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Oil prices regain ground as investors eye U.S. election fallout
Oil prices edged up on Thursday following a sell-off triggered by the U.S.
presidential election, as risks to oil supply from a Trump presidency and a
hurricane building in the Gulf Coast outweighed a stronger U.S. dollar and
higher inventories.
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Meta platforms' chief legal officer sells shares worth over $486k
Meta Platforms, Inc.'s (NASDAQ:META) Chief Legal Officer, Jennifer Newstead, has
sold a total of 905 shares of the company's Class A common stock at a price of
$537.72, amounting to over $486,636. The transaction took place on September 17,
2024, and was reported in a recent filing.
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Oil prices set to end week higher after US rate cut
Oil prices, which were little changed in early Asian trade on Friday, were on
track to end higher for a second straight week following a large cut in U.S.
interest rates and declining global stockpiles.
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Michael Saylor Makes 'Bitcoin Burger' Statement as BTC Rockets Over $63,000
Bitcoin, the largest cryptocurrency by market capitalization, extended its rise
since the week's start, surpassing the $63,000 mark. Bitcoin reached highs of
$63,526 in Thursday's session and is set to mark its third consecutive day of
gains since September.
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Dollar slips in choppy trading as traders grapple with Fed's giant rate cut
The U.S. dollar slipped in choppy trading on Wednesday as markets grappled with
the supersized 50 basis point interest rate cut, as well as the switch to an
easing monetary policy stance delivered by the Federal Reserve.
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Dollar slips after Fed, Sterling, Aussie, Norwegian crown outperform
The U.S. dollar dropped on Thursday after the Federal Reserve cut its interest
rate by 50 basis points and revised its monetary policy outlook, with sterling,
the Australian dollar and the Norwegian crown outperforming their peers.
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Oil market deficit seen temporarily supporting Brent prices in Q4 - Citi
Brent crude oil prices could be bolstered in the near-term by demand possibly
outstripping supply in the fourth quarter, according to analysts at Citi.
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