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CFTC chair signals clearer rules for prediction markets, lawful innovation
invezz14d ago

CFTC chair signals clearer rules for prediction markets, lawful innovation

The Commodity Futures Trading Commission will draft clear standards for prediction markets and withdraw proposals that would prohibit political and sports-related event contracts, Chair Michael S. Selig said Thursday. The move aims to end uncertainty and signal support for “lawful innovation” in event-based trading. “Despite their history, many view them [prediction markets], as novel or [...]

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ECOWAS bloc hits 4.6% growth amid global economic headwinds — President
vanguardngr14d ago

ECOWAS bloc hits 4.6% growth amid global economic headwinds — President

ECOWAS President Dr Omar Touray says the bloc recorded 4.6 per cent economic growth in 2025, in spite of global economic challenges, and envisages 5 per cent growth in 2026.The post ECOWAS bloc hits 4.6% growth amid global economic headwinds — President appeared first on Vanguard News.

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Thai central bank flags gold trade curbs, plays down impact of US monitoring list
channelnewsasia14d ago

Thai central bank flags gold trade curbs, plays down impact of US monitoring list

BANGKOK, Jan 30 : Thailand's new rules to curb online gold trading were designed to help weaken the baht, the country's central bank said on Friday as it downplayed any impact from the United States adding Thailand to its currency manipulation monitoring list.The central bank has blamed gold trading for drivi

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Budget 2026 may assume 10-10.5% nominal GDP growth, say economists
cnbctv1814d ago

Budget 2026 may assume 10-10.5% nominal GDP growth, say economists

Vishrut Rana, Asia-Pacific economist at S&P Global Ratings, and Kanika Pasricha, Chief Economic Advisor at Union Bank of India, discussed the drivers of India’s potential growth, now pegged at 7%, including demographics and upskilling. However, they said the Reserve Bank of India’s policy decisions will continue to be driven primarily by inflation targets rather than growth metrics.

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Exxon Mobil reports strong quarterly profit on solid production at home and abroad
devdiscourse14d ago

Exxon Mobil reports strong quarterly profit on solid production at home and abroad

Exxon Mobils topped most expectations in the fourth quarter as the energy giant reported solid production in the Permian Basin and Guyana For the three months ended December 31 Exxon earned USD 65 billion or USD 153 per share It earned USD 761 billion or USD 172 per share a year earlier Excluding one time charges and benefits earnings were USD 171 per share topping the USD 168 per share that Wall Street was calling for according to a poll by Zacks Investment Research Exxon does not adjust its reported results based on one-time events such as asset sales Revenue totaled USD 8231 billion which was below the USD 8318 billion that analysts expected Fourth-quarter net production was 5 million oil-equivalent barrels per day Thats up slightly from 47 million oil-equivalent barrels per day in the third quarter The quarterly performance included 18 million oil-equivalent barrels per day in the Permian and Guyana approaching 875000 gross barrels per day Exxons stock dropped more than 2 per cent before the market opened Friday Earlier this month President Donald Trump said that he is inclined to keep Exxon Mobil out of Venezuela after its top executive was sceptical about oil investment efforts in the country after the toppling of former President Nicols Maduro Getting US oil companies to invest in Venezuela and help rebuild the countrys infrastructure is a top priority of the Trump administration after Maduros capture

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Apple, Verizon And 3 Stocks To Watch Heading Into Friday
benzinga14d ago

Apple, Verizon And 3 Stocks To Watch Heading Into Friday

With U.S. stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows:Wall Street expects Verizon Communications Inc. (NYSE:VZ) to report quarterly earnings at $1.05 per share on revenue of $36.06 billion before the opening bell, according to data from Benzinga Pro. Verizon shares rose 0.2% to $39.87 in after-hours trading.SanDisk Corp. (NASDAQ:SNDK) posted upbeat results for its second quarter on Thursday. SanDisk also guided third-quarter revenue of $4.4 billion to $4.8 billion, with non-GAAP diluted earnings per share of $12 to $14. In a separate press release, the company also announced the ...Full story available on Benzinga.com

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Bitcoin Price Drop: Hayes Reveals Alarming Connection to Shrinking Dollar Liquidity
bitcoinworld14d ago

Bitcoin Price Drop: Hayes Reveals Alarming Connection to Shrinking Dollar Liquidity

BitcoinWorldBitcoin Price Drop: Hayes Reveals Alarming Connection to Shrinking Dollar LiquidityOctober 2024 — The cryptocurrency market experienced a significant tremor this week as Bitcoin’s value retreated from recent highs. Consequently, market participants scrambled for explanations. Notably, BitMEX co-founder Arthur Hayes provided a compelling, macro-economic rationale. He directly attributed the Bitcoin price drop to a sharp contraction in U.S. dollar liquidity. This analysis shifts the focus [...]This post Bitcoin Price Drop: Hayes Reveals Alarming Connection to Shrinking Dollar Liquidity first appeared on BitcoinWorld.

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