Author: bitlyfool
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BOE Held Rates at 5.25% in 7-2 MPC Vote, Bailey Hints at “More Substantial” Future Cuts
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As expected, the Bank of England (BOE) kept interest rates steady at 5.25% in its May decision. The official statement indicated that: Underlying inflationary pressures in the euro area have continued to moderate somewhat since the beginning of the year UK demand growth is expected to remain weaker than potential…
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$18 Million Ethereum Withdrawal Triggers DeFi Frenzy
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The Ethereum (ETH) market is buzzing with activity after a whale (an investor with large holdings) caused a sensation by withdrawing $18 million worth of ETH from Binance, a leading cryptocurrency exchange. The move, which was meticulously tracked by blockchain analysis platform Lookonchain, sent positive vibes across the cryptocurrency community,…
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US consumer sentiment at six-month low; inflation expectations rise By Reuters
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Written by Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence fell to a six-month low in May as households worried about rising costs of living and unemployment, but economists cautioned against drawing conclusions about the implications for the economic outlook. The larger-than-expected decline in sentiment reported by the University of…
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Goolsbee and Kashkari: In a wait-and-see mode.
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Minneapolis Fed President. Kashkari: He is cautious about how restrictive monetary policy is The business community does not believe that financial conditions are tight. I’m in wait and see mode An increase in interest rates cannot be ruled out We have seen gains on the supply side of the economy…
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Wells Fargo, America’s Third Largest Bank, Owns Spot Bitcoin ETFs: SEC Filing
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at recent days Deposit With the Securities and Exchange Commission (SEC), Wells Fargo, one of the largest banks in the United States, disclosed its exposure to Bitcoin exchange-traded funds (ETFs). JUST IN: ?? Wells Fargo Bank reveals it has a place #Bitcoin Exposure to ETFs in New SEC Filing ?…
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McDonald’s Will Offer a $5 Meal Deal to Lure Customers Back Into Stores
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(Bloomberg) — McDonald’s is looking to launch a $5 meal deal in the U.S., which the burger chain is betting can lure hard-spending consumers back. Most read from Bloomberg The deal could include a McChicken or McDouble with fries and a drink, according to a person familiar with the matter…
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After layoffs, Musk says Tesla to spend $500 million on charging network By Reuters
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(Reuters) – Tesla CEO Elon Musk said on Friday that the company will spend more than $500 million this year to expand its fast charging network, days after the employees who were running the company were abruptly laid off. “Just to reiterate: Tesla (NASDAQ:) will spend more than $500 million…
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Toncoin Soars 32% On Back Of Pantera Capital’s Mega-Investment
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Toncoin (TON), the native token of the Telegram Open Network (TON), is on the rise following a major investment from venture capital giant Pantera Capital. The news sent positive vibes through the cryptocurrency market, pushing the price of TON over 30% on the weekly time frame, and reigniting investor enthusiasm…
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Chinese electric vehicle maker Zeekr soars in IPO debut (NYSE:ZK)
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Editorial jozzeppe/iStock via Getty Images Zeekr Intelligent Technology Holding (IPO) opened trading Friday at $26 after the Chinese electric vehicle maker priced its IPO at $21 per share. Male shares (New York Stock Exchange: ZK) zoomed to $29.20 before settlement behind. The initial surge in electric vehicle stocks pushed their…
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Chinese electric vehicle maker Zeekr soars in IPO debut (NYSE:ZK)
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Editorial jozzeppe/iStock via Getty Images Zeekr Intelligent Technology Holding (IPO) opened trading Friday at $26 after the Chinese electric vehicle maker priced its IPO at $21 per share. Male shares (New York Stock Exchange: ZK) zoomed to $29.20 before settlement behind. The initial surge in electric vehicle stocks pushed their…
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BlockFi To Shut Down Web Platform, Partners With Coinbase For Fund Distribution
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The cryptocurrency lending and borrowing scene has faced significant turmoil in recent years, with several prominent players such as Celsius, Voyager Digital, and Genesis collapsing. Amid this turbulent environment, BlockFi, a thriving name among cryptocurrency lending platforms, announced its intention to shut down its web platform and partner with leading…
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BlockFi To Shut Down Web Platform, Partners With Coinbase For Fund Distribution
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The cryptocurrency lending and borrowing scene has faced significant turmoil in recent years, with several prominent players such as Celsius, Voyager Digital, and Genesis collapsing. Amid this turbulent environment, BlockFi, a thriving name among cryptocurrency lending platforms, announced its intention to shut down its web platform and partner with leading…
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Target pulls back on Pride Day merchandise
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After seeing its stores invaded by aggressive protesters who threatened employees over LGBTQ-themed products last year, Target is making some changes to how it handles Pride Month in 2024. The retailer says it plans to limit the number of stores selling LGBTQ-themed merchandise this year, limiting its offerings to “a…
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More yen weakness likely – BOA Securities survey By Investing.com
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Investing.com – Further weakness in the Japanese yen appears likely, according to Bank of America Securities, citing its latest surveys of foreign exchange rates and interest rates. At 10:25 EST (14:25 GMT), it was trading 0.2% higher at 155.83 yen, with the pair up just under 2% this week as…
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Kraken again asks to dismiss SEC lawsuit, citing incorrect wording
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The war between cryptocurrency exchange Kraken and the US Securities and Exchange Commission continues amid new statements from the platform. like Bloomberg The exchange accuses the regulator of incorrectly wording its arguments in the accusations, he writes, citing a new letter from Kraken filed earlier this week. Kraken claims that…
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Kraken again asks to dismiss SEC lawsuit, citing incorrect wording
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The war between cryptocurrency exchange Kraken and the US Securities and Exchange Commission continues amid new statements from the platform. like Bloomberg The exchange accuses the regulator of incorrectly wording its arguments in the accusations, he writes, citing a new letter from Kraken filed earlier this week. Kraken claims that…
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President Ruto appoints 20 new High Court judges
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President William Ruto has appointed 20 Supreme Court judges who were recently appointed by the Judicial Service Commission. The Judicial Service Commission recommended that the 12 men and eight women become High Court judges after interviewing 95 applicants, in a month-long process between April 3 and May 3. “In exercise…
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4 Factors That Weaken Your Deliberate Practice
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Deliberate practice refers to the conscious process of repeating tasks to improve your skills. Note that the keyword here is Realizing. That is, unlike regular repetition, deliberate practice requires focused attention and is designed around specific goals. Deliberate practice can be divided into three basic stages: Action, feedback and integration.…
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South Korea’s Bitcoin Kimchi Premium Drops: What Does it Mean for BTC?
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The price of Bitcoin kimchi in South Korea has fallen significantly amid a broader market decline, indicating weak enthusiasm among digital asset investors in the country. according to Data From CryptoQuant The price of Bitcoin Kimchi fell 1.5% on Friday during the afternoon trading session in Asia. Bitcoin Kimchi Premium…
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South Korea’s Bitcoin Kimchi Premium Drops: What Does it Mean for BTC?
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The price of Bitcoin kimchi in South Korea has fallen significantly amid a broader market decline, indicating weak enthusiasm among digital asset investors in the country. according to Data From CryptoQuant The price of Bitcoin Kimchi fell 1.5% on Friday during the afternoon trading session in Asia. Bitcoin Kimchi Premium…