Negotiators have circulated a revised version of the Senate crypto bill, indicating progress towards its potential passage. Senator Cynthia Lummis expressed confidence that senators have reached an agreement […]
Banks
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Fed’s Powell Warns of Higher Long-Term Rates Amid ‘Supply Shocks’
Federal Reserve Chair Jerome Powell stated that long-term interest rates are likely to rise due to economic changes and shifting policies. In a speech focusing on the central […]
Markets
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Retail Investors’ ‘Buy the Dip’ Strategy and Its Current Market Impact
The ‘buy-the-dip’ strategy employed by retail investors has proven successful. According to JPMorgan, this group of investors is now capitalizing on an 18% rally by taking their profits. […]
Technology
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Partial Outage at Colorado Air Traffic Control Facility
A partial outage occurred at an air traffic control facility in Colorado on Monday, according to the Federal Aviation Administration (FAA). The outage lasted approximately 90 seconds and […]
Technology
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Tesla Sold Leased Cars Instead of Using Them as ‘Robotaxis’
Tesla ended a policy in November that prohibited U.S. leasing customers from purchasing their leased cars at the end of the lease term. Originally, Tesla planned to use […]
Uncategorized
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UnitedHealth Under Criminal Investigation for Possible Medicare Fraud
UnitedHealth Group is currently under a criminal investigation for potential Medicare fraud, according to recent reports. This news has caused the company’s stock to fall significantly. The investigation, […]
Technology
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China Criticizes US Restrictions on Huawei’s Ascend Chips
China condemned new U.S. export control measures targeting Huawei Technologies’ Ascend advanced computer chips, escalating tensions amid a temporary trade truce. The U.S. Commerce Department stated that these […]
Technology
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Super Micro Stock Faces Pressure Amid High Short Interest
Super Micro Computer, Inc. (SMCI) was the most-shorted S&P 500 stock in April, contributing to recent share price declines. Despite a bullish note from an investment bank sparking […]
Real Estate
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Housing Market Affordability Crisis Deepens Amid Supply Constraints
The housing market continues to face affordability challenges post-pandemic, driven by low supply and high prices. Nationally, prices are 39% higher than pre-pandemic levels in March 2019. Although […]
Uncategorized
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UnitedHealth Group Faces DOJ Criminal Probe Over Medicare Fraud Allegations
Shares of UnitedHealth Group dropped over 18% following reports that the Department of Justice is conducting a criminal investigation into possible Medicare fraud within the company. The DOJ’s […]