Author: Investor Empires
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NFT buyer activity surges over 173%, sales plummet
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Over the past week, the NFT market has generally been a mixed bag. NFT sales volume decreased by 11.92%, totaling $81.8 million, while the number of NFT buyers increased by 173.25% to 327,594. Let’s take a look at some of the key metrics that have characterized the NFT market over…
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Kenya eyes Agoa trade deal with United States in October
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Kenya has received assurances that Washington will ratify two crucial trade deals before the US presidential election on November 5, the trade ministry told parliament. US lawmakers will approve the extension of the Africa Growth Opportunity Act (AGOA) and the US-Kenya Strategic Trade and Investment Partnership (STIP) agreement, Chief Secretary…
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Goldman Sachs cut its US recession probability after last week’s data, see 25bp Sept cut
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A note from the economists at the investment bank. I haven’t seen it yet, but the news agencies are carrying the highlights. In summary: It lowered its forecast for a U.S. economic contraction from 25% to 20%, and said it could lower the forecast further to 15% if the August…
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AstraZeneca’s £450 million vaccine plant at risk as government reconsiders financial backing
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The US Treasury has confirmed it remains in “positive discussions” with AstraZeneca over the pharmaceutical giant’s proposed £450m vaccine manufacturing facility in northwest England. However, doubts have emerged following reports that the government is considering cutting its financial support for the project to £40m – a significant cut from the…
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Polkadot (DOT) Investor Confidence Falls As Token Loses 16%
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Polkadot’s value has been at its lowest levels since last month as investors and traders pull out of the market. According to Queen GeckoThe token has fallen by more than 16% in the past two weeks. With bears in control of the market, Polkadot’s short-term gains could be at risk.…
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Polkadot (DOT) Investor Confidence Falls As Token Loses 16%
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Polkadot’s value has been at its lowest levels since last month as investors and traders pull out of the market. According to Queen GeckoThe token has fallen by more than 16% in the past two weeks. With bears in control of the market, Polkadot’s short-term gains could be at risk.…
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Possible work stoppage at Canada’s two largest railroads could disrupt US supply chain next week
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Tom Kreischer Published on August 17, 2024 • Last updated 1 hour ago • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. FILE – Canadian Pacific…
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Bitcoin hits bottom, expect a spike to $68k level: analyst
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An anonymous cryptocurrency trader who calls himself “bubble hunter” Blontz says that Bitcoin may have bottomed out and is now poised to rise. In an August 15 post on X, the trader — who is known for his straight talk — said: Prediction A Bitcoin (BTC) analyst has declared that…
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Bitcoin hits bottom, expect a spike to $68k level: analyst
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An anonymous cryptocurrency trader who calls himself “bubble hunter” Blontz says that Bitcoin may have bottomed out and is now poised to rise. In an August 15 post on X, the trader — who is known for his straight talk — said: Prediction A Bitcoin (BTC) analyst has declared that…
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Discount Bank’s Q2 profit declines
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Discount Bank, Israel’s fourth-largest bank, reported a 12.6% drop in second-quarter profits compared to the second quarter of 2023, to NIS 1.04 billion. Return on equity for the quarter was 14.1% year-on-year, down from 18.1% in the corresponding quarter. The bank allocated provisions for credit losses in the second quarter…
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Oil prices no longer baking-in geopolitical risk premium for current ME conflict By Investing.com
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Oil prices have remained surprisingly stable despite rising geopolitical tensions in the Middle East, particularly in the wake of major violent incidents involving Hamas and Hezbollah leaders, Wells Fargo analysts said in a note dated Monday. These events, taking place in sensitive areas such as Tehran and Beirut, have exacerbated…
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Hurricane Ernesto knocks out power in Bermuda but major damage avoided By Reuters
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By Jasmine Patterson and Nicola Muirhead BERMUDA (Reuters) – Hurricane Ernesto knocked out power, uprooted trees and flooded parts of Bermuda on Saturday, but the British island appeared to have suffered no serious injuries or property damage, officials said after an initial assessment. The Category 1 storm brought strong winds…
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Hurricane Ernesto knocks out power in Bermuda but major damage avoided By Reuters
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By Jasmine Patterson and Nicola Muirhead BERMUDA (Reuters) – Hurricane Ernesto knocked out power, uprooted trees and flooded parts of Bermuda on Saturday, but the British island appeared to have suffered no serious injuries or property damage, officials said after an initial assessment. The Category 1 storm brought strong winds…
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Foxconn chief defends hiring practices after report married women rejected in India By Reuters
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Written by Praveen Paramasivam SRIPERUMBUDUR, India (Reuters) – Foxconn’s chairman defended its hiring practices on Saturday after New Delhi ordered an investigation following a Reuters report that the Apple supplier was rejecting married women from iPhone assembly jobs. “Foxconn hires regardless of gender, but women make up a large part…
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RUNE Up 17% After Talks Of Major Deal Hit The Market
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There is now some buzz surrounding ThorChain after new information about the chain was published that could change the course of RonAccording to CoinGecko, RUNE is on an upward trajectory with a staggering 17% gain since last week. This shows that investors believe RUNE has long-term potential once the effects…
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Amid a 14% Sell-Off, Nvidia Just Hit Investors With a Rude Awakening. What Should Investors Do?
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Capital markets have had a strong start to 2024. However, Standard & Poor’s 500 and Nasdaq Composite Some companies have given up some of their gains over the past month or so as stocks have seen significant selling activity. As of the time of writing, stocks are down artificial intelligence…
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Porsche agrees to provide capital in Varta restructuring deal By Reuters
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By Alexander Hubner and Emma Victoria Farr FRANKFURT (Reuters) – German battery maker Varta said on Saturday it had reached a restructuring agreement with its creditors, calling on sports carmaker Porsche to step in to rescue the troubled company. The company said the deal, reached after days of intense negotiations,…
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Trump holds over $1m in ETH, plus a MAGA meme coin
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Recent revelations about Donald Trump’s financial interests show that he holds millions of dollars in cryptocurrencies in addition to receiving significant income from NFT licensing fees. Although Disclosure The report by transparency advocacy group CREW did not indicate the exact amount of cryptocurrency Trump owns, and on-chain tracking platform Arkham…