News

Welcome to our cryptocurrency news page! Here you will find the latest news, analytical articles, and updates from the world of cryptocurrencies. We strive to provide you with the most up-to-date and reliable information.

Key Events This Week: 1. Markets Closed For Labor Day - Monday 2. August ISM Manufacturing PMI data - Tuesday 3. July JOLTs Job Openings data - Wednesday 4. August ADP Nonfarm Employment data - Thursday 5. Initial Jobless Claims data - Thursday 6. August Jobs Report -…
news Twitter - kobeissiletter ADP
a year ago
Big tech capital expenditures are massive: Magnificent 7 capital expenditures hit ~$44 billion in Q2 2024, the highest level on record. This is a ~25% jump from the $35 billion seen in the previous quarter and a 47% surge compared to Q2 2023. Most of this spending was driven…
news Twitter - kobeissiletter
a year ago
BREAKING: The US Pending Home Sales Index fell 5.5% month-over-month in July to its lowest level on record. The index of contract signings for existing homes dropped to 70.2, coming in below all expectations. Sales fell in all four US regions, with the largest drops in the…
news Twitter - kobeissiletter
a year ago
Retail is very bullish of Nvidia: Retail investor purchases of Nvidia stock, $NVDA, hit $5.9 billion over the last month, the most on record. Purchases have more than DOUBLED in just 5 weeks, according to Vanda Research data. Since May, retail's 1-month buying sum of $NVDA has…
news Twitter - kobeissiletter
a year ago
Elon Musk has endorsed the bill, stating it’s “a tough call” but necessary. With the rate of innovate and advancement of AI, many are afraid it is getting too powerful. This bill is an attempt to limit that. Follow us @KobeissiLetter for real time analysis as this develops.
news Twitter - kobeissiletter
a year ago
BREAKING: Prediction market implied odds of California passing an AI safety bill are up to 57%, according to Polymarket. The bill mandates safety testing for AI models which would cost over $100 million. Many major tech firms, including Alphabet and Microsoft, have opposed the…
news Twitter - kobeissiletter
a year ago
JUST IN: The typical homebuyer’s down payment rose 14.8% year-over-year in June to $67,500, a new record. This is up from $58,788 in the previous year and the 12 straight monthly increase, according to Redfin. This is also more than DOUBLE the pre-pandemic average of ~$30,000.…
news Twitter - kobeissiletter
a year ago
We continue to see all inflation data move in the right direction. However, we also believe a 50 bps rate cut is too aggressive. We expect a 25 bps rate cut at the September Fed meeting. Follow us @KobeissiLetter for real time analysis as this develops.
news Twitter - kobeissiletter
a year ago
BREAKING: July PCE inflation, the Fed's preferred inflation measure, was 2.5%, BELOW expectations of 2.6%. Core PCE inflation was 2.6%, BELOW expectations of 2.7%. Both headline and core PCE inflation were flat compared to June. A September rate cut is on the way.
news Twitter - kobeissiletter
a year ago