Author: Investor Empires
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Polkadot Pulls A Prank? Rebrand Sends Crypto Twitter Into A Frenzy
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The crypto world is never short of drama, but Polkadot, the ambitious blockchain protocol that aims to reshape Web 3, has managed to stir up controversy in an unexpected way recently. This time, it wasn’t a groundbreaking technological achievement, but a social media post that sent shockwaves through the industry…
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Polkadot Pulls A Prank? Rebrand Sends Crypto Twitter Into A Frenzy
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The crypto world is never short of drama, but Polkadot, the ambitious blockchain protocol that aims to reshape Web 3, has managed to stir up controversy in an unexpected way recently. This time, it wasn’t a groundbreaking technological achievement, but a social media post that sent shockwaves through the industry…
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Bribery case against Shikun & Binui closed, subsidiaries penalized
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The Tax and Economic Prosecutor’s Office has closed a bribery case against Shikun & Binui (TASE: SKBN), a real estate and infrastructure developer. Meanwhile, an indictment was filed today against Shikun & Binui’s subsidiary SBI Infrastructure, as part of a plea deal, charging the company with conspiracy to commit a…
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Saks owner to buy luxury retailer Neiman Marcus in $2.65-billion deal By Reuters
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(Reuters) – Saks Fifth Avenue parent HPC Inc said on Monday it will acquire department store chain Neiman Marcus Inc in a $2.65 billion deal, giving it stronger negotiating power with vendors and greater control over costs. The deal comes as luxury retailers face slowing demand as higher interest rates…
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Navigating Bitcoin Script Improvement With Lightning Labs’ Ryan Gentry
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In a recent interview with Bitcoin Magazine, Ryan Gentry from Lightning Labs He shared his views on various proposals aimed at enhancing Bitcoin’s scripting capabilities, with a particular focus on the approach taken by Rusty Russell’s new proposal, the Great Script Recovery Project. This initiative has galvanized the Bitcoin development…
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Canadian General Investments: Investment Update
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TORONTO, Canada, July 4, 2024 (GLOBE NEWSWIRE) — Canadian General Investments Limited (CGI) (TSX: CGI) (LSE: CGI) announced today that its net asset value (NAV) per share as of June 30, 2024 was $62.50, resulting in year-to-date and trailing 12-month NAV returns, including dividends reinvested, of 13.3% and 14.2%, respectively.…
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Video: Where to camp out in a cyclical slowdown and what AI will do to the economy
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I spoke with Andy Bell at BNNBloomberg yesterday for a wide-ranging interview about the state of global markets and what will happen in a cyclical downturn. I also touched on the disruption caused by artificial intelligence and why central bankers are wrong about inflation. Some highlights: Canadian Dollar and Interest…
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Mt. Gox Starts Repayments With Exchange Transfer
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According to data from Arkham Intel, Mt. Gox has begun the process of repaying creditors by transferring a token amount of bitcoin to a designated exchange. The development comes after months of speculation and planning about disbursing the roughly $8.2 billion in bitcoin owed to the collapsed exchange’s creditors. Have…
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Better Artificial Intelligence Stock: Nvidia vs. SoundHound
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both of them SoundHound (NASDAQ: SON) And Nvidia (NASDAQ: NVDA) Two companies are directly benefiting from AI. One is making the chips needed to make the future of AI possible. The other has developed its own AI platform that can power everything from cars to drive-thru windows. if you want…
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Analysis-UK election brings few hopes or fears to cautious City of London By Reuters
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By Sinead Cruz and Hugh Jones LONDON (Reuters) – Britain’s financial sector has begun to embrace Labour’s pro-business initiatives and pledges of stability and support, but many in the City of London remain wary that it could be targeted to shore up Britain’s strained public finances in the future. Under…
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Sygnum, Fidelity, And Chainlink Partner Up For Onchain Net Asset Value
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In the rapidly evolving world of digital assets, partnerships between chain linkFidelity International, and We suck This collaboration is a testament to the transformative power of blockchain technology. By bringing the net asset value (NAV) data of Fidelity’s $6.9 billion institutional liquidity fund to the blockchain, the collaboration promises to…
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AI boom pushes four S&P 500 communication stocks to an all-time high in 2024
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hxdbzxy/iStock via Getty Images The S&P 500’s communications services sector has seen strong growth this year, driven by positive earnings and enthusiasm for the promise of artificial intelligence. The Communications Services sector (SP500-50) emerged as the second-best performing sector among the 11 S&P 500 sectors, posting gains 26% In the…
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Euro leans through 1.08 as it nears the weekly high
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It’s a holiday in the US, so I’m taking all market moves today with a grain of salt, but the general theme is to sell the US dollar, perhaps in a delayed reaction to yesterday’s weak ISM services reading (dropped to a four-year low). Over the past few hours, the…
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Why Binance gets ready to continue fight with SEC?
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The US arm of cryptocurrency exchange Binance.US is preparing for a new battle with US regulators. Binance.US released Binance.US issued a statement announcing its readiness to continue fighting the US Securities and Exchange Commission (SEC). The platform team stated that the court ruled that the regulator’s case against Binance.US would…
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Elon Musk’s Tesla recoups all its year-to-date losses
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Tesla’s boldness is back. A few months ago, Elon Musk’s company was the butt of every Wall Street joke, a growth stock that, as Wells Fargo put it, wasn’t growing. Pundits began to wonder why anyone still included it among the “magnificent seven” companies after Tesla ranked behind all 499…
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China’s BYD opens EV factory in Thailand, first in Southeast Asia By Reuters
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Written by Chaiyut Sittbonsarng RAYONG, Thailand (Reuters) – China’s BYD opened an electric vehicle factory in Thailand on Thursday, the company’s first in Southeast Asia, a fast-growing regional market for electric vehicles where it has become the dominant player. “Thailand has a clear vision for electric vehicles and is entering…
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Bybit Institutional Makes Dual Sponsorship for Swiss Summer Web3Fest and Crypto Valley Conference
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(Press Release – Dubai, UAE, July 4, 2024) BybitCoinDesk, the world’s second-largest Web3 platform by trading volume, has reinforced its commitment to fostering innovation and collaboration within the blockchain industry with a multi-faceted sponsorship at the Swiss Summer Web3Fest and the prestigious Crypto Valley (CVC) conference in Switzerland in early…
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Bybit Institutional Makes Dual Sponsorship for Swiss Summer Web3Fest and Crypto Valley Conference
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(Press Release – Dubai, UAE, July 4, 2024) BybitCoinDesk, the world’s second-largest Web3 platform by trading volume, has reinforced its commitment to fostering innovation and collaboration within the blockchain industry with a multi-faceted sponsorship at the Swiss Summer Web3Fest and the prestigious Crypto Valley (CVC) conference in Switzerland in early…
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Why only banks recorded growth in 2024 quarter 1
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Only the banking sector recorded faster growth in the first quarter of 2024, reflecting the huge profits that lenders made from the high interest rates they charged and increased borrowing by cash-strapped companies. Data from the Kenya National Bureau of Statistics shows that all other economic sectors recorded slower growth…
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Video: What’s driving the strength in the US dollar and where is it headed
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Yesterday I spoke with Kitco News in a great interview with Jeremy Szafron that focused on the US Dollar and the macro outlook. Some highlights: Fed Strategy: “I think this is going to be particularly damaging for the Fed, because it’s always fighting the last war. It’s fighting inflation, and…