Category: Featured
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US Inflation Decelerates: 4% Annual Rate in May 2023, Encouraging Fed Hopes
Gas Prices and Inflation: A Turning Point for US Economy? Gas prices on a sign at a Shell gas station in San Francisco, California, US, on Tuesday, May 23, 2023, may indicate a deceleration in inflation. The question remains whether this deceleration will be enough to convince Federal Reserve officials that they can stop raising […]
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SEC Chair Defends Crypto Stance: Don’t Believe Lack of Fair Notice Claims
SEC Chair Defends Agency’s Actions Against Crypto Industry The chair of the U.S. Securities and Exchange Commission (SEC) strongly rebutted criticism on Thursday that the agency is trying to crush the crypto industry. He stated that many companies in the space had made a “calculated economic decision” to flout its rules. “When crypto asset market […]
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Galaxy Digital CEO says regulatory environment prompts plans to move crypto operations offshore
Galaxy Digital CEO Mike Novogratz Discusses Offshoring Operations Amid Regulatory Challenges Background During Piper Sandler’s Global Exchange & Fintech Conference on Wednesday, Galaxy Digital CEO Mike Novogratz discussed the regulatory challenges that institutional crypto is facing in the United States. He commented on the industry’s move offshore to circumvent these challenges, but also expressed hope […]
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Wildfire smoke casts haze over NYC as clean-energy funds soar in response
Clean Energy ETFs Rise Amidst Canada Wildfires HEAT Fund Up By 0.2% The actively managed Touchstone Climate Transition ETF closed 0.2% higher in light of Canada’s wildfires. This ETF began trading in May of this year and has already made a positive impact on the market by investing in companies that promote lower greenhouse gas […]
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AI Surge Boosts Cloud Kings: Amazon, Alphabet, Microsoft Up 35-44% in 2023
Big Tech Holdings Embracing AI for Cloud Growth Alphabet (GOOGL), Microsoft (MSFT), and Amazon (AMZN) continue to invest in AI technology to boost cloud growth, which has been slowing since 2022 due to economic uncertainty. The increasing popularity of AI is expected to help revive the revenue growth rates in the sector as the demand […]
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Big Tech Giants Lean into AI to Reignite Cloud Growth Amid Economic Uncertainty
AI adoption by Big Tech giants to restart cloud growth Introduction Alphabet (GOOGL), Microsoft (MSFT), and Amazon (AMZN) are increasingly focusing on AI to boost cloud growth, which has slowed down since 2022 due to economic uncertainty. However, AI’s increasing popularity is likely to improve the sector’s growth, making these firms hold on to these […]
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Federal Reserve may pause interest rate hike cycle for one meeting only
Federal Reserve Officials Indicate Possible Pause in Interest Rates Shortest Pause in Modern Era Reports claim that some US central bank officials are indicating that the Federal Reserve may ‘skip’ raising interest rates next week but intends to tighten monetary policy yet again a month later. This prospect would create the shortest pause in the […]
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Modern Era’s Shortest Pause: Fed’s 1-Month Rate Hike Break
Fed’s Potential Short Pause in Rate Hikes If the Federal Reserve ‘skips’ raising interest rates next week only to tighten monetary policy again a month later, which is what some U.S. central bank officials are indicating and markets are pricing, it will be the shortest pause in the modern era. U.S. unemployment is near a […]
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U.S. Cracks Down on Russian Banking: Tougher Sanctions on the Horizon
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]
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Inflation Soars to Unprecedented Heights, Households Brace for the Impact
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]