Hints and tips:
...The government has allowed the lira to tumble 24 per cent since the start of June as it curtailed a costly attempt to support the currency....
...About 24 per cent of Marathon’s shares are out on loan — a strong indicator of short interest, according to S&P Global Market Intelligence....
...The decision also marks a U-turn by the SEC. The regulator resisted spot bitcoin ETFs for nearly a decade on the grounds that cryptocurrencies were susceptible to manipulation and fraud....
...exchange FTX and the SALT thought leadership forum, founded by Anthony Scaramucci’s SkyBridge Capital, Crypto Bahamas featured guests ranging from former US president Bill Clinton and ex-prime minister of the U.K...
...The pair are among a group of investors buying a 24 per cent stake in Formula One team Alpine, the Renault-backed racing franchise, though it’s unclear how much money the two actors are actually putting...
...A: 450 According to Morningstar, what percentage of US large-cap equity active managers beat their passive benchmark during 2023?...
...Ruto has shrugged off currency woes and promised to avoid a debt default....
...Already 800 people have bought tickets, which now cost $450,000....
...A sweeping package of £55bn of tax rises and spending cuts announced on Thursday had been broadly anticipated by financial markets, which had already been reassured by the comprehensive U-turn signalled...
...“Markets are reacting positively to the possibility of another U-turn on the Budget,” said Athanasios Vamvakidis, a currency strategist at Bank of America....
...Asian currencies such as South Korea’s won should also benefit as exports to China pick up, as should Thailand’s baht as Chinese tourists begin to travel again....
...Celsius’s halt to withdrawals early on Monday was also a U-turn after it had spent several days rebutting accusations that customers could not make withdrawals....
...Truss, who had taken a hard line just 24 hours earlier, was wobbling....
...The overpowering strength of the dollar is forcing other central banks to hike aggressively to prevent currency depreciation and worsening inflation....
...Sterling slumped more than 2 per cent against the dollar to $1.24, its weakest level since June 2020....
...The debate within Japan on the depreciating currency has become increasingly fierce....
...signed a decree recognizing two breakaway Ukrainian territories, the European Union, the U.K., and the U.S. bought a combined 3.5 million barrels of Russian oil and refined products, worth more than $350...
...At last count, the business had $2.25bn of bitcoin on its balance sheet, purchased at an average price $24,450 per coin, according to a Tuesday SEC filing....
...Virtual currency “is not a real currency” and “should not and cannot be used as currency in the market”, the PBoC said in a statement. It referred to a recent surge in prices as “speculation”....
...Bitcoin tumbled as much as 30 per cent to a low of $30,101, before clawing back its losses to less than 8 per cent....
...It’s Adam Smith 101. Aspects of this idea have been pushed by various technologists and policymakers for some time....
...Larsen and his wife netted at least $450 million USD from those sales....
...In the UK, we have never had such a poor record, including abrupt U-turns, in macroeconomic management....
...Our fundamental DCF valuation based on our revised forecasts is only increased +19% to €120/share (from €101/share)....
...At this juncture of the pandemic, market debate leans more towards a slow recovery, dubbed a U or a W, rather than a V-shape rebound....
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