According to data from Bloomberg, experts predict the report will show the addition of 168,000 nonfarm payroll jobs in December 2023, when compared to the 199,000 jobs added in November. Other predictions include an unemployment figure to sit at 3.8%, 0.1% higher than that of November’s. The positive investor sentiment that grew in December has…
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The British lending company acquired Crédit Commercial de France, a financial services provider and subsidiary of the My Money Group, more than two decades ago in April 2000. Reportedly, this acquisition amounted to a minimum of €11.08bn. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Reuters indicated that after the sale, My Money…
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Bloomberg reported that Hong Kong’s yardstick for shares dropped by approximately 1.5%. Experts noted the same slide in Taiwan and China. These markets took a further knock when ASML Holdings (ASML), a manufacturer of semiconductors, cancelled several shipments following an alleged request by the Biden Administration. Records show that China’s factory operations dipped to a…
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Cocoa and iron ore performed positively for investors, however, with the former rising to a multi-decade high of 72% following difficulties along the supply chain. Iron also rose approximately 55% as China continued to create more houses for its in-demand property sector. Cocoa on the New York Stock Exchange hit a 46-year high and are…
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Nvidia’s AI chips contributed to the company’s revenue growth, which sits at 85% higher than the same period year-over-year, most significantly in Q3 of 2023. Although the company’s net income is 13 times higher than in December 2022, it made the most instrumental gains in Q1, 2 and 3 of this year, and experienced a…
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Positioned as a C-Class performance sedan, the SU7 is based on Xiaomi's Modena Architecture and features HyperEngine electric motors with impressive capabilities. The electric sedan comes in two variants: the dual-motor all-wheel-drive SU7 Max and the single-motor rear-wheel-drive SU7. Key innovations include the use of die casting machines with a clamping force of 9,100 tons,…
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The Financial Intelligence Unit India (FIU IND) said it has written to the Ministry of Electronics and Information Technology in the country to block the URLs of the nine entities it states are "operating illegally without complying with the provisions of PML Act in India." The cryptocurrency exchanges on the notices are Binance, Kraken, Bitfinex,…
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According to recent data, the BoE’s targets are a little pessimistic when compared to their predictions, especially considering inflation fell to its lowest in two years at 3.9% in November 2023. PwC has warned the BoE that “increased inflationary pressures” will persist in either outcome but that a decrease in global energy prices could help…
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André Dragosch, head of research at ETC Group, predicted that ether will outperform all other ETFs during 2024, specifically overtaking its ultimate rival, Bitcoin (BTC). Dragosch also noted that ether will able to reserve the underperformance it has seen this year with a new deflationary burn mechanism launched in August 2021, Improvement Proposal EIP-1559. The…
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In November, Baidu reported that Ernie had already attracted 70 million users. The announcement underscores Baidu's efforts to compete with tech giants Tencent and Alibaba in commercialising services similar to ChatGPT in the vast Chinese internet landscape. The increasing user base reflects the growing popularity and adoption of AI-driven chatbots, marking a significant milestone for…
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