What can quarterly earnings tell us about the economy?
Quarterly earnings season is here. Reports from big banks can give us a window into both the health of consumers and that of the broader economy. But banking isn’t the only sector offering hints in its quarterly results write-ups and calls.
This week we’ll hear from airlines, entertainment companies and leaders in the AI chipmaking space.
» Read more about: What can quarterly earnings tell us about the economy? »
Read MoreNew travel data set to take temperature of the economy, ASX set to open higher on strong US lead
Market snapshot
ASX 200: +0.8% to 8,318 points (live numbers below)
Australian dollar: -0.3% at 67.05 US cents
S&P 500: +0.8% to 5,859 points
Nasdaq: +0.9% to 18,502 points
FTSE 100: +0.5% to 8,292 points
EuroStoxx 50: +0.7% to 5,041points
Brent crude: -3.8% at $US74.52/barrel
Spot gold: -0.4% to $US2,640/ounce
Iron ore: -0.2% to $US107.15/tonne
Bitcoin: -0.8% to $US65,389
Prices current around 4:25pm AEDT.
Fantom price poised for a rally as on-chain data shows bullish bias
- Fantom price is nearing its key resistance level at $0.746; a firm close above it could continue the rally.
- On-chain data paints a bullish picture, as FTM’s Exchange Flow Balance shows a negative spike and fees collected are the highest since November 2023.
- A daily candlestick close below $0.642 would invalidate the bullish thesis.
» Read more about: Fantom price poised for a rally as on-chain data shows bullish bias »
Read MoreU.S. Tech Companies To Invest $8.2 Billion In U.K. Data Centers
Oct 11, 2024,06:30am EDT
How A Taiwanese Immigrant Became A Multibillionaire Supplying America With Plastic Pipes“,”scope”:{“topStory”:{“index”:1,”title”:”How A Taiwanese Immigrant Became A Multibillionaire Supplying America With Plastic Pipes”,”image”:”https://specials-images.forbesimg.com/imageserve/66f6ec783cad23a5acc6a2b5/0x0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Oct 11, 2024″,”hourMinute”:”06:30″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1728642600000},”uri”:”https://www.forbes.com/sites/lindseychoo/2024/10/11/how-a-taiwanese-immigrant-became-a-multibillionaire-supplying-america-with-plastic-pipes/”}},”id”:”m8bi4f33rodk0″},{“textContent”:”
Oct 14, 2024,02:12pm EDT
SoFi Stock Could Hit $15 After $2 Billion Fortress Loan Pact“,”scope”:{“topStory”:{“index”:2,”title”:”SoFi Stock Could Hit $15 After $2 Billion Fortress Loan Pact”,”image”:”https://specials-images.forbesimg.com/imageserve/622084b7d29af6bbb952f3e8/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Oct 14,
» Read more about: U.S. Tech Companies To Invest $8.2 Billion In U.K. Data Centers »
Read More“Invest in Full EV”: Man Says CNG Isn't Great Energy Solution for Nigeria, Explains Why
- A Nigerian man has shared his thoughts on the trending alternative to petrol, the compressed natural gas (CNG)
- He said Nigeria lacks the needed infrastructure to move the CNG around, and as such, it is not a great energy solution
- He rated the electric vehicle (EV) above CNG-powered vehicles and endorsed it as a good long-term solution instead
A man,
Read MoreThe Burst
The Ivy
Forget Rentals, Buy These 2 Hot REITs
Rental properties are a lot of work. Leaky plumbing is just the beginning. Tenants calling at all hours, damage to property, managing timely rent payments, and arranging utility bills are all par for the course.
The upside is earned income from rentals are classified as passive income from the IRS. Though, if you’ve been down in the trenches managing rental properties,
» Read more about: Forget Rentals, Buy These 2 Hot REITs »
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