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FTX, the cryptocurrency derivatives exchange founded by Sam Bankman-Fried, has closed a $900 million funding round – highlighting once again that venture capitalists are shrugging off market turmoil in their quest to uncover quality blockchain plays. The Series B investment round had over 60 participants, including Softbank, Sequoia Capital, Coinbase Ventures, Multicoin, VanEck and the
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Afghanistan’s presidential palace in Kabul came under rocket attack on Tuesday as President Ashraf Ghani attended prayers for the Muslim festival of Eid-al-Adha. The assault came as the resurgent Taliban tightens its grip on the country with the US preparing to close its military mission to Afghanistan at the end of next month. The Islamist
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Check out the companies making headlines before the bell: Travelers – The insurance company earned $3.45 per share for its second quarter, easily beating the consensus estimate of $2.39. Revenue also topped forecasts, with Travelers benefiting from higher premiums, improved investment returns and lower catastrophe losses.  Nasdaq – Nasdaq shares rose 1% in the premarket after
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President Joe Biden said he believes the surge in U.S. inflation is temporary and that he has told Federal Reserve Chairman Jerome Powell that he respects the central bank’s independence. Biden said Monday at the White House that recent price increases are “temporary,” countering Republican arguments that the president’s economic spending plans would cause inflation
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Rising inflation has been cause for concern after the most recent June consumer price index reading increased 5.4% from a year earlier. This was the largest jump since August, 2008.  Investors therefore are seeking a hedge against inflation as speculation grows that this may be more than transitory. A sector investment into commodities, specifically a
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The gold miners’ stocks are still grinding sideways after last month’s Fed-rate-hike scare. This technical basing is… by Adam Hamilton of Zeal LLC The gold miners’ stocks are still grinding sideways after last month’s Fed-rate-hike scare.  This technical basing is laying the foundation for this interrupted gold-stock upleg to rebound.  Today’s low gold-stock prices relative
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China has challenged US-led accusations that Beijing was at the heart of a wave of global cyber attacks including an offensive against a Microsoft email application that affected tens of thousands of organisations. Diplomats across the EU, UK, Canada, Norway and New Zealand issued statements on Tuesday slamming the allegations as “groundless” and a “malicious
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A Santa Monica landmark dating to more than 100 years ago, the Henry Wyse/Charles Morris House designed by distinguished architect Robert D. Farquhar remains a stellar example of the Colonial Revival and Craftsman aesthetic. Following a four-year restoration and re-imaging, the transformed property now stands as a new luxury development that blends classic architecture with
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In this article 1060-HK Joe Tsai, co-founder and executive vice chairman, Alibaba Group. S3studio | Getty Images News | Getty Images Alibaba co-founder Joe Tsai is the mystery buyer behind a $157 million apartment deal in Manhattan’s most prestigious condo tower, according to people familiar with the deal. Tsai, who also owns the Brooklyn Nets
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Silver prices dropped sharply on Monday following a robust decline on Friday. The dollar edged higher, weighing on silver and generating headwinds for the entire precious metals complex.  U.S. Yields moved lower as investors moved into safe-haven assets.  The Home Builders index edged slightly lower, which paved the way for lower yields. Technical analysis Silver
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