Author: Investor Empires
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Warby Parker shares gain 3% on revenue beat, raised outlook By Investing.com
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NEW YORK — Warby Parker Inc. (NYSE: WRBY) shares jumped 3.7% after the eyewear retailer reported better-than-expected second-quarter revenue and raised its full-year outlook. The company reported second-quarter revenue of $188.2 million, beating analysts’ estimates of $187.04 million and up 13.3% year over year. However, Warby Parker reported a loss…
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The Degrowth of Bitcoin
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Austrian economics dominates the Bitcoin discourse, but it’s not the only heterodox economic theory to describe the importance of a form of money strikingly similar to Bitcoin. The negative growth and environmental economics aspects promote the end of fiat currencies and inflation. And while we often focus on the benefits…
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4 stocks to watch on Thursday: LLY, HOOD and more
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Jet City Image U.S. stock index futures pointed to a solid higher open on Thursday, after the latest labor market data eased concerns about an economic slowdown. Here are some stocks to watch on Thursday: Eli Lilly (LLY) Stock Up 13% In pre-market trading, after the pharmaceutical giant announced Raised…
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Yen flip-flops in volatile trading, keeping investors wary By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The yen faced choppy trading on Thursday after a sharp fall the previous day in a volatile week as investors had to digest the unwinding of popular interest rate positions and how Japanese monetary policy might evolve. The yen swung between a 0.14%…
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Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap
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After enduring a major drop to a seven-month low earlier this week, Bitcoin (BTC) showed resilience by regaining ground above the $57,000 threshold on Tuesday, sparking optimism among bullish investors who had hoped the worst of the slide was behind them. However, the leading cryptocurrency quickly fell by more than…
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Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap
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After enduring a major drop to a seven-month low earlier this week, Bitcoin (BTC) showed resilience by regaining ground above the $57,000 threshold on Tuesday, sparking optimism among bullish investors who had hoped the worst of the slide was behind them. However, the leading cryptocurrency quickly fell by more than…
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3-in-4 Americans say democracy is on the ballot in November
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About 3 in 4 American adults believe the upcoming presidential election is vital to the future of American democracy, though which candidate they think poses the biggest threat depends on their political leanings, according to a new poll. Survey from Associated Press-NORC Center for Public Affairs Research The study finds…
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The CHF is the strongest and the GBP is the weakest as the NA session begins
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As the North American session began, the Swiss Franc (and the Australian Dollar) were the strongest and the British Pound the weakest. The US Dollar was also weaker at the start of the US session. Yields fell on the day (but are still near their highs for the day) which…
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Binance Faces $86 Million Tax Penalty In India
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Image: milkroad.com In a significant development that has sent shockwaves through the cryptocurrency world, Binance, the world’s largest digital asset exchange, has been hit with a $86 million tax back order from Indian authorities. The landmark move by India’s Directorate General of Goods and Services Tax Intelligence not only highlights…
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Investor to buy Sh500m stake in Transmara’s Angata Sugar Mills
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An investor is set to acquire a 40 percent stake in Angata Sugar, which is developing a milling plant at Moiwi in Trans Mara, Narok County, disclosures show. Sources familiar with the deal said Savannah Crest (KE) Limited will pay about Sh500 million for the stake in Angata Sugar, and…
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Global stocks fall and yen rises as volatility reigns By Reuters
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By Harry Robertson LONDON (Reuters) – European shares fell and U.S. stock futures fell on Thursday after choppy sessions in Asia and on Wall Street as investors struggled to find their footing in a turbulent week for markets. The yen and U.S. bonds rose as traders awaited weekly U.S. jobless…
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Brazilian SEC greenlights first Solana ETF; launch hinges on stock exchange approval
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Brazil’s Securities and Exchange Commission has approved the country’s first exchange-traded fund. According to the Brazilian News Agency ExamThe Solana (SOL) ETF will be created by QR Asset and managed by Vortx. Additionally, CF Benchmark’s Solana Dollar Reference Rate Index will serve as a benchmark for the Solana ETF. ??…
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Ocado launches refillable packaging trial for everyday products
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Ocado is pioneering the experience of offering everyday items such as pasta, rice and washing up liquid in refillable packs, the first time an online supermarket has offered such an experience. The initiative will test a reusable container to store food and laundry products at no extra cost to customers.…
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Ocado launches refillable packaging trial for everyday products
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Ocado is pioneering the experience of offering everyday items such as pasta, rice and washing up liquid in refillable packs, the first time an online supermarket has offered such an experience. The initiative will test a reusable container to store food and laundry products at no extra cost to customers.…
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Yen shorts largely cleared; sell USD/JPY on rallies above 147
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Investing.com – The majority of short selling in the yen is likely to be liquidated quickly, according to UBS, which should reduce future volatility. The carry trade on the yen has been a major factor behind much of the market volatility recently, as the Bank of Japan’s decision to raise…
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Bitcoin ATMs to Face Bank-Level Scrutiny Under New California Law—Here’s Why
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California has now joined the global rise of cryptocurrency regulation. According to the latest a reportThe state regulator is working to create new regulatory frameworks targeting Bitcoin ATMs in Chico. according to Data According to Coin ATM Radar, the total number of Bitcoin ATMs in Czechoslovakia is currently around 347,…
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What the History-Making Elections of 2024 Could Mean for Energy
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Breadcrumbs Path Links PMN Business The new government in the UK, political deadlock in France, and dramatic confrontation in the US will have dire consequences for investment and the transition to clean fuels. Article author: Bloomberg News Bloomberg News Published on August 8, 2024 • Read for 5 minutes You…
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Daily Broad Market Recap – August 7, 2024
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Risk aversion returned to financial markets mid-week, but crude oil still managed to make good gains. What’s up with that and how did the rest of the asset classes perform? Here’s a quick summary of the headlines and economic updates that impacted the markets: headlines: China’s trade surplus July: $84.7…
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Michael Saylor Announces He Owns $1 Billion In Bitcoin Personally
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In a recent interview with Bloomberg, Michael Saylor, CEO and co-founder of MicroStrategy, revealed that beyond his company’s holdings, he personally owns at least 17,732 bitcoins, currently valued at about $1 billion. Saylor reiterated his commitment to bitcoin, saying, “I haven’t sold any bitcoins, and I continue to buy more…
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Tel Aviv light rail construction plagued by delays
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Major changes are underway deep inside Tel Aviv’s Ibn Gabirol Street. Tunnel boring machines have passed under the intersection with Nordau Street and reached what will become the Arlozorov station. The Green Line of the Tel Aviv Light Rail will extend from Rishon LeZion in the south via an underground…