Author: Investor Empires
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Bitcoin flashes indicator that often precedes higher prices: CryptoQuant
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Bitcoin has signaled the end of miner capitulation, as indicated by the popular Hash Ribbons indicator, according to analysts at on-chain data and analytics platform CryptoQuant. Analysts comment This comes as the leading cryptocurrency retested the $59,000 level. However, the cryptocurrency has struggled over the past week, with Bitcoin falling…
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ZIM jumps sharply after raising guidance
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ZIM INTEGRATED SHIPPING SERVICES CO., LTD. ZIM (NYSE: ZIM) surprised investors today by significantly raising its annual outlook and beating expectations for the second quarter. The stock opened 14.32% higher on Wall Street, giving it a market cap of $2.622 billion. The Israeli shipping company reported revenue of $1.9 billion…
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Wall St ends higher, extending rally ahead of Jackson Hole By Reuters
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By Steven Kolb NEW YORK (Reuters) – U.S. stocks rose on Monday, posting their biggest weekly percentage gain this year as investors focused on the Democratic National Convention and the upcoming Jackson Hole Economic Symposium. The tech-heavy Nasdaq led all three major U.S. stock indexes to a higher close, helped…
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Vitalik Buterin’s $1M ETH Transfer Ignites Privacy Debate
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Ethereum founder Vitalik Buterin made headlines on Monday after his latest on-chain move. Buterin’s transfer of $1 million worth of Ethereum to the Railgun privacy protocol has caught the attention of the community and reignited the debate over the use of privacy tools. Vitalik Moves 400 Ethereum to Privacy Protocol…
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Applied Industrial Technologies maintains $235 target amid sales dip By Investing.com
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On Monday, Applied Industrial Technologies (NYSE:AIT) maintained its Outperform rating and $235.00 price target from Oppenheimer. The firm noted that while Applied Industrial Technologies saw a slight decline in sales, the company’s margins remained strong in the fourth quarter of fiscal 2024. This was attributed to a combination of unbalanced…
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Poll: Federal Reserve to cut Fed Funds by 25bp in September, November and December
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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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Poll: Federal Reserve to cut Fed Funds by 25bp in September, November and December
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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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Democrats Exclude Bitcoin And Crypto From 2024 Platform, Aligning With Past Hostility
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The official platform of the Democratic Party for 2024 was: released Today, on the first day of the Democratic National Convention, there was no mention of Bitcoin or cryptocurrencies. This decision is in line with the past four years of hostility toward the industry by the Biden-Harris administration. Despite the…
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‘I Don’t Believe You Would Have A Trump Phenomenon Without…’
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Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Palantir Technologies Inc. (NYSE:BelterAmazon CEO Alex Karp has linked the rise of former President Donald Trump to the actions of Silicon Valley. What happened: In a wide-ranging interview with The New York Times,…
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Trump to reiterate he will stop US Steel sale to Nippon By Reuters
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By Gram Slattery and David Shepardson YORK, Pa. (Reuters) – Republican presidential candidate Donald Trump will confirm on Monday that he will block Nippon Steel Corp.’s planned purchase of U.S. Steel and move to roll back power plant pollution rules put in place by the Biden administration. Trump had signaled…
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Crypto Experts Believe This New ICO Will Surpass Dogecoin (DOGE) Becoming The Biggest Memecoin
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Dogecoin (DOGE) has long held the title of the leading meme coin, capturing the attention of investors and the general public with its unique blend of humor and financial potential. However, a new ICO has emerged, Mbebe (Mbebe)is generating a lot of buzz and is being hailed by cryptocurrency experts…
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Crypto Experts Believe This New ICO Will Surpass Dogecoin (DOGE) Becoming The Biggest Memecoin
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Dogecoin (DOGE) has long held the title of the leading meme coin, capturing the attention of investors and the general public with its unique blend of humor and financial potential. However, a new ICO has emerged, Mbebe (Mbebe)is generating a lot of buzz and is being hailed by cryptocurrency experts…
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Newmont upgraded, AngloGold downgraded at Scotiabank in upbeat gold outlook (NYSE:NEM)
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bodnarchuk/iStock via Getty Images Newmont (NYSE: No) was upgraded to sector outperform from sector perform with a $59 price target, but AngloGold Ashanti (AU) was downgraded to sector underperform from sector perform with a $30 price target, at Scotiabank, which still sees the group delivering an average upside of around…
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Bearish dollar momentum building; sterling hits one-month high By Investing.com
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Investing.com – The U.S. dollar fell on Monday ahead of the release of minutes from the Federal Reserve’s July policy meeting and Fed Chairman Jerome Powell’s upcoming speech in Jackson Hole later this week. At 05:40 ET (09:40 GMT), the dollar index, which tracks the greenback against a basket of…
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Cost Of Success And Layer 2 Solutions
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Ethereum’s rapid rise has reshaped the digital landscape, but its growth isn’t without pitfalls. As its popularity soars, so does its inflationary token supply, a concern that’s becoming hard to ignore. High transaction fees and scalability issues press users to seek alternatives on Layer 2 solutions. These challenges highlight an…
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Fed Chair Powell’s Jackson Hole speech just got a lot less predictable
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Since 1981, Federal Reserve bankers, business leaders, prominent academics, and government officials have gathered each August for a three-day symposium in Jackson Hole, Wyoming, to discuss critical issues facing the global economy and financial markets—while also getting in some fishing and horseback riding. Federal Reserve Chairman Jerome Powell’s annual speech…
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Australian dollar battles to recoup late-July losses
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AUDUSD Daily The Australian dollar rose 50 pips today on its third day of gains. It is at its highest level since July 18, and at levels that would be the highest since January except for the June and July spikes. What is particularly impressive is that the Australian dollar…
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Drift brings DeFi-integrated prediction market to Solana
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On-chain trading protocol Drift has launched prediction markets as part of its expanding product suite. Solana-based platform SOL has unveiled its new prediction market feature in advertisement On August 19th. Drift’s market prediction product will work similarly to Polymarket, giving users the opportunity to bet on the outcome of events…
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Drift brings DeFi-integrated prediction market to Solana
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On-chain trading protocol Drift has launched prediction markets as part of its expanding product suite. Solana-based platform SOL has unveiled its new prediction market feature in advertisement On August 19th. Drift’s market prediction product will work similarly to Polymarket, giving users the opportunity to bet on the outcome of events…
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Kenya Airways posts first profit in 11 years
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Kenya Airways (KQ) has ended its losing streak by posting a net profit of Sh513 million in the first half of the year to June, helped by lower debt servicing costs. The airline last posted a profit of Sh384 million in the first half of the year to June 2013…