November 17, 20240 Comments

Dollar notches weekly gain as traders reassess rate cut expectations By Reuters

By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON (Reuters) -The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate cuts and with the view that President-elect Donald Trump’s policies could be inflationary. The dollar has benefited from market expectation that Trump administration policies, including tariffs and tax cuts, could stoke inflation, leaving the Federal Reserve less

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November 17, 20240 Comments

Russia resells more gas in Europe after cutting off Austria, sources, data show By Reuters

By Jason Hovet, Thomas Escritt and Dmitry Zhdannikov BERLIN/PRAGUE/LONDON (Reuters) – Russian gas flows to Austria were suspended for a second day on Sunday because of a pricing dispute but other buyers in Europe stepped in to snap up unsold volumes, companies and sources said and data showed. Russia, which before the Ukraine war was the biggest single supplier of gas to Europe, has lost most of its buyers on

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November 17, 20240 Comments

Here are 6 potential changes in crypto markets under a Trump administration By Investing.com

Investing.com — JPMorgan analysts anticipate significant shifts in crypto markets under a second Trump presidency, driven by a Republican-controlled Congress and expectations of crypto-friendly policies.  These changes could reshape the regulatory and market landscape, according to the investment bank. Pending Legislation AdvancesKey crypto-focused legislation, such as the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Clarity for Payment Stablecoins Act of 2023, might be expedited, says JPMorgan.

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November 17, 20240 Comments

Real Vision Analyst Jamie Coutts Issues Bitcoin Warning Amid Strong Dollar Rally, Says Macro Backdrop Soured

Real Vision’s head crypto analyst Jamie Coutts says that the US dollar is on the verge of foiling the rally for Bitcoin (BTC) and digital assets. While the long-term bullish structure is still intact, Coutts says that a strong dollar is threatening to derail BTC’s movement in the short term. “The macro backdrop has soured. Dollar strength is not good for Bitcoin. Ann Funding rates hit 40% 2 days ago.

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November 17, 20240 Comments

Should You Buy Nvidia Stock Before Nov. 20? Wall Street Has a Compelling Answer.

One of the most profound changes in the tech landscape over the past couple of years has been the advancements in the field of artificial intelligence (AI). There’s a strong argument that the advent of AI early last year was one of the biggest sparks that set off the current bull market rally. ChatGPT heralded the advent of generative AI, and since its release in November 2022, the S&P 500

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November 17, 20240 Comments

Blackouts in Ukraine as Russia targets power grid

A “massive” Russian missile and drone attack has targeted power infrastructure across Ukraine, the country’s President Volodymyr Zelensky has said. It is the largest such assault since early September, with reports of multiple explosions across the country, according to authorities and local media. “Peaceful cities, sleeping civilians” and “critical infrastructure” were targeted, Ukraine’s foreign minister Andrii Sybiha said. Emergency blackouts were enacted in Kyiv and two other regions in the

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November 17, 20240 Comments

‘London-style’ buses to be delivered nationwide with £1bn boost

Almost £1bn in funding will go to delivering London-style buses nationwide as part of a massive Budget boost, the government has promised. The Department for Transport (DfT) has given more details on its plans for 2025 after announcing the funding last month. It has promised to deliver what it calls “London-style” services to every corner of the country, and said funding would be allocated based on levels of deprivation and

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