Author: Investor Empires
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Canada May retail sales -0.8% vs -0.6% expected
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Previously +0.7% (revised to +0.6%) Previous cars -1.3% vs. -0.5% expected Previous excluding autos +1.8% (revised to +1.7%) Excluding autos and gasoline -1.4% vs. +1.4% previously The largest decline in sales was at food and beverage retailers (-1.9%). Sales also fell in May at building materials, garden equipment and supplies…
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Businessman Scammed Out of $400K in Crypto, 3 Arrested in Hong Kong
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Hong Kong police have arrested three individuals on suspicion of defrauding a businessman of HK$3.11 million, equivalent to about US$399,000, in crypto assets by offering him three bundles of counterfeit HK$1,000 banknotes. Officers reportedly seized 10,978 counterfeit HK$1,000 notes during a raid on the Mong Kok office where the fraudulent…
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Businessman Scammed Out of $400K in Crypto, 3 Arrested in Hong Kong
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Hong Kong police have arrested three individuals on suspicion of defrauding a businessman of HK$3.11 million, equivalent to about US$399,000, in crypto assets by offering him three bundles of counterfeit HK$1,000 banknotes. Officers reportedly seized 10,978 counterfeit HK$1,000 notes during a raid on the Mong Kok office where the fraudulent…
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Trump Fans Yell They Want Biden, Not Harris, as 2024 Opponent
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Breadcrumbs Path Links PMN Business Donald Trump polled supporters at his Michigan rally on whether they would prefer him to run against President Joe Biden or Vice President Kamala Harris. A large group of voters indicated they wanted the 81-year-old president to be Trump’s opponent. Article author: Bloomberg News Mark…
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US to take ‘hard look’ at fighter project, top official says By Reuters
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By Tim Heffer FAIRFORD, England (Reuters) – The United States will closely examine its plans for the Next Generation Air Dominance platform – a future family of fighter jets and drones – before deciding whether to go ahead, U.S. Air Force Secretary Frank Kendall said on Saturday. The cost of…
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Microsoft Outage Draws Criticism From Crypto Community, Is Shiba Inu The Answer?
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The team behind Shiba Inu Microsoft recently experienced the largest IT outage in history on Friday, July 19. Businesses around the world were struggling with the shutdown due to a Microsoft shutdown that was caused by a glitch. The outage occurred through CrowdStrike, a cybersecurity platform that encountered an issue…
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Housing sales in Israel up 37%
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The Central Bureau of Statistics reports that 22,610 housing transactions were recorded between March and May 2024, an increase of 37% over the same period in 2023 and an increase of 2.7% over the previous three months. An exceptionally high 47.4% of the homes sold were new homes, and 20%…
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Canada industrial product prices for June 0.0% vs 0.2% expected
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Previous CPI rates were revised 0.0% to 0.2%. IPPI Rates 0.0% vs. 0.2% Expected IPPI rates are 2.8% annual. Raw Materials Price Index -1.4% vs. -0.7% expected. Previous month -1.5% The wholesale price index rose 7.5% year-on-year for the fourth consecutive year. The rule implemented the annual increase level as…
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Bitcoin Option Traders Are Betting On A Price Breakout Ahead Of US Elections: QCP Capital
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Bitcoin has been on a steady rise over the past seven days, returning to the $61,000 and $67,000 areas where it spent most of the second quarter. This positive performance comes despite fear, uncertainty and doubt due to speculation about Mt. Gox repaying its customers. Interestingly, recent trading data has…
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VP Harris hits fundraising trail amid ongoing calls for Biden to leave race By Reuters
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By Trevor Hunnicutt and Jeff Mason JOINT BASE CAPE COD, Massachusetts/REHOBOTH BEACH, Delaware (Reuters) – U.S. Vice President Kamala Harris will attend a fundraiser in Massachusetts on Saturday as President Joe Biden faces continued pressure from fellow Democrats and major donors to end his struggling campaign. Biden and his top…
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US FAA probes latest Southwest Airlines flight that posed safety issues By Reuters
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By David Shepardson The U.S. Federal Aviation Administration said Saturday it was investigating a Southwest Airlines plane that crashed after flying too low over Tampa Bay, Florida, the latest in a series of incidents that have raised safety questions. The Southwest Boeing 737 Max, which departed from Columbus, Ohio, on…
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NPC token gains 32% following Elon Musk post
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A seemingly innocuous post by X owner Elon Musk has helped push the price of the little-known non-playable coin (NPC) by over 32%. On July 20, Musk posted a video of popular reporter and influencer Mario Novell on his X account. In the video, Novell engages in a discussion about…
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Why Warren Buffett’s favorite valuation indicator is flashing a warning for stocks
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Warren BuffettReuters/Rick Wilking The Buffett Indicator suggests that U.S. stocks may be overvalued. This index was coined by Warren Buffett and measures the total market capitalization of the United States relative to GDP. “If it gets close to 200 percent — as it did in 1999 and part of 2000…
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Biden’s family has started discussing his exit plan – report
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Amnesty International Image NBC Reports Biden’s family has specifically discussed how he wants to end his campaign, including the timing, sources familiar with the matter said. Biden’s family members have specifically discussed how he wants to end his reelection bid on his own time and with a carefully calculated plan,…
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State Street Is Exploring a Stablecoin and Tokenized Deposits Launch: Report
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State Street Corp., a major Boston-based firm in traditional finance, is exploring launching its own stablecoin and tokenized deposits to improve payment settlement using blockchain technology. According to Bloomberg a report On Wednesday, the bank made active efforts to integrate into the cryptocurrency space. State Street Seeks Digital Expansion In…
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United Airlines, American Airlines provide updates after global IT outage (NASDAQ:UAL)
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labsas/iStock Not published via Getty Images United AirlinesNASDAQ: UAL) said on Saturday that most of its technology systems were back up and running a day after a global IT outage, while American Airlines said itNASDAQ:AL) said its operations were fully back to normal. Wrong update from cybersecurity company Crowd Strike…
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‘Epic’ tech selloff will continue unless mega cap Tech lifts revenue guidance: GS By Investing.com
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The massive momentum reversal in favor of small-cap stocks at the expense of large-cap stocks is likely to continue, according to strategists at Goldman Sachs. Last week, small-cap companies posted a historic weekly performance versus large-cap companies, attributed to several factors, including slowing inflation and expectations that the Federal Reserve…
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Spot Ethereum ETFs: Cboe Announces Official Launch Date For These 5 Funds
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After a long period of speculation and uncertainty, Spot Ethereum ETFs will officially begin trading next week, on Tuesday, July 23, 2024. The Chicago Board Options Exchange (CBOE) announced this important development. Five Ethereum ETFs to Launch on Cboe Next Week On Friday, July 19, the Chicago Board Options Exchange…
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Spot Ethereum ETFs: Cboe Announces Official Launch Date For These 5 Funds
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After a long period of speculation and uncertainty, Spot Ethereum ETFs will officially begin trading next week, on Tuesday, July 23, 2024. The Chicago Board Options Exchange (CBOE) announced this important development. Five Ethereum ETFs to Launch on Cboe Next Week On Friday, July 19, the Chicago Board Options Exchange…
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Trump tariffs at 60% would slam China’s economy, UBS says
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Republican presidential candidate Donald Trump has said he could impose a 60% tariff on Chinese imports if he returns to the White House, and a new analysis predicts that would significantly slow the world’s second-largest economy and push it to the brink of recession. Given the effects of Trump’s tariffs…