Author: Investor Empires
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Palo Alto Networks target raised by Oppenheimer on strong FY24 By Investing.com
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Oppenheimer saw its price target on Palo Alto Networks (NASDAQ:NASDAQ:) increase from $390.00 to $410.00, while the company maintained an outperform rating on the stock. This adjustment comes after Palo Alto Networks delivered a strong performance at the end of its fiscal 2024, beating estimates with strong platform sales. Palo…
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Are investors safe as VIX retraces at record pace? By Investing.com
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While the dollar is falling at a record pace, Bank of America said in a note on Tuesday that investors may be inclined to breathe a sigh of relief. However, the bank questioned whether the path was really clear yet. After a spike in volatility on August 5, the VIX…
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2024 US Election Could See Major Impact From Pro-Crypto Young Voters: Report
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For young people in particular, cryptocurrencies have become a hot topic in the 2024 US elections. According to a recent study, today’s Gen Z and millennials account for 40% of the vote, due to their frustration with the traditional financial system and their search for candidates to boost their interest…
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2024 US Election Could See Major Impact From Pro-Crypto Young Voters: Report
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For young people in particular, cryptocurrencies have become a hot topic in the 2024 US elections. According to a recent study, today’s Gen Z and millennials account for 40% of the vote, due to their frustration with the traditional financial system and their search for candidates to boost their interest…
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2 Cheap Passive Income Stocks to Buy Now
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Passive income is crucial to maintaining your lifestyle after retirement. After all, the Social Security Administration warns that it may not be able to pay out benefits in full after 2035, which underscores the importance of alternative sources of income. While stocks aren’t necessarily the most stable sources of passive…
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BofA notes more balanced G10 FX positioning, flags risks By Investing.com
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Bank of America (BofA) provided insights into the current state of G10 FX positions, noting that they are more balanced than at the end of Q2. However, the bank also highlighted some continued weaknesses, particularly in hedge funds’ long positions in US dollars. According to Bank of America, demand for…
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BitFuFu reports Q2 results (NASDAQ:FUFU)
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BitFuFu Press Release (NASDAQ: FOFO): Total revenues in the second quarter were $129.4 million, an increase of 69.7% compared to $76.3 million in the same period in 2023. Revenue from cloud mining solutions was $77.0 million, up 66.8% compared to $46.2 million in the same period. For the year 2023.…
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Will the Jackson Hole event be bearish for stocks?
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I’ve seen a lot of posts about the stock market’s reaction to Powell’s last two speeches at the Jackson Hole Symposium. While it’s true that the market didn’t do well in the following two months, the context today is quite different. In 2022, there’s no need to say why things…
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Will the Jackson Hole event be bearish for stocks?
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I’ve seen a lot of posts about the stock market’s reaction to Powell’s last two speeches at the Jackson Hole Symposium. While it’s true that the market didn’t do well in the following two months, the context today is quite different. In 2022, there’s no need to say why things…
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Exec Predicts Bitcoin Surge No Matter Who Wins US Election
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Zach Pandel, managing director of Grayscale Investments, boldly predicted that the price of Bitcoin will go up in value Regardless of who wins the upcoming US presidential election, he said the potential increase is due to macroeconomic trends, particularly those related to the depreciation of the US dollar. Related reading…
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Vermont businesses crippled by July flooding and storms
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Two floods Storms that hit in July have crippled businesses and tourist destinations in an economically depressed area of northern Vermont, with some remaining closed as they repair damage and others urging weather-deterred visitors to make the trip. The Kingdom’s trails, a popular destination for mountain bikers, attract tens of…
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Remark Holdings Q2 2024 financial results show progress By Investing.com
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Remark Holdings, Inc. (MARK), a global technology company, reported its financial results for the second quarter of 2024, highlighting a significant contract win with the Clark County School District and an optimistic outlook on future opportunities. The company is transitioning its revenue base from Asia to the U.S., citing political…
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Remark Holdings Q2 2024 financial results show progress By Investing.com
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Remark Holdings, Inc. (MARK), a global technology company, reported its financial results for the second quarter of 2024, highlighting a significant contract win with the Clark County School District and an optimistic outlook on future opportunities. The company is transitioning its revenue base from Asia to the U.S., citing political…
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Malicious Chrome Extension Targets Solana Users
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The world of decentralized finance and cryptocurrencies has seen its fair share of scams and malicious activity, and the latest threat to emerge is the “Bull Checker” extension, a malicious crypto extension found on the Chrome Web Store. This malicious tool has been targeting uninformed Solana DeFi users, draining wallets…
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Tech advancements driving the uptake of e-mobility in Kenya
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Over the past decade, Kenya has become a sought-after destination for investors in e-mobility and its technology. Electric vehicle batteries have undergone many technological advances. These include chemical changes aimed at increasing energy density and other metrics such as the weight and size of battery packs. These changes make batteries…
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Dollar nears 7-month low ahead of Powell, Swedish crown falls after rate cut By Reuters
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By Ankur Banerjee and Stefano Ribaudo (Reuters) – The dollar hovered near a seven-month low on Tuesday amid bets the U.S. central bank will start cutting interest rates next month, with traders bracing for comments from Federal Reserve Chairman Jerome Powell on Friday. The dollar’s weakness has lifted the euro…
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Dollar nears 7-month low ahead of Powell, Swedish crown falls after rate cut By Reuters
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By Ankur Banerjee and Stefano Ribaudo (Reuters) – The dollar hovered near a seven-month low on Tuesday amid bets the U.S. central bank will start cutting interest rates next month, with traders bracing for comments from Federal Reserve Chairman Jerome Powell on Friday. The dollar’s weakness has lifted the euro…
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Aave price rallies 12% amid surging whale activity
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Aave price has seen a surge of over 12% amid increased whale activity and a broader rally in the global cryptocurrency market. At the time of writing, Aave (AAVE) is the 47th largest cryptocurrency by volume, with a market cap of over $1.89 trillion as its price surged 12.4% on…
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Gold prices could surge to $2,600 an ounce as us interest rate cut looms
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Gold could rise to $2,600 an ounce after hitting a new record high, as traders increasingly expect the US Federal Reserve to cut interest rates next month. On Sunday, spot gold broke through $2,500 an ounce for the first time, extending a rally that has seen the precious metal rise…