Month: May 2022

Australia: Get Ready For More Rate Hikes

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🇦🇺 🇦🇺 Australia Unemployment Falls to Lowest Since ‘74 in Boost for PM
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JPM’s Kolanovic Remains Bullish

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🚨 🚨 JP Morgan’s Kolanovic Says Stocks ‘Can Climb Out of This Hole’
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Home Depot’s Customers Have Fixed Rate Mortgages

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🚨 🚨 Home Depot: 93% of its customers with mortgages have fixed rates
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The U.S. Consumer Is Pulling Back

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🚨 🚨 Analysts and investors didn’t anticipate that Walmart and Target would take such a massive hit to their profits
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Twitter: Your Global ATM

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Luna: $3B Of Bitcoin Was Sold

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🫗🫗 Luna Foundation Guard said it spent almost all of the bitcoin in its reserve last week in a futile attempt to save terraUSD. TerraUSD — or UST, for short — has fallen well below its intended $1 peg. By Monday, it was trading at just 9 cents
As of Monday, Luna Foundation Guard had just 313 bitcoins left in its reserve, worth approximately $9.3 million. The firm said it would use the remainder of its $85 million in crypto assets — including some BNB and avalanche — to “compensate remaining users” of UST
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Luxury: Make 49% In 12 Months

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🚨 🚨 Luxury Goods: The Biggest Luxury Conglomerate Has An Upside Potential Of 49 percent
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China: Underground Bitcoin Mining Is Back

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🇨🇳 🇨🇳 Bitcoin production has roared back in China thanks to an underground mining scene
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Goldman Turns Bullish On Credit Card Companies

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🚨 🚨 Goldman says Visa and Mastercard can rally more than 30% as they navigate surging inflation

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