SPY china has placed a 15% tariff on select items such as coal and liquefied natural gas these take effect Feb 10th. This will make the energy sector bleed today.
Among other things china also will include a 10% levy on American crude oil USO along with farm equipment CATDE and certain vehicles these also take effect Feb 10th. We have truly entered a trade war. Let’s see if we bend and back down from our 10% across the board tariffs on china. My opinion this only will fuel the fire and I expect more tariffs in the upcoming days. This is a who’s got a bigger one contest and will likely result in extreme threats from both sides with the date which those tariffs and threat will take affect pushed out just far enough in hopes one folds. That’s the best case scenario. This shouldn’t be treated like the 25% tariffs on Mexico and Canada knowing they would bend. I don’t believe China will back down and to just be honest I’m fearful this isn’t a trade war the US is prepared or capable of winning without absolutely bleeding our economy. Puts will be extremely over priced and for good reason.
FLOKIUSDT Floki announces an upcoming Simon's Cat CAT token sale on the TokenFi platform
Floki unveils the launch of the Simon's Cat memecoin that will take place on TokenFi, on August 20th. Users will be able to participate in the sale by holding and staking TOKEN. Participants will be divided into 6 tiers, depending on the staked TOKEN amount. Moreover, 18.5% of the CAT supply will be allocated to FFLOKI holders. Simon’s Cat token is the official BNB Chain-based memecoin of Simon’s Cat, one of the world’s most popular cat meme and animated series.
🔸Token Sale Price: $0.00000278 🔸Token Sale Hardcap: $4,250,000 🔸Initial Market Cap: $25,000,000 🔸 Total Token Supply: 9,000,000,000,000 CAT
CATtradingview.com/x/j7mTXtuA/ The market appears to anticipate that the price will remain above this strike price ($280) by the expiration date of 46 days (DTE).
Caterpillar Inc. (NYSE: CAT) has once again demonstrated its robust market presence, with its stock price soaring past $344 following the release of its latest earnings report. The industrial giant reported impressive financial results for Q1 2024, with total revenue reaching $15.8 billion and a basic earnings per share (EPS) of $5.601. This performance not only exceeded analysts’ expectations but also highlighted Caterpillar’s resilience and strategic growth in a challenging economic environment.
The company’s strong earnings were driven by increased demand across its construction, resource, and energy & transportation segments. Caterpillar’s ability to navigate supply chain disruptions and leverage its global footprint has been pivotal in achieving these results. The market responded positively, pushing the stock to new heights and reinforcing investor confidence in the company’s long-term prospects.
As Caterpillar continues to innovate and expand its product offerings, the future looks promising for this industry leader. Investors and market watchers will be keenly observing how Caterpillar capitalizes on its current momentum to drive further growth and shareholder value.