Author: Investor Empires
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Israel’s National Insurance faces an empty purse by 2036
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“In 2036, the fund will be empty, and without additional financing or the return of the funds taken to the state treasury, the National Insurance Corporation will not be able to meet its full obligations,” the Israel National Insurance Corporation’s latest actuarial report states. The date on which the National…
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Elliott builds $1 billion-plus stake in Johnson Controls, Bloomberg reports By Reuters
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(Reuters) – Activist investor Elliott Investment Management has built a position worth more than $1 billion Johnson Controls (NYSE:) International Plc, Bloomberg News reported on Sunday. The Bloomberg report also said that Elliott’s intentions behind the stake in the building solutions provider could not be immediately known. Elliott & Johnson…
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Stop Betting on Dead Horses!
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The world of finance is no stranger to colorful characters, and this week, the gloves were off between two titans with opposing views on Bitcoin: Peter Brandt, a cryptocurrency bull, and Peter Schiff, a Bitcoin skeptic. Their battlefield? Social media of course. Schiff touts the brilliance of silver, Brandt calls…
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FPT Software Collaborates with JAL Information Technology to Develop Strategic Aviation IT System By Investing.com
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TOKYO–( BUSINESS WIRE )–FPT Software has signed a Memorandum of Understanding with JAL Information Technology (JIT), a subsidiary of JAL Infotech – a provider of aviation technology solutions and services. For Japan Airlines. This partnership will see the two sides cooperate in developing information technology systems for the aviation and…
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A Financial Tug-of-War Between Responsibility and Reward
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The world of credit cards can seem like a carefully crafted game. You swipe the plastic, the debt fairy temporarily gives you purchasing power, and then, the clock starts ticking. Bills arrive, due dates approach, and on-time payment unlocks coveted rewards—cash back, travel miles, and discounts that dangle like virtual…
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Bitcoin Price Dips Yet Stays Positive: Market Sentiment Remains Upbeat
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Bitcoin price extended its rally above the $67,500 resistance level. BTC tested the $68,000 resistance level and is currently correcting gains. Bitcoin started a downward correction after rising towards the $68,000 resistance area. The price is trading below the $67,000 level and the 100 hourly simple moving average. There was…
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Asian Stocks Rise After US Gains, China Support: Markets Wrap
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(Bloomberg) — Asian stocks were mostly higher in early trading after U.S. stocks hit a new record high amid resilient corporate earnings and as China took steps to shore up its real estate market. Most read from Bloomberg Stocks rose in Australia and Japan, and Hong Kong futures pointed to…
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Asian Stocks Rise After US Gains, China Support: Markets Wrap
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(Bloomberg) — Asian stocks were mostly higher in early trading after U.S. stocks hit a new record high amid resilient corporate earnings and as China took steps to shore up its real estate market. Most read from Bloomberg Stocks rose in Australia and Japan, and Hong Kong futures pointed to…
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NFT weekly sales drop to $145m, Bitcoin leads in downturn
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Over the past seven days, the non-fungible token (NFT) market has seen sales reach $145 million, reflecting a decline of more than 9% from the previous week. This contraction continues the trend of declining sales over recent weeks, with four out of five blockchains by sales volume seeing a decline…
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SA Roundtable: Are Eli Lilly and Novo Nordisk overvalued? (NYSE:LLY)
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jetcityimage Eli Lilly shares (New York Stock Exchange: LLY) and Novo Nordisk (NVO) in recent months, driven by growing demand for the companies’ weight-loss/diabetes drugs tirzepatide, also known as Mounjaro and Zepbound, and semaglutide, known as Ozempic and Wegovy. more Over the past 12 months, Lilly shares are up 76%…
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SA Roundtable: Are Eli Lilly and Novo Nordisk overvalued? (NYSE:LLY)
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jetcityimage Eli Lilly shares (New York Stock Exchange: LLY) and Novo Nordisk (NVO) in recent months, driven by growing demand for the companies’ weight-loss/diabetes drugs tirzepatide, also known as Mounjaro and Zepbound, and semaglutide, known as Ozempic and Wegovy. more Over the past 12 months, Lilly shares are up 76%…
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Japan and ASEAN plan joint strategy on auto production, Nikkei reports By Reuters
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(Reuters) – Japan and the Association of Southeast Asian Nations (ASEAN) plan to develop their first joint strategy on automobile production and sales within the Southeast Asian bloc to counter China’s growing presence in the electric vehicle market, a newspaper reported on Monday. The goal is to develop an interim…
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Confidential UN Report Exposes Lazarus Group’s $147.5M Stolen Crypto Transfer to North Korea
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A confidential UN report obtained by Reuters reveals that North Korea’s notorious cybercrime group known as the Lazarus Group transferred millions of stolen cryptocurrencies to the Asian country last year. In March 2023, these North Korean hackers illegally seized $147.5 million worth of cryptocurrencies from HTX, a cryptocurrency exchange owned…
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The ship that destroyed Baltimore’s Francis Scott Key Bridge will be escorted by up to 5 tugboats as it’s moved to a nearby dock
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18 hours of preparations begin Sunday to refloat the ship that destroyed Baltimore’s Francis Scott Key Bridge and move it to a nearby dock, as officials continue clearing a debris channel that has blocked the city’s harbor for nearly two months. The plan calls for Daly to move under the…
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Watch Out Boomers, the Gen T Retail Traders Are Coming
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In a recent study conducted by Charles Schwab in the UK, a striking generation gap emerged among UK retail investors, revealing that Gen Z and millennial investors are adopting more active and open investment strategies than their older counterparts. Dedicated Forex cloud solutions with stable and fast cross-border connections capable…
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Crypto Institutions Gobble Up Billions In Bitcoin ETFs, Stockpiling 250,000 BTC
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Things are starting to turn around in the world of cryptocurrencies, with institutional investors having great success with Bitcoin exchange-traded funds (ETFs), while retail investors seem content to remain on the sidelines. A recent report from IntotheBlock paints a picture of a two-tiered market, with hedge funds and even pensions…
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Inflation ‘Turns UK into Nation of Savers,’ Reports Resolution Foundation
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Inflation has dramatically reshaped the UK economy, steering households towards the highest savings rate in three decades and cutting spending by £50bn, according to the Decision Foundation. In a recent report, the Center for Economic Research highlighted that household consumption contracted more than the decline in real income during the…
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Inflation ‘Turns UK into Nation of Savers,’ Reports Resolution Foundation
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Inflation has dramatically reshaped the UK economy, steering households towards the highest savings rate in three decades and cutting spending by £50bn, according to the Decision Foundation. In a recent report, the Center for Economic Research highlighted that household consumption contracted more than the decline in real income during the…
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Economic calendar in Asia Monday, 20 May 2024 – People’s Bank of China rate setting day
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Last Wednesday, the People’s Bank of China kept the interest rate on its medium-term lending facility unchanged at 2.5%. The MLF’s no-change rate strongly suggests that the one-year and five-year loan coverage rates will remain at the same rates as well: 3.45% and 3.95%, respectively The MLF rate setting is…
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Solana Blasts Past Resistance: Buckle Up for $330
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Solana (SOL) is riding a wave of investor confidence, with its price steadily moving toward uncharted territory. This uptrend has analysts looking to their charts and telescopes, anticipating a potential price explosion that could push SOL to its all-time high (ATH) and beyond. However, amid the excitement, some experts are…