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ECB May Cut Ratessl If Inflation Drops

🇪🇺 🇪🇺 ECB’s Stournaras said Bank could cut rates if CPI drops under 3% by August 2024

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UK: Looks Like A Bleak Xmas

🇬🇧 🇬🇧 UK online sales in the Christmas trading season are expected to rise 2.7% from a year earlier according to Adobe Analytics. UK shoppers will spend 24.1 billion pounds ($29.6 billion) online in the Nov. 1 to Dec. 31 period. Adobe said UK consumers would also make more use of “Buy Now, Pay Later” (BNPL) services to spread the cost of gift buying

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Hyundai To Invest $1B In Flying Cars

🚨 🚨 Hyundai is making a big bet on the future of the advanced air mobility, investing around $1 billion in Supernal
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EVs: An $88 Trillion Prize

🚗 🚗 EV Market Surging Toward $57 Trillion: BloombergNEF forecasts the cumulative value of all forms of EV sales will hit $8.8 trillion by 2030 and $57 trillion by 2050 in its base case scenario. That jumps to over $88 trillion by the middle of the century….
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Bond Traders See 100 bps Of Rate Cuts

🚨 🚨 BREAKING: Bond Traders Are Betting For A Seventh Time On A Fed Shift To Rate Cuts. Nearly 100 basis points of Fed cuts priced in the swaps market

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Hedge Funds Are Flocking To US Equities

🚨 🚨 BREAKING: Hedge fund inflows into US equities the largest since June. buying largely in ETFs, single stocks saw outflows among Bank of America client. consumer discretionary the most bought sector
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Amazon Os Developing Olympus

🚨 🚨 BREAKING: Amazon is developing new conversational AI software as it seeks to catch up to OpenAI and Microsoft in selling such software to corporate customers. Amazon’s new large language model, codenamed Olympus, may also power new features in its online retail store, Alexa voice assistant on devices such as the Echo
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Stocks: HSBC Sees Double Digit Rally

🚨 🚨 BREAKING: Global equities are poised for a double-digit in 2024 if the Fed pivots its monetary policy and allows the economy to avoid a recession, according to HSBC Holdings Plc strategists
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Microsoft Climbs To Record

🚨 🚨 A rally in big tech drove stocks to their longest winning streak in two years. The S&P is approaching the key 4,400 mark. The Nasdaq 100 climbed almost 1%, with Microsoft Corp. rising to a record and cloud-software shares soaring
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