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Musk says Biden administration’s EV policy ‘controlled by unions’-Code Conference By Reuters

© Reuters. FILEPHOTO: SpaceX’s owner, Tesla CEO Elon, speaks to legendary game designer Todd Howard at the E3 gaming convention, Los Angeles, California (USA), June 13, 2019. REUTERS/Mike Blake/File Photo (Reuters) – Tesla (NASDAQ:) Inc Chief Executive Elon Musk said during a conference panel on Tuesday that U.S. President Joe Biden’s administration was not the […]

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Poised for Valuation Expansion By TipRanks

© Reuters. FedEx: Poised for Valuation Expansion FedEx (NYSE:) provides a broad portfolio of transportation, e-commerce, and business services through its various subsidiaries under the respected FedEx brand. FedEx Express and FedEx Ground are its core businesses. FedEx Freight and FedEx Services make up the remainder of the company. The company offers domestic and international […]

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Correction Presents Good Opportunity By TipRanks

© Reuters. Yum China Stock: Correction Presents Good Opportunity Yum China (YUMC) stock surged to its 52-week high of $69.67 on June 2. The stock saw some improvement. A recent announcement that the company’s adjusted operating profit is likely to be 50% to 60% lower in Q3 2021 accelerated the downside. The downward revision of […]

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Rising Bond Yields Fuel Wall Street Sell-off By TipRanks

© Reuters. Rising Bond Yields Fuel Wall Street Sell-off Rising Treasury bond yields around the world fueled a sell-off on Wall Street this week, as investors re-think valuations. The benchmark 10-year Treasury bond yield was slightly higher than 1.22% in September, but it traded just above 1.52% on Tuesday morning. The 10-year German Treasury Bond […]

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CFTC hits Kraken with $1.25M in fines over alleged illegal offering By Cointelegraph

CFTC hits Kraken with $1.25M in fines over alleged illegal offering The United States Commodity Futures Trading Commission, or CFTC, is ordering crypto exchange Kraken to pay more than a million dollars in civil monetary penalties related to allegations the exchange is violating the Commodity Exchange Act. In a Sept. 28 statement, the CFTC said […]

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Mexico’s decision to pull Bank Accendo’s license “an isolated incident”

© Reuters. FILE PHOTO. Gabriel Yorio (Mexico’s Deputy Financial Minister) is seen speaking with Reuters in Mexico City, Mexico on September 9, 2020. REUTERS/Henry Romero MEXICO CITY (Reuters) – Mexico’s Deputy Finance Minister Gabriel Yorio said on Tuesday that the revocation of the banking license of Bank Accendo was an isolated situation and did not […]

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Nine days after eruption, lava from La Palma volcano reaches ocean By Reuters

5/5 © Reuters. Following the eruption of the volcano at La Palma (Spain), September 28th 2021, lava is seen flowing towards Tazacorte from Tijarafe. REUTERS/Jon Nazca 2/5 By Miguel Pereira and Marco Trujillo LA PALMA, Spain (Reuters) – Red hot lava from a volcano that devastated the Spanish island of La Palma reached the Atlantic […]

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Stablecoin launch and NFT integration back COTI’s rise to a new all-time high By Cointelegraph

Stablecoin launch and NFT integration back COTI’s rise to a new all-time high The blockchain ecosystem has evolved significantly over the past decade as smart contract capabilities have moved the industry from being a simple medium of exchange to a bustling ecosystem full of decentralized finance (DeFi) and nonfungible tokens (NFT). One project that has […]

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Tesla CEO Elon Musk says U.S. government should avoid regulating crypto

Tesla CEO Elon Musk on Tuesday said the U.S. government should steer clear of trying to regulate the crypto market. Musk stated at the Code Conference, Beverly Hills, California, that while it was impossible to destroy crypto (I think), it is possible for governments slow down its progress. Musk answered a question by Kara Swisher […]

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Amplitude valued at $5 billion after shares jump in Nasdaq debut By Reuters

2/2 © Reuters. A screen announces Amplitude’s direct listing outside the Nasdaq Market in Times Square in New York City, U.S., September 28, 2021. REUTERS/Brendan McDermid 2/2 By Krystal Hu and Echo Wang (Reuters) -Shares of Amplitude Inc opened nearly 43% above their reference price in their Nasdaq debut on Tuesday, notching up a valuation […]