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Gold Faces Pressure as Markets Anticipate July Rate Hike
author-avatar Andrew Johnson
Commodities, News
June 22, 2023
22 Jun 2023

Gold Faces Pressure as Markets Anticipate July Rate Hike

Introduction Gold, a traditional safe-haven asset, has encountered challenges as markets bet on a potential rate hike in July. The precious metal has struggled to find relief, with spot gold steadying at $1,933.63 an ounce and gold futures falling s...
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Cathie Wood's Ark Invest Adds to Coinbase Position Amidst SEC Lawsuit against Binance
author-avatar Noah Ellis
Cryptos, News
June 21, 2023
21 Jun 2023

Cathie Wood’s Ark Invest Adds to Coinbase Position Amidst SEC Lawsuit against Binance

In a recent interview with Bloomberg, Cathie Wood, the CEO and principal investment officer of Ark Invest, bandied her establishment's decision to add to its position in Coinbase( COIN) despite the Securities and Exchange Commission's( SEC) action ag...
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author-avatar Alice Scott
News, Stocks
June 21, 2023
21 Jun 2023

SoftBank Aims to Capitalize on AI Boom, Plans Offensive Strategy

SoftBank Group, the Japanese technology conglomerate, has set its sights on capitalizing on the booming field of artificial intelligence (AI). Founder Masayoshi Son recently announced the company's plan to shift from a "defense mode" to an "offense m...
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China Cuts Interest Rates as Alibaba Shakes Up Board Economic Update.
author-avatar Rogerio Alvarez
Economy, News
June 20, 2023
20 Jun 2023

China Cuts Interest Rates as Alibaba Shakes Up Board: Economic Update

China's economy has been showing signs of losing momentum in its post-pandemic recovery, prompting the People's Bank of China to take action. In an attempt to stimulate the economy, the central bank has recently cut its benchmark lending rates. Concu...
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Alibaba Announces Executive Reshuffle: Eddie Yongming Wu to Succeed Daniel Zhang as CEO
author-avatar Alice Scott
News, Stocks
June 20, 2023
20 Jun 2023

Alibaba Announces Executive Reshuffle: Eddie Yongming Wu to Succeed Daniel Zhang as CEO

Introduction Alibaba Group Holding, one of the world's largeste-commerce companies, lately blazoned a major superintendent reshuffle. Eddie Yongming Wu will assume the part of CEO, succeeding Daniel Zhang. This restructuring comes as part of Alibaba...
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Blackstone's Infrastructure Unit to Acquire 19.9% Stake in NiSource's NIPSCO for $2.15 Billion
author-avatar Alice Scott
News, Stocks
June 20, 2023
20 Jun 2023

Blackstone’s Infrastructure Unit to Acquire 19.9% Stake in NiSource’s NIPSCO for $2.15 Billion

Introduction: In a significant move within the energy sector, NiSource, a prominent utility firm, announced that Blackstone's infrastructure unit is set to acquire a 19.9% equity interest in its subsidiary NIPSCO. The deal, worth $2.15 billion, mark...
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Coinbase vs. SEC: The Need for Regulatory Clarity in the Crypto Industry
author-avatar Noah Ellis
Cryptos, News
June 19, 2023
19 Jun 2023

Coinbase vs. SEC: The Need for Regulatory Clarity in the Crypto Industry

Introduction: The cryptocurrency exchange Coinbase has found itself in a fierce legal battle with the United States Securities and Exchange Commission (SEC), shedding light on the pressing issue of regulatory clarity in the crypto industry. Coinbase...
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Natural Gas Prices Face Resistance Near $2.70 Amid Declining Open Interest
author-avatar Andrew Johnson
Commodities, News
June 19, 2023
19 Jun 2023

Natural Gas Prices Face Resistance Near $2.70 Amid Declining Open Interest

Natural gas futures markets witnessed a decline in open interest for the third consecutive session on Friday, with a decrease of approximately 14.6K contracts. Additionally, volume dropped by around 205.6K contracts, partially reversing the previous ...
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Ripple CEO Brad Garlinghouse's Call for Nonsupervisory Clarity in the Cryptocurrency Industry
author-avatar Noah Ellis
Cryptos, News
June 19, 2023
19 Jun 2023

Ripple CEO Brad Garlinghouse’s Call for Nonsupervisory Clarity in the Cryptocurrency Industry

Introduction: Amidst the evolving landscape of cryptocurrencies, achieving regulatory clarity has been a persistent challenge for the industry. In the United States, the Securities and Exchange Commission (SEC) has played a crucial role in determini...
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BlackRock's Bitcoin Trust Filing: Boosting Confidence in BTC and Coinbase's Legal Battle
author-avatar Noah Ellis
Cryptos, News
June 17, 2023
18 Jun 2023

BlackRock’s Bitcoin Trust Filing: Boosting Confidence in BTC and Coinbase’s Legal Battle

Introduction: BlackRock's recent filing for a spot Bitcoin (BTC) trust has captured the attention of the cryptocurrency industry. Many observers are optimistic about the potential benefits this move could bring to Bitcoin, citing increased investor ...
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author-avatar Andrew Johnson
Commodities, News
June 17, 2023
18 Jun 2023

Gold Prices React to Federal Reserve’s Hawkish Outlook: Analyzing Market Trends and Future Expectations

Gold prices experienced a notable shift in response to the Federal Reserve's hawkish outlook on interest rates. This article delves into the intricacies of the market, analyzing the recent price movements and their underlying causes. By examining the...
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Market Recap: S&P 500 and Nasdaq Experience Decline Amid Fed Officials' Comments
author-avatar Alice Scott
News, Stocks
June 17, 2023
18 Jun 2023

Market Recap: S&P 500 and Nasdaq Experience Decline Amid Fed Officials’ Comments

Introduction In recent trading sessions, the S&P 500 and Nasdaq experienced a decline, primarily driven by market heavyweights such as Microsoft and Amazon. This downturn came as Federal Reserve officials made comments that dampened optimism reg...
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