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Oil prices fell on Wednesday after U.S. inventory data showed gasoline and distillate stocks grew strongly for a second week, while crude stocks also rose. In early afternoon trade, Nymex WTI, which had been more than 1% higher earlier, fell back to ...

American banks are generating profits out of thin air by exploiting an emergency funding program created by the Federal Reserve after the 2023 Silicon Valley Bank crisis. A recent Wall Street Journal article by David Benoit and Eric Wallerstein sheds ...

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Amazon.Com, Inc (NASDAQ: AMZN) stock is trading higher amid reports of the company implementing significant layoffs at Prime Video and Amazon MGM Studios, affecting "several hundred" employees.  Mike Hopkins, the head of Amazon's entertainment ...

U.S. Rep. Laurel Lee (R-Fla.) is being called out on social media for a recent stock position she disclosed in the Chinese company Alibaba Group Holding (NYSE:BABA). Trading activity by members of Congress continues to be a hot button topic thanks to ...

Cruise operators were the good news travel stocks of 2023 as holidaymakers put to rest the hardships of the Covid pandemic and climbed back aboard. Now in early 2024, it appears the airline stocks are here to join them. Among the best performing ...

As the economy evolves in 2024, the materials sector might witness a turnaround, boosted by robust supply-demand dynamics. While the sector had a sluggish performance in 2023 amid recession concerns, it could see a positive shift this year. Fidelity, ...

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Steve Eisman, the star investor portrayed by Steve Carell in “The Big Short,” slapped down talk of the dollar losing reserve currency status.  What happened: In a CNBC interview, Eisman dismissed the idea of the growing U.S. sovereign debt being a ...

The false start on a spot Bitcoin exchange-traded fund (ETF) caused by the hack of the Securities and Exchange Commission's (SEC) X (formerly Twitter) account has analysts and traders wondering whether the anticipated Wednesday decision could be ...

A whirlwind of speculation and conflicting information surrounded the potential approval of a spot Bitcoin (CRYPTO: BTC) ETF this week, ultimately culminating in a muted market reaction that has analysts questioning the potential impact of this ...

2024 is shaping up to be the year that crypto finally goes mainstream. Macro conditions look good for risk assets, and analysts are even pointing to the potential for a generational bull market to occur, should the ETF approval go ahead as planned in ...

The pivotal economic event of the week is the release of the December inflation report, which holds crucial information for the Federal Reserve’s decision-making during its meetings in the first quarter of 2024. While no interest rate changes are ...

eesee, an innovative one-stop liquidity solution and gamified marketplace for sellers, has announced the successful closing of its $2.85 million fundraise. The raise included a $1.1 million seed round and a $1.75 million private round, with ...

In a week’s time, China is expected to report that its population fell for a second-consecutive year as post-lockdown Covid deaths spiked and low birth rates continued. The data are expected to show that for the first time in more than 60 years, ...

Crypto MicroStrategy's Bitcoin Paper Gains Swell To $840M In 2024 Dogecoin Sees $2.4M In Liquidations Amid Rumor Of Mascot's Death Apple Boots Binance, Others From App Store in India After Government Crack Down Gensler's 'SEC Twitter Account Was ...

JPMorgan Chase & Co. (NYSE: JPM) is expected to release earnings results for its fourth quarter, before the opening bell on Jan. 12, 2023. Analysts expect the company to report quarterly earnings at $3.40 per share on revenue of $39.77 billion, ...

The market mood may continue to be lackluster, with index futures indicating a mixed opening on Wednesday. The potential approval of a spot Bitcoin (CRYPTO: BTC) exchange-traded fund is the major event traders are likely anticipating, and a green ...

Michigan, a pivotal swing state, appears poised to favor Donald Trump over President Joe Biden, despite recent reports suggesting Trump personally called state election officials in 2020, urging them not to certify Biden’s victory. Trump Leads in ...

Elon Musk's X has issued a statement confirming the compromise of the Securities and Exchange Commission’s X account.  What Happened: “We can confirm that the account @SECGov was compromised and we have completed a preliminary investigation,” stated ...