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Meta plans to take a nearly 50% cut on NFT sales in its metaverse
Facebook on Thursday announced that it is opening up Horizon World, its virtual reality world of avatars, to anyone 18 and older in the U.S. and Canada. Courtesy of Meta Facebook-parent Meta is planning to take a cut of up to 47.5% on the sale of digital assets on its virtual reality platform Horizon Worlds, […]
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CNBC Pro Talks: Tesla vs. Nio? Amazon vs. Alibaba? Investor Sid Choraria picks his favorites
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Will Koulouris spoke to Sid Choraria, senior portfolio manager of Gordian Capital. Choraria picked his favorite stocks in head-to-head matchups between Tesla vs. Nio, Amazon vs. Alibaba, Meta vs. Tencent and more. He also shared the stocks he thinks will outperform […]
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Ukraine’s Zelenskyy offers prisoner swap with Moscow; over 3,000 criminal proceedings opened against Russian military
Russia’s appointment of Army General Alexander Dvornikov to lead the war in Ukraine “represents an attempt to centralise command and control,” the U.K.’s Ministry of Defense said in its daily defense intelligence update on Twitter, following weeks of slow progress and botched operations for Russian forces. Dvornikov has commanded troops in Syria and eastern Ukraine, […]
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UK inflation hits 30-year high of 7% as energy prices surge
The 7% annual rise for U.K. inflation in March is the highest since 1992. Photo by Christopher Furlong/Getty Images LONDON — U.K. inflation came in at an annual 7% in March, its highest for 30 years. Consumer prices rose by 1.1% month-on-month, outstripping expectations for a 0.7% climb in a Reuters poll of economists, which […]
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Want to understand Turkey’s brutal inflation? Look at the price of plums
Shoppers stroll the aisles of a bazaar in Konya, Turkey. The country is experiencing brutal inflation, with food and non-alcoholic beverage prices rising 70.3% year over year for March. Diego Cupolo | Nurphoto | Getty Images For Turks, the humble green plum (“erik” in Turkish) represents the start of spring. An intensely sour fruit, it’s […]
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Justin Bieber, Gwyneth Paltrow and Ashton Kutcher are among dozens of celebrity investors piling into crypto startup MoonPay
MoonPay CEO and co-founder Ivan Soto-Wright speaking at the Bitcoin 2021 conference in Miami, Florida. Eva Marie Uzcategui | Bloomberg | Getty Images What do Justin Bieber, Gwyneth Paltrow, Snoop Dogg and Ashton Kutcher all have in common? Aside from being A-list celebrities, they’re among more than 60 new investors in fintech startup MoonPay. Additional […]
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China’s lockdowns could trigger a logistics snarl that may ‘dwarf’ 2020 and 2021
A traffic police officer prepares to check a truck at a service station of G1503 Shanghai Ring Expressway on April 11, 2022 in Shanghai, China. The major Chinese city has been among the hardest hit as China battles its most severe Covid outbreak since the early days of the pandemic in 2020. Yin Liqin | […]
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Bernstein picks India stocks to buy, says one could potentially rise nearly 40%
Analysts at Bernstein have selected stocks that are set to outperform against the “challenging” market backdrop. Source
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Asia-Pacific stocks mixed after hot U.S. inflation report; China’s trade data ahead
SINGAPORE — Shares in Asia-Pacific were mixed in Wednesday morning trade as investors watched for market reaction to the release of a slightly hotter-than-expected U.S. inflation report. China’s trade data for March is also expected at 11:00 a.m. HK/SIN today. Chinese stocks traded in negative territory ahead of the trade data release, as concerns around […]
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As Goldman raises its electric vehicle forecast, analysts pick their top stocks to cash in
Goldman Sachs, Bank of America and more have picked their favorite electric vehicle-related stocks. Source
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