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Britain’s competition watchdog is to be given new post-Brexit powers to levy massive fines on companies that rip off consumers, speed up antitrust cases and protect innovative small companies from predatory rivals. Kwasi Kwarteng, business secretary, will next week propose streamlined and strengthened powers for the Competition and Markets Authority, intended to drive innovation and
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Sharing is Caring! by confoundedinterest17 The University of Michigan consumer survey was released this morning and revealed that their consumer sentiment index fell to 80.8 (the index was around 100 prior to the Covid outbreak in March 2020). Inflation expectations for the coming 12 months soared to 4.8%. UMi buying conditions for housing has collapsed (but
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Chicago is searching for a financial advisor to help assess development proposals as it looks to stake out a share of the casino gambling market with the promise of a roughly $200 million annual jackpot. The city launched a request for qualifications for an advisor July 14 to help evaluate proposals it receives from a
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The decentralized application aiming to connect Facebook’s Diem blockchain with public networks is partnering with node infrastructure provider Pinknode. In a Friday announcement, the Pontem Network said it would be working with Pinknode to provide node infrastructure through the Polkadot ecosystem. The network is aimed at allowing developers to use a Polkadot parachain as a
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Microsoft Corporation (MSFT) is bringing its ubiquitous operating system to the cloud. The company announced Windows 365, as the service is known, in a press release on Wednesday. Microsoft is framing Windows 365 as a new way of working in distributed environments where office employees have the freedom to work from anywhere. The company refers
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Vanessa Rivera (left), Azuri Moon (center), Candace Koole (right) all say their unemployment insurance was stolen from their accounts. Source: CNBC As millions of Americans received unemployment payments to get through the crisis, scammers developed a new way to steal cash directly from recipients’ accounts, according to an investigation by CNBC. When one single mother’s
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The Biden administration will on Friday warn US companies that they face serious and escalating risks operating in Hong Kong, as the Chinese government increasingly cracks down on freedoms in the financial hub. The US will issue a “business advisory” about threats ranging from China’s ability to gain access to corporate data stored on servers
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Target-date funds for the next generation of retirees have underperformed broader indexes over the last five years. They have also recorded significant outflows. The top-performing 2025 target-date funds, with at least $100 million in assets under management, notched an average five-year gain of roughly 11%, Morningstar Direct data show. Over the past year, the same
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Today, Square’s (SQ) co-founder, Jack Dorsey tweeted from his official Twitter handle that SQ is looking at creating a new business that will unify its Seller, Cash App, and Tidal businesses, and focus on “building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services.”
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Real estate investor, Founder/CEO of TurboTenant: rental marketing, tenant screening, rental applications, rent payments, and more. It’s no secret the rental industry has had multiple forces negatively impacting it over the last year. With the Centers for Disease Control and Prevention’s eviction moratorium, state eviction moratoriums, job loss and a lack of knowledge and access to
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Regulators from the CVM, the securities watchdog of Brazil, have approved the first Ethereum-based ETF in Latin America (Latam). The product, presented by blockchain investment company QR Asset, aims to simplify the task of getting Ether exposure for retail and institutional investors. It will be traded with the QETH11 ticker on the B3 stock exchange.
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Virginia closed out fiscal 2021 with an historic $2.6 billion surplus, the largest recorded in state history, Gov. Ralph Northam said Wednesday. Total revenue collections were up 14.5% over fiscal year 2020, according to preliminary figures, far ahead of the 2.7% growth that had been forecast. Total revenue collections hit $8.6 billion in the fourth
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The banks will own these bullion assets ahead of their customers, and the banks will do their best to… by Matthew Piepenburg via Gold Switzerland For informed investors who have successfully traversed the tired Bitcoin vs. Gold debate and recognized the critical importance of owning physical (as opposed to paper/ETF) gold as an obvious antidote to globally debased currencies and openly systemic financial
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Southwest Airlines Co. (NYSE: LUV) has grown from a tiny airline with three planes serving three Texas cities in 1971 to one that serves more than 100 destinations across the U.S., flying 4,000 flights a day. Moreover, Southwest has added 41 airports to its route network since 2010, and now serves 14 near-international destinations in 10
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