Author: Investor Empires
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Hurricane Beryl aims at Mexico tourist hotspots after soaking Jamaica, Caymans By Reuters
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By Jose Cortes and Paola Chiomanti TULUM/CANCUN, Mexico (Reuters) – Hurricane Beryl battered major tourist resorts in Mexico on Thursday evening after passing through the Cayman Islands and hitting Jamaica with winds that destroyed buildings and uprooted trees. Hurricane Beryl, now a Category 2 storm, has left a trail of…
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US non-farm payrolls data – the key ranges for estimates to watch
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You can see the consensus estimate in the screenshot below: The numbers in the right column are the “previous” (previous month) result. The number in the column next to it, where there is a number, is the expected consensus average. This image is from ForexLive’s economic data calendar, You can…
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US Court Orders Hedge Fund Owner To Pay $84 Million
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In the crypto world, a federal judge in Chicago has ordered Oregon resident Sam Ecorti and his related companies to pay more than $120 million to victims of what the Commodity Futures Trading Commission (CFTC) described as a “Classic Ponzi scheme.” The ruling, issued by Judge Mary Rowland on July…
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Global Stocks Hit Peak Level Before US Jobs Data: Markets Wrap
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(Bloomberg) — Global stocks are expected to hold onto record highs hit on Thursday as traders turn their attention to U.S. jobs data due Friday for clues on the Federal Reserve’s interest-rate cut. Most Read from Bloomberg Tokyo’s Topix index hit a new record before retreating. The moves followed gains…
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Samsung flags better-than-expected profit rise as AI boom lifts chip prices By Reuters
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By Joyce Lee and Heekyung Yang SEOUL (Reuters) – Samsung Electronics Co Ltd on Friday forecast a more than 15-fold jump in second-quarter operating profit, as a rebound in semiconductor prices driven by the artificial intelligence boom lifted earnings from a low a year ago. The world’s largest maker of…
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Investors’ pessimism lessens as economic data leans in favor of rate cuts
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Investors’ pessimism about the short-term outlook for the stock market eased this week, as recent economic data boosted hopes for interest rate cuts. A total of 26.1% of respondents to the American Association of Individual Investors, or AAII, survey, He said Investors believe the market will head lower in the…
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Julius Baer like further upside in Japanese equities
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Japan’s broad Topix index of stocks hit a record high on Thursday, finally surpassing its highest level since December 1989. Comments from an analyst at Swiss private bank Julius Baer, in its summary, point to further upside ahead, citing the following: Corporate Reforms Currency and Flows Salary increases Earnings Review…
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Bitcoin Completes 9th Test Of $60,000, Where Does Price Go From Here?
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Bitcoin (BTC) Bitcoin has completed its ninth test of the $60,000 support level, signaling a potential reversal in the cryptocurrency’s trajectory. According to a crypto analyst, Bitcoin faces major moves ahead, specifically The direction of this momentum Decisive. Bitcoin Retests $60K Support Level for Ninth Time In X (formerly Twitter)…
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Civics are becoming a 21st-century business skill
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The Fourth of July is a day filled with food, celebrations, and fireworks in the United States, as our nation celebrates the passage of the Declaration of Independence in 1776. But this day celebrates something else, too. Our celebration of Independence Day is an opportunity to reflect on our country,…
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Why these analysts see a broadening in potential stock market gains in H2 By Investing.com
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The potential upside for the S&P 500 is expected to widen in the second half of 2024 after gains were supported by a handful of AI-related companies in the first six months of the year, according to analysts at Wells Fargo. The company’s profits rose 14.5% year-to-date in the first…
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A Billion-Token Heist And The Aftermath
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The cryptocurrency and blockchain space is no stranger to high-profile security incidents, and recent events 3D image The hack has once again brought the issue of chain security into the spotlight. The attack, orchestrated by a former contractor of the protocol, resulted in the minting of a staggering 1 billion…
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Developing an effective corporate hedging policy
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To expand Last week’s article On hedging, today I highlight why some non-financial companies (i.e., commodity exporters and importers) need to develop a corporate hedging policy. As more and more companies suffer the consequences of not hedging, having such a policy in place is vital. I will highlight the three…
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UK political stability (relative to elsewhere) will support UK markets ahead
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In a note from Bank of America ahead of the election, it was said that the election seemed to be a minor event for the UK markets. This was true given that opinion polls were overwhelmingly in favour of the new government. Bank of America concluded by saying that one…
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Bitcoin rally hinges on rate cut, Bitfinex exec says
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Macroeconomic uncertainty in the US has pushed Bitcoin to a two-month low, but slowing inflation suggests monetary policy could soon boost risk appetite. Bitcoin (BTC) price fell below $57,000 after the US Federal Reserve minutes confirmed that interest rates will remain at their current levels until economic data justifies more…
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Dragons’ Den star Peter Jones’ camera chain Jessops faces closure over unpaid taxes
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Jessops, the 89-year-old camera retailer owned by Dragons’ Den star Peter Jones, is on the verge of closure after HMRC issued a winding-up petition for the company over non-payment of taxes. The development marks a critical turning point for the struggling retailer, which has entered administration three times in the…
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SoftBank in talks to get its hands on large volumes of Nvidia’s GPUs: Report By Investing.com
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Japanese technology investor SoftBank (TYO:) is in discussions to find a way to secure a large amount of graphics processing units (GPUs) from Nvidia that are essential for the development of artificial intelligence (AI). The latest move appears to be part of a broader plan by CEO Masayoshi Son to…
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Are Bitcoin Miners Capitulating Amid the Drop Below $60K?
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The Bitcoin network is showing some signs of miner capitulation. This phase is characterized by miners either stopping work or selling a portion of their Bitcoin reserves. Interestingly, this process has historically been associated with Bitcoin prices hitting bottom, after which the asset is expected to resume its much-needed upward…
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Lenders in holding pattern while everyone awaits spate of new data
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Article Content Government bond yields, which are driven by fixed mortgage rates, have risen 33 basis points in just a few weeks. Yet Canada’s most competitive mortgage lenders still have enough profit margins to justify lower fixed rates. In the past week alone, we’ve seen the five most popular fixed…
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Economic calendar in Asia 05 July 2024 while we wait for the US employment data
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…