“Bond King” says US running its economy like there’s no tomorrow
08/26/2021 10:26 AMBillionaire investor Jeffrey Gundlach told Yahoo Finance in a video interview on Monday that the US is running its economy like it doesn't care if the dollar loses its global reserve currency status. The DoubleLine Capital founder and CEO reiterated his long-held view...
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Going for gold: European investors pour nearly $1bn into gold ETFs in July
08/26/2021 10:03 AMEuropean investors poured nearly $1bn into exchange traded funds that invest directly in gold in July, more than offsetting outflows from US funds and indicating the emergence of divergent views on inflation, the global economy and future direction of the precious...
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Take a bitcoin, leave a bitcoin: asset managers and companies accumulate 1.2M Bitcoin worth $57 billion
08/26/2021 9:36 AMAround 6% of Bitcoin’s circulating supply has been accumulated by asset managers and companies, signaling ever increasing mainstream and institutional adoption of crypto assets. According to Buy Bitcoin Worldwide, 816,379 BTC worth $40.1 billion is currently held by...
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Canada sees supply of main crops dropping 26% on drought impact
08/26/2021 9:22 AMCanada, the world’s biggest canola grower and a major wheat producer, forecasts a 26 per cent drop in supplies of its main crops as drought ravages output and inventories shrink. Grain and oilseed exports are expected to fall in the marketing year that started Aug. 1...
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“Directions to Alcatraz”: Waymo Launches Robotaxi Service in San Francisco
08/25/2021 10:46 AMWaymo, Google’s sister company, started offering robotaxi rides to people in San Francisco yesterday. These vehicles do drive themselves, but beware: There will be a safety driver at the wheel, and they will pitch you their app idea. SF becomes Waymo’s second market...
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The best journey takes you home: Trudeau vows two-year ban on foreign homebuyers if re-elected
08/25/2021 10:19 AMPrime Minister Justin Trudeau promised to introduce a two-year ban on foreign home buyers to tackle housing affordability in Canada if he’s re-elected. The proposed restriction is an attempt to cool a housing market that has soared during the Covid-19 pandemic....
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Richard Branson’s Virgin Orbit to go public via $3.2B SPAC deal
08/24/2021 9:05 AMVirgin Orbit is set to go public via a merger with a special purpose acquisitions company (SPAC), the company has confirmed. The deal values the combined enterprise at $3.2 billion, and will provide Virgin Orbit with $483 million in cash at close, including a $100...
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End of housing market on ‘steroids’ to hit growth: Macquarie
08/24/2021 8:43 AMMacquarie Group is warning the slowdown in Canadian housing activity may have a material impact on the country's economic growth. David Doyle, the head of North America economics and strategy at Macquarie, said in an interview Tuesday the decline in existing home...
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MoneyTalks Uncensored with Michael Campbell – Election Special this Saturday!
08/23/2021 10:49 AMWe hope you will join us as we start our new journey as a fully independent production. James Thorne joins Michael to analyze the financial and market implications of the federal election - and how it may impact your personal investments. Plus our regular commentators...
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Justin Sun Buys NFT of a Rock for More Than Half a Million Dollars
08/23/2021 10:10 AMActually, 31-year-old crypto mogul Justin Sun spent $611,710 to buy an EtherRock NFT yesterday. And he can’t even take it home and pet it. Because it’s literally just a Clipart of a rock. What’s going on: EtherRocks are one of the latest crazes in the world of NFTs...
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