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  • Dow Futures Tick Higher After Indices Post Their Worst Week Since June

    Dow Futures Tick Higher After Indices Post Their Worst Week Since June0

    US. stock futures were trading slightly higher during Sunday’s evening deals, after major benchmark indices posted their greatest weekly losses in 3 months, with investors remaining cautious amid persistent inflation fears ahead of Federal Reserve’s two-day meeting and rate decision later this week. By 19:10 ET (23:10 GMT) Dow Jones Futures and S&P 500 Futures

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  • Will Mining Die With Ethereum 2.0?

    Will Mining Die With Ethereum 2.0?0

    The crypto community is celebrating the coming of Ethereum 2.0, however, there are also concerns for miners. Since Ethereum has switched to a proof-of-stake model, mining Ether will no longer be necessary. Due to this, mining machinery will become obsolete, leaving miners with fewer options. KEY TAKEAWAYS Ethereum merge is the transition from proof-of-work consensus

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  • Oil prices and financial markets brace for recession

    Oil prices and financial markets brace for recession0

    The apparent contradiction between the real economy and financial markets has puzzled some commentators but is normal around a peak in the business cycle. U.S. economic data remains strong but a range of financial indicators point to a sharp slowdown over the next year that would dampen oil consumption and lead to lower prices. financial

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  • California to Tax Biden’s Student Loan Forgiveness

    California to Tax Biden’s Student Loan Forgiveness0

    What makes California’s decision somewhat surprising is that even though its existing statutes indicate taxability for student loan forgiveness, state consensus previously ran in the opposite direction. Nevertheless, according to the Tax Foundation, it has confirmed that discharged student loan debt will be taxed under current California law. Additionally, existing state provisions exempting student loans

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  • What to Expect in the Markets Next Week

    What to Expect in the Markets Next Week0

    U.S. equity markets rose for a third straight day on Friday, snapping a three-week losing streak for the major averages. It was a broad-based advance, with all but six of the Dow’s constituents posting gains. For the week, the Dow closed 2.7% higher, the S&P 500 added 3.7%, while the Nasdaq gained over 4%. Treasury

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  • Asia FX Sees Little Relief as Dollar Rally Pauses; ECB in Focus

    Asia FX Sees Little Relief as Dollar Rally Pauses; ECB in Focus0

    Most Asian currencies moved in a flat-to-low range on Thursday as the dollar came off 20-year highs, with focus turning to an upcoming European Central Bank meeting for more cues on global monetary policy tightening. for more cues on global monetary policy tightening. for more cues on global monetary policy tightening. China’s yuan and the

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