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PayPal Enables U.S. Business Accounts to Buy, Hold and Sell Crypto
PayPal (PYPL) will let its business clients buy, hold and sell cryptocurrency directly from their accounts in the U.S., potentially opening up a larger market for the payments giant. Read more
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Greedflation Theory Debunked
The greedflation theory, which attributes inflation to corporate greed, has gained traction despite economists’ skepticism, who argue that inflation is more accurately driven by factors such as monetary policy, supply and demand dynamics, and central bank actions Read more
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Gold’s Record High
Gold prices have surged to unprecedented levels in 2024, with the precious metal reaching a record high of $2,659.41 per troy ounce as of September 25, marking a 28.70% increase since the start of the year. As reported by USA Today and Fortune, this dramatic rise reflects growing economic uncertainties and geopolitical tensions, prompting investors… Read more
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S&P 500 Hits Consecutive Highs
The S&P 500 closed at a record high for the second consecutive session, buoyed by investor optimism surrounding the Federal Reserve’s recent interest rate cuts and China’s aggressive economic stimulus measures. According to CNBC, the Dow Jones Industrial Average and Nasdaq Composite also reached new peaks, as market participants anticipate a favorable economic outlook and… Read more
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Bitcoin Rises to Test One Month High as Rate Cut Euphoria Fades
On Monday, Bitcoin traded just shy of its month-long high, extending last week’s gains in crypto and risk assets, including stocks, following the U.S. Federal Reserve’s rate hike decision. Read more
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Fed Fuels AI Boom
According to Business Insider, the Federal Reserve’s recent 50 basis point interest rate cut has ignited a surge in AI stocks, with tech giants like Nvidia, Broadcom, and ASML seeing significant gains as investors view the move as a bullish signal for the technology sector’s growth into 2025. Read more
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The Fed’s Big Rate Cut
The Federal Reserve cut interest rates by 50 basis points today, signaling the start of anticipated rate reductions in 2024. This shift in monetary policy is driven by cooling inflation and a slowdown in economic growth. As a result, mortgage rates are projected to decline, with expectations that they could fall below 6% by the… Read more
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MicroStrategy’s Billion-Dollar Bitcoin Buy
According to Bloomberg, MicroStrategy Inc. has expanded its Bitcoin holdings by purchasing an additional 18,300 Bitcoin for approximately $1.11 billion, further solidifying its position as a major institutional investor in the cryptocurrency. Read more
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Why Is the Crypto Market Up Today?
The total crypto market cap (TOTAL) has been consistently recovering over the last few days, currently breaching a key barrier. Bitcoin’s (BTC) price is on the same path, inching closer to $59,000. Among the altcoins, SUI emerged as the leader, rising by 11.56%. Read more
