Category: Markets
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Rupee Revolution? India’s UPI Eyes International Expansion
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Let us forget the fading dream of a cashless society – a cashless society seems equally unlikely. But for India, the way tea, or any other good or service, is paid for is undergoing a digital revolution. The Unified Payments Interface (UPI), a mobile app-based system, has become the preferred…
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Dollar surge unlikely to mark end of recent weakness ahead of Fed decision: MUFG By Investing.com
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Investing.com — It jumped on Friday to a weekly win, as a strong jobs report cooled bets on a Fed rate cut in September, but that is unlikely to mark a major reversal in the dollar’s bumpy ride lower unless it signals… The Fed points out that it is not.…
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Forexlive Americas FX news wrap 7 Jun”: US adds 272K new jobs but unemployment rate rises
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The US jobs report came out stronger, but again there were some ambiguous/less strong elements. Nonfarm Payrolls rose 272K versus estimates of 185K. Private salaries increased by 229,000 compared to 170,000 according to estimates Average hourly earnings increased by 0.4% versus 0.3% expected Average year-over-year earnings increased by 4.1% versus…
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Sandy Hook families agree to Alex Jones’ bankruptcy liquidation By Reuters
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Written by Dietrich Knuth NEW YORK (Reuters) – Families of Sandy Hook massacre victims declared victory in Alex Jones’ bankruptcy case on Friday, accepting the conspiracy theorist’s proposal to sell his assets, including InfoWars, to pay part of their legal judgments over his lies about the events of 2012. Shooting…
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InvoiceCloud Report Unveils Path to Universal Online Bill Pay
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For decades, the bill collector has been a familiar, if unwelcome, figure in American life. Armed with a tough demeanor and a stack of paper bills, they were a constant reminder of looming financial obligations. The advent of online bill payment has promised to relegate the harbinger of late fees…
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With the Bank of Canada, ECB and jobs in the rear view mirror, the Fed is ahead
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This week, the Bank of Canada and the European Central Bank cut interest rates by 25 basis points each. For each, the initial cut was by the central bank. The Bank of Canada announced its interest rate decision on Wednesday. The central bank has reduced what is seen as restrictive…
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Visa and Mastercard Face Fresh Trouble in the UK as Tribunal Greenlights Merchant Lawsuits
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Tesla objects to $5.6 billion payout for lawyers who voided Musk’s pay By Reuters
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Written by Tom Hales WILMINGTON, Delaware (Reuters) – The Wilmington electric car maker (NASDAQ:) said the legal team that invalidated Tesla Inc’s (NASDAQ:) record pay package is entitled to a small portion of the $5.6 billion legal fees they sought because their lawsuit It provided almost no benefit to the…
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Monex Introduces Credit Card Payment Option for Mutual Funds
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Putin suggests moving some major company headquarters outside Moscow By Reuters
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ST PETERSBURG (Reuters) – Russian President Vladimir Putin said on Friday that the idea of moving the headquarters of major companies to regions outside Moscow deserves attention and called for improving vocational education to help ease the labor shortage. Putin set out a set of ambitions for Russia’s $2 trillion…
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3 Simple Reminders To Help Keep Your Composure While Trading
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To become consistently profitable, it helps to stay rational and emotionally detached. Many novice traders ride an emotional rollercoaster, feeling on top of the world after a win, but falling back after a loss. Meanwhile, professional traders remain calm and relaxed even after a series of losses. They don’t let…
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Locked and loaded for the US and Canada jobs report
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The US and Canadian jobs report will be released at the end of the hour. What to expect for May in the United States? Nonfarm Payrolls Estimates 185k (vs. 175k) Private payroll, 170,000 vs. 167,000 last month. Manufacturing payrolls, 5k vs 8k last month The unemployment rate is 3.9% compared…
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Meme stock world waits with bated breath as ‘Roaring Kitty’ teases livestream By Reuters
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Written by David Randall NEW YORK (Reuters) – Meme stock traders will be glued to their screens on Friday, when Keith Gill, the online influencer and key figure behind the stunning rise in GameStop (NYSE:) shares in 2021, hosts his own conference. First live broadcast on YouTube in three years.…
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iSAM Securities Enhances Risk Management with Real-Time Dashboard
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Dollar flat ahead of key payrolls report; euro steady after ECB cut By Investing.com
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Investing.com – The US dollar traded largely unchanged in early European trade on Friday, as traders awaited the release of key US employment data, while the euro stabilized after a historic interest rate cut by the European Central Bank. At 05:00 EST (09:00 GMT), the dollar index, which tracks the…
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Daily Broad Market Recap – June 6, 2024
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It was a bullish and adverse day for the US dollar, as it erased intraday gains while traders braced for a potential loss in non-farm payrolls. The ECB’s monetary policy decision also took the spotlight when it surprised the central bank with a “tight easing” and spurred rapid gains for…
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CFPB Rule Shakes Up Banks: Open Banking Ushers in an Era of Transparency
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Buckle up, because the financial sector is about to be swept up in a wave of transparency. For many years, consumer data remained boxed in a fenced garden, with traditional banks acting as gatekeepers. Access was tightly controlled, distributed in drops and shuffles. The CFPB’s move dismantles those walls, giving…
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Asia FX muted, dollar nurses weekly losses with nonfarm payrolls in focus By Investing.com
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Investing.com — Most Asian currencies moved little on Friday in anticipation of key U.S. jobs data due later in the day, although rising expectations for interest rate cuts had the dollar heading toward a weekly loss. Sentiment towards risk-driven assets improved this week following interest rate cuts from . But…
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ECB Lowered Interest Rates by 0.25% as Expected in “Hawkish Cut”
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As expected, the European Central Bank cut interest rates by 25 basis points, but surprisingly dampened the prospects for further easing soon. Policy makers had a near unanimous vote to cut the deposit rate to 3.75% and the key refinancing rate to 4.25% as one dissenter (Holtzmann) wanted to keep…