Author: Investor Empires
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Celsius Drags Tether To Court In $3.5 Billion Legal Showdown
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Celsius, a cryptocurrency lender, has filed a lawsuit against Tether, accusing it of misappropriating assets. The move comes amid the cryptocurrency company, which filed for bankruptcy in 2022,’s latest attempt to recover billions of dollars in funds for creditors. Why is Celsius asking for over $3.5 billion from Tether? Bankrupt…
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UK Government cancels £1.3 billion AI and tech funding amid economic tightening
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In a major policy shift, the UK government has cancelled £1.3bn in funding for research and development into artificial intelligence and technology, as part of wider efforts to stabilise the economy. The funding, initially promised by the previous Conservative government, was intended to boost the UK’s position as a global…
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3 sectors to consider amid selloff in European stocks: HSBC By Investing.com
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Amid the recent sell-off in European stocks, HSBC analysts have recommended focusing on three key sectors: healthcare, industrials and the UK market. The guidance comes as broader market conditions shift and defensive investments gain momentum. Healthcare: HSBC continues to favor the healthcare sector due to its defensive nature. In times…
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Hindenburg Claims Sebi Chief Has Adani Conflict Which She Denies
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Breadcrumbs Path Links PMN Business Hindenburg Research has accused the head of India’s market regulator of a conflict of interest, which it says prevented a thorough examination of allegations of manipulation and fraud at the Adani Group, an allegation she has strongly denied. Article author: Bloomberg News Menaka Doshi Published…
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Newsquawk Week Ahead: US CPI & Retail Sales; UK CPI & Jobs data; Aussie jobs and RBNZ
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12th-16th August 2024 Mon: OPEC Monthly Oil Market Report; Japanese Market Holiday (Mountain Day), German Retail Sales (May), Indian Trade Balance (Jul)Tue: IEA Oil Market Report, Australian Wage Price Index (Q2), UK Jobs (Jun/Jul), German ZEW Survey (Aug), US PPI (Jul)Wed: RBNZ Announcement and Quarterly MPS, Bank of Israel Announcement,…
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Thailand Launches Regulatory Sandbox To Foster Crypto Innovation
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Image provided by: crypto slate Thailand has taken a major step in embracing the digital asset landscape by launching a pioneering regulatory environment aimed at fostering the development and experimentation of new cryptocurrency-related services. This move by Securities and Exchange Commission of Thailand (SEC) This decision confirms the state’s commitment…
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Thailand Launches Regulatory Sandbox To Foster Crypto Innovation
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Image provided by: crypto slate Thailand has taken a major step in embracing the digital asset landscape by launching a pioneering regulatory environment aimed at fostering the development and experimentation of new cryptocurrency-related services. This move by Securities and Exchange Commission of Thailand (SEC) This decision confirms the state’s commitment…
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Shekel rebounds strongly despite continued tension
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Despite Israel remaining on edge following Iran’s vow to avenge the assassination of Hamas political leader Ismail Haniyeh in Tehran last week, the shekel made sharp gains today. The day’s gains cap a week of shekel weakness that saw the Israeli currency trade at its weakest level against the U.S.…
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How to stay calm and navigate market volatility By Investing.com
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Market volatility is an inherent feature of stock investing. Periods of rapid price movements, often driven by investor sentiment and economic uncertainty, can spark fear and panic. However, as Wells Fargo emphasizes, a long-term perspective and a disciplined investment approach are essential to weathering these storms. Understanding investor behavior Investors…
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IRS lightens crypto reporting requirements for tax filings
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The Internal Revenue Service has simplified reporting requirements in the latest version of Form 1099-DA, which cryptocurrency brokers and taxpayers will use to report digital asset transactions. According to August 9 to updateThe new draft removes many requirements that were part of the April version when the IRS first introduced…
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Zelenskiy acknowledges Ukraine’s military operation in Russia By Reuters
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Written by Oleksandr Kozhukhar KIEV (Reuters) – Ukrainian President Volodymyr Zelenskiy acknowledged for the first time on Saturday that Ukrainian forces were fighting a surprise assault on the Russian city of Kursk, as attacks continued on the border region as authorities scrambled to evacuate people. Moscow’s forces are fighting a…
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Intel, SMCI hit by downgrades; Micron still top semis pick By Investing.com
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Investing.com – Here are analysts’ biggest moves in artificial intelligence (AI) this week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! New Street upgrades Nvidia to buy, says recent pullback presents opportunity to add more exposure New Street Research raised Nvidia Corp. (NASDAQ: ) to…
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Intel, SMCI hit by downgrades; Micron still top semis pick By Investing.com
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Investing.com – Here are analysts’ biggest moves in artificial intelligence (AI) this week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! New Street upgrades Nvidia to buy, says recent pullback presents opportunity to add more exposure New Street Research raised Nvidia Corp. (NASDAQ: ) to…
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Costa Rica Heist: Israeli Tourists Lose $700,000 In Bold Bitcoin Robbery
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In Costa Rica, a group of visiting Israeli tourists have become the latest victims of a long string of spectacular beach robberies in the city. Eleven visiting Israeli tourists went to a social gathering I lost almost $700k worth of bitcoinThis is one of the most significant events in the…
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Costa Rica Heist: Israeli Tourists Lose $700,000 In Bold Bitcoin Robbery
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In Costa Rica, a group of visiting Israeli tourists have become the latest victims of a long string of spectacular beach robberies in the city. Eleven visiting Israeli tourists went to a social gathering I lost almost $700k worth of bitcoinThis is one of the most significant events in the…
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Small US Inflation Pickup Won’t Derail a Fed Rate Cut in September
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(Bloomberg) — U.S. inflation is likely to rise modestly in July, but not enough to deter the Federal Reserve from a widely expected interest-rate cut next month. Most Read from Bloomberg The consumer price index on Wednesday is expected to rise 0.2% from June for both the headline number and…
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BeautyHealth faces headwinds, focuses on turnaround By Investing.com
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During The Beauty Health Company’s (ticker: SKIN) second quarter 2024 earnings call, CEO Marla Beck provided an overview of the company’s financial performance, highlighting a 23% year-over-year decline in revenue to $91 million, and outlined strategic initiatives to improve business prospects. Despite the downturn, driven by slower device sales and…
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Bitcoin Death Cross Threatens To Trigger Crash If Price Does Not Hold $62,000
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Cryptocurrency Analyst Benjamin Cowan We recently discussed the impact of the deadly cross indicator, which has reappeared on the Bitcoin chart. Thanks to this indicator, Price level $62,000 It has become imperative for Bitcoin to avoid another price collapse. Kaun pointed out in video He posted on his YouTube channel…