Blockchain Bulletin

  Tech sell-off, cyber outages cap a choppy week for world markets LONDON (Reuters) -World stocks pulled back from record highs on Friday as investors continued to rotate away from megacap growth stocks, while a global cyber outage hit services from airlines to banks and financial services and capped a turbulent week for markets. A tech sell-off sparked by Sino-U.S. trade tensions, doubts over U.S. President Joe Biden's fate in the presidential race and growing chances of a win for rival  Donald Trump Donald Trump , weak Chinese economic data and a lacklustre third plenum outcome have cast a shadow over the global mood. U.S. stock index futures fell, indicating more pain on Wall Street after all three major stock indices suffered losses on Thursday. European stocks were broadly lower, while in Asia tech stocks continued to struggle. MSCI's world stock index fell to a two-week low, retreating further from a record high hit earlier this month. "The changing probability of a ...

  Dollar set for weekly gain, cyber outage unnerves investors LONDON, July 19 (Reuters)  - The dollar rose in jittery trading on Friday, as a worldwide cyber outage that hit banks, airlines and broadcasters unsettled investors, although volatility in the currency market remained contained. Signs of disruption in one of the world's busiest financial centres emerged as London trade got underwa y.  LSEG Group   LSEG.L , which runs the London Stock Exchange, suffered an outage that affected user access to some of its products. Risk appetite has recoiled this week, punishing technology stocks in particular, while  expectations for a rate cut as early as September from the Federal Reserve ha ve  taken a chunk out of the dollar, especially against low-interest rate currencies such as the yen and the Swiss franc. The huge gap between U.S. rates and those in Japan and even in Switzerland has created an opportunity for investors to sell those currencies to fund purch...

  These Stocks Are Moving the Most Today: CrowdStrike, Microsoft, Netflix, Amex, Intuitive Surgical, Plug Power, SLB, and More Stock futures were down modestly Friday   after the   Dow Jones Industrial Average   fell more than 500 points and snapped a six-session winning streak, while the   Nasdaq Composite   dropped 0.7%, extending declines after the index fell steeply on Wednesday. A   global IT outage   was rattling stock markets.     

  Netflix, Trump nomination, outages - what's moving markets Investing.com -- Netflix will be in the spotlight Friday, after the streaming giant beat expectations of net subscriber additions but issued a cautious revenue guidance. Donald Trump accepted the Republican Party presidential nomination, while Wall Street looks set to end the week lower with a sectorial rotation under way.  1. Netflix net adds ahead, revenue guidance cautious Netflix’s third-quarter revenue guidance fell short of expectations, even as the streaming giant reported better-than-expected second-quarter results amid blowout subscriber additions, driven by a strong content slate and an ongoing crackdown on password sharing. The mixed nature of these results, released after the market close Thursday, has resulted in Netflix (NASDAQ: NFLX ) stock trading largely unchanged premarket Friday. The stock has surged nearly a third so far this year. Netflix reported second-quarter earnings of $4.88 a share on reve...

Is Shiba Inu’s Shytoshi Kusama Elon Musk? The Shiba Inu [SHIB] ecosystem has been thriving since its inception. The network saw immense growth in price, user base as well as partnerships. While several called out meme coins for their lack of utility, SHIB was boosting its real-life use cases. Amidst this success, the people behind the network remain masked, quite literally. The market does not know who Ryoshi, the anonymous founder of SHIB, or its lead developer Shytoshi Kusama Several conjectures about the identity of Shytoshi Kusama started to surface. A popular choice was Elon Musk, the billionaire behind Tesla. Musk has time and again asserted his inclination towards Dogecoin [DOGE]. As a result, the community wasn’t surprised that Musk would opt to support another canine-inspired meme coin.    Read more

 MAGA Price Prediction 2024: TRUMP Price Analysis KEY TAKEAWAYS MAGA stands for “Make America Great Again” and it’s the biggest memecoin linked to Donald Trump. Its TRUMP token debuted on the public market in August 2023 and made headlines after a gunfire attack in Pennsylvania. One MAGA price prediction says TRUMP can reach $0.0843 by 2025. After Donald Trump secured the Republican Party’s US Presidential nomination and survived an assassination attempt in Pennsylvania, traders’ eyes turned to memecoins linked to the former president. MAGA is the biggest of a range of  Trump-linked tokens  by market capitalization and its TRUMP token notably increased after since its launch in August 2023. On July 16, 2024, TRUMP was worth $7.96. MAGA did not respond to a request for comment. Let’s take a look at our MAGA price predictions, made on July 16, 2024. We will also examine the MAGA price history and talk a little about what MAGA is and what it does. MAGA Price Prediction Let’s...

Global Financial Wealth Trends: India Generates Largest-Ever $590 Billion In 2023, Check Full Report Now Global net wealth staged a significant recovery of 4.3% in 2023, after a difficult year in 2022. Much of the growth was due to a rebound in the financial market, as financial wealth—a subset of global net wealth—rose by almost 7%, following a 4% decline in 2022. Over the next five years, an estimated $92 trillion of financial wealth will be created, according to a new report. This does not alleviate the pressure on wealth managers, who have seen their margins decrease significantly since 2007. Industry players can no longer rely exclusively on revenues from interest income, and they face rising costs due to inflation, operational inefficiencies, and tightening regulatory requirements. Financial wealth represents that of the total adult resident population, collected by market and by asset class from central banks or equivalent institutions, based on the global System of National Acc...

  Nasdaq futures rise as benchmark tries to rebound from worst day since 2022: Live updates Nasdaq 100 futures  advanced on Thursday morning, as technology shares looked to rebound after the  Nasdaq Composite ’s worst session since 2022. Futures tied to the Nasdaq 100 climbed 0.8%, while  S&P 500 futures  advanced 0.3%.  Dow Jones Industrial Average futures  slipped 101 points, or 0.2%. Discover Financial  popped 3% after its second-quarter results topped expectations.  Beyond Meat  tumbled about 12.5% after  The Wall Street Journal reported,  citing people familiar, that the meat substitute company is meeting with bondholders to begin discussions about restructuring its balance sheet. Those moves come after the Nasdaq Composite tumbled 2.8% in its worst day since December 2022, closing below 18,000 for the first time since July 1. Nasdaq 100 futures The  S&P 500  dropped 1.4%, hurt largely by tech names in t...

July 2024 Insight Into UK Growth Companies With High Insider Ownership Source: Shutterstock The United Kingdom market has shown resilience with a 7.6% increase over the past year, despite remaining flat in the last week. Companies with high insider ownership often reflect a strong commitment by those closest to the business, which can be particularly appealing in a market where earnings are expected to grow annually by 13%                  . read more   

  Stock Market Today: Semis Get Slammed and Blue Chips Bounce The potential for more curbs on tech sales to China set off a rotation into blue chips. When you purchase through links on our site, we may earn an affiliate commission.  Here’s how it works . (Image credit: Getty Images Stocks closed mixed as blue chips hit another record high but tech names tumbled on the potential for tighter U.S. restrictions on chip sales to China.   The U.S. presidential campaign season is already sending shockwaves through capital markets, notes José Torres, senior economist at  Interactive Brokers .  "Semiconductor shares are getting hammered on news that Trump isn't happy with the technology sector's warmth toward Beijing," Torres writes in a note to clients. "Meanwhile, President Biden is rushing to potentially implement the harshest of penalties to chip firms that trade with China to toughen up on the geopolitical front and possibly shore up his dwindling odds of reele...

  Stock market news today: S&P 500, Nasdaq slide as China curb risk rattles techs US stocks were mixed as techs came under dual pressure from worries about US export curbs on China and Donald Trump's stance on Taiwan. The Dow Jones Industrial Average ( ^DJI ) rose about 0.4%. The S&P 500 (^GSPC) fell more than 1%, while the tech-heavy Nasdaq Composite (^IXIC) dropped more than 2.3%. Stocks are pulling back as concerns about  risks to tech names   eclipse the  high hopes for interest-rate cuts  that have  fueled the rally  in recent days. Those worries weighed on heavyweights whose AI-fueled gains have helped   propel the S&P 500 to fresh record highs this year , with chipmaker Nvidia (NVDA) down about nearly 4% in early trading. The Biden administration  Read more