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  • Jul 31, 2024

Australia’s Cooler Core Inflation Opens Door to Rate Cut

(Bloomberg) -- Australia’s core inflation unexpectedly decelerated last quarter, supporting the Reserve Bank’s view that prices will gradually ease and prompting money markets to boost bets on an interest-rate cut. The currency and bond yields dropped.Traders abandoned wagers on policy tightening at the RBA’s meeting next week after the closely-watched trimmed mean inflation gauge, which smooths out volatile items, advanced 3.9% in the second quarter from 4% in the prior period, government data

  • Jul 30, 2024

U.S. Strategic Bitcoin Reserve to Be Funded Partly by Revaluing Fed's Gold, Draft Bill Shows

The purchase of bitcoin for a new strategic reserve would be financed partly by revaluing Federal Reserve's gold, according to draft legislation from U.S. Senator Cynthia Lummis's office. The plan proposes establishing a "Bitcoin Purchase Program" of up to 200,000 BTC a year over a five-year period. U.S. Senator Cynthia Lummis's plan for a new Strategic Bitcoin Reserve would finance purchases of the cryptocurrency partly by revaluing gold certificates held by the Federal Reserve System, according to a draft of the legislation obtained by CoinDesk.

  • Jul 30, 2024

Netflix Stock (NASDAQ:NFLX): Membership Growth Acceleration to Fuel Gains

Netflix (NFLX) recently released its Q2 results, showcasing continued acceleration in both membership and revenue growth. Despite intense competition, the streaming giant remains dominant, with its scalable unit economics fueling even more significant earnings growth. This positive trend is expected to continue, which is likely to keep fueling the stock’s ongoing bullish momentum, even after its notable recent gains. Consequently, I remain bullish on NFLX stock. Q2 Results: Membership Growth Mom

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