Month: March 2024

UBS: Copper Rally “Just The Beginning”

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🚨 🚨 UBS says copper rally ‘just the beginning.’ It continues to believe copper is structurally undersupplied and forecasts a buildup of tightness in the copper concentrate market. “The prospect of greater Chinese smelter maintenance in 2Q24 – up to 3M metric tons of capacity – has triggered a surge in the metal’s price as processed production not bound to longer-term contracts tightens copper supplies”

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Crypto Market Sheds $400B

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🚨 🚨 Crypto market sheds $400 billion of value as bitcoin sell-off intensifies after all-time high

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UK Inflation Plunges

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🇬🇧 🇬🇧 UK inflation falls more than expected, hits lowest in nearly two-and-a-half years

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Tencent Misses

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🇨🇳 🇨🇳 BREAKING: Tencent sees Q4 revenue miss amid weak domestic games’ sales, plans to double stock buyback

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Nvidia Is Calling The Shots

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🧠 🧠 Nvidia Is Wagging Everyone’s Tail: Samsung soars more than 5% after report of Nvidia considering its next-gen chips

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Netflix Should Trade At A Premium

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📺 📺 Netflix shares should trade at a premium
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ECB To Decide On Rate Cut In June

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🇪🇺 🇪🇺 European Central Bank’s Lagarde says June data key for rate cut decision. “By June we will have a new set of projections that will confirm whether the inflation path we foresaw in our March forecast remains valid”

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Bubble? Analysts See Nvidia Well Above $1,000

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🚨 🚨 Bubble? Analysts now see Nvidia climbing well above $1,000 per share

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Intel To Receive $8.5B

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🚨 🚨 Intel awarded up to $8.5 billion in CHIPS Act grants, with billions more in loans available

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