Category: Sinks
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Ruto’s spending on development projects sinks to new low
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Data showed that development project financing as a share of total state spending fell to single digits for the first time in more than a decade, reflecting the impact of rising debt servicing costs. Official data from the National Treasury shows that government ministries, departments and agencies spent Sh315.06 billion…
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Nvidia sinks despite possible catalyst from SIGGRAPH
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David Baker/Getty Images News Nvidia (NASDAQ: NVDA) decreased by 6% By midday trading Tuesday, despite product announcements, partnerships, and expanded capabilities for generative AI unveiled this week at SIGGRAPH 2024. Nvidia is now down about 20% Since July 10. The stock is hovering above Its 100-day moving average is $103.66.…
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The euro sinks toward 1.0800 after failing to crack 1.0870
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EUR/USD 30 minutes The euro is hovering near its lowest level since July 8 as the US dollar gains broadly. It’s hard to say what’s driving the moves at the moment, but stronger U.S. GDP numbers on Thursday and higher PCE inflation on Friday are tailwinds for the dollar. However,…
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Asia FX flat as dollar steadies on Powell comments; Kiwi sinks on dovish RBNZ By Investing.com
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Most Asian currencies moved in a flat-to-low range on Wednesday as the dollar found some strength after Federal Reserve Chairman Jerome Powell offered no direct signals on interest rate cuts. The New Zealand dollar was the worst performer of the day after the Reserve Bank of New Zealand struck a…
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Trump’s media company stock sinks in the wake of fraud verdict
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Shares of Trump Media and Technology Group, which owns the social networking site Social truthStock prices fell on Thursday following the conviction of former President Donald Trump in his hush money trial. New York jury Trump was found guilty Charged with falsifying business records in a scheme to illegally influence…