Category: High
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Bitcoin Transactions Hit Yearly High: Over $25 Billion Transferred
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While the price of Bitcoin is stagnant below a major resistance level, the blockchain has achieved a remarkable milestone before the end of the month. On May 28, transactions on the Bitcoin network exceeded $25 billion in estimated value, marking the highest level in US dollar terms over the past…
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Asia FX weak, dollar at over 2-week high before more rate, inflation cues By Investing.com
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Investing.com — Most Asian currencies fell on Thursday, while the dollar rose above two-week highs on caution ahead of more key signals on U.S. inflation and interest rates in the coming days. Regional currencies are still reeling from a series of hawkish signals from the Federal Reserve, with officials warning…
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Israel gov’t bond yields hit 13-year high
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The Israeli government bond market is showing worrying signs. This week, the yield on 10-year bonds rose above 5% for the first time since 2011. Meaning: demand for the Finance Ministry’s large debt offerings is declining, and the country is forced to pay higher interest. The 10-year bond is considered…
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High home prices in swing states could help Biden in presidential election, study says
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the study, “Housing performance and votersanalyzed home prices and election results in every county in the continental United States during each of the last six presidential elections. What he found was that swing counties in which home prices rose significantly in the four years before the election were more likely…
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Costco Q3 earnings beat all key metrics after shares closed at an all-time high
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Costco (COST) posted another huge quarter as consumers look for wallet-friendly prices on everyday essentials. On Thursday afternoon, the company reported net sales of $58.52 billion, compared to estimates of $57.98 billion. Its adjusted earnings of $3.78 also beat estimates of $3.70. “We’re definitely winning in consumer items, where we…
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UK Households with No Work Reach 12-Year High Amid Labour Crisis
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The number of UK households in which no adult is working has reached a 12-year high, highlighting a deepening jobs crisis that experts warn is stifling Britain’s economic growth. In the first quarter of this year, there were 269,000 non-student households in which no adult was employed at all, the…
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Datadog lifted to Buy at Bank of America as it establishes itself as the ‘next high quality large cap stock’ By Investing.com
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Bank of America on Thursday announced the upgrade of Datadog, Inc. (NASDAQ:) to Buy from Neutral, with an increased target price of $155, from the previous price of $143. The company cited Datadog’s strong performance and potential growth opportunities, saying it is “establishing itself as the next great quality stock.”…
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Millennial Homeownership Reaches 12-Year High Amid Rising Wages
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Homeownership among millennials has risen to its highest level in more than a decade, driven by a significant rise in income among young people, according to recent research by the Institute for Fiscal Studies (IFS). The IFS findings reveal a marked recovery in property ownership among 25- to 34-year-olds, which…
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U.S. Treasury auctions off $70 billion of five-year notes at a high yield of 4.553%
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High yield 4.553% WI level at option time 4.540% Tail: +1.3 basis points versus six averages. -0.1 pressure point Bid to cover: 2.3X versus a six-month average of 2.41X Traders: 19.52% vs. six-month average of 16.0% Direct: 15.44% vs. six-month average of 17.9% Indirect investments: 65.04% vs. six-month average of…
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FX Watch: How High Can AUD/JPY Fly Ahead of Australia’s CPI?
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AUD/JPY is hitting a major technical resistance area ahead of the monthly CPI release in Australia! In case you missed the latest overall market summary, you should know that traders are riding a risk-friendly wave as traders price in potential interest rate cuts by major central banks like the Federal…
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Binance Doubles Down on Low Float, High FDV: Calls for Action
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There has been growing concern about increased traction for tokens with high valuations but low initial circulating supply, sparking discussions about the sustainability of upside potential for traders following a token generation event (TGE). The latest findings from Binance Research have confirmed this trend, depicting a growing number of tokens…
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Pepe soars to new all-time high, surges 98.8% in a month
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Pepe (PEPE), the popular frog-themed coin, continued its bull streak, rising more than 10%. Over the past few days, the price of Pepe has been rising, hitting all-time highs (ATHs) several times. In the past 24 hours, Pepe’s price jumped more than 10%, reaching $0.00001577, marking a new ATH and…
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Inflation, high living costs push seniors to riskier investments
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Breadcrumb links Investor Fixed-income investments have long been an attractive option for an aging population, but with rates falling, there is a growing appetite for risk. Posted on May 25, 2024 • Last updated 43 minutes ago • 3 minutes read You can save this article by registering for free…
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Do Kwon’s Extradition Case Sent Back to High Court after Appeal: Report
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The decision to extradite Do Kwon to the United States or South Korea has been returned to the Supreme Court after the Montenegrin Court of Appeal approved an appeal by the Terraform Labs co-founder and his lawyers. Montenegro’s Vijesti news website reported today (Friday) that the country’s Court of Appeal…
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Asia FX nurses losses as dollar hits 10-day high on easing rate cut bets By Investing.com
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Investing.com — Most Asian currencies fell on Friday and suffered sharp losses against the dollar, as hawkish signals on inflation and interest rates led traders to price in expectations of interest rate cuts in 2024. Sentiment towards Asian markets was also shaken by signs of a renewed trade war between…
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Dollar hovers near one-week high on hawkish Fed minutes; kiwi firm By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – The dollar hovered near a one-week high on Thursday after its best day this month against its major counterparts after minutes of the Federal Reserve’s latest meeting revealed some officials were prepared to raise interest rates. The New Zealand dollar continued to rise…
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Rising Benefits and Tax Cuts Push UK Borrowing to Three-Year High
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UK government borrowing rose to £20.5 billion in April, its highest level in three years. This increase was driven by a growing benefits bill and a decline in tax revenues following reductions in National Insurance contributions. Official figures from the Office for National Statistics (ONS) revealed that borrowing exceeded both…
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ForexLive Asia-Pacific FX news wrap: Gold hit a record high, silver and copper surged also
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Speakers at the Fed on Monday included Bostic, Barr, Waller and Jefferson Iranian official media confirmed that there were no survivors from the helicopter crash The Saudi Crown Prince postpones his visit to Japan ICYMI – China’s benchmark lending rates remained steady: 1-year loan coverage ratio at 3.45% and 5-year…