Category: Spending
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Bitcoin LTHs Start Taking Profits – Metrics Reveal Whales Are Actively Spending
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This article is also available in Spanish. Bitcoin has reached all-time highs for four straight days, reaching $99,500 just hours ago. The ongoing rally has fueled intense bullish sentiment in the market, with investors eagerly anticipating Bitcoin’s historic breakout at the $100,000 mark. However, on-chain data suggests that the rally…
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Nvidia stock rises on AI spending, chip deal ahead of earnings
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Nvidia (NVDA) stock rose more than 4% on Tuesday following bullish remarks from Wall Street analysts who pointed to strong demand for chips ahead of its earnings report scheduled Wednesday afternoon. In a client note this week, Stifel analyst Robin Roy raised his price target on Nvidia to $180 from…
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Fed’s Target in Sight as Inflation Cools, Spending Holds Strong
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The latest Bureau of Economic Analysis (BEA) data gave us a mixed reading on consumer prices for September. Energy, food and commodity prices fell, pushing headline inflation closer to the Fed’s 2% target. but Services inflation remains highWhich suggests that the Fed may be leaning toward keeping interest rates high…
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IMF urges Rachel Reeves to raise taxes and rein in spending to stabilise UK public finances
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The International Monetary Fund has called on Chancellor Rachel Reeves to introduce tax rises and tighten government spending in the next budget, warning that delaying such measures could worsen the UK’s fiscal problems. In a previously released section of the *Comptroller* report, the Washington-based organization highlighted the UK and US…
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Rob McElhenney backs U.K. company after vintage Wrexham shirt spending spree
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When TV star Rob McIlhenney gambled on Welsh minor league football team Wrexham AFC in 2020 with fellow actor Ryan Reynolds, the self-confessed football newbie wanted to look like it. What better way than to find a replica t-shirt from the 1970s worn by the ‘Wrexham Lager’ sponsor? McElhenney first…
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Japan’s new PM supports higher corporate taxes, more defense spending
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Shigeru Ishiba, who became Japan’s new prime minister on Tuesday, is a former defense minister known for his deep knowledge of security policy. Ishiba’s push to bolster the military and call for the creation of an Asian NATO may anger Beijing, but he is cautious in his words regarding China.…
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S&P, Dow open higher after fresh inflation, consumer spending data By Investing.com
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Investing.com – U.S. stocks opened mostly higher on Friday after a batch of new economic data showed that the Federal Reserve’s preferred measure of inflation had slowed near its 2% target and that consumer spending growth was broadly flat. By 09:39 ET (13:39 GMT), the index had added 8 points,…
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US holiday spending on buy now, pay later to hit record due to debt-laden shoppers By Reuters
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Written by Ariana McLemore NEW YORK (Reuters) – U.S. shoppers are expected to spend a record $18.5 billion using third-party buy-now, pay-later services on holiday purchases in the fourth quarter, according to a forecast released by data firm Adobe Analytics on Wednesday. With many Americans in debt recently, spending on…
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Japan data – July household spending +0.1% y/y (expected +1.2%)
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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U.S. Core PCE Prices Held Steady in July as Consumer Spending Rises
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The latest US economic data suggests that inflation will remain stable in July 2024, while consumer spending will increase, according to figures released today by the Bureau of Economic Analysis (BEA). The core personal consumption expenditures (PCE) price index, a key inflation gauge closely watched by the Federal Reserve, rose…
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U.S. Q2 2024 GDP Revised Higher Thanks to Stronger Consumer Spending
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The second edition of the US GDP reading has been upgraded to show: Faster expansion of 3.0% in Q2 2024 This is up from the initial figure of 2.8%. This also reflects a significant acceleration in economic growth compared to the first quarter of 2024 GDP of 1.4%. The positive…
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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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‘Big Crypto’ dominates US election spending and exploits consumers, report finds
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Crypto companies have become the dominant force in federal election spending, spending more than $119 million to influence the outcome of the U.S. election. According to a report by According to the nonprofit Public Citizen, nearly half of all corporate money contributed to the US election this year came from…
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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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Strong Consumer Spending And Private Inventories Boosted U.S. GDP in Q2
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The preliminary estimate of US GDP for the second quarter of 2024 showed Economy grows by 2.8%This is much faster than the expected 2.5% increase and almost double the downwardly revised 1.4% growth in the previous quarter! The Ministry of Commerce explained that the acceleration in growth from the first…
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Political storms won’t curb military spending boom, defence firms say By Reuters
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By Joe Brock and Joanna Ploczynska FARNBOROUGH, England (Reuters) – Defence companies are confident that Western governments will continue to boost arms spending to counter Russia and China, shrugging off concerns that political turmoil in the United States and Europe could curb military budgets. Global defence spending hit a record…
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Gen Z is embracing ‘underconsumptioncore’ to limit spending and alleviate anxiety
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Finally, it’s cool to still be wearing the clothes you bought in middle school and showing off your tiny apartment with no art on the walls. Don’t call it bankruptcy, Gen Z says; call it “underconsumption“.” The viral hashtag on TikTok is full of young people bragging about the ways…