Author: Anthony M. Orbison

Source: TradingView.com Palantir shares are likely to be in the spotlight on Monday after the Nasdaq announced late Friday that the analytics software provider had been added to the Nasdaq 100 Index. The stock has continued to trend sharply higher after breaking out from a cup and handle pattern, though the relative strength index cautions overbought conditions that could lead to near-term price fluctuations. The measuring principle, which calculates the percentage change to the cup and handle’s “cup” and adds it to the pattern’s top trendline value, projects a bullish price target of $140.07. Investors should watch key lower levels…

Investing.com – Australia stocks were lower after the close on Monday, as losses in the , and sectors led shares lower. At the close in Sydney, the lost 0.56% to hit a new 1-month low. The best performers of the session on the were Austal Ltd (ASX:), which rose 4.29% or 0.12 points to trade at 2.92 at the close. Meanwhile, Fisher & Paykel Healthcare Ltd (ASX:) added 3.78% or 1.26 points to end at 34.62 and Healius Ltd (ASX:) was up 2.18% or 0.03 points to 1.40 in late trade. The worst performers of the session were Appen Ltd…

Journalist Posted: December 16, 2024 Sui’s TVL recently hit an all-time high. Its native token’s price also set a new price record recently. Sui Network’s [SUI] decentralized finance (DeFi) landscape recently achieved a significant milestone in its total value locked (TVL). The surge in TVL highlighted the growing adoption and investment in SUI’s ecosystem, with Suilend and NAVI Lending emerging as key contributors. Analyzing SUI’s lending platform dominance AMBCrypto’s at the TVL chart underscored SUI’s exponential growth over the past year. It has consistently climbed from modest beginnings, reflecting heightened activity. Analysis of the TVL, per DefiLlama’s chart, showed that…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Revolut staff and early investors have offloaded almost $1bn of stock since August, after the fintech’s UK banking licence galvanised support from big financial institutions and secured it a $45bn valuation. The London-based group has twice extended its so-called secondary share sale, which first allowed only current employees to sell stock, to enable some of its early backers and former staff to cash in parts of their holdings. The sale, which launched a month after the award of Revolut’s long-awaited UK banking…

With the football season at its peak, sports fans cannot get enough NFL content, and the league is more than happy to grant its loyal followers’ wishes by providing them with nonstop NFL games and events. The National Football League (NFL) is the most lucrative sports league in the world, with an aggregated value of approximately $163 billion and an estimated annual revenue of over $20 billion.   Don’t miss the move: SIGN UP for TheStreet’s FREE daily newsletter  The football league is a for-profit trade association that distributes revenue among its 32 teams. However, the teams are not equally valued because various…

Dogecoin (DOGE) is currently trading at the $0.40 price range and is looking to level up in the charts. The meme coin reached a yearly high of $0.47 last month, attracting heavy bullish sentiments. Trump’s re-election kicked off a rally, doubling its price in less than a month. In addition, DOGE has soared nearly 350% in a year and is among the market’s top-performing digital assets.Now, the top meme coin is eyeing up a new surge heading into 2025 of nearly 85%, according to one analyst. A surge of that size would place Dogecoin at roughly $0.75, just a quarter…

By Yuka Obayashi TOKYO (Reuters) -Some Japanese aluminium buyers have agreed to pay a global producer a premium of $228 per metric ton over the benchmark price for shipments from January to March, up 30% from this quarter, two sources directly involved in the talks said. The fourth consecutive quarterly increase, the figure exceeds the $175 per ton paid in the quarter from October to December. It is also the highest premium since 2015, though slightly lower than the initial offers of $230-$260 made by producers. Japan is a major Asian importer of the light metal and the premiums for…

Investing.com– Most Asian stocks fell on Monday ahead of the U.S. Federal Reserve interest rate decision this week, while Chinese shares declined as weaker-than-expected retail sales data raised fresh concerns about the world’s second-largest economy’s recovery pace. The U.S. Fed is set to decide its key on Wednesday, where a 25 basis points cut is largely priced in. However, markets were cautious about the Fed’s long-term rate trajectory as inflation has remained a major concern. Chinese shares reverse course after retail sales data China’s  erased early gains to inch 0.1% lower, while the  index declined 0.4%. Hong Kong’s  index fell…

An on-chain analyst says deep-pocketed investors are loading up massive amounts of Cardano (ADA) and a top memecoin as the market went sideways for the past week. Analyst Ali Martinez tells his 98,800 followers on the social media platform X that crypto whales accumulated $85.6 million worth of ADA in a couple of days. “Cardano whales bought over 80 million ADA in 48 hours!” Source: Ali Martinez/X At time of writing, ADA is trading for $1.07. Martinez also says deep-pocketed investors snapped up $64 million worth of the large-cap memecoin Dogecoin (DOGE). “Whales bought another 160 million Dogecoin DOGE in…

China’s retail sales missed expectations in November, adding to pressure on policymakers as they seek to restore confidence in the world’s second-largest economy.Retail sales rose 3 per cent, below both analyst forecasts of 4.6 per cent and a 4.8 per cent rise in October. Industrial production in November rose 5.4 per cent, slightly above expectations.The data comes days after China held its annual Central Economic Work Conference, in which party leaders called for “vigorous” efforts to boost consumption.In the property sector, where a slowdown has posed a major challenge to policymakers, new home prices continued to decline, albeit at a…