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Month: September 2024
Donald Trump says, “We’re embracing the future with crypto and leaving the slow, outdated big banks behind.” Yes, Mr. President, we heard you. You also want to pay off the national debt with Bitcoin. Brilliant plan.
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The number of 401(K) accounts with a balance of at least $1 million soared to a record 497,000 in Q2 2024. Over the past 4 years, the number of millionaire accounts TRIPLED. However, today’s $1M has the purchasing power of $750K in 2020. Feeling richer?
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The promotion of Trump’s crypto effort has attracted scammers who have tried to trick Trump followers by creating fake ads that offer tokens claiming to be associated with the project.
Republican presidential hopeful Donald Trump made waves on Thursday by announcing that the crypto project, spearheaded by him and his two eldest sons, is set to officially launch next Monday. Trump revealed he will host a live event on X Spaces (formerly known as Twitter Spaces) at 8 p.m. on Sept. 16 to unveil the venture, intriguingly named World Liberty Financial. “We are embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump said in a video clip posted from his official X account: https://x.com/realDonaldTrump/status/1834311432982135015 submitted by /u/FXgram_ [link] [comments]
Pepperstone: What is NVIDIA’s next move? Chris Weston breaks down the hot debate between bulls and bears.
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I’m with you, Michael
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Pepperstone: FRIDAY MARKET WATCH 📈 This week saw strong moves across indices and major currency pairs. Watch the full episode as Tyrone Abela analyses potential trades for today and into next week. 👀
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Just some news
Kamala Harris calls for a second debate with Donald Trump /// Uber CEO hinted at the possibility of accepting Bitcoin and other cryptocurrencies as payment methods in the near future. /// The IEA challenged OPEC in a sharp commentary to its monthly report under the headline: “When the music stops.” The IEA lowered its forecast for oil demand growth in 2024 (+0.9 million barrels per day) and warned OPEC of a possible oversupply in 2025, even if the cartel does not increase production. /// Gold = new ATH submitted by /u/dll_crypto [link] [comments]
The U.K. government introduced a bill to Parliament touching on the legal status of digital assets including cryptocurrencies, NFT’s and RWAs.
The bill will clarify that these assets are considered personal property under British law. Once enacted, it will give the legal profession guidelines to follow when there’s a dispute on ownership, such as during a divorce. It will also provide protection to crypto owners, whether individuals or companies, who are hit by fraud and scams. https://preview.redd.it/q0s41b0xxfod1.png?width=788&format=png&auto=webp&s=12104fd7bbefa5eb7a6f77a5b57b34d0cab8f570 submitted by /u/Lor1al [link] [comments]
AXIOS: “.. All six of the most valuable companies in the U.S. — all of which are worth more than $1 trillion — have been created in the last 50 years. .. By contrast, no European company valued at more than $100 billion has been started in that period.”
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You know what that means when Jim Cramer starts talking about GameStop
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US government announces it has spent over $1 TRILLION this year on interest payments for its $35.3 TRILLION national debt.
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El Pais: Venezuela wants to cut ties with Spain. At the end of July, Venezuela broke diplomatic relations with Peru and also recalled diplomats from Argentina, Panama, Chile, Costa Rica, Uruguay, and the Dominican Republic.
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Liberation: Telegram began unprecedentedly active cooperation after Pavel Durov was released from custody on August 28.
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Spot gold hits a record high of $2,542.10 per ounce
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Question – How long will policy remain sufficiently restrictive? Lagarde – Until we have been sufficiently restrictive. – Michael Brown notices the details.
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The ECB’s second rate cut within three months hasn’t caused much volatility, as it was in line with market expectations. But don’t lose hope – the press conference starts in a minute, and who knows…
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U.S. Treasury Press Release on Sanctions (September 2024): Allies have intensified sanctions against Russia, targeting Russia’s financial infrastructure.
In recent days, the U.S. and its allies have intensified sanctions against Russia, particularly in response to its continued aggression in Ukraine and efforts to evade existing restrictions. On September 6, 2024, new measures were announced targeting Russia’s financial infrastructure and its ability to sustain its war efforts. The sanctions include restrictions on entities and individuals in Russia and third countries that are facilitating sanctions evasion, as well as efforts to undermine Russia’s access to international financial systems and technological resources. The U.S. Treasury and State Department have sanctioned hundreds of individuals and entities, impacting sectors such as defense, energy, and finance. Foreign financial institutions engaging with Russia’s war economy now face a heightened risk of secondary sanctions. The new actions also aim to limit Russia’s access to critical technologies and materials used in military production, such as microelectronics and unmanned aerial vehicles (UAVs) submitted by /u/Ankle_be [link] [comments]
There is nothing wrong with people on the inside wanting to restrict immigration, legal, illegal, antilegal, semilegal, proxylegal, paralegal, plesiolegal, porrolegal, etc. Just DO NOT invent statistics for it. Express your preferences directly & honestly.
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US Jobless Claims
Initial (w/e 7 Sep): 230k vs. 227k exp. (prior 227k) Contd (w/e 31 Aug): 1.850mln vs. 1.850mln exp. (prior 1.838mln) Note – neither print pertains to the September NFP survey week submitted by /u/XGramatik [link] [comments]
Past 72 hours
biggest ever one-month drop in online grocery prices biggest ever one-week drop in shipping container rates McDonald’s extends $5 value meal Disney cut ad-tier streaming price Gasoline futures imply an imminent sub-$3 national average submitted by /u/XGramatik [link] [comments]
Telecom Italia leaps +7.4% Why?
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CNBC: Both the Republican and the Democratic presidential nominees will remain tough on China. Trump: 100% tariffs on Chinese goods and a blanket tariff of 10-20% on all other imports. Harris: A policy should be in making sure the US wins the competition for the 21st century.
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Private stock trading company Forge Global on Wednesday unveiled its own “private magnificent seven” of major names that draw big volume on its platform: SpaceX, OpenAI, ScaleAI, Databricks, Fanatics, Stripe and Rippling.
Forge Global said the share prices of the seven privately traded companies have outperformed the S&P 500 index’s publicly traded so-called “magnificent seven” that have fueled much of the gains in the stock market in recent years: Tesla, Apple, Nvidia, Amazon, Microsoft Corp., Alphabet Inc. and Meta Platforms Inc. Just don’t run to look for stock symbols for these assets on your trading terminals – for individual investors to trade privately-held stocks, they must qualify as an accredited investor, which is someone with a net worth of $1 million outside the value of their primary home. We can only hope for some loud IPOs in the future. I think Databricks, Stripe and Rippling may be the first to do this, because at least there have been conversations about it. So we mark the names for ourselves and wait. Source: https://www.marketwatch.com/story/these-private-companies-could-be-the-magnificent-seven-of-the-future-311e00b9?mod=home-page submitted by /u/FXgram_ [link] [comments]
Based on the data from the chart, it can be concluded that China is actively buying oil. This is confirmed by the rise in VLCC tanker rates on routes from West Africa (WAF) and the Middle East (MEG) to China.
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September’s ECB Cheat Sheet: Buy the data, sell the cut. The possible implications of a “technical” 60bp refinancing rate cut. Our base case is no new forward guidance, and some hawkish repricing in EUR front-end rates as well as a moderately higher EUR/USD
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Asian chip-related stocks rally on renewed AI optimism after Nvidia CEO comments. Nvidia CEO Jensen Huang:”AI is not about a chip. AI is about an infrastructure, computing today is far more complex than just making a chip and putting it in a computer”.
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Bill Gates on the No. 1 thing that keeps him up at night: ‘If we avoid a big war…there will be another pandemic’
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Court freezes N548.6 Million belonging to ‘ByBit, KuCoin’ Nigerian crypto users over Naira fluctuation allegations
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WSJ: PricewaterhouseCoopers’s U.S. unit is laying off about 1,800 workers, its first formal layoffs since 2009, and restructuring its technology group as the firm faces slowing demand for some of its advisory business. Many professional-services firms have experienced weaker demand in certain areas.
submitted by /u/Ankle_be [link] [comments]