In a pivotal shift in the cryptocurrency landscape, the District of Columbia Court of Appeals has endorsed the development of bitcoin exchange-traded funds (ETFs). On Tuesday, the court ruled in favor of Grayscale against the U.S. Securities and Exchange Commission (SEC), which had previously denied Grayscale’s proposal to transform its Bitcoin Trust into an ETF....
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September 1, 2023September 1, 2023Investments
Legal Demand To Remove Trump From Ballot Filed In NH
Legal Demand to Remove Trump From Ballot Filed in NH; Proposes Public Hearings on Both Evidence and Procedure Legal Demand Filed To Remove Trump From Ballot WASHINGTON, D.C. (August 31, 2023) – A formal legal demand has been filed seeking to keep former president Donald Trump off the primary ballot in New Hampshire pursuant to...
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September 1, 2023September 1, 2023Investments
China’s Economic Stagnation May Be Ending
In his podcast addressing the markets today, Louis Navellier offered the following commentary. Persistent Inflation The Commerce Department on Thursday reported that the Fed’s favorite inflation indicator, namely the Personal Consumption Expenditure (PCE) index, rose 0.2% in July and 3.3% in the past 12 months. The core PCE, excluding food and energy, rose 0.2% in...
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September 1, 2023September 1, 2023Worldwide
Global growth is set to slow — but there are ‘pockets of resilience,’ Moody’s says
A global slowdown in growth and stickier inflation risks persist, but some pockets of resilience remain, said Moody’s Investors Service.
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September 1, 2023September 1, 2023Worldwide
China says drop in trade with the U.S. is ‘a direct consequence of U.S. moves’
China’s ambassador to the U.S., Xie Feng, has blamed U.S. tariffs and export controls for a drop in trade between the two countries.
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September 1, 2023September 1, 2023Worldwide
Asia markets higher as China cuts reserve requirement; Hong Kong halts trading as typhoon approaches
Asia-Pacific markets were largely higher as China’s factory activity expanded in August and traders look to a slew of other economic data in the region.
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September 1, 2023September 1, 2023Worldwide
September is the cruelest month for stocks. Pros share their trading tips — and what to buy
After a choppy August, September — a historically stormy month — may not be any better. The pros weigh in on how investors can trade in the month ahead.
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September 1, 2023September 1, 2023Worldwide
Philippines, Taiwan, Malaysia reject China’s latest South China Sea map
China released the map on Monday of its famous U-shaped line covering about 90% of the South China Sea, a source of many of the disputes in the contested waterways.
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Fintech giant Wise allowed Russia sanctions target to withdraw money, U.K. government says
An individual on the U.K.’s Russia sanctions list was allowed to make a withdrawal of £250 ($316.63) from a business account on Wise, a government body said.
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White House asks Congress for short-term funding to avoid government shutdown
The White House on Thursday asked Congress to pass a short-term measure to fund the federal government and avoid a shutdown at the end of September.