Category: faces
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New York power grid faces shortfalls as new clean energy supply lags, NYISO says (NYSE:ED)
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Gargolas/iStock via Getty Images Electrical grid in New York You will experience a shortage in supply If the rate of retirement of fossil fuel-fired power plants continues to outpace the addition of new clean energy supplies as demand rises, the New York Independent System Operator said Thursday in Annual reliability…
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Lady Bamford’s Daylesford Organic Faces Mounting Losses
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Lady Bamford’s popular farm shop, Daylesford Organic, has announced a major financial contraction, posting a £3.6m loss last year as customers increasingly turn away from its premium produce. The sharp decline follows a modest loss of £291,000 the previous year, representing a worrying reflection on the company’s growth and profitability…
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Ethereum Faces an Uphill Battle: Can It Overcome the Challenges?
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Ethereum price continued its decline and tested the $3,720 support. ETH is now consolidating and facing several hurdles near the $3,800 level. Ethereum continued its decline and tested the $3,720 area. The price is trading below the $3,820 level and the 100 hourly simple moving average. There is a new…
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Ethereum Faces an Uphill Battle: Can It Overcome the Challenges?
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Ethereum price continued its decline and tested the $3,720 support. ETH is now consolidating and facing several hurdles near the $3,800 level. Ethereum continued its decline and tested the $3,720 area. The price is trading below the $3,820 level and the 100 hourly simple moving average. There is a new…
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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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Pump.fun platform on Solana faces potential exploit
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Ongoing investigations reveal that Solana-based platform Pump.fun, which facilitates token launches, was exploited by flash loans to manipulate its correlation curve. Gotbit Hedge Fund Putting a mark concerns on social media, saying: “Pumpfun may be under attack. This wallet ?SolScan link) buys all tokens on Pumpfun within minutes to fill…
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Helb faces Sh3.7bn budget cut
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The Treasury has proposed cutting the Higher Education Loans Board (Helb) budget by Sh3.7 billion in the financial year starting July, which could affect thousands of loan beneficiaries. The Treasury is seeking to allocate Sh33.3 billion to HELP to fund thousands of needy students in universities and colleges in the…
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Robinhood Faces SEC Enforcement Action: Navigating The Regulatory Landscape
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The cryptocurrency industry has been a hotbed of regulatory scrutiny, with several government agencies closely monitoring the activities of digital asset platforms. In a recent development, Robinhood Markets, the popular online brokerage, has found itself in the crosshairs of the US Securities and Exchange Commission (SEC). The company’s cryptocurrency division,…
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Robinhood Faces SEC Enforcement Action: Navigating The Regulatory Landscape
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The cryptocurrency industry has been a hotbed of regulatory scrutiny, with several government agencies closely monitoring the activities of digital asset platforms. In a recent development, Robinhood Markets, the popular online brokerage, has found itself in the crosshairs of the US Securities and Exchange Commission (SEC). The company’s cryptocurrency division,…
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Coinbase Faces Lawsuit for Alleged Deception in Selling Unregistered Securities
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Cryptocurrency exchange Coinbase and its CEO, Brian Armstrong, are facing a new lawsuit from a group of plaintiffs from California and Florida who claim they were deceived into buying unregistered securities. This is not the first legal hurdle Coinbase faces following a lawsuit filed by the US Securities and Exchange…
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Coinbase Faces Class Action Lawsuit, Implications For Solana And 7 Other Cryptocurrencies
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The cryptocurrency scene has been rocked by a new class action lawsuit filed against leading US exchange Coinbase. the Coinbase The lawsuit alleges that the exchange has willfully and systematically violated state securities laws since its inception, with plaintiffs claiming that many of the digital assets traded on Coinbase are…
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Analysis-Japan faces a tough tug-of-war with yen bears By Reuters
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Written by Ankur Banerjee and Ray Wei SINGAPORE (Reuters) – Japan appears to have bought some time and respite for the falling yen during its latest suspected wave, but it has also set itself up for a protracted war with a market that views the currency as a sell-off in…
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McDonald’s Faces Profit Disappointment Amidst Cost-Conscious Consumers and Middle East Conflict
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McDonald’s, the American fast food giant, finds itself facing profit setbacks, with CEO Chris Kempczinski stressing growing financial caution among consumers and the repercussions of the conflict in the Middle East on its global operations. In the latest quarter, McDonald’s reported modest 1.9 percent growth in comparable sales, below Wall…
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Denmark’s Novo Nordisk expects 27% sales surge this year but faces price pressure for weight loss drug Wegovy amid Eli Lilly competition
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Novo Nordisk A/S raised its earnings forecast as the drugmaker now ships five times more introductory doses of the weight-loss drug Wegovy in the US than at the end of last year. More than 25,000 patients are now starting treatment each week in the United States, CEO Lars Frørgaard Jørgensen…
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Mulberry Faces Sales Decline Amidst Luxury Market Slowdown
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Mulberry, the British luxury brand known for its exquisite leather handbags, faced a 4% decline in annual sales, reflecting broader trends of lower spending among affluent consumers. Despite growth in international markets, particularly in the US, the company faces challenges in the UK and Asia, reflecting the prevailing decline in…