News

Brent crude oil price forecast: to plunge by 11% if this happens
June 14, 2023 03:33 AM AEST| By InvezzBrent crude oil price has come under significant strains in the past few months as concerns about demand and supply linger. It was trading at $73.36, a few points above the year-to-date low of $71, a day after Goldman Sachs downgraded the forecast. S...

Cathie Wood turns to Meta stock as A.I. play after missing on Nvidia
June 14, 2023 12:52 AM AEST| By InvezzShares of Meta Platforms Inc (NASDAQ: META) have more than doubled already since the start of 2023 but influential investor Cathie Wood sees further upside ahead. Wood bought $47 million worth of Meta stock The Founder and CEO of Ark Invest spent mor...

Fed likely to hold rates steady as CPI declines to a 2-year low
June 13, 2023 11:29 PM AEST| By InvezzThe much-awaited CPI data was released today and were in sync with industry expectations. CPI declined to 4% YoY, reaching this level for the first time since March 2021. The headline figure has eased every month since peaking in June 2022 at 9.1% On...

CHANCER’s presale launches Tuesday and could reignite interest in blockchain-based betting
June 13, 2023 11:27 PM AEST| By InvezzBlockchain-based predictive market-making platform Chancer officially launches its token $CHANCER presale on June 13th. To gain an edge in the ever-growing betting market, Chancer wants to do things differently – allowing peer-to-peer creation...

Plug Power stock price has rallied by ~40%: Is it too late to buy?
June 13, 2023 10:23 PM AEST| By InvezzPlug Power (NASDAQ: PLUG) stock price has rebounded in the past two months, helped by the rally in technology stocks. The shares have soared to the highest level since April 5th of this year. During this period, the stock has jumped by about 40% from...

The biggest asset bubble ever: 1980s Japan – Case Study
June 13, 2023 09:52 PM AEST| By InvezzI do a lot of analysis around long-term returns in the stock market. Countries vs countries. Funds vs funds. Sectors vs sectors. While past returns are never indicative of future performance, studying what has happened before provides a good framewor...

Soybeans price recovery faces significant supply headwinds
June 13, 2023 08:35 PM AEST| By InvezzSoybeans price has jumped slightly in June as investors buy the recent dip after it dropped to the lowest level since December 2021. In all, prices remain about 10% below the highest level this year. Soybeans have outperformed other agricultural comm...

Corn price analysis as Argentina production retreats
June 13, 2023 06:37 PM AEST| By InvezzCorn price has rebounded in the past few days as investors reacted to the latest WASDE report and the recent dam collapse in Ukraine. The price was trading at $6.20, a few points above the year-to-date low of $5.62. WASDE report Corn and other agricu...

Elevated food inflation plagues in-recession Germany
June 13, 2023 05:48 PM AEST| By InvezzThe final CPI YoY for May 2023 was unchanged at 6.1% and in line with industry forecasts. This was a considerable reduction from the 7.2% in the previous month, and much lower than the October and November peak of 8.8%. The inflation rate YoY appears...

Highly Anticipated Chancer Crypto Presale Officially Launches Today
June 13, 2023 05:48 PM AEST| By InvezzLondon, United Kingdom, June 13th, 2023, Chainwire Chancer, one of the most exciting new Web3 projects of 2023 has officially launched its crypto presale today, 13th June. The project aims to disrupt the betting industry by removing the ‘house&...

Wheat price forecast: WASDE report points to oversupply concerns
June 13, 2023 05:11 PM AEST| By InvezzWheat price has pulled back in the past few days as investors react to the recent dam collapse in Ukraine and the continuing war. Data by TradingView shows that wheat was trading at $624 on Tuesday, equivalent to $6.24 a bushel. This price is about 1...

Bernstein likes Oracle ‘even excluding A.I.’ after its Q4 results
June 13, 2023 07:36 AM AEST| By InvezzOracle Corporation (NYSE: ORCL) is trading up in extended hours after reporting better-than-expected results for its fourth financial quarter. Oracle stock up on strong cloud revenue Investors are particularly cheering a whopping 54% increase in its...

H2 2023 rate outlook: Fed policy and its inherent contradictions
June 13, 2023 06:18 AM AEST| By InvezzWith the FOMC announcement scheduled for the 14th of June, markets are largely expecting Jay Powell to maintain the status quo. Jeffries’ Chief Market Strategist David Zervos believes that, …the skip makes a lot of sense…(a) lot of...

Are casino stocks at risk after Jefferies downgrades two names?
June 12, 2023 11:15 PM AEST| By InvezzThe casino industry has experienced tremendous growth in recent years, and several companies highlight the potential for even better times ahead. Digitization and regulatory changes have paved the way for gaming companies to diversify their operation...

$800K lost following Sturdy Finance security breach
June 12, 2023 06:59 PM AEST| By InvezzDecentralized lending platform Sturdy Finance suffered a serious security breach earlier today that cost it 442 Ethereum (ETH), worth about $800,000. An unidentified hacker launched the attack, taking advantage of the system’s reentrancy vulner...

Unveiling IVS Crypto 2023 KYOTO, The Largest Crypto Conference in Japan
June 12, 2023 05:11 PM AEST| By InvezzKyoto, Japan, June 12th, 2023, Chainwire IVS KYOTO Executive Committee (Headline Japan / Infinity Ventures Crypto, Kyoto Prefecture、Kyoto City, Kyoto Chiesangyo Sozonomori) will be hosting IVS Crypto 2023 KYOTO where the next-generation entrep...

ERD DeFi Lending Platform and USDE Stablecoin Unveiled at EDCON 2023
June 09, 2023 10:04 PM AEST| By InvezzPodgorica, Montenegro, June 9th, 2023, Chainwire At EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platfo...

DeFiReturns v2 launches with advanced analytics for DeFi investing
June 08, 2023 02:17 AM AEST| By InvezzIn recent DeFi news, Pods, a provider of institutional-grade structured products for crypto assets, announced it had lauched a new version of its DeFiReturns. Per details shared via a press release on May 27th, DeFiReturns v2 launched after months of...

Chancer vs. DeeLance: Why new and revolutionary CHANCER token has the edge?
June 07, 2023 08:36 PM AEST| By InvezzFor cryptocurrency investors, 2023 has had a bit of everything – an explosive market performance following last year’s bear chaos, one that’s tinged with negative sentiment catalysed by regulatory headwinds. There have also been a h...

Coffee price forecast: El Nino is a catalyst but caution is needed
June 07, 2023 05:35 PM AEST| By InvezzCoffee price has done well in 2023, making it one of the top-performing agricultural commodities this year. Cash contracts are trading at $183, ~30% above the lowest level in 2023. In contrast, commodities like soybeans, wheat, and corn have all slum...