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Tottenham Owner Joe Lewis Indicted Over Insider Trading Scheme

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Summary: Tottenham owner Joe Lewis has been indicted for alleged insider trading , causing concerns about the club's future. The company Enick , which owns Tottenham , was run by a trust led by Lewis, who reportedly stepped down in October 2022. Tottenham FC asserts that Lewis' legal issues won't impact the club's operations or performance. Speculation arises about the potential sale of Tottenham FC amidst the ongoing legal proceedings . Tottenham owner, ...

Vietnamese Electric Vehicle Maker Valued at More Than Ford

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Summary: Vietnam 's Vinfast makes a remarkable stock market debut on Nasdaq , with shares surging over 200%, resulting in a valuation exceeding $85 billion, surpassing industry leaders Ford and General Motors . Founder and chairman of Vinfast gains an impressive $40 billion in a single day, controlling 99% of shares initially; trading volume reaches $185 million. Vinfast 's surge reflects ongoing global excitement about electric vehicle s and raises the prospect of new challengers emerging in the industry, potentially from low-cost East Asian countries like Vietnam . While profitability remains a challenge and produ...

Jackson Hole: Anticipating Market Impact of Federal Reserve Meeting

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Summary: The Jackson Hole symposium begins, raising expectations about its impact on markets, interest rates , and the US dollar. Central banks grapple with the challenge of balancing inflation control and fostering economic growth . Fluctuations in the US dollar are not solely tied to the symposium but have multiple influencing factors. The euro's performance is analyzed in relation to recent dollar movements and support levels. Federal Reserve Chairman Jerome Powell's upcoming speech holds key insights for future market trends. ...

Marks & Spencer's Stock Surges to 18-Month Highs as Company Reports Strong Performance

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Summary: Marks & Spencer's stock reaches 18-month highs due to strong performance in physical stores and across various brands. The company raises financial guidance and predicts higher profits for the fiscal year. Marks & Spencer expands its market share in clothing, home, and food business es over a 19-week period. Share price experiences a significant increase of 128.75% from the previous year's low. Despite economic challenges, Marks & Spencer's resilience and trusted brand image contribute to its success. ...

NVIDIA's Earnings Beat Propels Chip Stocks and Markets Globally

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Summary: NVIDIA 's earnings report exceeded analyst expectations, leading to a 13.2% surge in stock price in extended trading. Other chip stocks , including AMD and Intel , also experienced significant gains as a result of NVIDIA 's success. ST Microelectronics , a French chip manufacturer, saw a positive stock price response due to the market's enthusiasm following NVIDIA 's earnings . ...

Meta Shares Rise Amid Earnings Forecast Beat

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Summary: Meta shares surge 8% on IG platform following better-than-expected earnings and revenue . Revenue increased by 11% to $32 billion, exceeding analysts' expectations. Ad revenue rose 12% in Q2, outperforming competitors like Google. Shares have risen by a staggering 266% overall and 160% since the beginning of the year. Meta 's stock closes at $319.09, poised for another positive trading day. Meta shares surged more than 8% in extended trade on the IG ...

Deliveroo Shares Surge as Profits Improve and Dividend Potential Emerges

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Summary: Deliveroo surpasses profit expectations in the UK, with a 7% increase in gross transaction value . Proposed return of £250 million surplus cash to investors and potential introduction of regular dividend s. Stock price surges by 3.75% in response to improved profit outlook. Deliveroo 's performance shows progress compared to initial challenges since its 2021 stock listing. ...

Will today’s US inflation print keep the Fed on guard?

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Summary: Investors await the US inflation data for July as a significant market driver. After a notable drop in June, expectations rise for an acceleration in July's inflation figures. The Fed eral Reserve's stance on interest rates is poised to be influenced by the inflation trend. Core inflation remains a key concern and could impact the Fed 's decision on rate hikes. US dollar strength and Euro 's performance hold implications for trading dynamics. Crude oil's price surge contributes to inflation, adding to the cautious market sentiment. ...

FTSE 100 Surges to Four-Week Highs Led by House Builders

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Summary: FTSE 100 reaches four-week highs after consumer prices rise 7.9% in June, according to ONS data. Tata Motors announces £4 billion investment for the UK's first large-scale EV battery plant. National Grid sells 20% of the UK's gas network in a £700 million deal. Hargreaves Lansdowne reports a 6% jump in net new business during the quarter. Thacker Pass Lithium project gets approval from the US Court of Appeal, boosting Trident Royalty shares. London's FTSE...

Niger coup: West African bloc prepared for military intervention

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Summary: A West African bloc of nations is considering military intervention in Niger, viewing it as a last resort. Eka-Wass group has been discussing a standby military force to address the situation. The situation in Niger is complex due to border disputes, active insurgencies, and regional implications. Military intervention could further destabilize the region and lead to a refugee crisis . The involvement of Russia's Wagner group in Niger is not imminent due to logistical challenges. ...

HSBC on the Rise After Strong Earnings and a Fresh Share Buyback

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Summary: HSBC 's first-half profit surges more than twofold. HSBC announces a new share buyback program worth $2 billion. Market cap reaches $162 billion, with a pre-tax profit of $21.7 billion in the first six months. Investors are excited about the confidence shown through share buyback s. HSBC shares are soaring after reporting strong earnings and announcing a fresh share buyback of up to $2 billion. ...

Earnings Preview: Tesla, Netflix to Report Q2 Earnings After Closing Bell

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Earnings Preview: Tesla, Netflix to Report Q2 Earnings After Closing Bell Summary: Netflix implemented a policy to stop password sharing among users, raising questions about its impact on subscriber numbers. Analysts expect Netflix to report earnings per share of $2.84 and total revenues of $8.25 billion, a potential record high for the company. Netflix's share price has surged by over 200% since last year's lows, with a 70% gain in 2023. Investors are eagerly awaiting t...

Bitcoin Slide Continues: Coinbase Hit as Bitcoin's Value Plummets

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Summary: Bitcoin 's value decline has negatively impacted Coinbase , causing substantial losses for the exchange. Elon Musk 's SpaceX venture reported a significant write-down of Bitcoin holdings and participated in a selloff, contributing to the cryptocurrency's decline. Elon Musk 's influence on the cryptocurrency market has made him a central figure for digital asset traders and investors. Bitcoin 's recent price chart reflects a worrisome trend, with potential for further declines indicated by the current red candle. The possibility of a complete retracement raises concerns, with Bitcoin 's price pot...

FTSE 100 closing out the week higher - Market Report

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Summary: FTSE 100 opened higher on positive results for London listed companies . NatWest announced a £1 billion jump in Bretex profits . Standard Chartered reported a 20% jump in interim profits and announced a $1 billion buyback. International Airlines Group announced a half-year profit of €1.26 billion. AstraZeneca 's deal to buy Pfizer's gene therapy portfolio led to a jump in their stock. Right Moves experienced significant revenue growth. Europa Oil and Gas to take over the Clouton Gas Discovery near Scarborough . ...

Is Harvey Barnes an UPGRADE on Allan Saint Maximin? 🤔 Alex Crook's Transfer Notebook 🔥

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Summary: Jordan Henderson's positive impact and legacy at Liverpool should not be underestimated, according to Alex Crook. Liverpool's potential midfield additions, Lavia and McAllister, have Crook excited about the club's prospects. Leeds United's loaning out of players raises concern for their future in the Premier League. Harvey Barnes is seen as an upgrade on Allan Saint Maximin by Alex Crook, who praises Eddie Howe's recruitment strategy. Newcastle United's financial strength and transfer activity are causing jealousy among some Premier League clubs, but Crook dismisses the criticism. ...

Billing scores second-fastest ever Premier League goal | Arsenal 3-2 AFC Bournemouth

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Billing scores second-fastest ever Premier League goal | Arsenal 3-2 AFC Bournemouth CHEERING And the cherry's already on the charge down the right-hand side. Wattara, early ball into the penalty area, and Billing has put Bournemouth in front! And I had only 11 seconds of my watch! Absolutely incredible start at the Everett Stadium! Bournemouth strike from the kickoff again for the second time in London. Last time it was Fulham. This time it's the Premier League leaders Arsenal, stung from the trading ground. Billing scores 11 seconds in. Whipped into the near post. Sunisi! It is 2-0 to Bournemouth at the Premier League leaders Arsenal! And it is Marcos Sunisi again, his second goal in quick succession. One corner, one goal, one in each half, and the cherries could be on their way to a huge three points! And the home of the leaders! It is Arsenal 0, Bournemouth 2! At the fac...

Lloyds Raises Bad Debts and Steers Shares Lower

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Summary: Lloyds banking group reports a 10% increase in underlying profit , reaching just over 4 billion for the first half of the year. Impairment charge of 700 million pounds reflects delinquencies and bad debts on the company's books. Loans and advances to customers decline by approximately 10% to 450 billion, while customer deposits drop by about 1.2% to 469 billion. Lloyds announces a 15% increase in interim dividend s, remaining ahead of its target. Despite positive announcements, Lloyds' shares still decline by 3.8% in response to the first-half figures. ...

Man Spent 22 Years on Death Row for a Crime He Didn't Commit

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Summary: The man was falsely accused of a crime he didn't commit and spent 22 years on death row surrounded by killers. He survived through compassion and empathy for his torturers, which enabled personal growth. Unfortunately, at the age of 20, I was falsely accused of the rape and murder of a woman I never met. So I can understand right now the feeling Andrew's going through, especially at what feels like the end of the journey. But it still goes on, and it'll n...