November 11, 20240 Comments

Russia’s central bank raises key rate to 21% to rein in higher-than-forecast inflation

09 June 2024, Russia, Moskau: A guardhouse of the Kremlin (l) and the Foreign Ministry (M, background) stand in the center of the capital. Photo: Ulf Mauder/dpa (Photo by Ulf Mauder/picture alliance via Getty Images) Picture Alliance | Picture Alliance | Getty Images Russia’s central bank on Friday raised its key interest rate by 200 basis points to 21%, citing consumer price increases considerably above its forecast and warning of ongoing high

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November 11, 20240 Comments

Dogecoin and other memecoins surge as Trump wins presidential election

In this photo illustration, the Elon Musk’s twitter account seen displayed on a mobile phone screen with a Dogecoin logo in the background. Adrees Abbas | Lightrocket | Getty Images Memecoins surged Wednesday as former President Donald Trump clinched a second term in office. Dogecoin surged more than 15% and Shiba Inu gained 6%, according to Coin Metrics. The moves came as bitcoin rose to a fresh record above $76,000.

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November 11, 20240 Comments

Cardano Climbs 10% In a Green Day By Investing.com

Investing.com – Cardano was trading at $0.4892 by 18:43 (23:43 GMT) on the Investing.com Index on Saturday, up 10.16% on the day. It was the largest one-day percentage gain since November 9. The move upwards pushed Cardano’s market cap up to $16.9450B, or 0.64% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B. Cardano had traded in a range of $0.4275 to $0.4893 in the

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November 11, 20240 Comments

Chinese Stocks Slide on Disappointing Fiscal Plan, Weak Data

(Bloomberg) — Chinese stocks declined after a high-profile legislative meeting disappointed investors who had been hoping for large-scale stimulus to boost the economy and end a deflationary cycle. Most Read from Bloomberg The CSI 300 Index was down 0.4% as of 9:40 a.m. local time, while a gauge of Chinese stocks trading in Hong Kong dropped more than 2%. Both gauges trimmed bigger losses seen at the open. The declines

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November 11, 20240 Comments

What could Donald Trump’s cabinet and administration look like?

Getty Images Donald Trump has made the first official hire of his incoming administration, announcing 2024 campaign co-chair Susan Summerall Wiles as his chief of staff. The president-elect’s transition team is already vetting a series of candidates ahead of his return to the White House on 20 January 2025. Many who served under Trump in his first term do not plan to return, although a handful of loyalists are expected

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November 11, 20240 Comments

Why flights to Europe are the cheapest they’ve been in years

A tourist takes a photo as the Acropolis’ Propylaea are seen in the background, in Athens, Greece, on June 28, 2024. Elias Marcou | Reuters Flights between the U.S. and Europe have not been this cheap in three years, when many countries were just lifting Covid-19 era rules. Fares are low even for the traditionally slow late-fall and winter months outside of major holidays. “It is brutal to fill seats

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November 11, 20240 Comments

Oil prices dip as China stimulus underwhelms, US hurricane risk abates By Investing.com

Investing.com– Oil prices fell in Asian trade on Monday (NASDAQ:) as more fiscal stimulus measures from top importer China largely underwhelmed, while a hurricane in the Gulf of Mexico appeared to have a limited impact on U.S. production. Prices extended losses from Friday after Beijing approved about 12 trillion yuan ($1.6 trillion) in fresh fiscal spending. But a lack of targeted measures for private consumption largely left investors wanting more,

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