Author: Investorempires.com
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Dow, S&P 500, Nasdaq notch record close as cooling inflation boosts rate-cut hopes By Investing.com
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Investing.com – The Dow Jones, S&P 500 and Nasdaq closed at record levels on Wednesday, as consumer inflation fell more than expected after three months of bullish surprises, raising hopes for faster interest rates and sending Treasury yields sharply lower. At 16:00 EDT (20:00 GMT), it was up 349 points,…
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Will Prices Easily “Explode” Past $74,000 Or Dump Due To Miner Capitulation?
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Bitcoin prices have been trending lower in the past two weeks and generally remain within a bearish formation. Although momentum appears to be rising, the bulls are not out of the woods yet. Analysts do not lose hope and remain overly optimistic, predicting a rally that will take the world’s…
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Renaissance Technologies bought GameStop, AMC shares, filing says
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NEW YORK (Reuters) – Hedge fund Renaissance Technologies added a new long position in GameStop and significantly increased its position in AMC Entertainment during the first quarter, putting it in a position to profit from the meme stock mania sweeping the U.S. stock market this week. Renaissance added 1,004,958 shares…
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Prop Trading Firm AquaFunded to Launch Match-Trade
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Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Here’s a sneak peek at FMAS:24’s vibrant atmosphere! Join us at Africa’s premier financial…
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Peaq joins Mastercard Start Path program, connects DePIN with tradfi
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Peaq, a tier-1 blockchain, has become a participant in the Mastercard Start Path program. Representatives of Peaq, a layer-one blockchain for decentralized physical infrastructure networks (DePIN) and machine real-world assets (RWAs), told crypto.news that the payment giant’s software is designed to support promising advanced-stage projects in various areas of fintech…
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UBS raises EURSEK targets, cites Riksbank cut and inflation By Investing.com
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On Monday, UBS revised its stance on the Swedish Krona (SEK), adopting a moderately bearish outlook following the Riksbank’s recent decision to cut interest rates. The bank has revised its forecast for the exchange rate, and now expects it to reach 11.80 by the end of the second quarter, 11.90…
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Trader Nets $46 Million with PEPE Amid Meme Coin Craze
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An anonymous trader made headlines by making a profit of $46 million through PEPE in one year, equivalent to 15,718 times profit. This comes as the Solana-based meme coin recently hit a milestone that saw it reach a new all-time high on May 15. Trader strategy According to Lookonchain data,…
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Swiss running shoe brand On, backed by Roger Federer, sprints ahead with $560m quarterly sales
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Swiss-based, New York-listed running shoe company On is on an upward trend. Its distinctive nozzle shoes have become a favorite of runners around the world, even though it has been around for fewer years than some of its peers. The timing couldn’t be better as more people did I turned…
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Update technical look at the EURUSD as the price stretches to new session highs
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EURUSD extends to a new session high and in the process: It succeeded in breaking away from the 100-day moving average at 1.08235, The 61.8% retracement of the downward move from the March high at 1.08354 moved above it. It extends towards the next swing zone between 1.0875 and 1.0887.…
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Lawyers challenges nomination of former MCA as regional court judge
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The Law Society of Kenya (LSK) has challenged the nomination of Zablon Moroka Mukwa as a judge at the East African Court of Justice (EACJ) arguing that the former chamber representative is not qualified for the position. Mr Mukwa, who served as Member of the County Assembly (MCA) for the…
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BioAtla reports promising data in cancer drug trials By Investing.com
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BioAtla, a biotechnology company, has announced its first-quarter financial results and provided a business update, highlighting positive data from ongoing clinical trials and the potential for strategic partnerships. The company showcased encouraging results from its CAB-ROR2-ADC drug in treating head and neck cancer and is preparing for FDA guidance on…
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Volcano Bitcoin Mining Gives El Salvador $29 Million Boost
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Official data revealed that El Salvador has mined approximately 474 bitcoins worth about $29 million since September 2021 using geothermal energy from Tecapa volcano. This boosts the country’s total Bitcoin holdings to 5,750 BTC worth more than that $360 million. Just in: ?? El Salvador has mined approximately 474 #Bitcoin…
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Brexit Border IT Outages Delay Import of Perishable Items to UK by Up to 20 Hours
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Trucks carrying perishable goods such as meat, cheese and fresh cut flowers from the European Union are facing delays of up to 20 hours at the UK’s busiest Brexit border posts due to a failure in government IT systems. These delays have led to significant disruptions, reducing the shelf life…
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Analysts Forecast Explosive 200% Rally
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Floki Inu (FLOKI), a meme coin inspired by Elon Musk’s Shiba Inu puppy, is causing a storm, with analysts predicting a potential price rise of 120% to 200% in the coming months. This comes amid a period of impressive performance for FLOKI, defying the overall market slowdown. Related reading Floki…
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April home sales up 10% compared with year ago, but monthly sales slow
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Article content OTTAWA — The Canadian Real Estate Association says the number of home sales in April was up 10.1 per cent compared to last year, but it attributed the increase primarily to the early Easter long weekend. The increase came as the average price of a home sold last…
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Credit Agricole says EUR/JPY is overvalued By Investing.com
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Credit Agricole’s (OTC:) FAST FX model indicated that the currency pair appears overvalued, prompting the bank to recommend a sell trade. The model estimates that the short-term fair value of the EUR/JPY has fallen from a record high of 163.9110 to 162.1633. This shift is due to the rise in…
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Credit Agricole says EUR/JPY is overvalued By Investing.com
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Credit Agricole’s (OTC:) FAST FX model indicated that the currency pair appears overvalued, prompting the bank to recommend a sell trade. The model estimates that the short-term fair value of the EUR/JPY has fallen from a record high of 163.9110 to 162.1633. This shift is due to the rise in…
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Jack Dorsey’s Bullish Prediction Of $1 Million By 2030
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The cryptocurrency market has been the subject of intense fascination and speculation in recent years, with industry leaders such as Jack Dorsey, the visionary co-founder of fintech group Block and former CEO of Twitter, offering their insights. Dorsey, who is Jack Dorsey? He has long been a staunch supporter of…