November 8, 20240 Comments

Fed Chair Jerome Powell says he won’t resign if Donald Trump asks him to step down

Federal Reserve Chair Jerome Powell said he won’t step down if President-elect Donald Trump, who has previously criticized Powell’s performance, asks him to resign.  Speaking at a press conference Thursday to discuss the Fed’s move today to cut its benchmark interest rate by 0.25 percentage points, Powell added that it is not permitted under the law for presidents to fire or demote the Fed chair. When asked if he’d step

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November 8, 20240 Comments

Reddit stock price soars after social media player reports profit milestone

Social media & politics: How much your feed influences your vote Social media & politics: How much your feed influences your vote 02:25 Reddit’s stock price is surging after the social media player posted a rare profit.  Reddit on Tuesday reported net income of nearly $30 million for the third quarter, while its revenue of $348.4 million for the period topped analyst forecasts. Those figures were up from a loss of

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November 8, 20240 Comments

Taiwan, excluded from climate summit, sets up ‘war room’ to watch talks By Reuters

TAIPEI (Reuters) – Taiwan has set up a “war room” to watch the live stream from next week’s COP29 climate summit given it is not allowed to attend for political reasons, Environment Minister Peng Chi-ming said on Friday. Democratically-governed Taiwan is excluded from almost all international bodies due to objections from China, which views the island as its own territory not a country and claims the right to be able

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November 8, 20240 Comments

Cartier-owner Richemont’s sales dip on China downturn, jewellery shines By Reuters

By John Revill and Mimosa Spencer ZURICH (Reuters) -Cartier jewellery owner Richemont (SIX:) reported a dip in quarterly sales on Friday, as the luxury goods group largely offset tougher conditions in China with growth elsewhere. The owner of Swiss watchmakers including IWC, Jaeger-LeCoultre and Piaget said sales fell by 1% at constant exchange rates to 4.81 billion euros ($5.19 billion), slightly above analyst consensus forecasts of 4.78 billion euros cited

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November 8, 20240 Comments

CRA denies taxpayer’s RRSP deduction due to pension adjustment

Breadcrumb Trail Links Personal Finance Retirement Taxes Jamie Golombek: One-year lag in pension adjustment calculations can cause confusion for taxpayers and lead to RRSP contribution errors Published Nov 07, 2024  •  Last updated 20 hours ago  •  4 minute read You can save this article by registering for free here. Or sign-in if you have an account. Taxpayers who participate in their employer’s registered pension plan (RRSP) may find their RRSP

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November 8, 20240 Comments

Will Powell’s Speech Delay XRP Price Surge to $1.3?

XRP price breakout and rally to $1.3 could be delayed after Federal Reserve Chair Jerome Powell’s controversial remarks during his speech on Thursday. While this is not a direct jab at Ripple, any perceived political interference could create market volatility, affecting investor sentiment and potentially impacting the crypto market, which XRP is a part of. Will Powell’s Remarks Affect XRP Price? Fed Chair Jerome Powell said on November 7 that

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November 8, 20240 Comments

Helene, Milton losses expected to surpass “truly historic” $50 billion each

Monstrous hurricanes Helene and Milton caused so much complex havoc that damages are still being added up, but government and private experts say they will likely join the infamous ranks of Katrina, Sandy and Harvey as super costly $50-billion-plus killers. Making that even more painful is that most of the damage – 95% or more in Helene’s case – was not insured, putting victims in a deeper financial hole. Storm

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November 8, 20240 Comments

Why Floki Price Might Rally at Least 200% in The Next Few Days?

Under the influence of the crypto market rally past the US election result, all the altcoins, including FLOKI price, rallied heavily. After Donald Trump won the election on November 6, its price jumped from $0.00012 to $0.0001479. More importantly, this surge came after the heavy fall on November 5, as FLOKI plunged to a two-month low at $0.0001149. It confirms that the recent Floki Inu price surge came true with

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November 8, 20240 Comments

Dean Skurka Returns Safely After Paying $1M Ransom

The reports on the recent kidnapping of WonderFi CEO Dean Skurka in downtown Toronto have sparked discussions in the broader market. According to reports, the founder and CEO of the Toronto-based crypto-focused financial firm was kidnapped on Wednesday during rush hours and was released after paying a ransom of $1 million to the kidnappers. This development also highlights the growing security risks for high-profile figures amid the growing crypto scams

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