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Ripple Acquires Crypto Infrastructure Startup in Its Second 2023 AcquisitionCryptocurrency company Ripple has announced its acquisition of Fortress Trust, a startup specializing in crypto infrastructure. While the terms of the deal were not disclosed,...
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August Sees Unpredicted Rise in Unemployment Rate to 3.8% Despite 187,000 Increase in PayrollsIn August 2023, the U.S. experienced a significant rise in its unemployment rate, indicating a slowdown in the job market as the summer drew to...
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Goldman Sachs Beats Earnings Estimates on Trading RevenueGoldman Sachs reported third-quarter profits and revenues that exceeded analysts' expectations due to robust trading revenue. While the bank's shares fell over 1% and are...
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Cryptocurrency Market Plunges Into A Bear Market As Binance Raises $500 Million For Web3 Investments.The world's largest cryptocurrency exchange, Binance, has announced the launch of its own venture capital fund. Earlier this week, Binance Labs, the company's venture arm,...
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As The Federal Reserve Restates Its Commitment To Reducing Inflation, The S&P 500 Rises For A Third Consecutive SessionStocks in the United States moved slightly higher on Wednesday as investors reviewed the latest minutes from the Federal Reserve. The Dow Jones Industrial Average...
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JPMorgan Chase’s Earnings Declined 28% After Building Reserves For Bad Loans, And The Bank Suspended Share Buybacks.JPMorgan Chase announced Thursday that its second-quarter profit slumped as it built a reserve for bad loans of $428 million and suspended share buybacks. Chairman and...
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