Category: shifts
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M&S shifts up a gear with sewage-powered lorries to slash emissions
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Marks & Spencer has accelerated its drive towards net zero by introducing a fleet of trucks powered by biomethane, a gas derived from waste such as food, animal manure and sewage. The retailer expects biomethane-powered vehicles to help cut emissions by up to 85% compared to diesel, with significant cost…
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Bitcoin Surges Past $100,000 Once Again Amid Shifts In Regulatory Landscape
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Ronaldo is an experienced cryptocurrency enthusiast dedicated to the emerging and ever-evolving industry. With over five years of intense research and unwavering dedication, he has developed a deep interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which quickly turned into a deep passion to…
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Land Rover and Range Rover hybrid sales surge as EV uncertainty shifts buyer focus
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Amid ongoing uncertainty over electric vehicle (EV) adoption timelines, demand for Land Rover and Range Rover plug-in hybrid vehicles (PHEVs) has soared. Jaguar Land Rover (JLR), the West Midlands-based Indian-owned automotive group, has announced a 29% increase in global sales of its plug-in hybrid electric vehicle (PHEV) models for the…
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Land Rover and Range Rover hybrid sales surge as EV uncertainty shifts buyer focus
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Amid ongoing uncertainty over electric vehicle (EV) adoption timelines, demand for Land Rover and Range Rover plug-in hybrid vehicles (PHEVs) has soared. Jaguar Land Rover (JLR), the West Midlands-based Indian-owned automotive group, has announced a 29% increase in global sales of its plug-in hybrid electric vehicle (PHEV) models for the…
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Bitcoin Bears Lose Control As BTC Net-Taker Volume Shifts Positive
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This article is also available in Spanish. Bitcoin has seen an impressive rally since early September, rising 31% from local lows of around $53,000. However, after testing the $69,500 supply level, the cryptocurrency is facing selling pressure. Despite this, Bitcoin remains strong, holding above the previous high of around $66,000,…
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US bank profits to shrink on interest income, focus shifts to Fed cuts By Reuters
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Written by Nupur Anand NEW YORK (Reuters) – JPMorgan Chase and Wells Fargo began reporting sector earnings on Friday, with investors expected to focus on the big banks’ net interest income forecasts after strong jobs data fueled uncertainty about the future path of the federal funds rate. Sale. Both banks…
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Analysis-Dollar bears eye shifts in global yields, growth to play further weakness By Reuters
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Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders gauging how to play with further declines in the U.S. dollar are looking to the relative strength of economies around the world, as interest rate shifts from global central banks rattle currency markets. The index fell 4.8% against a basket…
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ChatGPT inventor set to receive $10bn as OpenAI shifts from non-profit status
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Sam Altman, founder of OpenAI, which makes ChatGPT, is poised to secure more than $10bn (£7.5bn) as the company prepares to abandon its long-standing non-profit status. OpenAI is considering giving Altman a 7% stake as it raises money at a valuation of about $150 billion. The move would make Altman’s…
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Canada Moves Away From Retail CBDC, Shifts Focus To Broader Payments
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In a major shift, Canada’s central bank, the Bank of Canada, has decided to Advertise The Canadian government has announced that it is scaling back its work on a retail central bank digital currency (CBDC) and shifting its focus to broader payments systems research and policy development. The decision comes…
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Canada Moves Away From Retail CBDC, Shifts Focus To Broader Payments
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In a major shift, Canada’s central bank, the Bank of Canada, has decided to Advertise The Canadian government has announced that it is scaling back its work on a retail central bank digital currency (CBDC) and shifting its focus to broader payments systems research and policy development. The decision comes…
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CBA shifts expected RBA rate cut timing to December 2024 (from November)
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The Commonwealth Bank of Australia has decided to postpone the expected date of the Reserve Bank of Australia’s first interest rate cut from November 2024 to December 2024. Expect a 25 basis point cut. The recent strength in employment growth coupled with relatively hawkish rhetoric from the RBA Governor means…
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UBS shifts to bearish US dollar view, sees potential GBP strength By Investing.com
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UBS advised investors to sell any potential short-term gains in the US dollar and adopt a more bearish stance on the currency in the medium term. The bank expects a possible corrective recovery in September, especially if the Fed’s reluctance to implement more than 25 basis points of interest rate…
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UBS shifts to bearish US dollar view, sees potential GBP strength By Investing.com
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UBS advised investors to sell any potential short-term gains in the US dollar and adopt a more bearish stance on the currency in the medium term. The bank expects a possible corrective recovery in September, especially if the Fed’s reluctance to implement more than 25 basis points of interest rate…
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Occidental stock hits 52-week low at $55.04 amid market shifts By Investing.com
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Occidental Petroleum Corporation (NYSE:) shares touched a 52-week low, falling to $55.04, as investors navigate the complex energy market landscape. The drop represents a significant turnaround from the company’s performance over the past year, when Occidental’s stock saw a one-year change of -16.71%. The decline reflects broader industry trends and…
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US futures edge higher as focus shifts to job market By Investing.com
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U.S. stock futures opened modestly higher by 0.1%, while the greenback rose by 0.3%. The yield on U.S. Treasury bonds remained relatively unchanged, as did the . Meanwhile, the yield on the 10-year U.S. Treasury note was at 3.903% at 18:05 ET (22:05 GMT). Focus shifts to the labor market…
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Market maneuvers: Notable shifts in tech and energy sectors today
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Stock heat map from FinViz.com on Monday, August 19, 2024 13:46:10 GMT introduction Today’s stock market presents a mixed picture with notable moves across the technology and energy sectors, along with subtle shifts in consumer cyclical stocks. As we delve into the heat map, let’s explore these trends, decode sector…
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Pantera Capital praises Solana as Ethereum’s dominance shifts to ‘multi-polar model’
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Cryptocurrency venture firm Pantera Capital says Ethereum is losing ground as Solana becomes a “major contender for the future of blockchain development.” Pantera Capital, a crypto venture capital firm with billions in assets under management and looking to buy millions worth of SOL from bankrupt FTX exchange, appears to be…
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Pantera Capital praises Solana as Ethereum’s dominance shifts to ‘multi-polar model’
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Cryptocurrency venture firm Pantera Capital says Ethereum is losing ground as Solana becomes a “major contender for the future of blockchain development.” Pantera Capital, a crypto venture capital firm with billions in assets under management and looking to buy millions worth of SOL from bankrupt FTX exchange, appears to be…
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Canada Shifts to T+1 Settlement Cycle, US to Follow Tomorrow
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Canada has moved to a T+1 settlement cycle for equity and long-term debt market trades. The shift, which is in line with similar regulatory changes in the US, promises to simplify the settlement process and reduce the risks associated with delayed trades. Improving market liquidity The Canadian Securities Administrators (CSA)…