Author: Investor Empires
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IAI enters $1.9b G2G agreement with Ministry of Defense
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Israel Aerospace Industries (IAI) announced this morning that it has signed an intergovernmental agreement with the Ministry of Defense to be the prime contractor for the manufacture and supply of defense systems to third parties. The total value of the project is expected to be approximately $1.9 billion. Payments to…
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Bitcoin Price Surge Past $60K Amid Largest ETF Inflow
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In a remarkable turnaround, Bitcoin, the leading cryptocurrency, has seen a major recovery, reclaiming the long-coveted $60,000 mark and pushing its market cap past the $1 trillion mark. This rally in Bitcoin’s price has been supported by increased institutional investment, as evidenced by large inflows into Bitcoin ETFs. Bitcoin sees…
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Brazil plane crash kills all 61 aboard By Reuters
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Written by Gabriel Araujo, Andre Romani and Luana Maria Benedetto SAO PAULO (Reuters) – A regional turboprop plane crashed near Sao Paulo in Brazil on Friday, killing all 61 people on board, the airline said. The plane, which was bound for Sao Paulo’s international airport, took off from Cascavel in…
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Leveraged funds’ yen net short position shrinks on carry trade unwind By Reuters
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Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – Leveraged funds’ net short positions in the Japanese yen shrank to their smallest net short position since February 2023 in the latest week, data from the U.S. Commodity Futures Trading Commission and the London Stock Exchange showed on Friday. Data through…
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Tether’s USDT achieves $115B market cap milestone
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The market cap of Tether’s stablecoin USDT has surpassed $115 billion. According to X is somewhat ambiguous. mail By CEO Paolo Ardoino, Tether’s stablecoin USDT (USDT) has reached a significant milestone, surpassing $115 billion in market cap. This achievement confirms USDT’s dominance in the stablecoin market, where it has accounted…
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Goldman Sachs Launches Preferred Stock ETF For High Income
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Stock market quote Goldman Sachs Asset Management Introduced a new preferred stock fund – its fifth fund for 2024. Goldman Sachs Axis U.S. Preferred Equity and Hybrid ETF (GPRF) It began trading on August 8, according to a company press release. The statement said that the GPRF Fund aims to…
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Global Market Weekly Recap: August 5 – 9, 2024
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Risk sentiment was one of the main driving forces behind price action for most of the week, although there were instances where some asset classes and major currencies deviated from the group. On the other hand, central bank events and high-profile economic updates highlighted divergences in interest rate expectations, spurring…
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Crypto Craze In Turkey: License Requests Soar Amid Regulatory Changes
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As the government works to create a more regulated legal environment for crypto assets, Turkey is seeing an increase in applications for cryptocurrency licenses. This trend, fueled by a group of Legal clarity and economic considerations, It shows how keen cryptocurrency companies are to operate in the country. The continued…
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Citi upgrades Nevro to neutral following sell-off (NYSE:NVRO)
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Adam Goulet Citi has upgraded Nevro (New York Stock Exchange: NFPRO) to neutral, citing the recent sell-off in the stock following the company’s revised guidance. The investment bank noted that Nevero’s shares have fallen about 74% since the beginning of the year, adding that it believes “there is little near-term…
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In the future you will vote for who can keep the lights on
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These comments from Brookfield CEO Bruce Flatt caught my attention: The next 20 years will be an unprecedented period for electricity generation. The electrification of industrial power, automobiles, home heating and other uses is driving unprecedented growth in electricity demand. Moreover, the world is adding data centers for artificial intelligence…
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Olympics track and field: Coaches explain how they train
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For Olympic fans, watch the pole vault. Mondo Duplantis Achieving his goal of winning the gold medal — and setting a world record — was one of the most exciting events of the 2024 Olympics. But that six-second moment came after countless hours of training that honed very specific traits:…
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Customers Bancorp names veteran Allen Love its chief compliance officer By Reuters
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(Reuters) – Customers Bancorp (NYSE:CBM) on Friday named industry veteran Allen Love as its chief compliance and anti-money laundering officer. The announcement comes a day after the US Federal Reserve imposed enforcement action on the bank, which manages $22 billion in assets, over “significant deficiencies” in its risk management and…
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Which Crypto Will Bring More Life-Changing Profits
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The cryptocurrency landscape is abuzz with excitement as investors weigh their options between Ripple (XRP) and rapidly emerging digital currencies. Mbebe (Mbebe) With both cryptocurrencies showing the potential for huge gains, the question on everyone’s mind is: which one will deliver life-changing profits? Ripple (XRP): Legal Victory Sparks Rally Ripple…
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Which Crypto Will Bring More Life-Changing Profits
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The cryptocurrency landscape is abuzz with excitement as investors weigh their options between Ripple (XRP) and rapidly emerging digital currencies. Mbebe (Mbebe) With both cryptocurrencies showing the potential for huge gains, the question on everyone’s mind is: which one will deliver life-changing profits? Ripple (XRP): Legal Victory Sparks Rally Ripple…
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Proposed Adani, JKIA deal risky and morally unfair to taxpayers
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In 2019, I wrote an opinion piece in Business Daily titled “Why the KQ/KAA Deal Is Unconvincing.” Kenya Airways (KQ), which was on the verge of bankruptcy, was to acquire the assets and operations of the Kenya Airports Authority (KAA) with the aim of using the authority’s cash flows to…
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Key events and releases for next week’s trading
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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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Here’s How Much Michael Saylor’s Personal Bitcoin Stash Is Now Worth
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As the cryptocurrency market continues to witness significant fluctuations, one prominent figure has emerged as a steadfast proponent and investor of Bitcoin (BTC) – Michael Saylor, the co-founder and former Chief Executive Officer (CEO) of MicroStrategy, a Nasdaq-listed software firm. Saylor’s unwavering belief in the long-term potential of Bitcoin has…
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Shein eyes UK warehouse as it prepares for £50bn London stock market debut
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Chinese fashion giant Shein is set to open its first warehouse in Britain as part of its preparations for a massive £50bn listing on the London Stock Exchange. The company, now headquartered in Singapore, is focusing its research on the “Golden Logistics Triangle” in the Midlands, a key region known…
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Evolent Health reports revenue growth and strategic acquisitions By Investing.com
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Evolent Health, Inc. (NYSE: NYSE:), a healthcare company that provides an end-to-end value-based care delivery platform, announced in its second-quarter earnings call that it has achieved revenue growth and is on track to meet its profitability targets for 2024. The company also detailed its strategic acquisition of Machinify Technology and…