Author: bitlyfool
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BofA’s pain trades for bulls and bears
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Photos by Tom Merton/OJO via Getty Images With everyone leaning in one direction, markets have a way of presenting the unexpected. These shifts, known as painful trades, which have left a large group of investors sitting still, were the focus of the latest streaming offering memo from BofA Securities. Strategist…
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Rice Bags for Trade, Says First Interview
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Disgraced FTX founder Sam Bankman-Fried has revealed he has not been abused and does not “feel unsafe”. The only time he is disturbed is at night when they ask him about the bags of rice they plan to use in trade. This was his first comprehensive interview since his imprisonment.…
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Wall Street eyes TELUS Corporation’s robust growth By Investing.com
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In the ever-evolving communications landscape, AT&T Inc. (NYSE:T) is the center of attention thanks to its recent performance that has caught the attention of Wall Street. The multinational holding company, one of the world’s largest telecommunications companies, offers a range of services including mobile, fixed-line telephony and broadband TV subscription…
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Solana Price Prediction – Could Solana Regain Bullish Momentum And Push To $200?
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Solana saw its price struggling to return to the upside levels last month. Solana previously reached $208 On March 18 thereafter A strong rise in prices extending over a period of five months. However, this crossover above $200 was very brief as Solana fell to $167 before reversing and hitting…
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Helb faces Sh3.7bn budget cut
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The Treasury has proposed cutting the Higher Education Loans Board (Helb) budget by Sh3.7 billion in the financial year starting July, which could affect thousands of loan beneficiaries. The Treasury is seeking to allocate Sh33.3 billion to HELP to fund thousands of needy students in universities and colleges in the…
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Premium Forex Watch Recaps: May 6 – 10, 2024
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Market volatility has calmed over the past week, but there were some key events that had the potential to generate strong short-term opportunities, including two events related to central bank policy. Out of six discussions, Only one scenario/price forecast saw both financial and technical arguments being raised To become a…
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XRP Sinking? Why Altcoin’s Price Continues Downward Plunge
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The once-thriving cryptocurrency Ripple (XRP) finds itself in a precarious situation. Last month was marked by a significant drop in the value of XRP, leaving investors and analysts in a state of uncertainty. While some fear a continuation of the decline, others see the possibility of a return, with technical…
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Nadhim Zahawi confirms he paid nearly £5m for tax error
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Former chancellor Nadhim Zahawi has confirmed to the BBC that he has paid nearly £5 million to the authorities to settle his tax affairs. The settlement was related to an investigation by HMRC into the allocation of shares in YouGov, the opinion polling company he founded before becoming an MP.…
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McDonalds is preparing a $5 deal meal promotion
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McDonald’s is running a $5 meal promotion. Needless to say, the cost of food is rising and there are no deals at fast food restaurants either. Are consumers starting to show their discomfort with rising prices by voting with their wallets? Looking at annual U.S. food costs from the St.…
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McDonalds is preparing a $5 deal meal promotion
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McDonald’s is running a $5 meal promotion. Needless to say, the cost of food is rising and there are no deals at fast food restaurants either. Are consumers starting to show their discomfort with rising prices by voting with their wallets? Looking at annual U.S. food costs from the St.…
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Forensic Risk Alliance To Oversee Exchange For Next 3 Years
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An image of the print In a move underscoring the growing regulatory scrutiny surrounding the cryptocurrency industry, the US Department of Justice (DOJ) has appointed international consulting firm Forensic Risk Alliance (FRA) to closely monitor the compliance activities of a leading digital asset exchange. This unprecedented oversight, a key condition…
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Biden’s Solar Factory Boom Slows as Cheap Imports Flood Market
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Breadcrumb links BMN Business The inflation cap law helped spur solar manufacturing in the United States, but after less than two years, there are signs that the boom is fading. Article writer: Bloomberg News Jennifer Dlouhy Posted on May 12, 2024 • 4 minutes read You can save this article…
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Lufthansa boss vents frustration about Boeing problems By Reuters
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ZURICH (Reuters) – Delays in plane deliveries from Boeing Co (NYSE:) are “very annoying” and cost Lufthansa a lot of money, but the U.S. planemaker should be able to solve its problems, the German airline’s chief executive said in a newspaper interview. Lufthansa CEO Carsten Spohr was direct when asked…
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Bitcoin wallets, dormant for 11 years, transfer $60 million
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Long-dormant Bitcoin wallets, inactive for nearly 11 years, suddenly moved 1,000 bitcoins (BTC) within a 20-minute window, on-chain analysts reported Sunday. Lookonchain, an analytical tool that provides insight into blockchain activity, noted that two wallets — “16vRqA” and “1DUJuH” — initially received 500 BTC each in September 2013. At the…
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New home sales in Israel up 21% in Q1
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According to the Central Bureau of Statistics, 23,250 new homes were sold in the first quarter of 2024. Israel’s housing market has set back five years in terms of the number of new homes sold but at 40% higher prices, according to figures published by the Central Bureau of Statistics…
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Here Is What 6 Silicon Valley Giants Think About Cryptocurrency
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The high-tech industry continues to make active inroads into the blockchain industry, proposing and building new solutions that make Web3 products better and more usable by ordinary people as well as cutting-edge industry participants. 1. Block CEO Jack Dorsey – Bitcoin Bull Dorsey said that in 2021 at the Crypto…
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Amazon to announce new 1.2 billion euros investment in France By Reuters
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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some or all of your investment amount, and may not be suitable for all investors. Cryptocurrency prices are highly volatile and may be affected by external factors such as financial, regulatory or political events.…
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Newsquawk Week Ahead: Highlights include US CPI, US Retail Sales, UK and Australian Jobs
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Next week May 13-17: He sat down: Chinese inflation (April) Monday: Eurogroup meeting, New Zealand inflation expectations (Q2) Tuesday: OPEC monthly report, German final CPI (April), UK jobs report (April/March), German ZEW survey (May), US PPI (April) married: People’s Bank of China (PBoC) Multilateral, Riksbank Minutes, IEA OMR, Australian Wage…
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Crypto Expert Explains What This Means
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Cryptocurrency analyst Rekt Capital has dropped a bizarre analysis about when Bitcoin might resume its upward trajectory. According to a post on the social media platform This prediction came amid speculation about when and if Bitcoin will continue to rise in price as the current price action of the cryptocurrency…