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UBS maintains RBA rate cut forecast, weighs in on AUD/USD By Investing.com
UBS on Thursday provided insight into Australian Federal Treasurer Jim Chalmers’ third budget announcement, which announced a second successive surplus of A$9.3 billion. Despite this positive result, UBS highlighted a projected deficit of A$28.3 billion for the 2024-25 financial year, a wider figure than the Treasury’s previous forecast. The company…
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Ex-BlackRock Bitcoin ETF Lead Appointed New Vanguard CEO
Vanguard, one of the world’s largest investment firms, has named a new CEO: Salim Ramji, who previously led BlackRock’s ETF business and helped launch the spot Bitcoin ETF, IBIT, in January. JUST IN: Vanguard names new CEO Salim Ramji, a former Blackrock director #Bitcoin Lead in ETFs. Earlier, Vanguard rejected…
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Co-op Bank profit up 8pc to Sh6.6bn in first quarter
The Cooperative Bank of Kenya posted a 7.7 percent growth in net profit to Sh6.58 billion in the first three months ended March 2024 thanks to increased income and containment of operating costs. The growth in net profits from Sh6.11 billion recorded in the same quarter last year came on…
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USDJPY moves back to 100/200 hour MAs
USDJPY fell sharply in the Asian session after breaking below the swing zone at 154.778 and 154.878. The decline saw the price move to and through another target area near 153.99 (we call it 154.00). The low price extended down to 153.595 before starting its bounce back higher. This bounce…
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Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy?
The price of the Shiba Inu (SHIB) has shown a notable increase, rising 6.5% over the past 24 hours and 12.5% over the past week, marking a significant shift towards bullish momentum. Technical analysis of the SHIB/USD daily chart reveals a descending trend line where the price has been rejected…
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Artisan AI closes a $7.3M seed round to build AI employees for enterprise
Artisan AI, a startup that builds AI employees and software for large enterprises, has raised $7.3 million in a round led by Oliver Young, an early investor in Airbnb, Rippling, Revolut, and several other unicorns. Other investors include Sequoia Scout, Y Combinator, Soma Capital, BOND Capital, Anu Hariharan, Paul Daversa,…
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Biden running out of time to turn voters’ perceptions on inflation: strategists By Investing.com
Research firm Strategas released data showing that its inflation index grew at a rate of 3.8% year-on-year. The CPI for the Common Man measure focuses on items that people have to buy regularly – food, energy, shelter, clothing, utilities and insurance. This marks the ninth straight month that the regular…
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Bitcoin’s blitz above $66k bolsters altcoin gains
Bitcoin posted one of its best trading days in nearly two months, spurring market sentiment and capital deployments. According to CoinMarketCap, six cryptocurrencies posted double-digit price gains, with Bitcoin (BTC) surpassing $66,000 in the past 24 hours and growing over 6% on May 15. At the time of publication, data…
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FMAS:24 Session Spotlight – Know Your Partner: Do’s and Don’ts in Tech and IBs
In just a few days, the Finance Magnates Africa Summit (FMAS:24) will kick off in Sandton City, South Africa! Have you reserved your seat for the biggest event of the year in Africa? FMAS:24, held from 20 to 22 May at the Sandton Convention Centre, returns for the second year…
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Here’s Why Polkadot’s (DOT) Price May Rally to $20-$25 Soon (Analysts)
Turkish lire; Dr Polkadot’s price briefly surpassed $7, with its market capitalization approaching $10 billion, indicating that the market may have rebounded. Analysts emphasized that DOT could see a rally to $20-$25 or $9-$13 if it overcomes key resistance levels and benefits from recent protocol developments. Where is DOT headed?…
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Israel’s GDP jumps but still below pre-war level
According to the Central Bureau of Statistics’ preliminary estimate, Israel’s GDP rose by an annual rate of 14.1% in the first quarter of 2024, or by 3.3% in the same quarter. This comes after a decline of 21.7% year-on-year in the last quarter of 2023, in which the Iron Sword…
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UBS forecasts shekel strength on Israel’s recovery, Fed easing By Investing.com
UBS expects the value of the Israeli shekel to rise against the US dollar, anticipating a decrease in the geopolitical risk premium. The shekel briefly surpassed 3.80 against the dollar due to recent tensions between Iran and Israel, as well as the ongoing conflict with Hamas. UBS analysts expect these…
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Initial jobless claims dip to 222,000 last week, but still above estimates By Investing.com
Investing.com – The number of Americans filing for unemployment benefits for the first time was higher than expected last week, although the number was down from the previous period. In the United States it fell to 222,000 in the week ending May 11, down from an upwardly revised total of…
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U.S. CPI Failed to Impress, Annual Inflation Dipped to 3.4% in April
The headline US CPI came in weaker than expected with a 0.3% month-on-month increase in April versus an estimated 0.4% increase. This brought the annual CPI reading down from 3.5% to 3.4% as expected. Meanwhile, core inflation only reached the mark, showing a 0.3% monthly increase in core price pressures.…
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CME to Launch Bitcoin Trading for Hedge Funds and Traders
The Chicago Mercantile Exchange (CME), the world’s largest futures exchange, plans to offer spot trading of bitcoin on its platform, according to the Financial Times. a report. The move will provide major hedge funds and institutional traders a regulated place to trade Bitcoin. New: ?? The world’s largest futures exchange,…
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The State Is The Terrorist In The Case Against Samourai Wallet
“A state is any entity that can pardon a crime retroactively. If you pardon a murder, you get an army. If you pardon an assault, you get a police. If you pardon a theft, you get taxes. This idea exists that the sovereign ability to change the rules “For a…
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Istanbul Pushes Ahead With IPO Plan for $10 Billion Gas Grid
Breadcrumb links PMN works Istanbul authorities are reviving a plan to privatize the city’s gas network in what could be one of Turkey’s largest initial public offerings ever. Article writer: Bloomberg News Erkan Ersoy Posted on May 16, 2024 • 2 min read You can save this article by registering…
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Cryptocurrency Market Surges with SOL Momentum
Solana started a new rally above the $150 resistance level. SOL price has risen by about 15% and may continue to rise if it crosses the $165 resistance level. SOL price recovered higher and tested the $162 resistance level against the US Dollar. The price is now trading above the…
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Carasso to build 3 towers on Tel Aviv head office site
Earlier this week, the Tel Aviv Local Planning and Building Committee approved a plan for the Reval Street area promoted by the Karasu Group, the company said this morning. The area between Reval, Yagia Kabaim and Yad Harutzim streets is 14 dunams (3.5 acres). Karasu plans to build three towers…