To The Moon

🌟🌟🌟$Alphabet(GOOG)$ $Alphabet(GOOGL)$ had been hit with a 2.1 billion Euros (USD 2.3 billion) lawsuit yesterday by 32 media groups in Europe, alleging that they had suffered losses due to the company's practices in digital advertising. The move by the group include publishers in Austria, Belgium, Bulgaria, the Czech Republic, Denmark, Finland, Hungary, Luxembourg, the Netherlands, Norway, Poland, Spain and Sweden. This lawsuit comes at a time when antitrust regulators are also cracking down on Google's ad tech business. However Google said that it opposes the lawsuit, adding that it is speculative and opportunistic. Go

Mon, 05 Feb 2024. Honestly, I did not see it coming - the way US market behaved on the start of February’s 2nd trading week. Fell, it did — led downward by the tech-heavy Nasdaq Composite, as investors grew increasingly cautious of rising bond yields. Was it really investors’ taking profits after rousing new heights scaled by the S&P 500 index consecutively for the past few weeks? CBS - 60 Minutes, starring Jerome Powel. Perhaps it was Mr Jerome Powell’s hour long interviews on CBS’s current affairs program “60 Minutes”, aired on Sun, 04 Feb 2024 that spooked US market and encouraged investors to take profit while still ahead ? (see above) Key takeaways: Fed Chair Jerome Powell vowed that the central bank will proceed carefully with interest rate cuts in 2024. He iterated again, “We

The quest for a spot bitcoin ETF in the US started in 2013 though initially rejected. SEC approval for bitcoin ETFs based on futures began in 2021.$BlackRock(BLK)$ and Fidelity’s application for a spot bitcoin product gained momentum due to their influential positions in the US financial system.All these efforts made the approval possible in 2024.What are the advantages of spot Bitcoin ETF for retail investors?It introduces additional regulatory safeguards, providing a more secure investment environment.Investors gain the opportunity to invest through reputable financial institutions, adding a layer of credibility to the market.This simplifies the investment process, as investors can hold the ETFs directly in their brokerage accounts.Howe

On Thursday, 11 U.S. banks led by $JPMorgan Chase(JPM)$ , $Bank of America(BAC)$ , and $Citigroup(C)$ banded together to inject $30 billion in uninsured deposits into stumbling lender $First Republic Bank(FRC)$ .Fears of a global banking crisis have eased following the rollout of multi-billion-dollar lifelines for troubled lenders in Europe and the United States. Stocks rose in China, Japan, South Korea, Malaysia, Australia, the Philippines and Hong Kong on Friday: China’s blue-chip index gained 0.8%, while