Author: Investor Empires
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Equities Rebound Loses Steam as Yen Rises Again: Markets Wrap
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(Bloomberg) — A rally in Japanese stocks lost steam after the yen resumed its rise, threatening a nascent recovery in global equity markets that’s been supported by signs of resilience in the U.S. labor market. Most Read from Bloomberg The Topix index’s gains narrowed to 0.6 percent from about 2…
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Asia FX firms on positive US, China readings; yen faces renewed pressure By Investing.com
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Most Asian currencies rose on Friday as positive economic readings from the United States and China helped ease recession fears, although improved risk appetite put renewed pressure on the Japanese yen. The dollar found some strength thanks to better-than-expected labor market data, although any major advance in the greenback was…
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Bitcoin Bull Michael Saylor Reveals Shocking Facts About The BTC Price Volatility
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Earlier this week, Bitcoin, the largest cryptocurrency asset, saw a sharp decline as a result of the Japanese stock market crash, demonstrating the volatile nature of the asset during macroeconomic turmoil. In the wake of the recent market turmoil, Michael Saylor, the co-founder and CEO of the popular Bitcoin company,…
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Air Transport Services reports mixed Q2 results; raises FY24 Adjusted EBITDA outlook
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2024 Predictions: Taking into account the four aircraft leases that have commenced since the end of June, ATSG expects adjusted EBITDA of approximately $526 million in 2024. ATSG expects 2024 capital spending to be $390 million, down from the $410 million estimated in May 2024 and $400 million lower than…
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Chart Art: Bitcoin (BTC/USD) Is Eyeing A Mid-channel Resistance
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The recovery in risk appetite has sent volatile assets like Bitcoin higher against the US dollar! The BTC/USD pair just bounced off the technical support area and looks ready to test a major turning point. Will the crypto pair continue its gains today? Bitcoin (BTC/USD) Daily Chart by TradingView If…
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Chart Art: Bitcoin (BTC/USD) Is Eyeing A Mid-channel Resistance
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The recovery in risk appetite has sent volatile assets like Bitcoin higher against the US dollar! The BTC/USD pair just bounced off the technical support area and looks ready to test a major turning point. Will the crypto pair continue its gains today? Bitcoin (BTC/USD) Daily Chart by TradingView If…
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Putin Signs Law Legalizing Cryptocurrency Mining in Russia
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Russian President Vladimir Putin has officially signed a law legalizing cryptocurrency mining in Russia. According to a report According to the Russian news agency TASS, the law introduces several key concepts, including cryptocurrency mining, mining pools, and mining infrastructure operators. Now Russia recognizes mining activities as part of the business…
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Putin Signs Law Legalizing Cryptocurrency Mining in Russia
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Russian President Vladimir Putin has officially signed a law legalizing cryptocurrency mining in Russia. According to a report According to the Russian news agency TASS, the law introduces several key concepts, including cryptocurrency mining, mining pools, and mining infrastructure operators. Now Russia recognizes mining activities as part of the business…
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Fed official says no rate cuts yet, inflation still above target
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Kansas City Federal Reserve President Jeffrey Schmid indicated he is not prepared to support cutting interest rates as inflation rises above target and the labor market remains healthy despite some slowdown. Speaking to the Kansas Bankers Association, Schmid said the recent decline in inflation was “encouraging” and that further reports…
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A calmer mood set to greet European traders later today
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Major currencies are mostly trading little, with USD/JPY even staying below the 100-point range for the first time in Asia this week. Overall, the USD has been trading slightly lower, but today’s moves leave a lot to be desired. Here’s an overview of the current USD pairs: US weekly jobless…
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Ethereum Price Rises, Striving to Catch Up with Bitcoin’s Rally
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Ethereum price gained momentum to move above the $2,550 resistance area. Ethereum is now consolidating near $2,680 and is eyeing further gains above $2,750. Ethereum started a decent rally above the $2,450 and $2,550 levels. The price is trading above the $2,550 level and the 100-hour simple moving average. A…
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Ethereum Price Rises, Striving to Catch Up with Bitcoin’s Rally
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Ethereum price gained momentum to move above the $2,550 resistance area. Ethereum is now consolidating near $2,680 and is eyeing further gains above $2,750. Ethereum started a decent rally above the $2,450 and $2,550 levels. The price is trading above the $2,550 level and the 100-hour simple moving average. A…
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KPA offloads cargo from vessel grounded off Mombasa port
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The Kenya Ports Authority has begun unloading cargo from a ship that ran aground more than two months ago while sailing from the port of Mombasa to neighbouring Dar es Salaam carrying 209 containers. The Mombasa port manager said about 96 shipping containers have so far been unloaded from the…
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Asian stocks rise on cooling recession fears, positive China inflation By Investing.com
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Asian stocks rose on Friday as concerns about an approaching recession in the United States eased, while somewhat positive inflation data from China also helped boost sentiment. But regional markets are still heading towards weekly losses after recording sharp declines at the start of the week. Asian stocks benefited from…
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Californian County To Regulate Them
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The rapid growth of Bitcoin ATMs across California counties has raised concerns about potential cryptocurrency fraud and financial crimes. In response, state and local lawmakers have taken proactive steps to regulate Bitcoin ATMs across these crypto kiosks. Butte County, in particular, has emerged as a leader in this regulatory effort,…
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Californian County To Regulate Them
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The rapid growth of Bitcoin ATMs across California counties has raised concerns about potential cryptocurrency fraud and financial crimes. In response, state and local lawmakers have taken proactive steps to regulate Bitcoin ATMs across these crypto kiosks. Butte County, in particular, has emerged as a leader in this regulatory effort,…
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Insights from Camilla Hadcock, Director of Roach Bridge Tissues
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Roach Bridge Tissues, a wrapping paper printing and converting company, serves the retail and e-commerce point-of-sale markets with a diverse range of customers including designer apparel, footwear, cut glass, pottery, wine bottle wrapping, sheet metal interlining, optical lenses, packaging and home transportation. About 70% of the company’s sales are custom…
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Fed easing bets, carry trade unwind turn analysts bullish on Asian currencies: Reuters poll By Reuters
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Written by Sameer Manikkar (Reuters) – Analysts have become bullish on most major Asian currencies for the first time in more than a year, supported by rising bets on interest rate cuts by the U.S. Federal Reserve and the unwinding of yen-funded carry trades, a Reuters poll showed. A biweekly…
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Eric Trump denies father’s connection to rugged RTR memecoin
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US President Donald Trump’s second son has denied any connection between the Trump family and a viral symbol called “Restore the Republic.” Another day, another rug pull. One of the coins, Restore The Republic (RTR), rumored to be Trump’s official cryptocurrency, has left speculators in shock after developers caused the…
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TA of the Day: Solana’s Surprising Comeback! What’s Next for SOL After Crypto Market Turmoil?
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Cryptocurrencies It has seen a recovery from Monday’s massive sell-off, with Solana (SOL) leads the charge. Solana (SOL) has emerged as a strong competitor in the cryptocurrency market, often referred to as the “Ethereum Killer“.” Despite recent volatility, Solana offers compelling reasons for crypto traders to consider adding it to…