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Banking

“Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says”

“…Cutting interest rates too soon could threaten Europe’s progress in battling the inflation that has ravaged the economy, the head of the European Central Bank said Wednesday amid widespread speculation that the bank soon will lower rates from record highs. Christine… Continue Reading…

Business

“Burger King owner will buy out its biggest franchisee in US for about $1 billion”

“The parent company of Burger King is buying out its biggest franchisee in the U.S. for about $1 billion and will renovate hundreds of its locations. Restaurant Brands International Inc. will acquire all of the issued and outstanding shares of… Continue Reading…

Economy

“$6 Trillion in Taxes Are at Stake in This Year’s Elections”

https://www.wsj.com/politics/policy/6-trillion-in-taxes-are-at-stake-in-this-years-elections-ee4353ed This article is behind a pay wall but let me guess. Republicans want tax cuts and Democrats don’t. As for the “powers that be” They see Donald Trump winning the election. “U.S. executives in Davos see a Trump victory… Continue Reading…

Cryptocurrencies

“Crypto bulls see bitcoin flying above $100,000 after ETF approval”

“Cryptocurrency bulls say bitcoin could surge to more than $100,000 this year after the U.S. Securities and Exchange Commission made a pivotal step to approve the first-ever U.S. spot bitcoin exchange-traded fund… Tim Draper, founder of Draper Associates, believes the… Continue Reading…

Cryptocurrencies, Stocks

“The SEC just approved spot bitcoin ETFs. Here’s what investors should know.”

“…ETFs are pooled investments, like a mutual fund, but that trade on stock exchanges like a stock or bond and that track a specific index, sector or asset class. A spot bitcoin ETF allows investors to gain direct exposure to… Continue Reading…

Banking

“Bank of America Profit’s Fell More Than 50% on One-Time Charges”

“Bank of America is out with its fourth-quarter earnings this morning. The bank said earnings would have been better if not for the one-time items. The drop in earnings is largely because of one-time items that investors already expected…” https://finance.yahoo.com/m/2299c302-d37c-3fa6-84cd-85f2e719c1e6/bank-of-america-profit-s-fell.html… Continue Reading…

Economy

“From housing to energy to food, US inflation picks up…”

“…Thursday’s report from the Labor Department showed that overall prices rose 0.3% from November and 3.4% from 12 months earlier. Those gains exceeded the previous 0.1% monthly rise and the 3.1% annual inflation in November and were slightly above economists’… Continue Reading…

Stocks

“Why UiPath Jumped 25.7% in December”

“…For the third quarter, UiPath grew revenue by 24% to $324 million, with adjusted (non-GAAP) earnings per share of $0.12, both figures beating out analyst expectations. The enterprise software-as-a-service sector has gone into a bit of a slowdown since the inflationary surge… Continue Reading…

Stocks

“1 Surprising Artificial Intelligence (AI) Stock to Buy Before It Grows 2,139%, According to Cathie Wood’s Ark Invest”

“…Zoom Video Communications (NASDAQ: ZM) has built out several AI features to help remote workers — everyone from salespeople to software engineers — use their time more effectively. And Ark Invest thinks Zoom’s AI-related products and services could provide a massive boost… Continue Reading…