Category: years
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Former executive risks 40 years in prison after allegedly doling out cash bribes at hotels, airports, and in a parking lot
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Former Vitol oil trader Javier Aguilar faces up to 40 years in prison and will forfeit more than $7.1 million in two U.S. bribery cases after pleading guilty in federal court. Aguilar, 50, had already been convicted in Brooklyn, New York, in February of orchestrating a complex scheme to bribe…
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How investors lost out on 15% of total fund returns over the past 10 years
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“Buy and hold” and “don’t time the market” may be some of the most famous pieces of advice in the investing world, but this common wisdom falls on deaf ears. Want proof? In 2020, panicked investors pulled out half a trillion dollars as the pandemic sent markets into a tailspin,…
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Canada’s July Headline CPI Fell to Its Slowest Pace In Three Years at 2.5%
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As widely expected, most inflation measures in Canada’s July CPI report reflected a slowdown in price pressures during the month. While the headline CPI showed a 0.4% monthly rebound as expected, the annual reading fell from a 2.7% year-on-year increase in June to just 2.5% in July — its lowest…
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Dollar slips lower on rate cut expectations; euro nears this year’s high By Investing.com
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Investing.com – The U.S. dollar fell on Tuesday, approaching a seven-month low amid growing conviction that the Federal Reserve will cut interest rates in September. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.3% at 101.667, trading…
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Powell has spoken at Jackson Hole for six straight years. Here is how the market reacted
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Amnesty International Image Fed Chair Powell’s annual remarks at Jackson Hole have become must-watch events for traders, often leading to big market moves. Goldman Sachs provides a quick recap of the past six years and how they have impacted the front end of the bond market (the dollar generally follows…
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Kenya Airways posts first profit in 11 years
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Kenya Airways (KQ) has ended its losing streak by posting a net profit of Sh513 million in the first half of the year to June, helped by lower debt servicing costs. The airline last posted a profit of Sh384 million in the first half of the year to June 2013…
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Pret A Manger leads high street coffee price hikes with 51% increase over five years, Greggs remains most affordable
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Pret A Manger has revealed it is the leading coffee chain with the biggest price increases over the past five years, with the cost of its most popular drinks rising by an average of 51%. According to research by Stocklytics, the price of Pret’s Americano coffee has seen the biggest…
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Aldi poised to overtake ASDA as UK’s third largest grocer within five years
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ASDA is set to lose its place as the UK’s third-largest grocery chain, with Aldi set to overtake it by 2028, according to analysis by GlobalData, a leading data and analytics company. The forecast comes as Asda faces a range of challenges, including leadership turmoil, labour disputes and shrinking market…
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2024 looks reminiscent of 1970 and 2001 recession years: Piper Sandler By Investing.com
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According to a recent analysis by Piper Sandler, the economic landscape in 2024 bears striking similarities to the recessions of 1970 and 2001, with some critical differences that could lead to a sharper slowdown. Analysts draw parallels between the current environment and those of previous recessions, pointing to “the big…
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$10 Weekly Bitcoin DCA Yields 202% Return, Outshines Traditional Assets Over 5 Years
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Modern analysis of Bitcoin Pro Magazine This report shows the strength of Bitcoin’s dollar cost averaging (DCA) compared to traditional assets such as gold, Apple stocks, and the Dow Jones Industrial Average (DJI). The data reveals that a consistent $10 weekly investment in Bitcoin over the past five years would…
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$10 Weekly Bitcoin DCA Yields 202% Return, Outshines Traditional Assets Over 5 Years
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Modern analysis of Bitcoin Pro Magazine This report shows the strength of Bitcoin’s dollar cost averaging (DCA) compared to traditional assets such as gold, Apple stocks, and the Dow Jones Industrial Average (DJI). The data reveals that a consistent $10 weekly investment in Bitcoin over the past five years would…
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The euro has now erased all of this year’s losses
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EURUSD daily The euro has now returned to stability during the year. It opened at 1.1036, dropped to 1.0601 on April 15, and has now risen to its highest level. There is some resistance at the December high of 1.1139 followed by last year’s high of 1.1276. The latest move…
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UK employers plan lowest pay rises in two years
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Employers in the UK are planning their lowest pay rises in two years, according to the latest survey from the Chartered Institute of Personnel and Development. Information from Reuters. UK employers plan to raise wages by just 3% next year Lowest planned increase in two years A significant drop from…
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Bonds Are Back as a Hedge After Failing Investors for Years
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(Bloomberg) — Greg Abella, a New Jersey money manager, didn’t expect the deluge of calls he’s been getting from clients over the past week. “All of a sudden people are asking us, ‘Wow, do you think this is a good time for us to add bonds?’” Most Read from Bloomberg…
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Bonds Are Back as a Hedge After Failing Investors for Years
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(Bloomberg) — Greg Abella, a New Jersey money manager, didn’t expect the deluge of calls he’s been getting from clients over the past week. “All of a sudden people are asking us, ‘Wow, do you think this is a good time for us to add bonds?’” Most Read from Bloomberg…
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2 Unstoppable Growth Stocks That Could Crush the S&P 500 Over the Next 5 Years
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the Standard & Poor’s 500 The index has returned about 10% annually since 1957. This closely matches the growth in average company earnings. ProfitsIf you want to beat the market, you need to look for companies that can grow their earnings well above average. There are two companies that can…
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Five cows, one year’s worth of free food, a two-bed apartment and exemption from military service: How athletes can win more than medals this Olympics
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While the IOC does not award cash prizes to winners at Paris 2024, many countries and territories offer incentives for their athletes to take home gold, silver or bronze medals. Many rewards are financial, but bonuses can be more selective – anything from exemption from mandatory military service to cars,…
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Reprieve for borrowers as CBK lowers key rate for the first time in 4 years
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For the first time in four years, Kenya’s central bank has cut its lending rate, giving borrowers relief from loan servicing costs after years of rising rates in a bid to contain inflation and a weak shilling. China’s central bank on Tuesday cut its key interest rate by 25 basis…
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Elon Musk says a person with a Neuralink chip could beat a pro gamer in a few years
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It is not far off now to envision a future where a human with a chip-enhanced brain can defeat a professional video gamer. In an episode of Lex Friedman Podcast In an article published Friday, Musk pointed to his startup Neuralink, which implanted a chip in someone’s brain earlier this…