Author: Investor Empires
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Keep an eye on China’s Third Plenum meeting next week
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Shanghai Comp Daily This week’s CPI data showed that China has room for policy stimulus, and its weak economic performance certainly justifies it. There is some optimism with some Chinese stocks rising this week (from lows). The leadership meeting will outline efforts to boost advanced manufacturing, review the tax system…
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Tether (USDT) Loses Ground on Centralized Exchanges, Down to 74% Market Share
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Even with several high-profile crashes and decoupling events in recent years, stablecoins have continued to take market share from fiat currencies, reflecting increasingly strong demand. Although the stablecoin market remains highly concentrated, with Tether’s USDT leading the way, its dominance has been eroding over the past two years. In fact,…
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Workers Are Missing From Starmer’s Plan to Spur UK Housebuilding
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Breadcrumbs Path Links PMN Business Prime Minister Keir Starmer’s promise to “build Britain back again” will quickly face a shortage of skilled workers in the very industries he hopes will help transform it. Article author: Bloomberg News Irina Angel Published on July 13, 2024 • Read for 6 minutes You…
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What happens to solar stocks if Trump wins? RBC weighs in By Investing.com
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With the 2024 U.S. presidential election approaching, the potential impact on solar stocks has become a major concern for investors, according to RBC Capital. Analysts at the bank provided a detailed analysis, suggesting that the current environment could provide a buying opportunity, particularly for select names with less exposure to…
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ICYMI: The German Government Is Not The Only Entity Selling Bitcoin
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Over the past month, the cryptocurrency space has been abuzz with reports that the German government has been selling off large amounts of Bitcoin. These sales have had a negative impact on the price of Bitcoin, as well as the broader cryptocurrency market, sending the entire market into a tailspin.…
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ICYMI: The German Government Is Not The Only Entity Selling Bitcoin
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Over the past month, the cryptocurrency space has been abuzz with reports that the German government has been selling off large amounts of Bitcoin. These sales have had a negative impact on the price of Bitcoin, as well as the broader cryptocurrency market, sending the entire market into a tailspin.…
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UBS: Average wealth in Israel rose in 2023
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Israel ranked 18th in the UBS Global Wealth Report with an average wealth of $260,000 per adult in 2023, up 14% from 2022 and outpacing the global average growth of 4.2%. According to the Swiss bank, median wealth growth in Israel was much weaker, indicating that wealth is growing much…
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What happens after the first rate cut. Recession? Stocks move lower?
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If there’s anyone on CNBC I love, it’s him. Josh Brown From Ritholz Wealth Management. He does his homework. He’s not averse to using technical methods (in fact, he often relies on them). He accepts defeat. He lets his victories go. He’s not perfect, of course, but he makes a…
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Analyst Predicts 2,750% Celestia (TIA) Price Explosion To $188, Here’s The Roadmap
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Celestia (TIA) suffered one of the worst price crashes since the Bitcoin crash, falling from a high of $20 to a low of $5 before briefly recovering. However, the crash has not deterred optimists, who believe that this altcoin is on the verge of great things in the market. Celestia…
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Analyst Predicts 2,750% Celestia (TIA) Price Explosion To $188, Here’s The Roadmap
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Celestia (TIA) suffered one of the worst price crashes since the Bitcoin crash, falling from a high of $20 to a low of $5 before briefly recovering. However, the crash has not deterred optimists, who believe that this altcoin is on the verge of great things in the market. Celestia…
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XRP Climbs 10% In Bullish Trade By Investing.com
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Investing.com – XRP was trading at $0.4968 by 00:26 (04:26 GMT) on the Investing.com Index on Saturday, up 10.07% on the day. It was the biggest one-day percentage gain since March 11. This upward move pushed XRP’s market cap to $27.5901 billion, or 1.29% of the total cryptocurrency market cap.…
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Chuck Close’s estate settles lawsuit against Cigna over medical bills By Reuters
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By Jonathan Stempel NEW YORK (Reuters) – The estate of Chuck Close, an artist known for his large-scale realistic paintings of himself and others, has settled a lawsuit accusing Cigna Inc. of failing to pay hundreds of thousands of dollars for medical care he needed in the final years of…
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Cyprus Leads Global Charge Against Crypto-Enabled Terrorist Financing
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In a bold move to combat the growing threat of terrorist groups exploiting cryptocurrencies for illicit financing, Cyprus has emerged as a global leader in combating terrorist financing using cryptocurrencies. Recognizing the unique challenges posed by the decentralized and anonymous nature of digital assets, the Cypriot government, in collaboration with…
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Wall Street is bullish on stocks for the 2nd half of the year. Here are each firm’s exact forecasts.
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Nour Photo/Getty Images The S&P 500’s record high this year has sparked a wave of target price increases from Wall Street. The most bullish price target for the S&P 500 is 6,000 from Evercore ISI, representing a gain of about 7%. Key upside factors include the benefits of artificial intelligence,…
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Market Breaks Records: Dow & S&P set for new high closes
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U.S. stocks are trading near their highs after some declines yesterday. The correction was for one day — at least for the S&P and Nasdaq. The Dow Jones Industrial Average was higher yesterday, as was the Russell 2000 index of small companies. Today, all major indices are enjoying strong gains.…
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Abra buys Valkyrie’s Tron and Zilliqa trusts
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Abra, a digital asset and wealth management platform, has purchased Tron (TRX) and Zilliqa (ZIL) among other private crypto funds from Valkyrie Investments. Bloomberg reported on Friday that Abra acquired the private funds before settling with 25 U.S. regulators over allegations that it operated without the required licenses. Marissa Kim,…
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Abra buys Valkyrie’s Tron and Zilliqa trusts
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Abra, a digital asset and wealth management platform, has purchased Tron (TRX) and Zilliqa (ZIL) among other private crypto funds from Valkyrie Investments. Bloomberg reported on Friday that Abra acquired the private funds before settling with 25 U.S. regulators over allegations that it operated without the required licenses. Marissa Kim,…
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Delay in energy transition could be ‘costly and disorderly,’ BP says in annual outlook
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SlavkoSereda/iStock via Getty Images Oil futures gave up early gains and settled lower on Friday, capping off the first weekly loss after four straight positive weeks, as the recent rally in prices allowed traders to to exit their positions with healthy profits. Prices are supported by A weak U.S. inflation…
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South Korea’s SK On in talks to supply prismatic EV batteries as it seeks turnaround By Reuters
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By Heekyung Yang SEOUL (Reuters) – South Korean electric vehicle battery maker SK ON is in talks with automakers to supply prismatic batteries and expand its existing pouch battery range, a senior company executive said, as it struggles to improve performance amid slowing global demand for electric vehicles. SK ON,…
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The German Government Has Run Out Of Bitcoin
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Germany’s on-chain Bitcoin wallet balance has officially hit zero, according to Arkham Intelligence, meaning selling pressure from the European economic powerhouse is likely at or near its end. The recent wallet outflows put an end to the bearish narrative that has been plaguing the crypto market for weeks, at a…