Bitcoin and ether slide as China intensifies crypto crackdown
09/24/2021 9:04 AMBitcoin and ether tumbled Friday, with traders rattled by tough talk out of China. The price of bitcoin fell nearly 6% to $42,124.73, according to Coin Metrics data. Ether, the second-largest digital currency, dropped 8% to $2,894.36. It comes after the People’s Bank...
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Federal deficit hit $48.5B over first four months of fiscal year
09/24/2021 8:47 AMThe federal government ran a deficit of more than $48 billion over the first four months of its fiscal year, about $100 billion less than the treasury pumped out during the same period one year earlier. The Finance Department's regular fiscal monitor says the...
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Trump rips Bush for backing Cheney as Republican factions butt heads
09/23/2021 11:28 AMFormer President Trump is criticizing former President George W. Bush for backing Rep. Liz Cheney's (R-Wyo.) effort to keep her seat in what will likely be a hotly contested GOP primary. In a statement released late Wednesday through his Save America PAC, Trump...
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Oil Rises To Two-Month High As Inventories Fall
09/23/2021 10:12 AMOil prices rose on Thursday to their highest levels since late July after U.S. crude stocks dropped to their lowest in three years and the broader market received more clarity about the Fed’s next policy moves. As of 10:52 a.m. EDT on Thursday, WTI Crude traded above...
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You can now get paid in bitcoin to use Twitter
09/23/2021 9:39 AMTwitter on Thursday announced it will now allow users to tip their favorite creators on the social network using bitcoin. The company introduced tipping as a test feature back in May as a way to experiment with helping creators earn payments from their followers for...
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Canadian Job Vacancies Are Soaring Due To Stimulus, But Wage Growth Isn’t: BMO
09/23/2021 9:28 AMCanadian employers are making jobs faster than people can fill them. In two separate reports, BMO economists took a dive into rising job vacancies and wages in Q2 2021. They found job vacancies hit a new record high last quarter. A lack of labor doesn’t appear to have...
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Schachter’s Eye On Energy – September 22
09/22/2021 12:59 PMEach week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
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Federal Reserve Meeting Surprise: First Fed Rate Hike Could Come In 2022
09/22/2021 11:27 AMThe Federal Reserve on Wednesday held off on a final decision to start tapering asset purchases, but policymakers are evenly split over whether the cycle's first rate hike should come next year, not in 2023. The Dow Jones, up strongly before Wednesday's 2 p.m. policy...
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‘More spending, more deficits, more lacklustre GDP growth’: Reaction to election results
09/22/2021 11:01 AMIt’s a federal election that put Prime Minister Justin Trudeau right back where he started from: another minority government. With just one more seat for the Liberals after this election than the last one in 2019, a new cabinet is expected to be announced in the...
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Toast surges 63% in NYSE debut after IPO valued restaurant-tech company at $20 billion
09/22/2021 9:26 AMToast shares soared 63% in their New York Stock Exchange debut on Wednesday after the provider of technology to restaurants priced its IPO above its expected range. The company, whose products are used at more than 48,000 restaurant locations, raised about $870...
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