Category: post
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US Stock Futures Post Modest Gains After PCE Data: Markets Wrap
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(Bloomberg) — U.S. futures rose slightly after long-awaited economic data highlighted a slowing economy and boosted bets on further interest rate cuts by the Federal Reserve. Most read from Bloomberg Contracts on the S&P 500 rose 0.1% after the underlying index reached its 42nd highest closing level this year. The…
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Non-tax revenue from parastatals post biggest increase on mop-up
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New data from the National Treasury showed that the money the government generates from non-tax sources such as service charges, as well as absorbing surplus funds from parastatals, more than quadrupled in the first two months of the year. The Treasury said in its monthly disclosures that non-tax revenue for…
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US Basketball Star’s Bullish Bitcoin Post Thrills Crypto Community
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Six-time NBA champion Scottie Pippen is making headlines again, this time for his bullishness on Bitcoin. On Wednesday, the Chicago Bulls star spoke to his 674,400+ followers (formerly Twitter) and said: “Optimistic about Bitcoin” With the hashtag #BeLikeSatoshi. Since then, it has become a hot topic of discussion among its…
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White House officials signal delay in U.S. Steel takeover decision, Washington Post reports By Reuters
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(Reuters) – White House officials have signaled a delay in making a decision on Japan’s Nippon Steel Corp.’s acquisition of U.S. Steel, the Washington Post reported on Friday. The Committee on Foreign Investment in the United States, Nippon and U.S. Steel declined to comment. The White House did not immediately…
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Bending Spoons to lay off 75% of WeTransfer staff post deal, CEO says By Reuters
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Italian app developer Bending Spoons will lay off 75% of its staff at file-sharing platform WeTransfer, Luca Ferrari, CEO of the company, said in a statement on Sunday. “I will not be more specific at this stage as the period of redundancies has not yet been fully defined,” Ferrari said…
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Israel Post Q2 profit down as war depresses business
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The Israel Postal Company’s financial statements for the second quarter show a rise in revenues, but a sharp decline in net profit. These are probably the last financial statements published by the Israel Postal Company, which continues to operate under the authority of state companies, as its privatization and sale…
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Post Nashville Event Recap – A Bitcoin VC Perspective The Good, The Bad, and the Bullish
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Macro – Crossing the Rubicon 1. Donald J. Trump and the point of no return. 3 words, “Strategic Bitcoin Stockpile”. It was theorized by many Bitcoiners for years, some would even say dreamed of, and it happened just last week. Fair to say that Bitcoin has indeed crossed some sort…
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Toyota to post rise in Q1 profit on hybrid demand, but momentum may be slowing By Reuters
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By Daniel Leussink TOKYO (Reuters) – Demand for hybrid vehicles is likely to drive another quarter of double-digit growth for Japan’s economy. Toyota Motor Co. (NYSE:) is expected to report a net profit when it reports earnings on Thursday, although it is expected to show signs of slowing after a…
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NPC token gains 32% following Elon Musk post
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A seemingly innocuous post by X owner Elon Musk has helped push the price of the little-known non-playable coin (NPC) by over 32%. On July 20, Musk posted a video of popular reporter and influencer Mario Novell on his X account. In the video, Novell engages in a discussion about…
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S&P 500, Nasdaq post sharpest weekly losses since April amid tech rout
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U.S. stocks fell on Friday as more details emerged about a global IT outage and major averages failed to recover from a selloff that saw the Dow Jones snap a winning streak. The S&P 500 (^GSPC) fell 0.7%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.8%. Both the Nasdaq and…
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S&P 500, Nasdaq post sharpest weekly losses since April amid tech rout
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U.S. stocks fell on Friday as more details emerged about a global IT outage and major averages failed to recover from a selloff that saw the Dow Jones snap a winning streak. The S&P 500 (^GSPC) fell 0.7%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.8%. Both the Nasdaq and…
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Stock Market News Today: Markets post worst week since mid-April (SP500)
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Wall Street on Friday posted its worst week since mid-April, as the exodus from technology stocks continued over the past few days, sparked by Thursday’s consumer inflation report. The technology-heavy Nasdaq Composite Index (Compound: Indian) I recorded the first three days A losing streak since June 24, Decrease by 0.81%…
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Washington Post: Biden needs to seriously consider his viabilty
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It is noteworthy that the Washington Post says that former President Barack Obama told his allies that Biden needs to think seriously about his ability to survive. The article adds that Biden’s path to victory has shrunk dramatically. That feeling hasn’t been unusual lately. Biden even opened the door, saying…
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Washington Post: Biden needs to seriously consider his viabilty
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It is noteworthy that the Washington Post says that former President Barack Obama told his allies that Biden needs to think seriously about his ability to survive. The article adds that Biden’s path to victory has shrunk dramatically. That feeling hasn’t been unusual lately. Biden even opened the door, saying…
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UBS maintains EUR/USD longer-term target at 1.0500 post French election By Investing.com
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UBS kept its long-term target for the exchange rate at 1.0500, following the French parliamentary elections, citing weakness in the far-right National Rally party and a strong showing by President Emmanuel Macron’s centrist party. Despite the uncertainty surrounding the formation and composition of the new French government, UBS highlighted that…
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Ripple CEO Slams SEC! Will XRP Surge Post U.S. Elections?
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The crypto world has been filled with recent developments surrounding ripplethe fintech company behind the XRP cryptocurrency. At the center of the discussion is Ripple CEO Brad Garlinghouse, who has taken a bold stance in criticizing the U.S. Securities and Exchange Commission (SEC) and its chairman, SEC Chairman Gary Gensler.…
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Biden campaign says its polling shows post debate net favorability is 20% > than Trumps
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Biden’s campaign says: There is growing concern after the discussion, but no radical shift in the race’s position. Its internal data and public opinion polls show the race is still within the margin of error in key swing states. Polls showed Biden’s popularity after the debate was about 20 percentage…
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Shares post patchy performance ahead of Powell testimony By Reuters
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(Repeated to add title tag, no change to story content) By Tom Wilson LONDON (Reuters) – Stock markets were mixed on Tuesday as investors waited to see whether U.S. Federal Reserve Chairman Jerome Powell would support an interest rate cut after evidence emerged of a slowdown in the U.S. labor…