Bitcoin Rally Pauses After Jumping to 3-Month High
Bitcoin eased after rising above $80,000 as the cryptocurrency's rally stalled in the absence of new positive catalysts.
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He once mentored Scott Bessent. Now Stanley Druckenmiller is criticizing the treasury secretary.
Treasury Secretary Scott Bessent's recent maneuvers in the bond market have come in for some searing criticism from illustrious investor Stanley Druckenmiller - his long-time ally and mentor.
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U.S. Consumer Sentiment Fell in August, Conference Board Says
The research group said its consumer confidence index fell to 89.4 from 90.2 in July as expectations for future business and labor market conditions became more pessimistic.
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Stocks Rise, Shrugging Off Mideast Tensions, Canada Trade Fight
U.S. stocks were pressing ahead, led by a rally in tech stocks.
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Regulators Probing Near-Collapse of Hedge Fund Situational Awareness
The SEC has sought information from banks that provided financing to supercharge the hedge fund's AI-centric bets.
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World Trade Flows Continue Recovery in June
World trade flows rose sharply in June, aided by the boom in artificial intelligence-related investment.
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Extreme Weather Is Hammering Europe's Summer Harvest, EU Says
Impacts on crops are widespread, ranging from modest declines in yields to severe harvest losses with crop failures likely in the worst-affected regions.
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German Economy Gets Upward Revision for Second Quarter on Resilient Exports
There was a noticeable upward revision to exports, rising 2.6% on quarter, though growth is set to slow in the months ahead.
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U.S. Home Price Growth Rose in June
The S&P Cotality Case-Shiller National Home Price Index rose 1.5% in the 12 months through June, compared with a 1.2% increase in May.
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Canada Wholesale Sales Estimated to Have Fallen 0.6% in July
Statistics Canada's early tally of wholesale receipts points to a 0.6% decline in sales in July from the month before. With a slight fall also expected in manufacturing trade, it points to some softening in the economy to start the third quarter.
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New Tanker Strike in Hormuz as Iran Vows Retaliation for U.S. Economic Offensive
The tanker was struck by an unknown projectile off the coast of Oman, the U.K. Maritime Trade Operations said.
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Oura and Dunkin' Get Ready to Join IPO Bonanza
Investors are sizing up the parade of new offerings expected in coming months.
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Trump Threatens 50% Tariff on Vehicles and Parts From Canada
The move, which would take effect in January, is the latest in the rapidly escalating trade war between the two neighbors.
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The World's Craziest Stock Market Has Turned Into a Fright Ride
A slow-motion collapse in South Korea's Kospi index erased $2.5 trillion in value, burning investors who bet on the AI boom.