Author: Investor Empires
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Banking and Financial Markets CEOs are betting on generative AI to stay competitive, yet workforce and culture challenges persist By Investing.com
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Two-thirds (66%) of banking and financial markets CEOs surveyed said that the potential productivity gains from AI and automation are so great that they must accept risks to remain competitive. 65% of financial leaders say success with AI will depend more on people adopting it than on the technology itself,…
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Asia FX weakens as dollar recoups some losses, Indian rupee tests record lows By Investing.com
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Investing.com — Most Asian currencies fell slightly on Wednesday as the dollar recovered from two-month lows, while the Indian rupee tested record lows after 2024 general election results showed the ruling Bharatiya Janata Party did not sweep as expected. Broader risk appetite improved somewhat, as weak US data fueled bets…
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Bitcoin Partnership: University Of Austin And Unchained Unite For New $5M Endowment Fund
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The University of Austin (UATX), which is set to welcome its inaugural class this fall, has embarked on a new project through a collaboration with cryptocurrency platform Unchained. Their common goal is to raise $5 million in Bitcoin (BTC) to contribute to the UATX Long-Term Fund. According to Bloomberg a…
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Trump Media asks Nasdaq to cooperate with investigations into trading of its shares
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(Reuters) – The company that owns Donald Trump’s private social media platform Truth Social said on Tuesday that it has requested Nasdaq’s cooperation with any investigations into alleged market manipulation of its shares by so-called “naked” short sellers. Devin Nunes, CEO of Trump Media and Technology Group (TMTG), said in…
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Trump Media asks Nasdaq to cooperate with investigations into trading of its shares
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(Reuters) – The company that owns Donald Trump’s private social media platform Truth Social said on Tuesday that it has requested Nasdaq’s cooperation with any investigations into alleged market manipulation of its shares by so-called “naked” short sellers. Devin Nunes, CEO of Trump Media and Technology Group (TMTG), said in…
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Daily Broad Market Recap – June 4, 2024
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Concerns about the US economy encouraged a risk-off trading environment and pushed the US dollar higher against its “riskier” counterparts. Meanwhile, crude oil continued its downward trends, spot gold pulled back from highs at $2,350, and Fed bets on lower interest rates sent US bond yields lower. Titles: Switzerland CPI…
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NYSE To Launch Products Tracking Spot Bitcoin Prices
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The New York Stock Exchange (NYSE) has Announce It plans to launch financial products linked to the spot price of Bitcoin. The New York Stock Exchange is partnering with CoinDesk Indices to develop cash settlement index options that will track the CoinDesk Bitcoin (XBX) price index. Urgent: ?? The New…
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NYSE To Launch Products Tracking Spot Bitcoin Prices
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The New York Stock Exchange (NYSE) has Announce It plans to launch financial products linked to the spot price of Bitcoin. The New York Stock Exchange is partnering with CoinDesk Indices to develop cash settlement index options that will track the CoinDesk Bitcoin (XBX) price index. Urgent: ?? The New…
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Bayer’s $2.25B Roundup verdict cut to $400M by Pennsylvania judge
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Scott Olson/Getty Images News Philadelphia courthouse on Tuesday Reduced judgment by $2.25 billion v. Bayer (OTCPK:BAYRY) (OTCPK:BAYZF) for $400 million against a man who said he developed cancer as a result of exposure to the company’s weed killer. Owned by Bayer (OTCPK:BAYRY) (OTCPK:BAYZF) will now become Monsanto. He is required…
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US ISM Services PMI for May due Wednesday, the ranges of estimates (ADP jobs number too)
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The average consensus estimate for the US ISM Services PMI is 50.5, as can be seen in the screenshot below, from the ForexLive Economic Data Calendar, Access it here. I saw Reuters with its forecast at 50.8. Data outcomes that fall outside of market low and high expectations tend to…
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Dormant Coins Move For First Time In Years, What’s Going On?
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According to another Data From on-chain analytics platform CryptoQuant In recent weeks, the Bitcoin market has witnessed a remarkable phenomenon: long-dormant Bitcoin, which had not been touched in wallets for up to a decade, suddenly began to work. This move coincides with the price of Bitcoin once again reclaiming the…
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Alaskans are seeking a respite from thousands of tourists who want to cruise the panhandle region
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A new agreement between Alaska’s capital and major cruise lines seeks to cap the daily number of cruise ship passengers arriving in Juneau starting in 2026, though a prominent critic of the cruise industry said Tuesday that the planned limits don’t do enough. The agreement, finalized late last week, seeks…
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BlackRock, Citadel-backed group to start new national stock exchange in Texas, WSJ reports By Reuters
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(Reuters) – A group backed by BlackRock Inc (NYSE:) and Citadel Securities Inc. plans to start a new national securities exchange in Texas, the Wall Street Journal reported on Tuesday. The Texas Stock Exchange, which has raised about $120 million, plans to file registration documents with the Securities and Exchange…
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Rootstock Bitcoin L2 eyes further Latin American expansion
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Speaking at Money 20/20 in Amsterdam, Rootstock Labs’ Ricardo Castro highlighted the Bitcoin Layer-2 protocol’s focus on providing global access to decentralized finance (DeFi), especially in emerging markets. Bitcoin (BTC) and Ethereum (ETH) are the two largest decentralized networks out there, each with unique strengths. BTC is known for its…
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Equity taps AAR boss to head new health insurance subsidiary
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Equity Group has appointed AAR Insurance Holdings CEO Patrick Gatunga as managing director of its new health insurer, as the financial services firm deepens its foray into the underwriting business. Sources said Mr Gatunga, who has been CEO of AAR since September 2022, has moved to Equity Group where he…
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FTX Settles $24 Billion Tax Dispute with Internal Revenue Service
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FTX has reached a settlement with its largest creditor, the Internal Revenue Service (IRS). This agreement resolves a major $24 billion tax dispute that has been looming over the stock exchange’s restructuring process. Initially, the IRS claimed that FTX owed more than $44 billion in taxes, but that amount was…
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This Frog-Themed Meme Coin Eyes a New ATH After a 30% Daily Surge: Details
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Turkish lire; Dr A frog-themed meme that has been growing in popularity saw a 30% rise on a 24-hour basis, approaching a new all-time high. However, PEPE remains the largest asset of this type, with a market capitalization of more than $6 billion. The rise of Pepe’s rival The meme…
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Surrey Village Pub Suffers Amid Water Contamination Crisis
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A pub owner in Bramley, a village near Guildford in Surrey, claims his business is suffering due to a water contamination problem that has led to a ‘do not drink’ notice being issued. Hundreds of residents have been warned not to use their tap water after concerns linked to a…
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Reserve Bank of Australia Governor Bullock says she expects Q1 GDP growth to be low
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Reserve Bank of Australia Governor Bullock reads the writing on the wall for Australia’s economic growth: Australia’s very weak economic growth outlook has been cut even further Reserve Bank of Australia Governor Bullock and Assistant Governor (Financial Markets) Kent appear before the Australian Parliament Before the Senate Economic Legislation Committee…
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Crypto CEO Reveals The Factors That Will Drive XRP Price To $10,000
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Simon McLoughlin, CEO of Uphold, a cloud-based financial services platform, expressed optimism about XRP price forecast Despite the stagnation of cryptocurrency prices. McLoughlin predicts that the price of XRP could rise to $10,000, surpassing the value of the world’s second-largest cryptocurrency, Ethereum. The price of XRP will reach $10,000 The…