Author: Investor Empires
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Robert Kennedy Jr at Consensus 2024: Crypto is freedom, transparency
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Independent US presidential candidate Robert F. Kennedy Jr. said that freedom of transactions through cryptocurrencies must be protected to ensure economic growth. Commenting on Donald Trump’s U-turn on cryptocurrency policy, Kennedy Jr. praised the new vision and implored President Joe Biden to stand up for innovation in America by supporting…
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Baosheng Media Group Holdings Limited Announces Filing of Current Report on Form 6-K with the SEC regarding Pending Legal Proceeding By Investing.com
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BEIJING, China, May 31, 2024 (GLOBE NEWSWIRE) — Baosheng Media Group Holdings Limited (NASDAQ: BAOS) (Baosheng or the Company), a China-based online marketing solutions provider, today announced that on May 9, 2024, the company filed a current report on Form 6-K to the U.S. Securities and Exchange Commission (“SEC”) in…
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Public Teams Up with CLEAR to Simplify Identity Verification for Investors
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CLEAR and Public, an investment platform offering a range of investment options, have jointly announced a new partnership. This collaboration aims to provide members with the option to quickly and securely verify their identity with CLEAR when opening an investment account on the public platform. Improve investor identity verification Combining…
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SEC to Pay $1.8 Million in Fees Following Dismissal of Case Against Debt Box
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The US District Court for the District of Utah dismissed the SEC’s case against Digital Licensing, which operates under the name Debt Box. The judge also ordered the SEC to pay approximately $1.8 million in attorney and receivership fees. The SEC ordered him to pay $1.8 million in fees In…
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Costco Q3 earnings beat all key metrics after shares closed at an all-time high
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Costco (COST) posted another huge quarter as consumers look for wallet-friendly prices on everyday essentials. On Thursday afternoon, the company reported net sales of $58.52 billion, compared to estimates of $57.98 billion. Its adjusted earnings of $3.78 also beat estimates of $3.70. “We’re definitely winning in consumer items, where we…
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Asia FX weakens as China PMIs disappoint; Dollar steady before PCE data By Investing.com
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Investing.com — Most Asian currencies fell on Friday, with China’s yuan heading back towards six-month lows after disappointing business activity readings, while the dollar steadied in anticipation of key inflation data. Regional currencies also remained under pressure amid lingering concerns about US interest rates rising for longer, as hawkish comments…
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Bitcoin And Ethereum Integration: Babylon Raises $70M To Foster Interoperability
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Babel, A Start encryption The company, co-founded by Stanford University engineering professor David Tse, received $70 million in its latest funding round, according to a Bloomberg report. The company reportedly aims to bridge the gap between Bitcoin (BTC) and Ethereum (ETH), the two leading digital currencies. Bitcoin as a staking…
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Bitcoin And Ethereum Integration: Babylon Raises $70M To Foster Interoperability
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Babel, A Start encryption The company, co-founded by Stanford University engineering professor David Tse, received $70 million in its latest funding round, according to a Bloomberg report. The company reportedly aims to bridge the gap between Bitcoin (BTC) and Ethereum (ETH), the two leading digital currencies. Bitcoin as a staking…
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Rio Tinto to keep New Zealand aluminum smelter open another 20 years (NYSE:RIO)
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Rio Tinto (New York Stock Exchange: RIEO) said on Thursday it would continue operations at its Tiwai Point aluminum smelter in New Zealand until at least 2044 after agreeing to new electricity supply agreements. RIO is the parent organization of New Zealand Aluminum The smelter, which said it had signed…
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U.S. Q1 GDP Revised Lower, GDP Prices and Jobless Claims Disappointed
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US economic growth for the first quarter of 2024 was revised down in the second estimate, with annual GDP now at just 1.3% when markets expected it to maintain its initial reading of 1.6%. According to the Bureau of Economic Analysis, the downward revision “It primarily reflects a downward revision…
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University of Austin And Unchained To Raise $5 Million For Bitcoin Endowment
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Unchained and the University of Austin (UATX) have announced a collaboration to hold Bitcoin in the university’s long-term endowment. In a pioneering partnership, Unchained and the University of Austin @uaustinorg Launching the first long-term endowment fund in #Bitcoin. https://t.co/6KZO7YiBBo – Unchained (@unchainedcom) May 30, 2024 “I’ve been very excited about…
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Trump’s media company stock sinks in the wake of fraud verdict
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Shares of Trump Media and Technology Group, which owns the social networking site Social truthStock prices fell on Thursday following the conviction of former President Donald Trump in his hush money trial. New York jury Trump was found guilty Charged with falsifying business records in a scheme to illegally influence…
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US inflation (PCE) data due Friday – here are the critical ranges to watch
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Core PCE data is scheduled to come into focus on Friday, May 31, 2024 at 0830 US EST. You can see the average estimates below in the table. The ranges of estimates (why they are important are explained below) are: Core personal consumption expenditures on an annual basis from 2.7%…
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Ethereum Faces an Uphill Battle: Can It Overcome the Challenges?
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Ethereum price continued its decline and tested the $3,720 support. ETH is now consolidating and facing several hurdles near the $3,800 level. Ethereum continued its decline and tested the $3,720 area. The price is trading below the $3,820 level and the 100 hourly simple moving average. There is a new…
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Ethereum Faces an Uphill Battle: Can It Overcome the Challenges?
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Ethereum price continued its decline and tested the $3,720 support. ETH is now consolidating and facing several hurdles near the $3,800 level. Ethereum continued its decline and tested the $3,720 area. The price is trading below the $3,820 level and the 100 hourly simple moving average. There is a new…
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Kenya on right path to building thriving digital, tech ecosystem
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Last week, I was honored to be part of the government delegation accompanying President William Ruto on his official visit to the United States. This visit comes in celebration of the sixtieth anniversary of the establishment of diplomatic relations between the two countries. A partnership that has been instrumental in…
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US futures fall further amid rate jitters; PCE test approaches By Investing.com
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Investing.com — U.S. stock index futures fell in overnight trading Thursday, extending losses as fears of higher interest rates and slowing growth led to a two-day rout on Wall Street, with focus now turning to key personal consumption expenditures data for more signals about… Inflation. . Investors were also on…
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Israel’s Groundbreaking Digital Shekel Challenge
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Source: Coin Journal In a strategic move to revolutionize the financial landscape, the Bank of Israel is moving forward with the development of the central bank digital currency (CBDC), the digital shekel. Recognizing the transformative potential of this innovative payment solution, the Bank of Israel (BoI) launched the “Digital shekel…
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UK Households with No Work Reach 12-Year High Amid Labour Crisis
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The number of UK households in which no adult is working has reached a 12-year high, highlighting a deepening jobs crisis that experts warn is stifling Britain’s economic growth. In the first quarter of this year, there were 269,000 non-student households in which no adult was employed at all, the…
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SEC, Terraform Labs, and Do Kwon Reach Agreement in Civil Fraud Case: Report
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Terraform Labs and its founder, Do Kwon, have reached a settlement with the US Securities and Exchange Commission (SEC) following fraud allegations surrounding the collapse of the TerraUSD stablecoin, Reuters reports. The agreement, which was disclosed on the court’s website, was reached after a jury found Kwon and Terraform Labs…