Author: Admin
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Oil Stages A Smart Rebound From Negative Oil Of Last Year
The energy market last spring was in the firm grip of panic as realization set in the oil market that space for excess crude storage was shrinking rapidly, CNN reported. Oil Stages A Smart Rebound From Negative Oil Of Last Year With the global economy battered by the pandemic, demand for oil went into a…
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Biden Administration Gears Up To Launch Two Small Businesses Relief Programs As PPP Winds Down
With the Paycheck Protection Program set to close, live-event businesses and restaurants would soon be able to apply for new programs, The New York Times reported. Biden Administration Gears Up To Launch Two Small Businesses Relief Programs As PPP Winds Down Two new programs aimed at providing relief to small businesses are being readied, one…
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Cryptocurrency Trading – A 24X7 High Stakes Game
If you are into trading cryptocurrency then you cannot afford to miss the action even on weekends, CNN reported. The unthinkable happened on Saturday night- bitcoin plunged steeply around 14% in less than an hour. The crash came after a week full of hype and hoopla in which it hit a record high of almost…
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Consumer Savings In The Pandemic Seen To Power Strong Economic Growth
With global consumer savings up $5.4 trillion since the coronavirus hit the world, a spending boom could well boost economic growth this year, CNN reported. Consumer Savings In The Pandemic Seen To Power Strong Economic Growth According to Moody’s Analytics, households had amassed excess savings, amounting to 6% of global GDP, by the end of…
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Reddit Gives Wall Street A Brief Scare
Early during 2021, amateur traders started backing stocks like GameStop (GME), AMC Entertainment (AMC) and BlackBerry (BB). These gains triggered great losses for hedge funds, which sparked rumours of a fall in share prices. Reddit Gives Wall Street A Brief Scare Global hedge funds saw returns of nearly 5% in the first quarter, the best…
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Meme Inspired Dogecoins To Soar In Value
From a meme to a cryptocurrency of high value, Dogecoins are the quirkiest digital assets out there. For a crypto currency which started as a joke, dogecoins in circulation are now valued at $50 billion, as the 5th most valuable cryptocurrency in the world, according to CoinMarketCap. This year alone, Dogecoins have risen more than…
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The US Stock Funds Oversee Billions Of Dollars Into The US Stock Funds Over Its Chinese Counterparts
Cameron Brandt, director of research at EPFR said in an interview on Friday that many investors think that short-term play in the country is ramping up versus China, along with signals that a more prudent take will be taken, especially during the second half of the year. The US Stock Funds Oversee Billions Of Dollars…
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Post-Pandemic Inflation Causing Price-Hikes In Every Sector In America
Ever since president Joe Biden announced a $1.9 trillion relief package for the Coronavirus last month, Wall Street has been fearing a potential inflation spike that could see prices soar. On Tuesday, the first signs started to appear. Post-Pandemic Inflation Causing Price-Hikes In Every Sector In America Consumer prices rose by 2.6% for March, as…
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Stock Futures Dip After Dow And S&P500 Hit Fresh Records
Major U.S. Stock indexes tied futures contracts traded lower early morning Monday, suggesting muted trading on Wall Street, Monday after hitting fresh records last week, CNBC reported. Stock Futures Dip After Dow And S&P500 Hit Fresh Records Dow futures lost 110 points, while contracts tied to the S&P 500 and Nasdaq 100 also saw mildly…
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Pandemic Motivated Americans To Savvy Upon Personal Finances
Contrary to popular perception the pandemic had not hit the personal finances of Americans nearly as hard as had been feared and not a few like Megan McClelland had seen a steady improvement in their finances and credit, a year down the line, USA Today reported. Pandemic Motivated Americans To Savvy Upon Personal Finances McClelland,…