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German Unemployment Rises More Than Forecast

Joblessness in German grew more than expected in June and the unemployment rate edged up, preliminary figures from the Federal Labor Agency showed Friday. The seasonally adjusted unemployment grew by 19,000 persons in June following a 25,000 increase in May. Economists had forecast a rise of 15,000. The jobless rate rose to 6.0 percent after...

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U.S. Dollar Slides After PCE Inflation Data

The U.S. dollar declined against its major counterparts in the New York session on Friday, as PCE inflation data came in line with economist estimates in May. The personal consumption expenditures (PCE) price index came in unchanged in May after rising by 0.3 percent in April. The unchanged reading matched expectations. The core PCE price...

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Canadian Stocks Turning In Mixed Performance

Canadian stocks are turning in a mixed performance on Friday with investors digesting the nation\'s GDP data, and the Personal Consumption Expenditure report from the U.S. The benchmark S&P/TSX Composite Index is down 19.51 points or 0.09% 21,922.65 about a quarter past noon. The index touched a high of 22,050.29 earlier in the session. Kinaxis...

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Bitcoin Price Prediction as ETFs See Surprise Inflows – Are Whales Accumulating BTC?

Bitcoin (BTC) has struggled to halt its losing streak, trading around the $60,750 level and reaching an intra-day low of $60,752. This recent decline in Bitcoin’s price can be attributed to several factors, including significant BTC transfers by the German government and ongoing regulatory challenges faced by major crypto exchanges. Despite these pressures, recent surprise...

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Bitcoin Mining Firm CleanSpark Acquires GRIID in $155M Stock Deal

Bitcoin miner CleanSpark Inc. has officially entered into a merger agreement with GRIID Infrastructure Inc., acquiring GRIID in an all-stock transaction valued at $155 million. The merger is expected to improve CleanSpark’s capabilities through an exclusive hosting agreement available through GRIID. As part of the agreement, 20 megawatts will be allocated to CleanSpark immediately, increasing...

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Bitcoin Price Prediction: BTC Surge to $61.5K: Rally on Rate Cut Hopes, Trump Debate Win

Bitcoin (BTC) recently halted its losing streak and gained mild bullish traction around $61,500, reaching an intraday high of $62,150, suggesting chances of a bullish Bitcoin price prediction. This upward trend is linked to softer US macroeconomic data, which increased speculation about an impending Federal Reserve rate-cutting cycle this year, prompting a short-covering rally in...

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