Author: Investor Empires
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Walmart and Target earnings show Americans are struggling with inflation
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Economists have been looking for cracks in U.S. consumer spending for years now amid persistent inflation and rising interest rates, but until recently, Americans have been defying the odds at every turn. Despite persistent recession forecasts and dismal consumer sentiment numbers due to rising costs of living, Americans have managed…
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Saxo Bank Names Casper Solbakken as the Global Head of Commercial Offering and Experience
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Saxo Bank has appointed Casper Andreas Solbakken as Global Head of Commercial Offerings and Experiences. Solbakken has worked with the online trading and investing company for over 18 years in various positions. Since July last year, he has been Global Head of Products, Pricing and Platforms. 18 years at Saxo…
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The Wrong Lessons of Pizza Day
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The following is an excerpt on Bitcoin Pizza Day from “Fiat Ruins Everything” by Jimmy Song. Visit the Bitcoin Magazine Store to order a print, digital or audio copy of the book. Pizza Day is often viewed with a sense of regret. The well-known story goes like this: many years…
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Airtime, financial transaction levies dethrone ‘sin taxes’ as new KRA excise duty cash cow
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For a long time, the excise tax basket of tax officials was nearly filled with groups of individuals who could barely resist a rush of nicotine or a sip of the suds. Because the excise taxes were mainly taken from cigarettes and alcohol, they were called “sin taxes.” But the…
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Dollar steady; Fed speakers could provide impetus By Investing.com
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Investing.com – The US dollar traded in a narrow range on Tuesday, holding steady as traders looked for new clues about the expected timing and extent of federal interest rate cuts this year. At 04:30 EDT (08:30 GMT), the dollar index, which tracks the greenback against a basket of six…
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‘EV Health Checker’ creator ClearWatt reaches £200,000 fundraising target with latest investment from Prova
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Software company ClearWatt brings transparency to the used electric vehicle market by measuring and certifying the health of an electric vehicle battery. The EV Health Checker app provides consumers and dealers with important information needed to make more informed purchasing decisions. As part of its latest funding round, Prova Investments…
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Daily Broad Market Recap – May 21, 2024
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Major financial assets saw relatively light volatility as traders waited for expected reports scheduled for later this week. Crude Oil fell on concerns about the impact of “higher for longer” global interest rates while Ethereum (ETH/USD) got a boost from optimism over ETF approval. Most major forex currencies were in…
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GALA rockets after incident recovery, token burning proposal
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The Gala Games token, GALA, was a big gainer on Wednesday after recovering funds from a recent security incident and suggesting it be burned in order to stabilize the token. GALA’s price rise comes after it released a report on the hack. The report credits the effective response of the…
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US stocks closed lower ahead of Nvidia earnings
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All major US stock indices closed lower, led by the Dow Jones Industrial Average, which fell -0.51%. Nvidia’s post-close earnings were released with expectations of $5.65 on revenue of $24.69 billion (give or take – I see other estimates of $5.60 on $24.60 billion). The company reported adjusted EPS of…
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Fresh Wave of Demand for Bitcoin (BTC) Could Spark New Rally
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Bitcoin rose above $71,000 this week, breaking out of a tight trading range in which it had been confined for several weeks. One of the main catalysts for this price movement is strong demand through ETFs, with net inflows of around $1.2 billion over the past week. Going forward, several…
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NIS 7b wiped off Maytronics’ value since 2021
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Members of Kibbutz Jezreel in northern Israel must have pulled out their hair when they saw the stock price of pool-cleaning robot maker Maytronics (TASE: MTRN) fall nearly 30% in a single day following the release of disappointing first-quarter financials. The stock price collapse wiped out about NIS 1 billion…
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Bristol Myers, Sanofi liability in Hawaii Plavix case grows to $916 million By Reuters
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Written by Brendan Pearson (Reuters) – A Hawaii judge on Tuesday ordered Bristol-Myers (NYSE:) Squibb Inc Sanofi (NASDAQ:) to pay more than $916 million to the state for failing to warn nonwhite patients about health risks from the blood-thinner Plavix, up from a previous judgment of $834 million. The ruling…
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Bristol Myers, Sanofi liability in Hawaii Plavix case grows to $916 million By Reuters
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Written by Brendan Pearson (Reuters) – A Hawaii judge on Tuesday ordered Bristol-Myers (NYSE:) Squibb Inc Sanofi (NASDAQ:) to pay more than $916 million to the state for failing to warn nonwhite patients about health risks from the blood-thinner Plavix, up from a previous judgment of $834 million. The ruling…
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Solana & Bitcoin Sentiment Still Bearish: Signal To Buy?
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Data suggests that market sentiment around Solana (SOL) and Bitcoin (BTC) is currently negative, which could benefit their prices. Crowds skeptical about Solana and Bitcoin while Ethereum gets all the hype As on-chain analytics company Santiment explained in a mail On X, investors are not yet bullish on Bitcoin and…
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Harold L. Keene buys new Peoples Bankshares stock worth over $6,000 By Investing.com
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Harold L. Keene, director and majority shareholder of New Peoples Bankshares Inc (OTC:NWPP), recently purchased additional shares of the company’s common stock, according to a new regulatory filing. Keene acquired shares in two separate transactions, for a total investment of more than $6,000. The first purchase, which was not reported…
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ETFs Surge 47% among US Retail Investors, Thanks to Millennials and Gen-Z
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Exchange-traded funds (ETFs) are becoming increasingly popular among retail investors in the United States, with their usage rising from 31% in 2018 to 47% in 2023 and expected to exceed 50% by 2025. According to a study by Broadridge Financial Solutions Millennials and Generation Z investors are increasing their market…
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White House Eager To Work With Congress On Crypto Framework Bill
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Today, the Executive Office of United States President Joe Biden issued an Administration Policy Statement on legislation HR 4762 – the Financial Innovation and Technology Act 21 (FIT 21), which aims to create clear guidelines for digital assets. JUST IN: ?? The White House is eager to work with Congress…
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America Will Be A ‘Nation Of Renters’ As Prices Soar Beyond Wages Under Biden’s Watch, Says Grant Cardone
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America will be a ‘nation of renters’ as prices rise beyond wages under Biden, says Grant Cardone Under the Biden administration, the gap between US wage increases and rising rental costs has widened, with real estate tycoon Grant Cardone attributing the disparity to current federal economic policies. While 1.2 million…
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Dollar steady ahead of Fed minutes, sterling gains on CPI release By Investing.com
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Investing.com – The US dollar traded calmly on Wednesday ahead of the release of minutes from the Federal Reserve’s latest meeting, while the British pound rose as inflation fell less than expected in April. At 04:55 ET (08:55 GMT), the dollar index, which tracks the greenback against a basket of…