Author: Investor Empires
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Why world must call out Banga hype at the Springs
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Less than a year ago, former MasterCard CEO Ajay Banga was chosen in a surprise move to head the World Bank. Putting a Wall Street player addicted to profits in charge of a development institution that claims to help lift poor countries out of underdevelopment seemed inappropriate. Because many view…
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XTX Holdings (UK) Limited Posts Double-Digit Profit Decline in 2023
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XTX Markets’ global UK subsidiaries have published their 2023 financial results, revealing their profits fell by double digits. Despite this, the company’s management views the results positively, noting that 2022 was an exceptionally strong financial year. Net revenues and profits at XTX Markets UK fell sharply According to the report…
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Bitcoin Whales Balance Returns To Pre-FTX Collapse Levels – Impact On BTC Price?
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Heading into 2024, Bitcoin ETFs (exchange-traded funds) and the halving event are arguably the biggest stories in the cryptocurrency space. The Securities and Exchange Commission (SEC) approved the first spot Bitcoin products in the US early on, pushing the price of the coin to a new all-time high. On the…
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More Than 6,000 UK Bank Branches Closed in Nine Years Amidst ‘Disastrous’ Impact
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The number of UK bank branches that have closed permanently over the past nine years will exceed 6,000 on Friday, a milestone that highlights the significant impact on local communities. Consumer group what? It published these figures as part of its efforts to draw attention to widespread closures and their…
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Toncoin: $1 Billion Whale Activity Shakes Up Price
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Despite a recent surge in activity from large investors, often referred to as “whales,” the price of Toncoin (TON) appears to be headed toward more choppy waters. This comes at a time when analysts are raising concerns about the weakness of the cryptocurrency’s technical indicators and the possibility of it…
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Here’s how to protect yourself from cryptocurrency troubles
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Breadcrumb links Investor finance Cryptocurrency Cryptocurrency fraud totaled $3.96 billion in 2023, a 53% year-over-year increase, according to the FBI. Posted on May 19, 2024 • Last updated 0 minutes ago • 4 minutes read You can save this article by registering for free here. Or log in if you…
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Weekly Market Outlook (20-24 May)
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Upcoming events: Monday: People’s Bank of China LPR, Waller Federal Reserve Bank. Tuesday: Reserve Bank of Australia meeting minutes, Canadian Consumer Price Index. Wednesday: Reserve Bank of New Zealand policy decision, UK CPI, FOMC minutes. Thursday: New Zealand Q1 retail sales, Australia/Japan/Eurozone/UK/US flash PMIs, Eurozone negotiated Q1 wage growth, and…
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Bitcoin institutional investing ‘happening now’
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Anthony Scaramucci, founder of SkyBridge Capital, doubles down on his belief that institutional embrace of Bitcoin (BTC) is well underway and expected to accelerate significantly in the coming quarters. Speaking on CNBC,Squawk box“, the former White House communications director highlighted recent developments, such as the entry of US pension funds…
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Gantz issues ultimatum to Netanyahu
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National Unity Party head Benny Gantz issued an ultimatum to Prime Minister Benjamin Netanyahu last night: Either you present a strategic plan by June 8, or we leave the government. Gantz and his party joined Netanyahu’s government unconditionally after the October 7 Hamas attack on Israel, and he and his…
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Bridger Aerospace reports record Q1 revenue in 2024 By Investing.com
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Bridger Aerospace (ticker not provided) has reported a record first-quarter revenue of $5.5 million for fiscal 2024, a significant increase from the $365,000 in the same quarter of the previous year. This increase was attributed to the early deployment of Super Scooper and surveillance aircraft to Texas and Oklahoma. Despite…
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These Traditional Finance Giants Bought Bitcoin ETFs Last Quarter
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Bitcoin continues to reach new levels of adoption in the real world, as traditional finance (TradFi) companies embrace the digital asset at a remarkable pace. The significant investment in Bitcoin exchange-traded funds (ETFs) indicates growing institutional interest in cryptocurrency assets. Last quarter, a surprising number of US banks, investment managers,…
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Adecoagro maintains stability amid market shifts By Investing.com
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Adecoagro (AGRO), a leading agricultural company, reported its first-quarter 2024 results with a consolidated adjusted EBITDA of $90 million, holding steady compared to the previous year. Despite a decline in sugar prices affecting its sugar, ethanol, and energy segment’s year-over-year EBITDA, the company’s farming operations saw a significant recovery in…
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Hong Kong Trials China’s e-CNY
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Hong Kong, the dynamic hub of Asian finance, has taken a pioneering leap into the future of digital currency. in This is the first step of its kindChina has launched a pilot program for its electronic currency CNY, or digital yuan, allowing Hong Kong residents to test this new financial…
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Genesis Gains Court Approval For $3 Billion Repayment Plan
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Bankrupt cryptocurrency bank Genesis Global Capital has received court approval to begin a $3 billion repayment plan for its creditors. This decision comes with the revelation that Digitalcurrency Group (DCG), Genesis’ parent company, will not recover any value from the bankruptcy payout plan. US court upholds Genesis and rejects DCG’s…
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Genesis Gains Court Approval For $3 Billion Repayment Plan
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Bankrupt cryptocurrency bank Genesis Global Capital has received court approval to begin a $3 billion repayment plan for its creditors. This decision comes with the revelation that Digitalcurrency Group (DCG), Genesis’ parent company, will not recover any value from the bankruptcy payout plan. US court upholds Genesis and rejects DCG’s…
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This Will Be the Next Artificial Intelligence (AI) Company to Split Its Stock
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Many technology companies have witnessed this recently Stock split. Some of the most high-profile tech stock splits in recent memory involve members of the “Magnificent Seven.” Tesla, Nvidia, Amazon, the alphabetAnd apple. While there are a number of upcoming stock splits that you should be aware of, there is one…
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Hedge funds play a weak Japanese yen By Reuters
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Written by Neil McKenzie LONDON (Reuters) – Pressure on Japan to support a weak yen may have eased, but the currency’s weakness remains a headache for Tokyo. The yen has fallen 9.4% against the dollar so far this year, and appears poised for a fourth year of declines. This has…
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Why Altcoins Are The Best Investment For Now
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Renowned cryptocurrency analyst Michael van de Poppe continues to support altcoins for an impressive bullish performance in the coming months. in New X post on Saturdaythe veteran analyst delves into the reasons behind his call for investing in altcoins ahead of the highly anticipated crypto rally. Related reading Investing in…
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Taylor Swift could boost Europe’s economy more than America’s
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The American pop icon filled an empty space that the world never knew existed with her soulful music. Although her songs are poignant, Swift is also an economic force. Her Eras tour, which launched last year in the wake of the global pandemic, has broken records Highest-grossing round in history.…