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The billionaire seeks people for a trip around the moon

Odysseus’ 2024 Moon Landing: Pioneering Private Lunar Missions

Leave a Comment / Technology / By Chloe Wilson

Quick Look Intuitive Machines’ Nova-C lander, Odysseus, achieved the first private and American soft lunar landing since 1972 on February 22. Innovative solutions helped to overcome the technical challenges, including laser rangefinder issues, ensuring the mission’s success. The mission, part of NASA’s CLPS program, carried significant payloads from both NASA and non-NASA entities. Previous attempts …

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U.S. Economy Grows: 2% GDP & Key Market Surges

Leave a Comment / Economy / By Chloe Wilson

Quick Look The S&P Global composite index indicates a slight economic expansion in February, with manufacturing output at a ten-month high. GDP growth is projected at 2% annually, signalling continued economic expansion. Fed officials highlight optimism and caution, pointing to geopolitical risks and inflation concerns. Mortgage rates have reached a new high since mid-December, potentially …

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EUR/USD - Ahead Of The US CPI Release, The Dollar Rises On High Yields

US Dollar Dips Below 104, PMIs & Fed’s View in Focus

Leave a Comment / Forex / By Chloe Wilson

Quick Look The US Dollar dips below 104.00 as risk sentiment improves, influenced by optimistic market events. Upcoming PMIs across major economies set to impact market dynamics. Federal Reserve’s January meeting minutes caution against premature policy easing. Currency movements see EUR/USD and GBP/USD gains, with notable shifts in commodity currencies. Market eyes on Nvidia’s earnings …

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Swiss Valcambi suspected of acquiring gold of dubious origin

Commodity Market: Oil Up 7.2M Barrels, Gold to Rise 6%

Leave a Comment / Commodities / By Chloe Wilson

Quick Look U.S. crude oil inventories surged by 7.2 million barrels, exceeding expectations. Brent crude traded above $83/barrel, with significant movements in oil and gasoline stocks. The global zinc market ended with a surplus, while lead reported a surplus in production over consumption. The gold price forecast anticipates a 6% increase over the next 12 …

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Tech Leads: Nvidia’s $277B Surge & Market Highs

Leave a Comment / Stock Markets / By Chloe Wilson

Quick Look Dow Jones and S&P 500 futures show modest gains, while Nasdaq 100 futures hold steady. After-hours trading sees Block and Carvana stocks soar thanks to robust quarterly performances. Nvidia’s rally leads to a significant market upturn, with major indices marking their best sessions in months. Warner Bros Discovery and Bloomin’ Brands are among …

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Musk Calms Investors Despite Negative Cash Flow

Neuralink’s First Successful Human Chip Implant

Leave a Comment / Technology / By Chloe Wilson

Quick Look Neuralink received FDA approval for human trials in 2024, marking a significant milestone in brain-computer interface technology. The first human trial participant successfully had a Neuralink chip implanted in January 2024. The device shows potential in controlling a computer mouse through thought. Elon Musk announced Neuralink’s first product, “Telepathy,” enhancing prospects for treating …

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Eurozone’s PMI at 48.9: Signs of Economic Resilience

Leave a Comment / Economy / By Chloe Wilson

Quick Look Eurozone’s composite PMI rose to 48.9 in February, hinting at a less severe economic downturn. France and Germany’s PMI figures reflect ongoing economic contractions, with France showing slight improvement. Manufacturing output continues to decline, while service sector inflation raises concerns. Germany faces a technical recession, with growth forecasts significantly cut. Upcoming economic data …

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With the cryptocurrency market's rise, Saxo's crypto offerings have increased in demand.

Forex Review: EUR/USD, GBP/USD, USD/CAD

Leave a Comment / Forex / By Chloe Wilson

Quick Look EUR/USD gains traction, trading above the 55-day EMA with an upside bias. USD/CAD exhibits neutral intraday bias, with range trading in focus. GBP/USD remains neutral, with the potential for a breakout or breakdown. Key economic indicators and the Federal Reserve’s policy meeting influence market dynamics. USD performance varies, showing weakness against the New …

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Metallurgical Coal Price Rockets 40.3% to $315/Ton

Leave a Comment / Commodities / By Chloe Wilson

Quick Look Australian metallurgical coal price leaps to $315 per metric ton, marking a 40.3% increase from its 2023 low. India and China exhibit robust import growth, contributing to a dynamic global demand. Australia dominates the global supply, with exports reaching near-record levels in February. The metallurgical coal market faces challenges from environmental concerns and …

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Wibest – Asian Market: The Nikkei Stock Average with red down arrow.

Nikkei Hits Record; Nvidia AI Revenue Soars 265%

Leave a Comment / Stock Markets / By Chloe Wilson

Quick Look S&P 500 futures see a 0.75% rise, with Nasdaq 100 futures up by 1.48%. Nvidia’s shares soared 9% after-hours, backed by a 265% surge in revenue from its AI business. The Nikkei 225 index hits a record high, marking a significant turnaround from decades of stagnation. Federal Reserve’s cautious stance on rate cuts …

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Microsoft’s $69B Activision Buy Redefines Console Wars

Leave a Comment / Technology / By Chloe Wilson

Quick Look Microsoft acquires Activision Blizzard for $69 billion, marking a significant shift in console war dynamics. Sony responds with the acquisition of Bungie, intensifying the battle for top developers. Microsoft’s revenue in the personal computing segment, including Xbox, surged by 19% to $16.89 billion in Q4 2023. Microsoft announces the end of certain Xbox …

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2024 Global Oil Market: A Dynamic Outlook

Leave a Comment / Commodities / By Chloe Wilson

Quick Look Standard Chartered forecasts a significant call on OPEC at 1.8 million barrels per day. OPEC Secretariat estimates even higher at 2.7 million barrels. On-land inventory levels have dropped to their lowest since 2016, indicating tightening market conditions. The U.S. oil data index reveals a close balance between bullish and bearish readings, signalling market …

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Hong Kong’s $27M Investment Scheme Targets Global Wealth

Leave a Comment / Economy / By Chloe Wilson

Quick Look Hong Kong introduces a revised Capital Investment Entrant Scheme (CIES). It is targeting individuals, with a minimum investment threshold set at HK$27 million. The scheme aims to reinforce Hong Kong’s status as Asia’s leading financial hub. Leveraging the fast-growing wealth in the Greater Bay Area (GBA). Over 9,000 businesses with overseas/China parent companies …

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Markets Wobble: Nasdaq Dips 0.2%, Tech Tumbles

Leave a Comment / Stock Markets / By Chloe Wilson

Quick Look Nasdaq 100 futures dipped by 0.2%, signalling a cautious market sentiment. Significant after-hours movements: Palo Alto Networks plummets by 20%, SolarEdge Technologies falls by over 10%. Nvidia’s 4% slump raises concerns over tech sector valuations. Anticipation for the Federal Reserve’s January meeting minutes and a lineup of earnings announcements. Asian markets show mixed …

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Commodities: Gold and Oil Amidst Rate and Tension Dynamics

Leave a Comment / Commodities / By Chloe Wilson

Quick Overview Gold’s value remains above $2,000/oz amid anticipation of the Federal Reserve’s interest rate decisions. A decrease in gold ETF holdings by 1 million oz suggests waning expectations for imminent rate reductions. Crude oil prices stay steady, with a cautious eye on developments in the Middle East. Notable declines in Indian imports of crude …

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News

Odysseus’ 2024 Moon Landing: Pioneering Private Lunar Missions

U.S. Economy Grows: 2% GDP & Key Market Surges

US Dollar Dips Below 104, PMIs & Fed’s View in Focus

Commodity Market: Oil Up 7.2M Barrels, Gold to Rise 6%

Tech Leads: Nvidia’s $277B Surge & Market Highs

Neuralink’s First Successful Human Chip Implant

Eurozone’s PMI at 48.9: Signs of Economic Resilience

Forex Review: EUR/USD, GBP/USD, USD/CAD

Metallurgical Coal Price Rockets 40.3% to $315/Ton

Nikkei Hits Record; Nvidia AI Revenue Soars 265%

Microsoft’s $69B Activision Buy Redefines Console Wars

2024 Global Oil Market: A Dynamic Outlook

Hong Kong’s $27M Investment Scheme Targets Global Wealth

Markets Wobble: Nasdaq Dips 0.2%, Tech Tumbles

Commodities: Gold and Oil Amidst Rate and Tension Dynamics

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