U.S. interest rates and anticipation of key inflation data, which has kept traders biased towards the dollar. The strong dollar, nearing a two-month high,
Bitcoin miners have been actively selling their holdings following the halving effect, based on on-chain data. This continuous selling pressure is not showing any signs of abating, and it is feared that there may soon be very little Bitcoin left to be sold in the market. The halving event, which halves the block reward for