US Bitcoin ETFs See Record Outflows as Crypto Investors Face Election Day Uncertainty
Bitcoin-focused exchange-traded funds (ETFs) in the US saw significant outflows on Monday (November 4) as cryptocurrency market participants prepared for election-related uncertainty. In total, a group of 12 American Bitcoin ETFs tracked by Bloomberg saw outflows of US$579.5 million that day. According to the news outlet, that’s the highest daily net outflow number seen to…
Oil and Gas Price Update: Q3 2024 in Review
The oil market faced volatility throughout the third quarter as increased supply and weak demand forced Brent and West Texas Intermediate (WTI) crude prices to contract over the three month session. On the demand side, major economy China is facing lower manufacturing activity and a prolonged real estate downturn. At the same time, non-OPEC+ countries,…
Fox News projects Donald Trump defeats Kamala Harris to become 47th president of the United States
The Fox News Decision Desk projects former President Trump has defeated Vice President Kamala Harris in a stunning victory, delivering him a second term in the White House after a historic election cycle filled with unprecedented twists and turns and two attempts on his life. Trump defeated Vice President Harris, who entered this race just…
The Hitchhiker’s Guide to the meaning of a Republican Senate – and What’s Ahead for the House
With the Senate flipping to the GOP column, it’s unclear how many Republicans they’ll have. But they could have well over 50 votes. But they won’t have 60 yeas to crack a filibuster. That could mean a pressure campaign to eliminate the filibuster. Here’s the other dynamic: Democrats are holding the seats they need to…
Oil Rally Resumes Amid Gap Up; Gas Faces Trendline Rejection
Overall Analysis Oil gets back in a bull rally with a gap up after the previous session breakdown. Oil continues to rally towards the upside. Natural Gas continues its rally downside, and Major rejection from the trendline stays intact. Oil Chart Analysis Oil/USD 15-Minute Chart (Source: TradingView) On the 1st Nov 2024 trading session, oil…
Blackstone’s Stock: Wealth Assets Reach $250B
Blackstone’s stock is a one-off stock that has gained a boost from the company’s European growth in its private wealth division and its plans to expand to at least two other markets next year. This growth makes it a promising investment avenue for investors. Blackstone permits the giving of wealth products to customers, which only…
Joe Cavatoni: Gold Demand Hits Q3 Record, Western ETF Buyers Back in Action
Referring to the World Gold Council’s latest report, he highlighted the return of western exchange-traded fund investors. With interest rates on the decline and geopolitical turmoil still strong, they’ve been more eager to buy. ‘Overall holdings of gold in investment portfolios has been stable, but actually adding to gold allocations has required that opportunity cost,…
Top 10 Iron Ore-producing Countries (Updated 2024)
Iron ore prices have displayed volatility in the past few years as the world has dealt with the economic uncertainty surrounding COVID-19 lockdowns, the Russia-Ukraine war and rising levels of inflation. Prices for the base metal reached a record high of over US$220 per metric ton (MT) in May 2021, but it wasn’t long before…
Trump, Harris focus on the future of America in closing ads of 2024 presidential campaigns
Vice President Harris and former President Trump dropped the last ads of their 2024 presidential campaigns — both focusing their final pitch to voters on the ‘people.’ Harris’s ad focused on issues and a new generation of leadership, while Trump partnered with several of his most prominent teammates, such as Robert F. Kennedy Jr. and…
Russia remains ‘active threat’ in influencing 2024 election, likely to focus on swing states: U.S. officials
American intelligence officials released a recent statement warning about Russian actors conducting ‘additional influence operations’ to impact the upcoming election on Tuesday. The Office of the Director of National Intelligence (ODNI) published the latest update on its website on Monday evening. Speaking on behalf of the Federal Bureau of Investigation (FBI) and the Cybersecurity and…