Author: Investor Empires
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Clear Secure stock soars to 52-week high of $26.98 By Investing.com
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Clear Secure, Inc. (YOU) has reached a new 52-week high, with its stock price rising to $26.98. This milestone reflects a significant upward trend in the company’s market performance, marking a noteworthy achievement for the identity security company. Over the past year, Clear Secure has seen an impressive 20.55% increase…
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Mars to boost snack portfolio in mega $36 billion deal for Pringles maker Kellanova By Reuters
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Written by Anirban Sen and Savita Mishra (Reuters) – Family-owned candy giant Mars Inc is buying Cheez-It maker Kellanova in a deal worth about $36 billion, combining consumer food brands from M&M’s and Snickers to Pringles and Pop-Tarts in one of the industry’s biggest deals. Mars Inc. said on Wednesday…
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Canadian Crypto Exchange Founder Guilty Of Stealing $9.5M
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Recently, a panel set up by the British Columbia Securities Commission (BCSC) found that cryptocurrency exchange ezBtc was responsible for defrauding users of $13 million in Bitcoin (BTC) and Ether (ETH) between 2016 and 2029. The exchange’s founder misappropriated the funds and caused “actual loss” to investors. Cryptocurrency Savings Program…
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Canadian Crypto Exchange Founder Guilty Of Stealing $9.5M
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Recently, a panel set up by the British Columbia Securities Commission (BCSC) found that cryptocurrency exchange ezBtc was responsible for defrauding users of $13 million in Bitcoin (BTC) and Ether (ETH) between 2016 and 2029. The exchange’s founder misappropriated the funds and caused “actual loss” to investors. Cryptocurrency Savings Program…
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US futures edge higher as key inflation report matches expectations
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U.S. stock futures rose on Wednesday as Wall Street digested a key signal on consumer prices that is set to help shape the future of near-term interest rate policy. Futures tied to the S&P 500 (ES=F) and Nasdaq (NQ=F) were up about 0.2%. Dow Jones Industrial Average (YM=F) futures were…
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BofA expects renewed Swiss franc weakness amid SNB action By Investing.com
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Bank of America Securities analysts highlighted the Swiss National Bank’s recent intervention in foreign exchange markets, which was aimed at weakening the Swiss franc amid significant market turmoil. Bank of America expects further depreciation of the Swiss franc, as the real effective exchange rate has largely recovered from its decline…
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Goldman Sachs Holds Over $400M in Spot Bitcoin ETFs
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Goldman Sachs has disclosed holdings of $418 million in Bitcoin exchange-traded funds (ETFs), indicating growing institutional appetite for exposure to the cryptocurrency. Breaking: ?? Goldman Sachs announces holding over $400 million in the stock market #Bitcoin ETFs in New SEC Filing ? pic.twitter.com/n4nWDfCm6w — Bitcoin Magazine (@BitcoinMagazine) August 14, 2024…
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Sportradar sees bulls and bears weigh in after earnings (NASDAQ:SRAD)
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Just_Super/E+ via Getty Images Jefferies has updated Sportradar Group AG (NASDAQ: SARAD) to a Buy rating from Hold on Wednesday after reading the company’s second-quarter earnings report. Analyst David Katz highlighted the significant progress Sportradar (SRAD) has made in demonstrating the strength of “The industry dynamics are currently in favor…
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3 Unusual Tips for Newbie Forex Traders
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Are you tired of the good old trading tips for beginners? Here are some unusual (but very useful!) tips I’ve received from trading professionals: 1. Don’t look at profit and loss. Wait, what..? That’s right, close the P/L tab on your trading platform or cover this panel with tape if…
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Bigger Risks More Returns: Ethereum’s Volatility Surpasses Bitcoin’s by 50%, Data Shows
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Although Bitcoin (BTC) and Ethereum (ETH) are still struggling to reclaim their all-time highs, there seems to be a clear reality between both assets now, as shown in the latest Data. In particular, according to a recent Matrixport report, Ethereum is now experiencing greater price volatility compared to Bitcoin in…
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Londoners go to war with upmarket chain Gail’s over gentrification
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Hundreds of people in London’s trendy Walthamstow district have signed a petition against a new bakery opening in the area, with locals complaining about the group’s former chairman’s comments on Covid, Brexit and vigilantism. Residents of Walthamstow are trying to prevent the opening of Gill’s store, fearing it could lead…
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NZDUSD Technical Analysis – A more dovish RBNZ weighs on the Kiwi
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Basic Overview Yesterday, the US PPI report came in below expectations by a wide margin, leading to a sell-off in the US dollar as the market began to prepare for a potentially weak US CPI release today. This led to a major breakout in the NZD/USD pair, which was short-lived…
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Are They Truly The Future Of Money?
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Stablecoins image In an age where cryptocurrencies are reshaping the financial landscape, stablecoins have emerged as a vital bridge between traditional currencies and digital assets. As their name suggests, stablecoins are designed to maintain a stable value, often pegged to a currency like the U.S. dollar. This makes them a…
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Value of Kenya tea exports to Pakistan up 11pc on demand
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The value of Kenyan tea bought by Pakistan rose 10.6 percent in the six months to June, extending the Asian nation’s dominance as the biggest buyer of the drink from the East African nation and helping to offset falling sales to other major buyers. New data from the Central Bank…
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Mercedes-Benz chief in South Korea to meet residents after EV fire damaged property By Reuters
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SEOUL (Reuters) – The head of Mercedes-Benz in South Korea on Wednesday met residents of an apartment complex damaged by a fire that started in one of its electric cars and raged for more than eight hours, raising concerns about public safety. Mercedes-Benz Korea CEO Matthias Veitel will hold a…
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Riot increases stake in Bitfarms with $2.2m share purchase
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Riot continues its acquisition efforts, recently purchasing $2.2 million worth of shares in Bitfarms. Riot Platforms announced the purchase of 1 million common shares from rival Bitfarms, raising its stake in the Canadian bitcoin mining company to around 18.90%. press releaseRiot said the shares were acquired at a weighted average…
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Riot increases stake in Bitfarms with $2.2m share purchase
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Riot continues its acquisition efforts, recently purchasing $2.2 million worth of shares in Bitfarms. Riot Platforms announced the purchase of 1 million common shares from rival Bitfarms, raising its stake in the Canadian bitcoin mining company to around 18.90%. press releaseRiot said the shares were acquired at a weighted average…
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Boris Johnson in talks over potential telegraph role as Zahawi consortium advances in auction
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Former UK Prime Minister Boris Johnson held informal discussions about a possible role at the Telegraph as part of Nadhim Zahawi’s bid to take over the paper. Zahawi, who served as an adviser under Johnson, is currently assembling a consortium to buy the Telegraph in an ongoing auction. A source…
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Dollar sags after benign US inflation data; kiwi skids on rate cut By Reuters
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By Kevin Buckland TOKYO (Reuters) – The dollar remained lower on Wednesday after falling against its major peers overnight as a strong U.S. producer price reading bolstered bets the Federal Reserve will cut interest rates this year. The New Zealand dollar fell sharply from a four-week high after the Reserve…
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As Crypto Markets Wrestle With Adversity These Three Coins are Performing admirably XRP, RLBK, and BNB Discover Why
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The cryptocurrency market has been turbulent since July. Many tokens have seen their value drop sharply. However, three cryptocurrencies are still holding up — Rollblock, XRP, and Binance Coin. XRP and Binance Coin have seen a strong rebound after a sharp drop in early August. Meanwhile, Rollblock is a relative…