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Warren Buffett has bought stakes in five Japanese trading firms, reports say. Buffett trimmed Berkshire Hathaway’s position in U.S. banks and built a position in Barrick Gold. Growing Japanese investments coincide with the Fed’s radical monetary policy change and the fading dollar. Berkshire Hathaway and Warren Buffett’s message has been clear. They lack
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The U.S. dollar index has declined to 92 points, as the greenback struggles to outperform other reserve currencies. The price of spot gold is benefiting from the fading dollar, rising to as high as $1,992 during the week’s peak. Some investment firms are not changing their pessimistic stance on the dollar, predicting
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The concentration of tech companies in the U.S. stock market has soared to a new high, surpassing dot-com era levels. Tech stocks surpassed the valuation of the entire European stock market. The tech sector still has firepower left as positive earnings and struggling offline businesses buoy investor sentiment. Tech stocks are showing no
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2 Metrics Soar to Dot-Com Era Levels: 3 Reasons S&P 500 Is in Trouble CCN.com - News and Op-Eds for The Next Generation Two key stocks metrics have soared to dot-com era levels, raising the risk of a broad pullback in the S&P 500 Index. 2 Metrics Soar to Dot-Com Era Levels:
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YFI, the native token of the Decentralized Finance (DeFi) giant yearn.finance, achieved a new all-time high. It soared by 30% in the last 12 hours from $14,017 to $18,169, entering price discovery.The price chart of yearn.finance’s YFI in the last two weeks. Source: TradingView.comThe term price discovery refers to when
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The U.S. stock market has been rallying over the past week in anticipation of Fed chair Jerome Powell’s speech. Despite fundamental bearishness in the markets, investors are not betting against the Fed, rising liquidity, and low-interest rates. The positive stance from the Fed coincides with declining daily virus cases in the U.S. The
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Bitcoin price is currently struggling to clear the $11,500 and $11,550 resistance levels against the US Dollar. BTC
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iPhone sales dropped by 0.4% year-over-year, while Samsung, Huawei, and other top brands recorded 5.8% to 27.8% drops. A stock split, expectations of a “supercycle,” and thriving iPhone sales could raise the chances of Apple reaching $3 trillion. The more affordable iPhone SE sees growing popularity in Asia, buoying investor sentiment around
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Ethereum is holding a crucial support zone near the $380 level against the US Dollar. ETH price seems
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After a rise over $9,500 Wednesday, bitcoin looks set to climb toward the psychological price hurdle of $10,000. Here's three reasons why. Source
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