Author: Investor Empires
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Stellantis triggers government scrutiny with Comau stake sale By Reuters
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MILAN (Reuters) – Automaker Stellantis will sell a majority stake in its robotics unit Comao to OneEquity Partners, the three companies said in a statement on Thursday, in a move aimed at supporting Comao’s expansion beyond the automotive sector. Financial details of the deal were not disclosed, but US private…
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Expert explains why Ethereum price suffered a harsh reversal
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Ethereum price has fallen for two consecutive days, erasing most of the gains of the past three weeks. Ethereum (ETH) price fell to $3,145 on Thursday, its lowest level since July 13 and 11% below its high point this week. Ethereum Price Chart | Source: TradingView Why is the price…
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Investors turn long on Singapore dollar after 7 months; bearish bets on Asian FX ease
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Written by Roshni Nair (Reuters) – Investors have become bullish on the Singapore dollar for the first time since mid-December as growth and inflation dynamics in the city-state continue to support the local currency, while bearish bets on most Asian currencies have eased, a Reuters poll showed on Thursday. Long…
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Bitcoin Set For Explosive Rally As Hash Ribbons Flashes Buy Signal: Analyst
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In an encouraging development for Bitcoin investors, the ticker tapes indicator, a prominent market indicator, has shown a potential buy signal, sparking optimism about the largest crypto asset. As a result, TOBTC, a trading platform and analyst, sold 10… And expect Bitcoin is expected to see a huge surge, due…
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MARA Purchases $100 Million of Bitcoin, Adopts HODL Strategy
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Mara MARA (NASDAQ:MARA), a leader in leveraging digital asset computing to transform energy, has purchased $100 million worth of bitcoin, bringing its total holdings to more than 20,000 bitcoins, according to a press release sent to Bitcoin Magazine. The company also announced a new treasury policy to adopt a full…
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US sees Mohammed Dahlan as Gaza leader – report
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The United States and Arab mediators between Israel and Hamas are trying to promote Mohammed Dahlan as the potential leader of the Gaza Strip after the war, according to the Wall Street Journal. Dahlan has lived in Abu Dhabi for many years. But since the war began, the Wall Street…
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IMAX Shares Add 5% After Q2 Earnings and Revenue Beat By Investing.com
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NEW YORK — IMAX Corporation (NYSE: NYSE:) reported a big beat in both earnings and revenue for the second quarter of 2024, sending its shares up 5.5% as the market reacted to the news. The global entertainment platform reported adjusted earnings per share of $0.18, beating analysts’ expectations of $0.08.…
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Will the Bears Continue to Rule?
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My name is Godspur Oye, I was born and raised in Edo State, Nigeria. I grew up with my three brothers who have always been my role models and mentors, helping me grow and understand the way of life. My parents are the backbone of my story. They have always…
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Will the Bears Continue to Rule?
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My name is Godspur Oye, I was born and raised in Edo State, Nigeria. I grew up with my three brothers who have always been my role models and mentors, helping me grow and understand the way of life. My parents are the backbone of my story. They have always…
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Scotiabank sees ‘deep value’ in Sage Therapeutics stock despite study setback By Investing.com
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On Wednesday, Scotiabank revised its outlook on Sage Therapeutics (NASDAQ:SAGE), lowering its price target to $17 from $19 previously while maintaining a sector outperform rating on the stock. The decision comes after the company’s recent stock price decline due to the unsuccessful outcome of the KINETIC-2 study, which tested SAGE-324…
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Dollar slips ahead of GDP data; euro rises and yen surges By Investing.com
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Investing.com – The U.S. dollar fell on Thursday, the euro posted small gains and the Japanese yen rose to multi-month highs ahead of a Bank of Japan meeting next week. At 05:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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Philippines Set To Launch CBDC By 2029
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The Bangko Sentral ng Pilipinas (CBPC) is the largest bank in the Philippines.B S BChina is set to launch a wholesale central bank digital currency (CBDC) by 2029. The move comes amid a global trend for central banks to explore the potential of CBDCs to enhance digital currency payment systems,…
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Philippines Set To Launch CBDC By 2029
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The Bangko Sentral ng Pilipinas (CBPC) is the largest bank in the Philippines.B S BChina is set to launch a wholesale central bank digital currency (CBDC) by 2029. The move comes amid a global trend for central banks to explore the potential of CBDCs to enhance digital currency payment systems,…
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Dow misses profit estimates on lower demand in Asia, Europe
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(Reuters) – Dow Chemical Co said on Thursday it missed second-quarter earnings expectations, hurt by lower prices and demand in key markets including Asia and Europe. Manufacturing activity in the eurozone and China declined during the quarter, with Chinese economic data in June showing raw material stocks in contraction territory.…
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Dollar rally in previous years still leave much room for correction – SocGen
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The firm claims that the dollar’s appreciation over the 2021-22 period means there is still room for a deeper correction in the US currency’s downward momentum ahead. The firm does not expect the dollar to test the lows it hit at the end of 2020, but says the currency is…
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Thailand reveals date for $14b digital currency giveaway
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Thailand has announced the launch date of long-awaited cash handouts to boost the economy and tackle high household debt. Thailand has announced the launch date of its digital currency, aiming to stimulate economic activity and address the country’s high household debt, according to Bloomberg. ReportsThai Finance Minister Pichai Chunhavajira said…
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Thailand reveals date for $14b digital currency giveaway
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Thailand has announced the launch date of long-awaited cash handouts to boost the economy and tackle high household debt. Thailand has announced the launch date of its digital currency, aiming to stimulate economic activity and address the country’s high household debt, according to Bloomberg. ReportsThai Finance Minister Pichai Chunhavajira said…