Author: Investor Empires
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Bronfman’s Paramount bid could keep Shari Redstone involved, CNBC reports By Reuters
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(Reuters) – Former U.S. media executive Edgar Bronfman Jr. is open to having Shari Redstone stay involved with Paramount Global if its special committee accepts his union’s offer to buy out the company’s controlling shareholder, National Amusements, CNBC reported on Friday. On Wednesday, Bronfman beefed up his bid for Paramount,…
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US Bitcoin ETFs Saw the Sixth Consecutive Day of Inflows
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U.S. Bitcoin ETFs posted their sixth straight day of net inflows on August 23, totaling about $65 million. This steady stream of positive inflows highlights the growing institutional demand for structured exposure to Bitcoin. BlackRock’s iShares Bitcoin Trust (IBIT) has seen $75.5 million in inflows in the past few days.…
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US Bitcoin ETFs Saw the Sixth Consecutive Day of Inflows
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U.S. Bitcoin ETFs posted their sixth straight day of net inflows on August 23, totaling about $65 million. This steady stream of positive inflows highlights the growing institutional demand for structured exposure to Bitcoin. BlackRock’s iShares Bitcoin Trust (IBIT) has seen $75.5 million in inflows in the past few days.…
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If Warren Buffett’s Son Didn’t Sell His 90K Berkshire Hathaway Inheritance 47 Years Ago To ‘Buy Time,’ He Would Have This Much Today
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If Warren Buffett’s son hadn’t sold his $90,000 inheritance from Berkshire Hathaway 47 years ago to “buy time,” he’d have that much money today. Peter Buffettson of the legendary investor Warren BuffettHe made a life-changing decision 47 years ago when he traded his inheritance to “buy time.” And even though…
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IMF chief economist says Bank of Japan rate hikes a good development for Japan
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The Bank of Japan could continue to raise interest rates gradually at a “data-dependent” pace, IMF chief economist Pierre-Olivier Gourinchas told Reuters in an interview at the annual Jackson Hole Economic Symposium on Friday: Inflation is above the bank’s 2% target. Inflation expectations have started to move “perhaps even slightly…
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Crypto Analyst Predicts 42,263% Breakout For XRP Price To $280, Here’s The Roadmap
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Cryptocurrency Analyst Predicts Massive Crash XRP price risethe native token of XRP Ledger (XRPL). Although Slow XRP Price PerformanceThe analyst believes that this cryptocurrency could rise by 42,263%, and could reach an ambitious price target of $280 in this bullish cycle. Roadmap for $280 XRP Price Increase In X (formerly…
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Morgan Stanley latest to cut oil demand growth forecast on China factors (NYSEARCA:USO)
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SlavkoSereda/iStock via Getty Images Crude oil futures settled higher on Friday but fell for the week as the market digested bullish U.S. inventory data and Federal Reserve Chairman Jerome Powell delivered his speech. Strongest signal yet The central bank will cut interest rates next month. Earlier this week, oil futures…
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Norfolk Southern reaches agreements with four labor unions By Reuters
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(Reuters) – Norfolk Southern Railroad and BNSF Railroad said on Friday they have reached five-year interim collective bargaining agreements with four unions. The agreements call for an average wage increase of 3.5% annually over the next five years, more vacation time and some improvements to health care benefits. The agreements…
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3 Days left for PlayDoge presale as it emerges as the next big P2E crypto
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. PlayDoge is making headlines after raising over $6 million through its ongoing presale. After the recent downturn, the cryptocurrency market is back on the rise. BSC memecoin season has begun,…
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3 Days left for PlayDoge presale as it emerges as the next big P2E crypto
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. PlayDoge is making headlines after raising over $6 million through its ongoing presale. After the recent downturn, the cryptocurrency market is back on the rise. BSC memecoin season has begun,…
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New Apple iPhones and wearables to be unveiled Sept. 10
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Apple Inc. is planning to hold its biggest product launch event of the year on Sept. 10, when the company will unveil its latest iPhones, Watches and AirPods, according to people familiar with the situation. While the date hasn’t been announced yet, the company is preparing for that date, which…
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Global Market Weekly Recap: August 19 – 23, 2024
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While most market participants were preoccupied with the FOMC minutes and expectations of Powell’s testimony at the Jackson Hole Symposium, commodities like gold and crude oil also responded to their own set of catalysts. Geopolitical headlines and global growth concerns led the energy commodity mostly lower during the first half…
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Will Tether Unveil Its Own Blockchain? CEO Shares Intriguing Details
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Amid speculation that Tether, the largest stablecoin in the cryptocurrency market, USDTCoinDesk is preparing to launch its own blockchain technology, and the company’s CEO, Paolo Ardoino, has addressed the rumors in key detail. Tether Abandons Plans to Launch Its Own Blockchain in interview In an interview with Bloomberg News, Ardoino…
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Shareholder row at Old Mutual as billionaire seeks Sh1bn buyout
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Billionaire businessman Joel Kibe has filed a lawsuit against Old Mutual Holdings, seeking to buy it for a price likely to exceed Sh1 billion. Kibe accuses the insurance company of violating the rights of minority investors in favour of its largest shareholder, Old Mutual East Africa Holdings. In an application…
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Forexlive Americas FX news wrap: USD falls as Powell pleges “everything we can” for jobs
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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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Is the Bitcoin Bull Cycle Over?
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After hitting all-time highs earlier this year, Bitcoin has entered a period of price volatility that has lasted for months, leading many to wonder if the bull cycle is over. In this article, we delve into key metrics and trends to understand whether the market is just cooling off or…
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British steel to cut 2,500 jobs despite £600m taxpayer-funded green initiative
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British Steel is set to close its blast furnaces in Scunthorpe by the end of the year, putting 2,500 jobs at risk. The move comes as the Chinese-owned company seeks to accelerate its transition to green steel production, despite receiving £600m in taxpayer support. The company is in talks with…
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Russia stocks lower at close of trade; MOEX Russia down 2.32% By Investing.com
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Investing.com – Russian stocks were lower after the close on Friday, as losses in sectors led shares lower. At the end of trading in Moscow, the Moscow Stock Exchange index fell by 2.32% to reach its lowest level in 52 weeks. The session’s top performer was OK Rusal MKPAO (MCX:),…
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Cardano Investors React To 14% ADA Price Surge To $0.37
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On-chain data has provided insights into how Cardano (ADA) Investors It is likely to react to the recent surge in the price of the cryptocurrency. Cardano was one of the Leading Winners In the cryptocurrency market over the past seven days, with prices rising by more than 14% during this…
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Earnings season was a better guide to the economy than the data
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Walmart CEO Doug McMillon The stock market’s big turnaround in August was impressive in many ways, but when I step back, there’s a big question being asked and answered: Is the Fed behind the curve? This issue involves a set of assumptions about the US economy, and if we look…