The current bull rally in the stock market has been largely driven by the technology sector, with companies like Nvidia seeing significant gains. However, according to Chief Market Strategist John Stoltzfus, this trend is expected to shift as the Federal Reserve cuts interest rates. Stoltzfus believes that smaller and mid-cap companies will benefit from lower
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Bitcoin has been experiencing a period of stagnation, with its price range stuck between $60,000 and $70,000 since March. Recent data from Coin Metrics shows a 10% decline in June, marking its worst month since April. Despite this, investors are hopeful for a turnaround in the coming months. Heading into July, investors are wary of
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After a steep drop in value, Bitcoin seems to have found a support level at $58,000, which is historically significant. The 200-day moving average also indicates a possible rebound. The increase in trading volumes suggests that there is still interest from buyers at these lower prices. While Bitcoin is currently trading below the 100-day and
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In a groundbreaking move, ApeChain, developed on behalf of the ApeCoin DAO, has integrated zkVerify, a zero-knowledge proof verification protocol created by Horizen Labs. This integration, set on ApeChain’s Jenkins Testnet, aims to elevate the efficiency and cost-effectiveness of zero-knowledge proof verification for Web3 games, particularly on the highly anticipated Arbitrum Orbit Chain. While zero-knowledge
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As the month came to a close in 2024, the municipal market appeared relatively calm, with minimal activity ahead of the Fourth of July holiday-shortened week. Despite a new-issue slate totaling a modest $240 million, there were significant developments to observe on the sidelines. Munis demonstrated resilience compared to U.S. Treasuries, holding steady while government
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The recent announcements from Nike have left Wall Street in a state of shock and uncertainty. After a lackluster fiscal year and a disappointing quarterly report, Nike CEO John Donahoe is facing criticism and doubt about his leadership. The company’s projected sales decline of 10% for the current quarter is far worse than anticipated, causing
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