Author: Investor Empires
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“Persistent” inflation in the US is on the rise – argues against a 50bp FOMC Sep rate cut
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This tweet is from Nick Timeraos, a Wall Street Journal Fed watcher: Although the data relates to July (with the upwardly revised June result added), the Fed released it on September 3. If you’re familiar with this measure of inflation, this rise provides another reason why speculation of a 50…
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Trump’s lead over Harris is growing
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Donald Trump has gained a bigger lead over Kamala Harris in the polls as the 2024 U.S. presidential election approaches. After a period of near parity in mid-August, Trump’s odds of winning the polls have dropped. I have risen Several percentage points, with 53% of bettors favoring him compared to…
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Trump’s lead over Harris is growing
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Donald Trump has gained a bigger lead over Kamala Harris in the polls as the 2024 U.S. presidential election approaches. After a period of near parity in mid-August, Trump’s odds of winning the polls have dropped. I have risen Several percentage points, with 53% of bettors favoring him compared to…
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Non-dom tax reforms could cost labour £1bn, warns Oxford Economics
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Labour’s plan to reform the tax system on foreigners could cost the UK government up to £1bn as wealthy individuals flee the country, a report by Oxford Economics has warned. The proposed reforms, which will come into effect from April 2025, aim to replace the current system that allows non-residents…
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J.Jill Inc sees growth amid market challenges By Investing.com
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J.Jill Inc. (JILL) has reported a slight increase in second-quarter performance, with total comparable sales growing by 1.7% and adjusted EBITDA reaching $30.2 million, which is above expectations. Despite a general slowdown in customer demand during July and August, the company has adjusted its expectations and remains confident in its…
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Bitcoin Active Addresses Decline Sharply As Market Volatility Intensifies
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Bitcoin investors Cryptocurrencies appear to be showing a cautious approach as evidenced by the recent significant drop in the number of active BTC addresses, indicating a decline in on-chain activity as market instability continues. Bitcoin sees decline in active addresses Kyle Dobbs, market expert and host of Crypto Banter, subscriber…
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Payrolls set to be high-risk event for dollar
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Investing.com – All eyes in the foreign exchange markets are on Friday’s U.S. jobs report, with Citigroup saying the report is likely to impact the G10 FX market, and the U.S. dollar in particular. Since last month’s labor market report in early August, the market’s reaction to the data has…
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Payrolls set to be high-risk event for dollar
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Investing.com – All eyes in the foreign exchange markets are on Friday’s U.S. jobs report, with Citigroup saying the report is likely to impact the G10 FX market, and the U.S. dollar in particular. Since last month’s labor market report in early August, the market’s reaction to the data has…
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UTXO Research Report: State Of The Bridges
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As we enter a new era of development on Bitcoin, it has become very hard for most people to understand the nuances of the L2 debate, and ever harder to follow some of the technical jargon associated with it. Sidechains, rollups, sequencer, multisig, ZKP…. In this report, we’ll try to…
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Ilya Sutskever raises $1b for AI co SSI – report
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Safe Superintelligence (SSI), a new startup from OpenAI founder and former chief scientist Ilya Sutskever, has raised $1 billion to develop safe artificial general intelligence systems, company executives told Reuters. Sutskever said in June that SSI would open offices in the United States and Israel, but he has not disclosed…
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Bank of Canada Cuts Rates by 25bps, Signals More Easing Ahead
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The Bank of Canada today cut its overnight interest rate target by 25 basis points to 4.25%, marking the second consecutive rate cut in the monetary tightening cycle. This outcome was widely expected, as we discussed in our event guide. The Bank of Canada indicated in its statement the following:…
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Indicators Suggest Next Stop Could Be $53,541
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This article is also available in Spanish. Bitcoin Bitcoin price is facing increasing pressure as critical indicators point to a potential drop to $53,541. With sellers gaining momentum and technical charts turning red, the cryptocurrency is struggling to find a foothold in a volatile market. Traders are watching closely to…
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Occidental stock hits 52-week low at $55.04 amid market shifts By Investing.com
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Occidental Petroleum Corporation (NYSE:) shares touched a 52-week low, falling to $55.04, as investors navigate the complex energy market landscape. The drop represents a significant turnaround from the company’s performance over the past year, when Occidental’s stock saw a one-year change of -16.71%. The decline reflects broader industry trends and…
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Leader of Canada’s opposition new Democrats is tearing up coalition deal with Trudeau
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Leader of Canada’s opposition new Democrats is tearing up coalition deal with Trudeau
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Trump Family Accounts Hacked For Dubious Crypto Promotion
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Image: cryptonews.com On September 3, 2024, the X (formerly Twitter) accounts of Lara Trump, co-chair of the Republican National Committee, and Tiffany Trump, the youngest daughter of former President Donald Trump, were hacked. It has been hacked. In 2015, anonymous cybercriminals hacked Facebook and Twitter accounts. The hackers used the…
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Stocks claw back after tough September start
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Gasoline prices have been trending lower as oil prices have fallen and gasoline futures (RB=F) are nearing three-year lows. The average price of gasoline at the pump on Wednesday hit a six-month low of $3.32 a gallon, about $0.49 less than exactly a year ago, according to AAA data. “Coinciding…
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Acting US labor secretary encourages Boeing and workers to reach ‘fair contract’ By Reuters
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Written by Alison Lambert NEW YORK (Reuters) – Acting U.S. Labor Secretary Julie Su on Wednesday encouraged Boeing Co. and more than 30,000 workers at the planemaker’s plant to close the gap in negotiations and reach a fair contract as a Sept. 12 vote on a new deal approaches. Boeing…
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Acting US labor secretary encourages Boeing and workers to reach ‘fair contract’ By Reuters
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Written by Alison Lambert NEW YORK (Reuters) – Acting U.S. Labor Secretary Julie Su on Wednesday encouraged Boeing Co. and more than 30,000 workers at the planemaker’s plant to close the gap in negotiations and reach a fair contract as a Sept. 12 vote on a new deal approaches. Boeing…
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5 years later, Pi Network’s mainnet launch remains elusive
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Pi Network pioneers have expressed concerns about the slow progress towards the long-awaited mainnet launch and its potential impact on the token’s value. Pi Network just turned 5 Verified user who has been mining Pi tokens for over five years I took it to X To express their frustration over…