Category: Featured
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Wall Street Psychopath-Turned-Escort Earns $34,000/Week During Holiday Season
Meet Mia Lee: From Wall Street to the Strip Club Scene A self-identified psychopath who once worked as a Wall Street accountant and earned a six-figure income has made a career shift into the world of professional escorting and stripping. Mia Lee, 35, recently revealed to Business Insider that she rakes in a staggering $34,000 […]
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Bank Stocks Poised for Rebound in 2024 as Interest Rates Ease
Setting the Stage The recent decision by the Federal Open Market Committee to hold firm on interest rates and the indications of future rate cuts in 2024 have boosted expectations for better times ahead for banks. Earlier this year, the failures of Silicon Valley Bank and Signature Bank of New York were a result of […]
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Fed’s Policy Pivot Fuels Speculation of Rate Cuts Amidst Softer Bond Yields
Bond yields experienced a slight decline on Monday, hovering near their lowest levels since the summer months. Traders remained focused on dissecting the Federal Reserve’s recent statements regarding the potential path of interest rates. The 10-year Treasury yield, a key benchmark, currently rests near its lowest point since July. Its most recent decline was prompted […]
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Oil Price Surge and Monetary Policies Impact Inflation, Bonds, and Equities
Investment Grade Bonds: Appealing to Risk-Averse Investors Investment-grade bonds offer an additional layer of appeal for risk-averse investors. These bonds are considered to have lower credit risk compared to lower-rated bonds, such as junk bonds. The investment-grade status indicates a higher level of creditworthiness for the issuer, reducing the likelihood of default. In uncertain economic […]
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Chicago Fed President Goolsbee: Fed’s Inflation Fight Not Over Yet
Inflation Control Efforts The Fed began raising interest rates considerably last year to combat inflation, which peaked at 9.1% in June 2022, the highest in four decades. In November, inflation had dropped to 3.1%, still well above the Fed’s target of 2%. Goolsbee cautioned against declaring victory prematurely, stating that while progress had been made […]
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Senior Security Engineer Convicted in Landmark Digital Currency Hack Case
The Intricacies of the Hack and Legal Proceedings Shakeeb Ahmed, a senior security engineer, has admitted guilt in a complex case involving the exploitation of decentralized cryptocurrency exchanges. Notably, Ahmed was involved in the hack of Nirvana Finance in July 2022, a significant event in the legal recognition and handling of crimes within the digital […]
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FTX Bankruptcy Plan Sparks Crypto Community Debate Over Valuation Fairness
Introduction The recent decision made by FTX debtors has sparked intense debates and discussions within the cryptocurrency community. This comes amidst the backdrop of significant price fluctuations in the crypto market since the filing. The Retroactive Assessment of Customer Claims FTX debtors have presented a revamped Chapter 11 reorganization plan, unveiling their intention to assess […]
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Crypto Community Alarmed as U.S. Senate Supports De Facto Ban on Cryptocurrencies
Sentiment Surrounding Senator Warren’s Influence Deaton has specifically voiced concerns about Senator Warren’s stance on cryptocurrencies, suggesting that she is leveraging her upcoming re-election campaign to take control of the crypto narrative and advocate for a de facto ban. Echoing these concerns, Ryan Selkis, founder of Messari, has warned the crypto community against underestimating Senator […]
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Record-Low DeFi Losses Signal Strong Security Focus in 2023
Record low DeFi losses in 2023 According to IntoTheBlock, this year is expected to record the lowest losses due to exploits since 2020. As of now, the losses suffered within the DeFi space stand at slightly over $1 billion. Throughout the year, the industry witnessed several high-profile hacks, resulting in the loss of millions of […]
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RBA and BoJ Policies Unchanged, Canadian CPI Inflation Numbers Revealed
RBA Keeps Cash Rate Steady at 4.35% In line with expectations, the RBA has maintained the Cash Rate at 4.35%, following a 25bp increase in October. The decision comes after a cooling inflation rate of 4.9% YoY for October and a rise in Aussie unemployment to 3.9%. Market participants will closely monitor the next quarterly […]