Venmo joins PayPal in crypto offerings

   Investors should fully understand the ‘risk’ of crypto: Wealth management expert Gibbs Wealth Management President Erin Gibbs and B. Riley National chief market strategist Art Hogan discuss cryptocurrency, insider ‘sell’ transactions, and which stocks to watch.  Venmo is joining big brother PayPal in offering cryptocurrencies for the first time.  The payment app, starting Tuesday, will allow customers to buy, […]

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Pound hits over 6-week high on weak dollar, supported by jobs data

LONDON (Reuters) – Sterling hit its highest in more than six weeks against the dollar on Tuesday with the greenback’s continuing decline and a positive surprise from labour market data out of Britain lending support to the currency.FILE PHOTO: Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company’s headquarters in Vienna, Austria, November […]

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Europe stocks ease from record highs as tobacco firms weigh

(Reuters) -European shares pulled back on Tuesday after hitting record highs a day earlier, as tobacco companies weighed on UK stocks and many regional indexes edged off pre-pandemic highs.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 25, 2021. REUTERS/StaffBritish American Tobacco, Imperial Brands and Swedish Match fell between 2.5% […]

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Austria to funnel 651,000 COVID vaccine doses to Western Balkans from EU

Slideshow ( 2 images )VIENNA (Reuters) – Austria said on Tuesday it plans to funnel 651,000 doses of BioNTech and Pfizer’s coronavirus vaccine to six countries of the Western Balkans by August as part of a European Union scheme to provide assistance to neighbouring countries and Africa. The European Commission outlined its plans for a vaccine- sharing mechanism in January. […]

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Japanese shares slump as virus surge stokes slowdown worries

TOKYO, April 20 (Reuters) – Japanese shares fell sharply on Tuesday, weighed down by worries that possible reintroduction of COVID-19 emergency measures in the country’s biggest cities would slow the economic recovery. Selling was seen across almost all sectors, with only one of the Tokyo Stock Exchange’s 33 industry sub-indexes trading higher and just a more than dozen stocks up […]

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U.S. agencies probe fatal Tesla crash believed to be driverless

WASHINGTON (Reuters) -Two U.S. agencies on Monday said they were investigating a Tesla crash in Texas on Saturday that left two dead and which local police said appeared to have occurred with no one in the driver’s seat.The remains of a Tesla vehicle are seen after it crashed in The Woodlands, Texas, April 17, 2021, in this still image from […]

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UK invokes national security to probe Nvidia's ARM deal

LONDON (Reuters) -The UK government will look into the national security implications of U.S. group Nvidia’s purchase of British chip designer ARM Holdings, it said on Monday, putting a question mark over the $40 billion deal.FILE PHOTO: A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike BlakeDigital minister Oliver Dowden said on […]

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Bank of Israel keeps benchmark interest rate at 0.1%

FILE PHOTO: The Bank of Israel building is seen in Jerusalem June 16, 2020. REUTERS/Ronen ZvulunJERUSALEM (Reuters) – The Bank of Israel held its benchmark interest rate at 0.1% for an eighth straight meeting on Monday amid optimism over an economic recovery due to a rapid COVID-19 vaccine rollout and inflation turning positive. All 16 economists polled by Reuters had […]

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