Author: Investor Empires
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Wells Fargo reports mixed Q2 results, plans dividend hike By Investing.com
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Wells Fargo & Company (WFC) reported its second-quarter financial results, revealing both strengths and challenges as it continues its transformation journey. CEO Charlie Scharf emphasized the growth in fee-based revenue and strategic improvements in the credit card and corporate investment bank sectors. Despite a decrease in net interest income and…
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Denmark’s Controversial Crypto Regulations: Bans Unhosted Bitcoin Wallets
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the Danish Financial Supervisory Authority (DFSA) It has recently made headlines with its plans to tighten regulations on the cryptocurrency industry. At the forefront of these changes is the Dubai Financial Services Authority’s intention to eliminate the use of Bitcoin wallets that are not hosted in the country. The move,…
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Denmark’s Controversial Crypto Regulations: Bans Unhosted Bitcoin Wallets
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the Danish Financial Supervisory Authority (DFSA) It has recently made headlines with its plans to tighten regulations on the cryptocurrency industry. At the forefront of these changes is the Dubai Financial Services Authority’s intention to eliminate the use of Bitcoin wallets that are not hosted in the country. The move,…
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Microsoft and Apple abandon OpenAI board seats amid regulatory scrutiny
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Microsoft and Apple have withdrawn from their observer seats on OpenAI’s board of directors in response to global regulatory concerns about the relationships between big tech companies and influential AI startups. Microsoft, which has invested $13 billion in OpenAI, has informed the ChatGPT maker that it is resigning “effective immediately”…
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Tesla and SMCI stocks downgraded By Investing.com
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Investing.com – Here are analysts’ biggest moves in artificial intelligence (AI) this week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! UBS Downgrades Tesla (NASDAQ:) to Sell on Revaluation, Rising AI Costs Analysts at UBS on Friday downgraded Tesla shares to sell from neutral, while…
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Top cryptocurrencies to watch this week
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The cryptocurrency market saw a slight recovery last week. Although Bitcoin (BTC) suffered initial setbacks at the beginning of the week, it eventually regained some of the lost ground, giving strength to the rest of the market. Some altcoins made impressive and even stronger recoveries. This led to the global…
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Rate cut won’t impact affordability, Canadians say in survey
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Article Content A large majority of Canadians do not expect housing affordability to improve or home sales to increase as a result of the Bank of Canada’s interest rate cut in June, a new poll from market research firm Abacus Data shows. The survey results showed that 73% of Canadians…
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Vista Oil & Gas reports robust growth in Q2 2024 By Investing.com
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Vista Oil & Gas (ticker: VISTA) has reported significant growth in production and financial performance in its second quarter of 2024. The company’s total production surged by 40% year-over-year to 65,300 barrels of oil equivalent per day (BOEs per day), with oil production alone increasing by 46%. Total revenues for…
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BTC Bulls Back in Town but Will $60K Fall?
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Bitcoin recently saw a surge in demand near a crucial support level, leading to a slight recovery above the 200-day moving average at $59.2k. This price action highlights the possibility of a bullish reversal if the price settles above the 200-day moving average. Technical Analysis by Cheyenne Daily chart A…
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Shikun & Binui selling Nigeria operations for $100m
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The Israeli infrastructure and construction company suffered huge losses in Nigeria due to the sharp devaluation of the Nigerian naira last year. Israeli construction company Shikon and Benoy SKPN (TASE: SKBN) has pulled out of Nigeria after suffering heavy losses due to the sharp depreciation of the naira against the…
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Bitcoin Forms Bullish On-Chain Signal That Led To 200% Price Rally Last Time
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According to the latest on-chain note, losses incurred by Bitcoin traders have reached a level that has proven significant to the currency’s movement several times in recent years. This raises the question – has the price of Bitcoin bottomed out? Traders’ realized losses are less than -12 again – what…
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Investors react to shooting at Trump election rally By Reuters
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(Reuters) – U.S. President Donald Trump was shot in the ear during a campaign rally in Pennsylvania on Saturday in what authorities said was being treated as an assassination attempt. Trump’s campaign later said he was in “good condition” and appeared to have suffered no serious injuries other than a…
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What could actually happen? By Investing.com
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A potential second Trump administration is expected to double down on tough immigration policies, but what are the realistic outcomes? According to Evercore ISI, along with taxes and trade, immigration is a key driver of overall policy under Trump, especially as immigration has emerged as a top issue for voters…
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Ethereum Bulls Gear Up For Recovery
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Ethereum (ETH) is Prepare for higher prices As the new week begins, Ethereum is currently trading at $3,195, up 1.83% in the past 24 hours. Although Ethereum’s gains are part of a broader market rally following a recovery, the altcoin He is in the best position. Prices are expected to…
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Goldman challenges Fed’s demand it hold more capital after stress test, FT reports
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Goldman Sachs has appealed to the U.S. Federal Reserve over its results in the latest “stress test” conducted by the Fed, which is set to force the bank to hold more capital, the Financial Times reported on Sunday, citing people familiar with the matter. The Federal Reserve’s annual stress test…
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Goldman challenges Fed’s demand it hold more capital after stress test, FT reports By Reuters
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(Reuters) – Goldman Sachs has appealed to the U.S. Federal Reserve over its results in the latest “stress test” by the Fed that is set to force the bank to hold more capital, the Financial Times reported on Sunday, citing people familiar with the matter. The Federal Reserve’s annual stress…
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MAGA Memecoin (TRUMP) Rise 52% Amid Shocking Assassination Attempt On Donald Trump
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Recent events surrounding MAGA Meme Queen The events that Bitcoin (TRUMP) has witnessed have been nothing short of extraordinary. Following the assassination attempt on former US President and current Republican presidential candidate Donald Trump, the price of this Trump-named cryptocurrency has seen a massive surge, rising by more than 50%…
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MAGA Memecoin (TRUMP) Rise 52% Amid Shocking Assassination Attempt On Donald Trump
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Recent events surrounding MAGA Meme Queen The events that Bitcoin (TRUMP) has witnessed have been nothing short of extraordinary. Following the assassination attempt on former US President and current Republican presidential candidate Donald Trump, the price of this Trump-named cryptocurrency has seen a massive surge, rising by more than 50%…
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AI plays role as tech layoffs surpass 100,000 in 2024
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wildpixel/iStock via Getty Images The rise of artificial intelligence has become a recurring theme behind recent layoffs in the tech industry. Job cuts in the sector have exceeded 100,000 so far this year, to 106,630 as of July 12, according to the tracker. Layoffs.fyi. more Recently Mass layoffs In the…