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Day: December 11, 2024
BBC: Shares in US chocolate maker Hershey (HSY) have jumped by more than 10% after a report that Mondelez International, which owns UK-based Cadbury, has approached the firm about a potential buyout. A deal could create a snack food giant with combined sales of almost $50bn (£39.2bn) a year.
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Elon Musk on inflation: “Throughout history, it has been used as a pernicious tax. It’s like one degree removed, so people don’t feel it directly. Then, the politicians will try to blame it on something else. But it’s all about government spending.”
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MILEI: ARGENTINA ENDS DEFICIT FOR THE FIRST TIME IN 123 YEARS. “…A year ago, a degenerate printed 13% of GDP to win an election, fueling inflation. Today, monetary emission is a thing of the past.”
“The deficit was the root of all our evils—without it, there’s no debt, no emission, no inflation. Today, we have a sustained fiscal surplus, free of default, for the first time in 123 years. This historic achievement came from the greatest adjustment in history and reducing monetary emission to zero. A year ago, a degenerate printed 13% of GDP to win an election, fueling inflation. Today, monetary emission is a thing of the past.” https://reddit.com/link/1hbp3tl/video/o2h2avexk66e1/player submitted by /u/XGramatik [link] [comments]
Death Clock: an expiration date for everyone
https://preview.redd.it/jrjysmw0d66e1.jpg?width=1280&format=pjpg&auto=webp&s=90e2210f40df8b8ef9704c312a7a82fa103c8da7 American scientists have launched Death Clock, an AI-powered app that doesn’t just guess your date of death but claims to do so with scientific precision. According to Bloomberg, the app is gaining massive popularity among health enthusiasts and the data-curious alike. How it works: Death Clock gathers key information about you: weight, blood pressure, stress levels, bad habits, gastrointestinal and psychological issues, sleep patterns, and even family medical history. All this data is processed by an algorithm trained on 53 million life histories and insights from 1,200 studies. The result? A screen that bluntly shows your biological age and predicted date of death. A little motivation: Beyond delivering your terrifying expiration date, the app provides actionable advice on nutrition, exercise, and even mental health. It doesn’t just say, “You’re done by 2060,” but rather suggests, “Let’s aim for 2075 by tweaking your habits.” Who needs this? Anyone obsessed with data and curious about whether sugar or deadlines will get them first. Those who want to outlast life’s challenges just a little longer. So, what do you think – ready to find out how much time you’ve got? Or would you rather leave it a mystery? submitted by /u/FXgram_ [link] [comments]
TKL: Global food prices hit a 19-month high in November. The largest increase was seen in vegetable oil prices which rose 32.0%, dairy and meat surged by 20.1% and 5.9%. Since the beginning of 2020, global food prices are up a whopping 26.5%. Global food inflation is back on the rise.
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Offshore yuan falls nearly 300 pips against USD, drops below 7.28 to 7.2815.
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Pepperstone: Gold breaking higher, #Bitcoin trading in a more defined range, FX moves on the day and leads from US equity. We look ahead to China’s CEWC, US CPI, and the BoC meeting.
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SpaceX conducted ground tests of the first stage of Super Heavy as part of the 7th Starship launch. The tentative date for the new launch is January 11.
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Wall Street Banks have sold $380 Billion worth of complex financial products this year, the most since 2007 during the run-up to the Global Financial Crisis. Are we doing this again?
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Apple = Unstoppable. AAPL has now hit a new all-time high in each of the last 8 days and traded green in 10 of the last 12
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