Author: Investor Empires
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Court orders KAA to pay contractor Sh433m in demolitions job lawsuit
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The High Court has ordered the Kenya Airports Authority (KAA) to pay part of Sh812 million to a contractor hired a decade ago to demolish buildings at the Jomo Kenyatta International Airport (JKIA). Judge Alfred Mabia ordered KAA to pay Machiri Ltd Sh300 million and another $1,022,022 (Sh133.2 million) held…
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EURUSD sellers push the pair down to the 100/200 hour converged MAs. Stalls the fall.
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EUR/USD rose yesterday until it reached its 100 and 200 hour moving averages. Sellers took hold of this level and pushed the price lower during the Asian session as buyers came in support against its 100-day moving average (blue line at 1.08074). The price then started to move to the…
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Big Week for Spot Bitcoin ETFs, Meme Coin Mania Reaches Celebrities, and More: This Week’s Crypto Recap
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News and developments on the spot Ethereum ETF front dominated the previous week, while Bitcoin ETFs dominated the current week. After the launch of all U.S. Bitcoin ETFs in early January, it was almost inevitable that BlackRock’s product would overtake Grayscale’s, which had already converted from the previous BTC Trust.…
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Lady Bamford’s Daylesford Organic Faces Mounting Losses
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Lady Bamford’s popular farm shop, Daylesford Organic, has announced a major financial contraction, posting a £3.6m loss last year as customers increasingly turn away from its premium produce. The sharp decline follows a modest loss of £291,000 the previous year, representing a worrying reflection on the company’s growth and profitability…
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Ulta Beauty reports growth and updates full-year outlook By Investing.com
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Ulta Beauty, Inc. (NASDAQ:) reported a 3.5% increase in net sales reaching $2.7 billion in the first quarter of 2024, with comparable sales growing by 1.6%. Despite a challenging environment, the company showed resilience with an operating profit of 14.7% of sales and a diluted earnings per share (EPS) of…
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Tether Throws Hat in Ring with $100 Million Bitdeer Investment
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Stablecoin issuer Tether Holdings has acquired a significant stake in Bitdeer Technologies Group, a US-listed bitcoin mining company owned by Chinese billionaire Jihan Wu. This acquisition includes an investment of US$100 million, with an option to purchase additional shares worth US$50 million over the next year. Investment facilitates the expansion…
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Legendary Trader Peter Brandt Predicts 230% Bitcoin Price Increase
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Famous commodities trader Peter Brandt predicted that Bitcoin would rise 230% against gold after 12-18 months. JUST IN: Legendary trader Peter Brandt predicts #Bitcoin Gold price rises by 230% are you ready? ? pic.twitter.com/F50fgvm6N1 – Bitcoin Magazine (@BitcoinMagazine) May 31, 2024 Brandt has over 50 years of trading experience and…
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Is Israel’s tech industry bouncing back?
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Two years ago, in May 2022, trouble began brewing for Israel’s tech industry. The prestigious and flourishing that had been producing a new unicorn almost every week and hundreds of new millionaires every month, began to creak. Six months after stock markets began falling, and two months after the US…
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UBS sees NZD/USD on shaky ground amid economic headwinds By Investing.com
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UBS has expressed caution regarding the New Zealand dollar (NZD), citing a challenging economic outlook and the potential for underperformance against other major currencies. The pair has traded within a range of 0.59 to 0.62 recently, with relatively high interest rates in New Zealand providing some support despite the weakness…
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Why This Could Trigger A 37% Crash
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Near Protocol has had a good year in 2024 so far and has continued to hold up well despite multiple crashes that have rocked the market. However, it appears that the altcoin may have exhausted its runway, as a crypto analyst believes its previous breakout was too bearish for the…
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Why This Could Trigger A 37% Crash
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Near Protocol has had a good year in 2024 so far and has continued to hold up well despite multiple crashes that have rocked the market. However, it appears that the altcoin may have exhausted its runway, as a crypto analyst believes its previous breakout was too bearish for the…
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Citi Trends names Ken Seipel as interim CEO, releases Q1 results By Investing.com
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SAVANNAH, GA – Citi Trends, Inc. announced… (NASDAQ: CTRN), a value-added retailer of apparel, accessories and home trends, announced the appointment of Ken Sippel as interim CEO, effective June 2, 2024. David McQueen has resigned as CEO and member of the Board of Directors but will serve as a senior…
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Daily Broad Market Recap – May 30, 2024
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Revised US economic growth data sent the US dollar and other major financial assets all over the charts yesterday! What exactly do market players need? We have a list of yesterday’s most important headlines: Titles: Rafael Bostic, a voting member of the Federal Open Market Committee, expects the Fed to…
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Over 450 Million USDT Worth Of Crypto Lost To Crypto Hacks And Rug Pulls In 2024, Reports ImmunFI
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Drum Image: Crypto News The cryptocurrency industry has faced a worrying trend in recent years, as cybercriminals are increasingly targeting decentralized finance (DeFi) projects and centralized exchanges through sophisticated hacking methods. According to a comprehensive report by security services provider Immunefi, the cryptocurrency ecosystem incurred a staggering $473 million in…
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Federal Reserve’s preferred inflation gauge eased last month for the first time in 2024
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WASHINGTON (AP) — The Federal Reserve’s closely watched price gauge fell slightly last month, a sign that inflation may be easing after rising in the first three months of this year. Friday’s report from the Commerce Department showed that prices, excluding volatile food and energy categories, rose 0.2% in the…
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US core PCE for April 0.2% vs 0.3% estimate
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Primary personal computer in the United States Previous month 0.3% Monthly core personal consumption expenditures came in at 0.2% versus estimates of 0.3%. YoY core PCE rate of 2.8% versus estimates of 2.8%. Last month 2.8%. Monthly PCE growth of 0.3% vs. 0.3% estimate. Last month 0.3%. PCE YoY 2.7%…
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Russia’s Tatarstan eyes building $100m Bitcoin mining center
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Fintech company Innopolis Tech, controlled by Russia’s former communications minister, is set to build Russia’s largest bitcoin mining center worth about $100 million. The Republic of Tatarstan is preparing to build the largest Bitcoin mining infrastructure in Russia with an investment value of about $100 million, according to… Local news…