August 19, 2024
Wall Street wraps up best week of the year
U.S. stocks ended last week higher, extending their biggest weekly percentage gains of the year as worries of an economic downturn eased and investors focused on the Jackson Hole Economic Symposium next week. The S&P 500 and the Nasdaq notched their seventh straight session of gains
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August 19, 2024
Coinbase, KuCoin, others file crypto license applications in Turkey
The Turkish cryptocurrency landscape is experiencing a major transformation as prominent companies like Coinbase and KuCoin compete to obtain business licenses in the country. This surge in applications follows regulatory updates by the Turkish Capital Markets Board.
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August 15, 2024
US annual consumer price increase slows to below 3% as inflation ebbs
U.S. consumer prices rose moderately in July and the annual increase in inflation slowed to below 3% for the first time in nearly 3-1/2 years, opening the door wider for the Federal Reserve to cut interest rates next month. The dollar lost ground against its major peers, helping the euro to an eight-month peak, as […]
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August 15, 2024
Crypto.com becomes official UEFA Champions League partner
Crypto.com has become the first cryptocurrency platform to secure an exclusive partnership with the UEFA Champions League. The multiyear partnership, which will see the centralized crypto exchange become an official global sponsor of the UEFA Champions League, was announced on August 14th.
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August 15, 2024
Wall Street indexes mixed as Alphabet slips
Wall Street’s main indexes offered a mixed bag on Wednesday, as Alphabet and some megacap tech stocks traded lower but the latest inflation data reassured investors betting the Federal Reserve would start cutting U.S. interest rates next month. The last session saw Google shares fall 1.2%. The Stochastic-RSI is giving a positive signal.Google shares fell […]
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August 14, 2024
Wall Street umps as softer producer prices data boosts rate optimism
U.S. stocks hit a near two-week high after a softer producer prices data reinforced bets of an interest rate cut by the Federal Reserve in September. Megacap and growth stocks gained, with Nvidia set to lead the charge for a second session, rising over 5%.
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