Mindblown: a blog about philosophy.
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Treasury Yields Retreat as Fed’s Rate Cut Chances Decrease
Market Focus on Treasury’s Refunding Statement The Treasury’s refunding statement, set to be released tomorrow, is anticipated to provide crucial details regarding coupon auction sizes. Jim Reid, a strategist at Deutsche Bank, commented that the market awaits these specifics with great interest. Fed’s Monetary Policy Meeting Takes Center Stage The pullback in benchmark borrowing costs […]
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American Express: Crushing the Market with Growing Customer Base and International Expansion
Expanding Customer Base and Premium Brand While American Express charges an annual fee for its credit cards, it primarily generates revenue from credit card transactions. Merchants pay a small fee to American Express for processing customers’ payments. In 2023, customers spent close to $1.5 trillion on the American Express card network, resulting in $33.4 billion […]
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Starknet Joins Forces with Celestia for Improved Data Availability and Scaling
Blobstream for Enhanced Data Availability Starknet’s utilization of Celestia’s Blobstream offers several advantages. By leveraging Blobstream’s data availability capabilities, Starknet can ensure secure off-chain data storage, empowering Layer 3 chains within its ecosystem. Data Availability Sampling and Scaling Solutions Celestia’s pioneering introduction of “data availability sampling” has proved beneficial for scaling networks. This technique enables […]
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XRP Ledger Teams Up with EasyA to Boost Adoption and Smart Contracts
Crypto Eri Shares Exciting Update with XRP Community In an exciting turn of events, the XRP Ledger has entered into a strategic partnership with EasyA to enhance the adoption of the ledger. Crypto Eri, a prominent member and influencer in the XRP community, took to X, a popular social media platform, to share the news […]
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Oppenheimer Downgrades Five Below on Concerns over Growth Dynamics
Concerns Over Growth Dynamics The downgrade by Oppenheimer analysts is primarily driven by concerns related to the growth dynamics of Five Below. Despite the company’s strong strategic positioning and attractive consumer proposition, several factors are causing apprehension among analysts. Firstly, the company is facing the challenge of a larger base of units. As the number […]
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Tech Earnings and Central Bank Decisions Awaited as Futures Stay Flat
Microsoft and Alphabet Earnings in Focus Market players eagerly anticipate the financial reports of Microsoft and Alphabet, which are expected to be released after the New York market closes. Microsoft recently reached a historic market valuation of over $3 trillion, with its investment in OpenAI drawing attention to its AI capabilities, specifically the ChatGPT chatbot. […]
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Tech Giants and Start-ups Cut Jobs in Latest Wave of Layoffs
Targeted Job Trims and Focus on Key Products After the widespread layoffs of the past year, major tech firms like Amazon, Google, and Microsoft are now resorting to smaller, targeted job cuts. Simultaneously, they are shifting their focus to key products, particularly artificial intelligence. Some startups, such as Flexport, Bolt, and Brex, have had to […]
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Diageo Reports Drop in Sales in Latin America, but Strong Growth Elsewhere
Sales Plunge in Latin America and Caribbean Market Diageo’s Latin America and Caribbean segment, contributing 10% to the company’s overall revenue, witnessed a substantial decrease of 23.5% in sales during the last six months of 2023. The region’s economy experienced a slowdown, prompting customers to shift their preference from spirits to beer. Factors such as […]
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Australian Court Hears Closing Arguments in Landmark Case Against Bayer’s Roundup
Roundup Lawsuit as a Test Case in Australia The Australian lawsuit against Bayer’s subsidiaries brings together over 1,000 claimants and serves as a critical test case for a country where Roundup is widely used. Closing arguments have been presented in the Federal Court in Victoria. If the judge rules that Roundup did cause lymphoma, the […]
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India’s Stocks Slide as Consumer Durables and Capital Goods Sectors Struggle
Nifty 50: Top Performers and Decliners The top performers on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 2.84% or 23.90 points to trade at 864.90 at the close. Bharat Petroleum Corp. Ltd. (NS:BPCL) added 1.93% or 9.50 points to end at 502.15, and Eicher Motors Ltd. (NS:EICH) was up 1.05% or 38.70 […]
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