Author: Investor Empires
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Deutsche Bank says Trump presidency + China tariffs = EUR/USD @parity
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In an interview with Bloomberg TV, Deutsche Bank’s George Saravelos spoke about the main point he made in his talk about the euro: “Imagine a situation where the US erects a massive tariff wall against China.” “All these Chinese goods will have to be diverted to other markets including Europe,…
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Republican National Committee Endorses Pro-Bitcoin Platform in Party Draft
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A committee of the Republican National Committee today approved the party’s draft 2024 platform, which strongly supports Bitcoin. On page nine, the project explicitly states: “We will defend the right to mine Bitcoin, ensure that every American has the right to self-custody of their digital assets, and conduct transactions free…
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Interest rates be damned: 3 reasons JPMorgan’s commercial banking clients are optimistic about the U.S. economy
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Federal Reserve interest rates, which influence global lending rates, are higher than they have been in 23 years. But that’s not stopping JPMorgan Chase clients from feeling optimistic. In a survey of more than 100 founders and senior business leaders at companies generating up to $2 billion each, more than…
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Hedge funds face losses amid unexpected Tesla rally By Investing.com
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Investing.com – A large number of hedge funds that bet against Tesla Inc (NASDAQ:) could now face potential losses, after a surprise surge in the electric car maker’s shares. About 18% of more than 500 hedge funds were short Tesla at the end of June, the highest percentage in more…
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Bitcoin Mining Difficulty Crashes 5% To Lowest Level In 3 Months, What Happens Next?
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Recent data shows that Bitcoin mining difficulty is down and has hit its lowest levels since May. This is significant considering what this could mean for the Bitcoin ecosystem, especially Bitcoin price. Bitcoin mining difficulty drops to 79.5 trillion Data From CoinWarz it appears that: Bitcoin mining difficulty It dropped…
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Bitcoin Mining Difficulty Crashes 5% To Lowest Level In 3 Months, What Happens Next?
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Recent data shows that Bitcoin mining difficulty is down and has hit its lowest levels since May. This is significant considering what this could mean for the Bitcoin ecosystem, especially Bitcoin price. Bitcoin mining difficulty drops to 79.5 trillion Data From CoinWarz it appears that: Bitcoin mining difficulty It dropped…
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Court halts Kenya Power’s Sh285m emergency towers purchase tender
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The High Court has ordered Kenya Power and Lighting Company (KPLC) to stop the award of a Sh285 million contract for the procurement of Emergency Restoration Towers (ERTs) and galvanized steel structures for use in premium customer service schemes and various primary and secondary substations. Emergency response systems are structures…
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Germany Sees Exports & Imports Fall in May 2024
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Germany’s trade figures have become clear, and the economic powerhouse seems to be playing the “who can shrink slower?” game in the global market. Despite sharp declines in exports and imports, Germany’s trade surplus managed to widen in May 2024. the The Federal Statistical Office reported on Monday Trade balance…
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Crypto ETFs to form 5% of hedge fund by 2025
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Exchange-traded funds (ETFs) are expected to make up 5% of hedge fund and pension fund portfolios by 2025, according to Fiorenzo Manganiello, a leading blockchain expert. Manganiello, co-founder and managing partner of LIAN Group, made the prediction after reports that BlackRock’s Bitcoin exchange-traded fund has raised $16.7 billion in assets…
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Impending tax hike looms for Americans in the UK following general elections
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Americans living and working in the UK may face increased tax rates due to the results of the UK general election and the US presidential election in November. “For the Americans, this is the warm-up period before the main event of the US elections in November,” said Alex Street, a…
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This won’t be a quiet hurricane season
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Today we have seen the first major hurricane of the year to hit the United States. And it won’t be the last, as hurricane season doesn’t peak until September. The good news is that there are no systems anywhere in the Atlantic that look likely to develop in the next…
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German Government Prepares To Sell Another $900 Million In Bitcoin
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The German government began preparing for its largest bitcoin sale to date on Monday, sending $900 million of the digital currency to trading venues. On-chain data from Arkham Intelligence shows that over 16,000 BTC left the exchange’s wallet on July 8, leaving 23,787.7 BTC ($1.35 billion) remaining in its vaults.…
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Why a Spinach Salad is the Ultimate Superfood Meal this Summer
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This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on July 8, 2024 •…
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Exclusive-Bain Capital nears deal to buy Envestnet, sources say By Reuters
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Milan city win (Reuters) – Private equity firm Bain Capital is close to a deal to acquire Investnet Inc., a U.S. financial software provider with a market value of about $3.5 billion, people familiar with the matter said on Monday. If the talks go through, a deal with Bain could…
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Exchange Outflows At 2024 High
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On-chain data suggests that Bitcoin whales may be piling into the decline as spot exchanges recently saw their largest withdrawals of 2024. Bitcoin Exchange Netflow has turned dark red recently. As one analyst at CryptoQuant Quicktake pointed out, mailA large number of coins have left exchanges recently. The relevant indicator…
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Exchange Outflows At 2024 High
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On-chain data suggests that Bitcoin whales may be piling into the decline as spot exchanges recently saw their largest withdrawals of 2024. Bitcoin Exchange Netflow has turned dark red recently. As one analyst at CryptoQuant Quicktake pointed out, mailA large number of coins have left exchanges recently. The relevant indicator…
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BoI Governor: Geopolitical uncertainty has increased
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Bank of Israel Governor Prof. Amir Yaron held a press conference after the Monetary Committee announced this afternoon that it would leave the interest rate unchanged at 4.5%. Yaron said: “Since October 7, we have been in the midst of a protracted war. Geopolitical uncertainty has increased and the risk…
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European stock traders go home with mixed results
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European traders are heading out of the markets with mixed results on major stock indices. The French CAC was the worst performer, down -0.63%, after the election results ended in a political deadlock. Neither the right nor the left are likely to form a coalition government. Investors are not very…
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The German Government Is Selling More Bitcoin – $28 Million Moves to Exchanges
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The German government continued to transfer parts of its massive bitcoin stash to exchanges on Monday, moving more than $56 million across multiple transactions. according to Blockchain DataAt 14:48 UTC+8 today, addresses linked to the German government transferred a total of 500 BTC to Bitstamp and Coinbase (250 BTC each),…
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TSMC Hits $1 Trillion in Market Value on Relentless AI Rally
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(Bloomberg) — Taiwan Semiconductor Manufacturing Co. briefly surpassed $1 trillion in market value after Morgan Stanley joined the list of brokers raising price targets on the chipmaker ahead of its earnings. Most Read from Bloomberg TSMC ADRs jumped 4.8%, touching the milestone after the opening bell in New York on…