An AI-driven bubble is forming in Oracle’s NYSE: ORCL shares, which is only getting bigger. The FQ4 release highlights a supply-demand situation in which demand outpaces supply, and Oracle invests to meet the need. Demand and budding partnerships with major cloud providers such as Microsoft NASDAQ: MSFT and Google NASDAQ: GOOG are elevating this company…
Doggy AI (DOGYAI) has swiftly accumulated over $101,000 in its presale shortly after launch, and the DOGYAI team sees this as an encouraging start in the meme coin market. Built on the Ethereum blockchain, Doggy AI combines meme culture with advanced AI technology. It aims to attract a broad community by offering daily staking rewards,…
COPENHAGEN (Reuters) – U.S. electric vehicle manufacturer Tesla (NASDAQ:) has been reported to police in Sweden accused of performing electrical installation work without the necessary registration, the Swedish Electricians’ Union said on Wednesday. There are already tense relations between Tesla and unions in Sweden, where the company has faced prolonged industrial action and its mechanics…
June S&P E-mini futures: Inflation is coming down and the Fed is unlikely to tighten any more. My long-standing 5400 target has been reached but may well prove too conservative. The 6000 level seems a better bet by the end of the year. QQQ: Support is 445. Next resistance is 466. TNX (ten year…
RippleX, the development wing of Ripple Labs, has unveiled a major update to the XRPL EVM sidechain, facilitating Ethereum Virtual Machine (EVM) compatibility with the XRP Ledger (XRPL). This major development is set to enhance interoperability and open up new avenues for decentralized finance (DeFi) and real-world asset (RWA) tokenization on XRPL. Ripple Partners With…
by Calculated Risk on 6/12/2024 08:50:00 AM Here are a few measures of inflation: The first graph is the one Fed Chair Powell had mentioned when services less rent of shelter was up around 8% year-over-year. This declined, but has turned up recently, and is now up 5.0% YoY. Click on graph for larger image….
Yesterday’s Mega Movers: Things went pretty well for us on Tuesday, despite not achieving a clean sweep of our board. In our premarket report we had a pair of ideas with weekly expirations, as well as a set expiring next week. The weekly plays were definitely where the action was, and two out of three isn’t half bad….
Andrew Tate, an influencer and former kickboxer who has recently been accused of human trafficking, announced on X that he had burned over $10 million worth of Solana-based TOPG tokens. Tate received over 580 million TOPG tokens as a donation from an unnamed source. He stated that his intention behind burning the tokens was to…
by Calculated Risk on 6/12/2024 08:30:00 AM From the BLS: The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in May on a seasonally adjusted basis, after rising 0.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.3 percent before…
Key Points Dow Jones, S&P 500, and Nasdaq 100 futures each saw a 0.1% rise as investors awaited the Fed’s rate decision and May’s inflation data. Oracle’s stock surged 9% on new cloud partnerships with Google and OpenAI, despite missing earnings expectations. Apple’s AI announcements lifted the S&P 500 and Nasdaq to record highs, though…