Samuel Tomb, Chief UK Economist at Pantheon Macroeconomics noted the reduction in online sales in the first 2 weeks of August and argued that the current economic stagnation is brief and rectifiable. Tomb stated: We continue to expect households’ real disposable income to rise briskly and to be about 2.0% higher in Q4 than a…
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Specialising in golf equipment, the company debuted on the Nasdaq on Tuesday, during which it went public with 3.2 million shares. Sacks Parente Golf had the markets buzzing when it trumped its IPO pricing with 624%. This forward-technology golf enterprise’s repertoire includes a $400 putter. Its innovations feature the First Vernier Acuity putters, Ultra-Low Balance…
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This decision essentially hobbled the SEC’s blanket control over cryptocurrency markets, which many believe need the same regulations as others, such as stocks and forex. The July ruling found that Ripple did not transgress securities laws when it made XRP, its signature cryptocurrency, available on exchanges. On Thursday, Judge Torres gave the SEC until Friday…
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Jacobi Asset Management (Jacobi) has listed Europe’s first spot Bitcoin ETF on Euronext Amsterdam. The Jacobi FT Wilshire Bitcoin ETF (the \"ETF\") represents the first decarbonised digital asset fund compliant with SFDR Article 8. Jacobi has implemented a verifiable built-in Renewable Energy Certificate (REC) solution which allows institutional investors to access the benefits of Bitcoin whilst also meeting…
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Antreas Themistokleous, an analyst at Exness stated: As of 30/04/2023, the company's current ratio is around 140% showing that the company is able to repay its short-term liabilities with the current assets in hand. Also, what is important to mention is that the debt-to-equity ratio is near all-time low (currently at 16%), indicating that the…
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A world leader in payments, the company now finds its policies regarding this tokenisation initiative under the DOJ microscope. Visa confirmed that the department’s antitrust arm requested information on US-based debit card practices in May 2023. When using tokenisation technology, those with sensitive card numbers can use a token to make payments. This token is…
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Photo and video footage on social media showed cars and people lining up outside ATMs in various locations, such as Dublin and Lisduggan, among others, to scoop some “free” cash. Images of police guarding various pay points also did the rounds. Reportedly, the bank’s online app experienced a glitch that let customers transfer non-existent funds…
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The weekly timeframe shows price action recently dropped in on support from $1,898, a level sharing chart space closely with a descending resistance-turned-support level taken from the high of $2,070. Adding weight to this support is the daily timeframe’s 200-day simple moving average at $1,902. This dynamic value, alongside being used for trend identification (it…
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BAM stated that the regulator’s requests for information were overly “broad” and “unduly burdensome”. In the motion for the protective order, the company stated: The Consent Order authorized “limited expedited discovery” on a narrow set of topics—namely, the custody, security, and availability of BAM customer assets. Instead of seeking “limited” discovery, the SEC has spent…
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Worth an estimated $85bn, the Vietnamese electric vehicle manufacturer’s market capitalisation shot past that of General Motors Co. and Ford Motor Co. This company entered the market after merging with Black Spade Acquisition Co. At closing, it topped the closing price of the SPAC with 255%, making it the best-performing de-SPAC on the Nasdaq so…
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