Category: hit
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Stocks Rally Stalls as Consumer Sentiment Hit: Markets Wrap
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(Bloomberg) — U.S. stocks fell after consumer confidence unexpectedly fell to a three-year low, while bonds came under pressure ahead of a Treasury auction on Tuesday. Most Read from Bloomberg The S&P 500 fell 0.2% — the benchmark stock index had a record close in the previous session. The Nasdaq…
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China’s youth unemployment rate hit a fresh high in the latest data
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Investors are betting on Wizz Air taking a bigger hit than its rivals amid price wars, debt and engine issues
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With travel expectations weakening as consumers hold back on spending, sellers are betting that one budget airline will fare worse than its European peers. The shares offered for trading, which indicate short interest, represent 13% of Wizz Air Holdings Plc’s shares available for trading, according to the latest data from…
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Dollar bounces off lows; euro hit by weak PMI data By Investing.com
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The U.S. dollar rose on Monday, pulling away from a one-year low hit last week, while disappointing economic activity data weighed on the euro. At 04:15 ET (08:15 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.5% at 100.925, just above…
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Asian stocks rise; China up on repo rate cut, Australia hit by retailer losses By Investing.com
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Most Asian shares rose slightly on Monday amid continued optimism over lower interest rates, while Australian markets lagged as major retail stocks fell sharply in the face of an antitrust lawsuit. Chinese markets rose after the People’s Bank of China cut its short-term lending rate, although overall gains were limited.…
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SK Hynix hit by double downgrade; ADI named Top Semis Pick By Investing.com
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Investing.com – Here are analysts’ biggest moves in artificial intelligence (AI) this week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! William Blair Begins Coverage of ARM and AVGO at Buy During the week, William Blair analysts began covering arm Aramex Holdings (NASDAQ:) has been…
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Solana Active Addresses Hit 75 Million As SOL Breaches $140
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This article is also available in Spanish. Solana (SOL) has hit another record: today, it has over 75 million monthly active addresses. This surge indicates the network’s growing popularity, especially in areas such as developer and user activity within the dApps, DeFi, and NFT sectors. Related reading With this increase…
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Solana Active Addresses Hit 75 Million As SOL Breaches $140
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This article is also available in Spanish. Solana (SOL) has hit another record: today, it has over 75 million monthly active addresses. This surge indicates the network’s growing popularity, especially in areas such as developer and user activity within the dApps, DeFi, and NFT sectors. Related reading With this increase…
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London’s high-end property market cools on worries about tax hit By Reuters
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LONDON (Reuters) – Demand for London’s most expensive homes slowed last month as high earners worried about the prospect of tax rises from Britain’s new centre-left government, a property data company said on Tuesday. Lonres said property sales in prime central locations in the capital were down 7.5% compared to…
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London’s high-end property market cools on worries about tax hit By Reuters
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LONDON (Reuters) – Demand for London’s most expensive homes slowed last month as high earners worried about the prospect of tax rises from Britain’s new centre-left government, a property data company said on Tuesday. Lonres said property sales in prime central locations in the capital were down 7.5% compared to…
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Base Blockchain active addresses, transactions hit all-time high
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The Base Blockchain, the layer 2 network launched by Coinbase in 2023, is doing well as the “crypto winter” continues. Nansen Data shows that the network’s user base is growing and outpacing many blockchains such as Avalanche (AVAX), Polygon (POL), and Cronos (CRO). The number of active addresses rose to…
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World’s top miners set for hit from sharp slump in industrial activity, Deutsche Bank says
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Dazman/E+ via Getty Images The largest global mining companies are: Expected to suffer from lower metal prices Analysts at Deutsche Bank said this week that the decline in crude oil prices has slowed demand for copper, nickel and iron ore due to a sharp slowdown in industrial activity in China,…
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Warren Buffett’s $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low
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Occidental Petroleum shares have fallen 29% since mid-April, weighing on Warren Buffett’s stake in the company. This decline is in line with a 23% drop in crude oil prices due to concerns about demand and excess supply. Berkshire Hathaway’s $13 billion stake in Occidental Petroleum may be underwater, according to…
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Factbox-US Gulf Coast energy facilities hit by storm Francine By Reuters
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(Reuters) – Energy facilities on the U.S. Gulf Coast were assessing damage on Thursday from Hurricane Francine, which tore through offshore oil production areas and hit the Louisiana coast on Wednesday. Hurricane Francine brought heavy rains and gusty winds to Louisiana, Mississippi and Alabama, causing widespread power outages and impacting…
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HMRC dismissals for gross misconduct hit five-year high as 179 civil servants sacked
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HMRC sacked 179 staff for serious misconduct in 2024, the highest number in at least five years, according to data obtained through a Freedom of Information request. This represents a 43% increase compared to 2020 when 125 employees were dismissed for similar reasons, accounting for just 28% of all dismissals…
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Mexico’s commercial vehicle sales expected to hit record in 2024 By Reuters
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MEXICO CITY (Reuters) – Sales of commercial vehicles in Mexico could hit a record high this year, the Mexican automobile distributors’ association said on Wednesday. Why is this important? Mexico exported $593 billion worth of goods in 2023, most of which was transported overland using trucks or trailers. The flow…
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Stocks won’t hit new highs anytime soon and 3 things mean the market is fairly valued, Wells Fargo says
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Ian Ross Pettigrew/Getty, Tyler Lee/PA The S&P 500 is unlikely to hit new highs anytime soon, according to Wells Fargo. Strategists said a combination of headwinds could prevent further gains. The bank pointed to concerns surrounding a potential recession, artificial intelligence, and geopolitical uncertainty. Wells Fargo said the stock market’s…
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SEC Fines Hit $4.68 Billion In Aggressive Regulatory Push
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The US Securities and Exchange Commission is making headlines after a report revealed that it has carried out an unprecedented crackdown on the cryptocurrency industry: Fines it imposed on cryptocurrency companies jumped to a record $4.68 billion in 2024, up 3,018% from the previous year. Much of the rise comes…
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Israel’s forex reserves hit record high in August
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The increase was mainly due to a revaluation process that increased reserves by about $4.243 billion, the Bank of Israel reported. Israel’s foreign exchange reserves at the end of August 2024 reached an all-time high of $217.377 billion, an increase of $3.743 billion over their level at the end of…
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Crypto Analyst Predicts SHIB To Hit $0.00014 & Mpeppe (MPEPE) To $0.20, Here’s Why Shiba Inu Hype Is Forming
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This article is also available in Spanish. As the crypto market continues to buzz with anticipation, analysts are making bold predictions for both Shiba Inu (SHIB) and the rising star Mbebe (Mbebe)With Shiba Inu gaining community-driven momentum and Mpeppe (MPEPE) making waves in the memecoin space, investors are eager to…