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Fed Chair Jerome Powell said that the FOMC is not thinking of rate cuts at all amid their continued fight against inflation. The FOMC members have hinted deceleration in economic growth during he fourth quarter this year. During their latest meeting, Federal Reserve (Fed) officials indicated a reluctance to reduce
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Wall Street financial expert Linda Jones recently offered a detailed forecast regarding the potential Initial Public Offering (IPO) of Ripple. Speaking at
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Following the release of the CPI report, Fed-funds futures pricing data indicated that rates are likely to remain steady at the next Federal Reserve policy meeting. In a remarkable turn of events, the stock market rallied strongly on Tuesday, adding to their impressive November gains. The surge was fueled by
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Datadog has further given an optimistic outlook for the entire year of 2023 while forecasting Q4 revenue between $564 million and $568 million. On Tuesday, November 7, cloud monitoring software firm Datadog Inc (NASDAQ: DDOG) reported stronger-than-expected results for Q3 2023 following which its stock price shot up by 28%,
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X9 Wallet is a new player in crypto. The wallet offers a fresh perspective on digital asset management, availing a tool for managing digital financial assets. It plans to redefine decentralized finance (defi), standing alongside other alternatives like Trust, SafePal, and Uniswap. Wall Street Pepe (WPEPE) is behind X9 Wallet’s approach to
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Etherfuse, a platform attempting to improve decentralized blockchain infrastructure, unveiled "Stablebond" at Solana’s breakpoint conference in Amsterdam, a tokenized bond offering, to retail investors in Mexico. The firm is targeting Mexico because it is the second-largest bond market in Latin America, after Brazil, according to the company's research. The market
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Amid the crypto crackdown, a BTC ETF, if approved, would open a new pathway for U.S.-based firms to get a piece of the crypto action – in a way that plays to their conventional strengths. Original Source
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Also, CME Group, owner of the Chicago Mercantile Exchange, is close to overtaking Binance as the largest crypto derivatives exchange in the world. (CME's product is a cash-settled futures contract, essentially a side bet on bitcoin's price; no BTC changes hands). In other words, a business with roots in the
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The Wall Street Journal (WSJ) has partially corrected an article whic mischaracterized the extent to which Hamas and other militant groups have been funding its terrorism activities with cryptocurrencies.The Oct. 10 article — titled “Hamas Militants Behind Israel Attack Raised Millions in Crypto” — cited blockchain forensics firm Elliptic to
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The recent work stoppage by the United Auto Workers (UAW) union impacted the company’s ability to meet its financial targets. On Thursday, October 26, Ford Motor Co (NYSE: F) reported its Q3 2023 earnings while missing Wall Street expectations. The company has been restructuring its operations and regrouping after the conclusion
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