Category: News
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Energy Transfer Stock Will Nearly Double in 5 Years
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Most investors are interested in: energy transfer (NYSE: ET) They are attracted to its height. fruitwhich is currently around 7.9%. The company currently pays a quarterly dividend of $0.32 and is looking to grow that by 3% to 5% annually going forward. That’s attractive in itself, but I also think…
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Nearly half of 2024 corporate election spending comes from crypto firms
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Editorial by N Rotteveel/iStock via Getty Images Updated 5:40 PM ET: Title changed and details added. Crypto companies – primarily Coinbase (NASDAQ: COIN) and Ripple — have pumped more than $119 million into the 2024 U.S. election so far, according to a report from consumer advocacy group Public Citizen. according…
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Job market: more cooling may cause bigger unemployment jumps
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The Federal Reserve Bank of Kansas City’s annual economic symposium, held in Jackson Hole, Wyoming, is coming to a close. Here are some key takeaways from the conference: Powell’s Axis Federal Reserve Chairman Jerome Powell’s widely anticipated speech confirmed expectations of a rate cut at the central bank’s next meeting…
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HMRC recovers £70m in tax crackdown on footballers and agents
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HMRC has recovered almost £70m of unpaid tax from footballers, agents and clubs over the past year as part of a crackdown on tax avoidance schemes in the sport. This initiative has led to investigations being launched into 20 football clubs, 83 players and 21 agents since April 2023. HMRC’s…
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Fed’s Preferred Price Gauge to Reinforce Rate Cuts: Eco Week
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Breadcrumbs Path Links PMN Business Next week’s U.S. inflation figures will reinforce the fact that long-awaited interest rate cuts are coming soon, while a reading on consumer spending suggests the central bank has managed to keep the expansion intact. Article author: Bloomberg News Vince Juul and Andrew Langley Published on…
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Serial entrepreneur Avigdor Willenz founds new chip startup
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Serial entrepreneur and chip investor Avigdor Willens has founded a secret company, in collaboration with his former partners in Havana Labsa new AI chip startup called Touch, which according to the founders’ shared history could lead to a massive exit within a few years. Touch’s founding team includes CEO David…
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Brazil’s Campos Neto says markets perceiving less monetary intervention By Reuters
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By Howard Schneider JACKSON HOLE, Wyoming (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Saturday that recent volatility may show that the market is pricing in less room for fiscal and monetary intervention in the future. Speaking at the Federal Reserve’s annual economic conference in Kansas City,…
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Kamala Harris’s critics are totally wrong about taxing unrealized gains
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Vice President Kamala Harris has reportedly backed a proposal to tax people with assets exceeding $100 million for unrealized capital gains. – CAMIL KRZACINSKI/AFP/Getty Images I’m trying to figure out whether I’ve heard as much nonsense in such a short period of time as I’m hearing now about the Biden-Harris…
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Building, infrastructure stocks among top industrial gainers of week, Dycom sees loser tag
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JulPo/E+ via Getty Images The SPDR Fund ETF Select Industrials (XLI) rose +1.82% For the week ending August 23, the SPDR S&P 500 Trust ETF (SPY) rose $1.2 billion. +1.41%. Powell Industries (Nasdaq: Powell) was the biggest industrial gainer (in the sector) this week, which saw construction stocks rise. Infrastructure…
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9/11-era security measures and climate change put thousands at risk from dams
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Conflicting federal policies may force thousands of residents in flood-prone areas to pay more for flood insurance or fail to recognize the danger posed by levees built over their homes and businesses, according to an Associated Press review of federal records and data. The problem stems from a complex set…
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Joe Sang’s 1am work texts and thrifting weakness
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Jo Sang’s phone keeps ringing. I’m amazed at how powerful the battery is in this modern-day assistant brain, which seems to announce, “I’m a busy man.” There was a time when that wasn’t the case, when he could probably go days without charging his phone. He lost everything before that,…
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London stock market reforms hailed as major draw by Hong Kong’s CK Infrastructure
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Andy Hunter, deputy managing director of CK Infrastructure, the first company to list under the new rules, said the recent reform of London’s listing rules had made the UK stock market more attractive. Hunter praised the reforms as “very welcome,” citing the streamlined process as an important factor in the…
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Ukraine Jittery Over Funding Delays From Frozen Russian Assets
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Breadcrumbs Path Links PMN Business Ukrainian officials are concerned about delays in finalizing a deal that would open the door to $50 billion in support by tapping profits from frozen Russian central bank assets, according to people familiar with the matter. Article author: Bloomberg News Darina Krasnolotska, Alberto Nardelli and…
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Maytronics slumps further as guidance cut, CFO leaving
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Israeli company to manufacture swimming pool cleaning robots Maytornix Co., Ltd. (level:MTRN) continues to disappoint investors on the Tel Aviv Stock Exchange (TASE) by reporting another quarter of disappointing results, and cutting guidance for the second straight quarter. As a result, the company’s share price is currently down 20%, giving…
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Russia, Ukraine set to swap 115 prisoners each, UAE official says By Reuters
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By Alexander Cornwell DUBAI (Reuters) – Russia and Ukraine are set to swap 115 prisoners each on Saturday after negotiations brokered by the United Arab Emirates, a UAE official said, in the first prisoner swap since Ukraine launched its offensive inside Russia this month. The Emirati official spoke on condition…
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On Aug. 28, This Figure From Nvidia Will Confirm an Artificial Intelligence (AI) Bubble That’s in the Early Stages of Bursting
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Since the start of 2023, no trend has been more responsible for pushing Wall Street’s major stock indexes to new highs than the rally in artificial intelligence. The appeal of AI lies in the long-term ability of software and systems to learn without human intervention. This gives AI-powered software and…
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S&P 500 gains 1.4% in weekly rise, with fuel from the Fed greenlighting rate cuts
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The Standard & Poor’s 500 Index (SP500) rose 1.44% on Friday for the week to close at 5,634.61 points, gaining in three of the last five sessions. The accompanying SPDR S&P 500 ETF Trust (New York: Spy) rose by 1.41% during the week. Wall Street Reference index (sb 500The index…
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71-year-old billionaire Sir Jim Ratcliffe is in a race to secure his legacy
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Sir Jim Ratcliffe likes to keep busy. As reward for working seven days a week at his €40 billion ($52 billion) petrochemicals empire Ineos, the British billionaire treats himself to a range of side projects, from owning a London pub and a football club to embarking on property projects in…
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I earn Sh1,500 daily. How can I budget so that I can save for my own matatu?
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I am a public service vehicle driver living in Eldoret. I earn 1500 shillings daily, which is 39000 shillings monthly. I get paid daily. I have a wife and three children. Two of my children are in government primary school (grade 5 and 3) while the last born is starting…