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Tencent Loses $46 Billion In Market Value Due To China’s Proposed Gaming Regulations.

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China recently introduced a draft regulation aimed at reining in the video gaming industry, leading to a substantial decline in the shares of major gaming companies based in the country. Tencent Holdings, China’s largest gaming company, witnessed a staggering $46 billion reduction in its market capitalization as a direct consequence of the proposed regulations. The …

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Trading News

BlackRock, Nasdaq, And The SEC Met To Discuss A Bitcoin ETF

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In their second meeting within a month, representatives from BlackRock (BLK), Nasdaq, and the Securities and Exchange Commission (SEC) convened to delve into crucial rule changes required for the potential listing of a bitcoin (BTC) exchange-traded fund (ETF), as outlined in a recently published memo. The focal point of discussion was Nasdaq Rule 5711(d), which …

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Intel Stocks Soar Post AI-Processor Launch

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ESSENTIAL NOTES As the company unveiled its most recent chips, which are best suited for handling workloads involving artificial intelligence (AI), Intel Corp.’s stock price surged on Thursday. Some new laptops from partners like Dell Inc., HP Inc., Microsoft Corp.’s Surface, and Alphabet Inc.’s Google Chromebook are available with the new line of Intel Core …

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Stock Market News

BTC And XLM Supporters Are Looking Into A Promising New Cryptocurrency

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Amidst the ever-evolving landscape of the cryptocurrency market, supporters of Bitcoin (BTC) and Stellar (XLM) are shifting their focus toward an emerging star with tremendous potential in the decentralized finance (DeFi) arena. This new DeFi gem has garnered significant attention within the crypto community as it ascends the ranks to join the list of top …

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Stock News

AMD stock rises when the company unveils an AI processor to compete with Nvidia.

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Major points The CEO of AMD, Lisa Su, spoke on Wednesday about the previously disclosed Instinct MI300X, a sizable graphics processor intended for servers focused on artificial intelligence, and how Microsoft and Meta had committed to using the chip.   The increase in AMD stock prices on Thursday indicates that investors think the company can …

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AI Stock

AI Stocks (ChatGPT): Best Artificial Intelligence Stocks To Watch in 2024

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In the midst of growing investor enthusiasm for artificial intelligence, numerous companies are now highlighting their AI product plans. However, identifying legitimate AI stocks with existing revenue streams from generative AI, such as Microsoft (MSFT) and Nvidia (NVDA), poses a significant challenge for investors. Even tech giants like Google-parent Alphabet (GOOGL) face both risks and …

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Hong Kong

Hong Kong Stocks Plummet Over 2%, Leading Losses in Asia-Pacific After China Data Release

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Hong Kong, October 13, 2023 — Hong Kong stocks nosedived by more than 2% today, marking a significant decline and leading losses across the Asia-Pacific region. This sharp drop in the stock market came in the wake of the release of economic data from China, Hong Kong’s main trading partner, raising concerns among investors about …

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GBP/USD

GBP/USD, GBP/AUD attempt tepid recovery ahead of inflation data

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The BoE may have an even more difficult time if UK inflation figures come in strongly. GBP/USD stays muted ahead of UK inflation data; GBP/AUD continues its downward movement following China and Australia data that strengthen the Australian currency.   BOE expectations and UK inflation  GBP/AUD The Bank of England (BoE) faces a greater difficulty …

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Rupee

Intra-day update: rupee strengthens further against US dollar

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September 20, 2023 1:20 pm In advance of the Federal Reserve meeting on Wednesday, the Indian Rupee began the day strongly versus the greenback. On Wednesday, the local currency gained five pence to start at Rs 83.22 versus the US dollar. In response to rising crude oil prices, it had Monday’s closing rate versus the …

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