tl;dr
The Bank of Canada has lowered interest rates by 25 basis points due to cooling inflation. This marks the third consecutive cut, with implications for Bitcoin and the wider crypto market. Bitcoin holders are optimistic about the impact on the market, as rate cuts could potentially spark inflows into...
The Bank of Canada has lowered interest rates by 25 basis points due to cooling inflation. This marks the third consecutive cut, with implications for Bitcoin and the wider crypto market. Bitcoin holders are optimistic about the impact on the market, as rate cuts could potentially spark inflows into risky assets like cryptocurrencies. There is also anticipation of potential rate cuts in the United States, which could further influence market sentiments and investment patterns. The Bank of Canada announced interest rate cuts on the heels of slowing inflation. In a September 4th release, the Bank announced its third consecutive rate cuts in line with policy projections. The move takes the policy rate to 4.25%, signaling options for more cuts in favorable factors. The crypto market is down, with most assets trading lower as investor sentiments plunge. Bitcoin price trades below $58k in a week that has seen outflows from the wider market. While crypto enthusiasts remain optimistic about a turn of events, commentators point to possible bullish signs like rate cuts and clearer regulations. The United States also awaits potential rate cuts amid cooling inflation. Citi analysts project the Federal Reserve to slash interest rates at the upcoming meeting. Rate cuts will spark inflows into Bitcoin and crypto assets as investors will fund risky assets. The move will also be pivotal to the turnaround in present market sentiments.
More about United States Steel Corporation
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United States Steel Corporation produces and sells tubular and flat rolled steel products primarily in North America and Europe. The company is headquartered in Pittsburgh, Pennsylvania.
Industry: MANUFACTURING, STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
Contact: 800-864-7000
Current Price: $15.55
Change: $0.2 ( 2.29%)
52-week Range: $7.57 - $25.31
Dividend Yield: 0.034
Market Cap: $16.85 billion
Price-to-Earnings Ratio: 45.45
EPS: -$0.617
Forward P/E: -0.178
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More about Tanzanian Royalty Exploration Corp
Tanzanian Royalty Exploration Corp, Tanzanian Gold Corporation is engaged in the exploration and development of mineral property interests in the United Republic of Tanzania. The company is headquartered in Vancouver, Canada.
ENERGY & TRANSPORTATION
GOLD AND SILVER ORES
Market Cap: 109.25M
Dividend Yield: None
Beta (5Y Monthly): 0.127
EPS: -0.0306
Volume: 36.72M
P/E Ratio: 1.38
Forward Dividend & Yield: 2.549 / 0.625
More about Rush Street Interactive Inc
Rush Street Interactive Inc Summary Rush Street Interactive Inc
Rush Street Interactive, Inc. is an online casino and sports betting company in the United States and Latin America. The company is headquartered in Chicago, Illinois.
Trade & Services
Sector: Services-Miscellaneous Amusement & Recreation
Revenue: $2,113,052,000
Net Income: -0.09
EPS: 10.78
EBITDA Margin: -0.0084
Market Cap: $801,545,000
Stock Price: $13.03
Dividend Yield: 0
P/E Ratio: 0.888