Category: Markets
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Brookfield Corporation reports strong Q1 financials By Investing.com
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Brookfield Corporation (ticker: BAM), a leading global alternative asset manager, has reported robust financial results for the first quarter of 2024. The company’s distributable earnings before realizations reached $1 billion for the quarter, marking a 10% increase from the previous year. A significant milestone was achieved through the acquisition of…
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SEC Chief Gary Gensler Slams Crypto over Inadequate Disclosures
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SEC Chairman Gary Gensler criticized the cryptocurrency sector for not providing adequate disclosure to investors compared to the traditional financial sphere. In an interview with CNBC, Gensler said that most cryptocurrencies are considered securities and must comply with relevant laws. Gensler’s comments came just days after Robinhood’s cryptocurrency arm received…
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BOJ will scrutinise weak yen in guiding monetary policy, says Governor Ueda By Reuters
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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some or all of your investment amount, and may not be suitable for all investors. Cryptocurrency prices are highly volatile and may be affected by external factors such as financial, regulatory or political events.…
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More from Daly: Can’t count on productivity to save the US from inflation
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Fed policy is restrained but it may take some time to bring down inflation Recent comments by Daly (et al.) might say: “We have no idea what’s going on, we’re just monitoring the data like the rest of you.” There is a huge amount of money to be made who…
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Editas Medicine outlines strategic pillars for 2024 By Investing.com
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Editas Medicine (NASDAQ:) has reported significant strides in its first quarter of 2024, focusing on delivering innovative treatments for genetic diseases. The company emphasized its strategy, which includes advancing its gene editing therapy reni-cel towards commercialization, developing an in vivo editing pipeline, and enhancing business development to monetize intellectual property.…
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Pay by Bank’s Revolution in Online Payments
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For many years, credit cards have dominated the world of online commerce. Transactions flowed through a well-oiled machine: merchants, card networks like Visa and MasterCard, and issuing banks played their part, each taking a slice of the pie. These fees have made online payments a hidden source of profit, adding…
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UBS looks to history for USD/JPY guide By Investing.com
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Investing.com – The yen is struggling to hold on to any gains against the US dollar, even after official intervention last week, but UBS still sees potential for the pair to decline in the medium term. At 10:30 EST (14:30 GMT), USD/JPY was trading 0.1% higher at 155.64 yen, just…
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EURUSD runs higher. USD move to the downside continues
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EUR/USD rises as the dollar is sold. Above 100 hours MA. The US dollar is under increasing pressure. Initial jobless claims in the US were weaker and began to decline. For EURUSD, it is moving above the technical zone defined by the swing zone between 1.0752 and 1.0756 (see chart…
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Azuro and Chiliz Working Together to Boost Adoption of Onchain Sport Prediction Markets
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(Press release – Lisbon, Portugal, May 9, 2024) Azzurrothe leading liquidity layer for onchain predictions, and Chili pepper, the world’s leading sports and entertainment blockchain company, is collaborating to accelerate the adoption of on-chain sports prediction markets. These efforts will allow millions of fans around the world to further support…
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Bain Capital invests $250 million in business services firm Sikich By Reuters
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Written by David French (Reuters) – Bain Capital said on Thursday it is taking a $250 million minority stake in business services company Sikich, which plans to use the investment to fund its expansion plans. The private equity firm is the first outside investor in Chicago-based Sikich, which was founded…
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Dollar edges higher, helped by hawkish Fed speakers ; Sterling slips ahead of BOE By Investing.com
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Investing.com – The US dollar rose on Thursday, trading in a narrow range ahead of important US inflation data next week, while the pound fell ahead of the Bank of England’s policy meeting. At 04:35 EDT (08:35 GMT), the dollar index, which tracks the greenback against a basket of six…
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A look at the BOE rates pricing ahead of the policy decision later
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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ZoomInfo Q1 2024 results show stable growth amid SMB challenges By Investing.com
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ZoomInfo Technologies Inc. (ZI) has announced its financial results for the first quarter of 2024, revealing a revenue of $310 million—a 3% year-over-year increase. The company’s adjusted operating income reached $119 million, maintaining a solid margin of 39%. Despite facing difficulties in the small and medium-sized business (SMB) sector, ZoomInfo…
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Tools for Brokers and SALVUS Funds Partner to Facilitate Broker Launch
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To simplify and accelerate the process of launching a brokerage business, Tools for Brokers (TFB), an international technology provider serving retail brokers, hedge funds and private trading firms, has teamed up with SALVUS Funds, a prominent advisory firm specializing in licensing and trading. Auditing required. Collaboration simplifies broker operations The…
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Tools for Brokers and SALVUS Funds Partner to Facilitate Broker Launch
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To simplify and accelerate the process of launching a brokerage business, Tools for Brokers (TFB), an international technology provider serving retail brokers, hedge funds and private trading firms, has teamed up with SALVUS Funds, a prominent advisory firm specializing in licensing and trading. Auditing required. Collaboration simplifies broker operations The…
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Dollar firm as US CPI data looms; hawkish BOJ policymakers pause yen slide By Reuters
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Written by Brigid Riley TOKYO (Reuters) – The dollar was mostly steady on Thursday as traders kept their nerve ahead of next week’s U.S. inflation data and what it could portend for Federal Reserve (US central bank) policy, while hawkish views from members of the Bank of Japan helped the…
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FX option expiries for 9 May 10am New York cut
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There are a couple to keep in mind on this day, as shown in wide. The first is the EUR/USD expiry range from 1.0745 to 1.0775. This will likely help prevent the price action from moving too far to the upside during the day. This is in addition to the…
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EM Asia sees capital outflows in April amid rate jitters, M.East tensions- ANZ By Investing.com
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Investing.com — Emerging markets in Asia, excluding China, saw sharp capital outflows in April, ANZ analysts said in a note, as appetite for risk-driven assets was hit by expectations of delayed US interest rate cuts and geopolitical tensions. Asian stocks outside China saw total portfolio outflows of $5.9 billion in…
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Robinhood’s Q1 Crypto Revenue Triples
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Although Robinhood (Nasdaq: HOOD) faces potential regulatory setbacks, its revenue from cryptocurrency trading in the first three months of 2024 jumped 232 percent to $126 million. The increase was driven by virtual cryptocurrency trading volume in the quarter, which reached $36 billion, 224 percent higher. Encryption is king The US…
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Asia FX muted, Japanese yen pauses losses after BOJ warning By Investing.com
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Investing.com — Most Asian currencies moved in a flat-to-low range on Thursday as markets sought more signals on U.S. interest rates from Federal Reserve officials and upcoming inflation data. The Japanese yen saw some resilience, with the pair pausing its recent decline following somewhat hawkish comments from the Bank of…