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Socios fan tokens rally 40%+ after Chiliz rolls out mainnet upgrade and token burn plan
In times of high stress and market turmoil, sports entertainment has served as a valuable escape for people around the world as they get a chance to root for their favorite players and teams while briefly forgetting about the worries of the world. Amid the ongoing market volatility and falling crypto prices, sports fans have…
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Melvin Capital says it’s winding down funds and returning money to investors during market turmoil
Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Images Melvin Capital Management, the hedge fund burned by the GameStop mania, said it will unwind its funds and return cash to investors as…
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Tough questions await SEC Chair Gensler as he seeks funding for his regulatory agenda
Gary Gensler, Chair of the U.S. Securities and Exchange Commission, takes his seat before the start of the Senate Banking, Housing, and Urban Affairs Committee hearing on Oversight of the U.S. Securities and Exchange Commission on Tuesday, Sept. 14, 2021. Bill Clark | CQ-Roll Call, Inc. | Getty Images SEC Chair Gary Gensler is testifying…
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Stocks making the biggest moves after hours: Cisco, Bath & Body Works, Synopsys
In this article BBWI SNPS CSCO A man passes under a Cisco logo at the Mobile World Congress in Barcelona, Spain February 25, 2019. Sergio Perez | Reuters Check out the companies making headlines after the bell: Cisco Systems — Shares of the networking company sank nearly 13% after hours as the company forecasted a…
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See Inside A Modern Los Angeles Compound Featuring Invader Street Art
Luxury interior architecture is often designed with art in mind—blank spans of wall for large paintings, open spaces for sculpture. Less common, however, are homes that also display prized pieces of art on their exterior facade, such as this recently listed modern Venice masterpiece. Sitting a few blocks away from the beach, the 3,400-square-foot contemporary…
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Scared of getting a mortgage? A strategist reveals the 1990s gadget that gives her cause to be optimistic
Historic row houses in Colombia Heights neighborhood of Washington DC, USA amedved | iStock | Getty Images One strategist has told CNBC why she thinks it’s still a “relatively good environment” to borrow money, including mortgages, despite rising interest rates. Kristina Hooper, chief global market strategist at Invesco, told CNBC’s “Squawk Box Europe” on Friday…
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Stock Basics: 3 Different Types of Stock
The majority of stock is common stock, but there are two other types as well. 1.Common -Traded by the general public (i.e. on NYSE, NASDAQ, Dow Jones) -Executed quickly 2. Preferred -You either have to pay more to get it or you have to be part of the company to get it -If the company…
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Munis mixed as Ill., NYC price; ICI reports largest outflows of 2022
Municipals were mixed in secondary trading as large general obligation bond offerings from Illinois and New York City took the focus and saw yields lowered in repricings. U.S. Treasuries were better in a risk-off rally with the biggest gains 10 years and out while equities saw massive losses. Municipal to UST ratios rose further on…
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Buy Ferrari Stock After Scuderia-Velas NFT deal?
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Higher fuel costs mean bigger losses for PREPA
The Puerto Rico Electric Power Authority appears set to lose $169 million or more over the course of a quarter of a year as higher fuel prices have cause it to use nearly half of it’s annual budget for fuel in just three months. Given the authority’s losses, “there does not appear to be any…
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UK inflation hits 40-year high of 9%
UK inflation hit 9 per cent in April, its highest level in over 40 years, after soaring gas and electricity bills intensified the cost of living crisis facing households. The rate of consumer price inflation was close to economists’ expectations and is almost double the rate the Bank of England expected only six months ago.…
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Paramount shares jump 15% after Buffett’s Berkshire reveals new stake
In this article BRK.A PARA In this photo illustration, Paramount+ (Paramount Plus) logo is seen on a smartphone against its website in the background. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of Paramount Global jumped Tuesday after Warren Buffett’s Berkshire Hathaway revealed a new stake in the media company. The stock…
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Natural gas prices have already doubled this year. A hot summer could push them even higher
Workers operate a drilling rig for an EBR Energy LP natural gas well near Columbus, Texas. Scott Dalton | Bloomberg | Getty Images U.S. natural gas prices more than doubled since the start of the year, and this summer’s air conditioning season could send them soaring by at least another 25%. In the futures market,…
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Art Gives Potential, Personalized Wellness Boost To Home Interiors
Art is a $50.1 billion global market, with the U.S. being the largest player at 42% of total sales value. But art is more than a market or investment vehicle. Works of art can be creative expressions for their creators, or a source of joy and inspiration for their consumers; sometimes those are the same…
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How to sidestep a tax bomb when selling your home
SDI Productions With soaring prices and record home equity, you may expect a profit from selling your property. But the windfall may trigger an unexpected tax bill next April. While home profits dipped slightly, the typical single-family seller still scored a $103,000 gross profit during the first quarter of 2022, according to ATTOM, a nationwide…
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Analysts note parallels with March 2020: Will this time be different?
Analysts in both crypto and traditional markets have noted some startling similarities between the recent downturn and the one caused by a pandemic panic in March, 2020. The real question is whether it’s the start of a larger downturn or if there will be a significant bounce-back as in 2020 that led to an extended…
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How “Groupthink” Affects Your Stock Trading Decisions
We’re going to cover the concept of “groupthink” and how it applies to your stock trading market decision. You’ll learn why it is important to focus on psychology when it comes to trading. How market behaves and moves is easy to understand if you know how people think. #tradingstocks #groupthink #stockcharts #investingdecisions #tradingdecisions Posted at:…
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St. Louis County to price convention center bonds after a long delay
St. Louis County, Missouri, takes competitive bids Wednesday on $114 million of special obligation bonds that will provide its long-stalled share of public financing for the expansion and renovation of the downtown convention center. The bonds mature from 2034 to 2047. Columbia Capital Management LLC is advising the county. The bonds are rated AA rating…
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Can J.C. Penney survive?
J.C. Penney Company (JCP) is one of America’s oldest retailers but it’s hit a rough patch the last few years. Tracey Ryniec and David Bartosiak, Stock Strategists at Zacks Investment Research, discuss whether the company is in a turnaround and if it will survive. J.C. Penney has had a management problem for several years. New…
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NEAR developers to get seamless Web3 app deployment with Pocket Network
Pocket Network, a relay infrastructure middleware protocol, announced a service integration to improve the network bandwidth of NEAR blockchain while enabling faster deployment times for Web3 developers. According to Pocket Network, the latest integration with NEAR allows native developers to deploy their applications on other supported blockchains, including Ethereum, Solana, Fuse, Avalanche, Harmony and Polygon.…
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