It was the brilliant and obsessive Steve Jobs - a tech visionary almost without peer - that built Apple into the technology giant it is today.   Innovation was at the heart of Jobs’ Apple. Across his career he would spin out hit after hit, from the Macintosh home computer, the...

#SEC_Crypto #OilSupplyCut #AusRateHike  Topic #1: SEC sues Binance and Coinbase Coinbase price chart (Source: Google Finance) The US Securities and Exchange Commission (SEC) has launched lawsuits against two major cryptocurrency exchanges, Binance and Coinbase, alleging various forms of misconduct. Bitcoin, the leading cryptocurrency, experienced a 6% drop in value upon the announcement,...

#EuropeInflation #DebtCeiling #AlibabaChatBot Topic #1: Inflation in Europe drops to lowest level since February 2022 Inflation rates in Europe (Source: TRADINGECONOMICS.COM) What happened? Inflation in Europe has reached its slowest pace since the Russian invasion of Ukraine. According to the initial estimate from the European Union's statistics agency, consumer prices in the eurozone...

Debt Ceiling Deal - US avoids first ever government debt default US President Joe Biden and Republican House Speaker Kevin Mccarthy reached a last minute agreement on Sunday, 28th May to raise the US debt ceiling. The deal suspends the $31.4 trillion debt ceiling until Jan. 1, 2025, allowing the...

#AIEffect #SingaporeGrowth #USJoblessClaims Topic #1: The AI Effect on S&P500 S&P500 with and without AI Stocks (Till March 17) (Source: Societe Generale) While the S&P 500 appears to owe its gains this year to the success of Apple and other tech giants, a closer look reveals that without the emergence of artificial...

Was Nvidia’s Q1 results an inflection point for the company?  To be sure it was a blowout quarter, with the chipmaker reporting beats on the top and bottom lines, as well as guiding for Q2 revenue significantly ahead of prior expectations.  Nvidia Share Price Surges Investors responded incredibly bullishly to the release...

#ChinaProduction #Newmont_Newcrest #SIA_Results Topic #1: China’s economic data misses expectation China Industrial Production (Source: TRADINGECONOMICS.COM) What happened? China's economic data for April fell short of expectations, highlighting the country's uneven path to recovery from the impact of stringent Covid-19 restrictions. Industrial production in April grew by 5.6% year-on-year, lower than the 10.9% predicted...

#USInflation #BNBResults #AusSurplus Topic #1: US Inflation slips to the lowest level since 2021 US monthly inflation levels What happened? Inflation in the United States has slowed to its lowest rate in two years, according to the Consumer Price Index (CPI). The CPI index, which measures the cost of a basket of goods...

#RateHike #AppleResults #FirstRepublicBank Topic #1: Fed increases rates by another 25 bps Fed interest rate decision chart with actual and forecasted values What happened? The US Federal Reserve has raised interest rates by 0.25 percentage points, marking its 10th consecutive increase since March 2022. However, it also indicated that it may pause further...

#TechEarnings #USGDP #PropertyTaxes Topic #1: Tech Earnings beat expectations Meta, Alphabet and Amazon price chart (Source: Google Finance) On Thursday, strong quarterly results from tech giants Facebook parent Meta Platforms Inc, Alphabet Inc, and e-commerce giant Amazon.com Inc led a rally on Wall Street. The S&P 500 Communication Services Index saw its...