Markets taking a breather on key momentum trades/area #NVDA and #SMH (biggest insider selling week, momentum, Apple Ai news important too) and #BTC similar reasons >>> clear rotation out of chips into financials and others, NVDA to $90 area? chart below
Nvidia has lost more than $400-500 bn in market valuation in the past three trading sessions. Those losses are greater than the market cap of companies including Johnson & Johnson, Home Depot, Merck, Bank of America and Netflix
Latest in France : Le Pen Party Has 36%, Macron Group Has 20.5%, Alliance of left-wing parties would get 29.5%: Ifop Poll
Brussels accuses Apple of breaking EU competition rules. Tech giant faces penalty of up to 10% of global annual revenue, this matter together with Ai news y'day
US banks' construction loan delinquencies hit highest level in at least 3 years
Mt.Gox has revealed its plans to start reimbursing its users Bitcoin according to an update shared by the platforms’ Rehabilitation Trustee >>> to put it in perspective that's about 50% of recent inflows gone in one shot #BTC
#BTC Bitcoin dropped below its 50-day moving average, Bitcoin drops by 3.5% as German government sells off $325 million BTC
Singapore and, in particular, Hong Kong are increasingly overtaking Switzerland as a financial hub. The extent of the Asians' determination has become evident in recent days in the banking strongholds of Zurich and Geneva.
U.S. officials trying to prevent a bigger Middle East war are issuing an unusual warning to Hezbollah: Don’t assume that Washington can stop Israel from attacking you
FDIC warns that 63 Banks have been added to the “Problem List”
Cocoa posts one of the largest decline in 40 years. Choccy back on the menu
Chinese Car Prices are falling at the fastest speed since data began being recorded in 2002
Gold could hit $3,000 by the end of 2025 says Bank of America
David Rosenberg on X: "The Bank of America announced their expectations of Gold surpassing the $3000 mark, something my team here at Rosenberg Research predicted and published a detailed special report on just a couple of months ago: "Why Gold is Glittering and Why is it headed for $3000 (or Higher)". https://t.co/ZVQRuBJamQ" / X (twitter.com)
US banks' construction loan delinquencies hit highest level in at least 3 years | S&P Global Market Intelligence (spglobal.com)
Chinese network laundered millions for Sinaloa cartel, prosecutors say - Los Angeles Times (latimes.com)
Strewth! this was wild
Utilizing castor oil produced in arid regions of Africa as a source of Sustainable Aviation Fuel (SAF) presents a promising pathway for decarbonizing jet fuel. Unlike corn ethanol, castor oil does not compete with food production, and the current availability of waste vegetable oils is inadequate to meet more than the EU's 2% SAF requirement in jet fuel starting from January 1, 2025
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