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#Bitcoin #Dogecoin #ElonMusk #DonaldTrump #Criptomonedas #MicroStrategy #Coinbase #RiotPlatforms

Bitcoin hits historic highs above $73,000, driven by increasing demand; meme coin Dogecoin also rises, fueled by Elon Musk’s support of Trump, adding market volatility. Bitcoin Surges as Dogecoin Receives Boost from Musk and Trump, The cryptocurrency market continues to experience a rollercoaster of values, with Bitcoin (BTC-USD) appearing to set a new upward trend this week by surpassing $73,000. This rise occurred during Tuesday’s session, raising investor expectations and bringing the cryptocurrency closer to its all-time highs. Jared Blikre, Yahoo Finance’s markets and data editor, highlights Bitcoin’s bullish trend amid a surprising rise in Dogecoin (DOGE-USD), spurred by entrepreneur and crypto enthusiast Elon Musk’s endorsement of former U.S. President Donald Trump. Together, these factors have created an environment of optimism and volatility that seems to be spreading across the crypto sector. A Rally Fueled by Support for Trump and Musk’s Influence The particular connection between Dogecoin and Elon Musk is not new; Musk has been a central figure in Dogecoin’s volatility and growth. However, this time, his support of Donald Trump has sparked renewed interest in Dogecoin, driving up its value significantly. Musk’s position has been perceived as a nod of support within the crypto communities, coinciding with Bitcoin’s surge from $72,000 in the early hours of Tuesday to eventually surpassing the $73,000 mark by afternoon. This phenomenon has drawn significant attention to several cryptocurrencies, including Dogecoin. The connection between political narratives and the crypto market has led digital assets to behave in ways that respond to both policies and influential figures in the tech space. This has generated a sense of excitement that is further fueling speculation around Dogecoin and Bitcoin. Crypto Stocks on the Rise Bitcoin’s and Dogecoin’s rise has also positively impacted the shares of tech companies operating within the crypto ecosystem. On Tuesday, companies like MicroStrategy (MSTR), Coinbase Global (COIN), and Riot Platforms (RIOT) saw... https://lnkd.in/ekbqhWiP #Bitcoin #Dogecoin #ElonMusk #DonaldTrump #Criptomonedas #MicroStrategy #Coinbase #RiotPlatforms

Wishing You a Week of Purpose and Peace As we step into a new week, may it be a canvas where you paint with intention, resilience, and joy. Let each day bring a touch of discovery and each challenge be met with calm and courage. May your mornings start with clarity, where your goals feel just a little closer, and your evenings close with gratitude for all that you achieved and learned. Find time to pause, breathe, and appreciate the small victories, for they build the way to the big dreams. Whatever you’re striving for, may this week align you closer to your purpose. Embrace every experience, knowing it adds value to your journey, and remember that you are worthy of every success and joy that life can offer. Go forward with strength and peace, and let kindness be your guiding light. Here’s to a week that leaves you fulfilled, resilient, and deeply blessed. #WeeklyBlessings #NewBeginnings #PurposeAndPeace #InnerStrength #OneDayAtATime #MiddlemenNetwork

Latin America’s economic growth is expected to slow in 2024, with the International Monetary Fund (IMF) forecasting a GDP increase of just 2.1%. The region faces ongoing challenges, including low investment and productivity, that may constrain medium-term growth. The economic outlook for Latin America in 2024 is projected to moderate, as the International Monetary Fund (IMF) forecasts only a 2.1% increase in the region’s GDP, a slight dip from the 2.2% growth recorded in 2023. The IMF’s recent World Economic Outlook report highlights key structural issues contributing to this subdued growth rate, indicating a persistent slowdown for the region’s economies. According to the IMF, Latin America’s projected growth for 2024 reflects the region’s struggle with long-standing structural issues, such as low investment and productivity levels. The IMF also points to demographic changes that are beginning to shape the economic landscape. “Medium-term growth is expected to remain moderate due to these persistent challenges,” the IMF report noted, forecasting only a modest growth rate of 2.5% by 2025. The IMF’s projections for individual Latin American economies underscore the disparity in growth prospects across the region. Brazil’s economy is anticipated to expand by 3%, Venezuela by... https://lnkd.in/eJHdMsGg #IMF #LatinAmerica #EconomicGrowth #GDP #Inflation #MonetaryPolicy #EconomicReform #Investment #Productivity #MiddlemenNetwork

Governor Gavin Newsom vetoes a groundbreaking AI safety bill, citing concerns over overly stringent regulations on both high-risk and basic AI systems, while signaling ongoing efforts to establish protective guardrails. In a decision that has sparked intense debate in Silicon Valley and beyond, California Governor Gavin Newsom vetoed SB 1047, a pioneering piece of legislation aimed at regulating artificial intelligence (AI). The bill, known as the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act, would have required companies investing more than $100 million in AI development to implement strict safety measures, including a “kill switch” to disable potentially dangerous models. The legislation, widely regarded as the most ambitious AI regulation attempt in the U.S., was designed to prevent worst-case scenarios such as mass casualty events linked to rogue AI. It had gained support from prominent tech figures and Hollywood elites, including billionaire Elon Musk and AI pioneers Yoshua Bengio and Geoffrey Hinton. Despite its backing from notable proponents, the bill was met with considerable resistance from tech giants like OpenAI, Meta, and Google. Newsom’s Justification: Balancing Innovation and Safety In his veto message, Newsom emphasized the bill’s well-meaning nature but criticized its... https://lnkd.in/ep6hsU3Q #AIRegulation #GavinNewsom #ArtificialIntelligence #SiliconValley #TechPolicy #AIrisks #OpenAI #Meta #Google #FeiFeiLi #ElonMusk

A looming strike at major US cargo ports could disrupt supply chains, strain the economy, and influence the 2024 presidential election. The Biden administration faces mounting pressure. As the nation braces for potential economic disruptions, tens of thousands of dock workers along the East and Gulf Coasts are preparing to strike next week. This labor action could cause significant interruptions at major cargo ports, with ripple effects spreading throughout the economy. As the strike looms, its timing is particularly delicate, intersecting with mounting uncertainties surrounding the 2024 presidential election. The strike, expected to affect a vast network of supply chains, would target critical entry points for goods entering the U.S. economy. With these ports responsible for handling a substantial portion of international trade, any halt in operations could lead to delayed shipments, increased costs, and shortages in various sectors, from manufacturing to retail. Yahoo Finance’s Washington Correspondent Ben Werschkul joined Asking for a Trend to dissect the situation. According to Werschkul, the Biden administration is navigating a complex web of competing interests. On one side, dockworkers are pushing for better wages and working conditions, reflecting wider labor discontent across various industries. On the other... https://lnkd.in/eY7wwqSR #DockWorkersStrike #USEconomy #SupplyChainDisruptions #BidenAdministration #2024Election #LaborUnrest #CargoPorts #Inflation #LaborDisputes

Bitcoin, the world’s most popular cryptocurrency, continues to capture the attention of financial markets. Since its creation in 2010, it has revolutionized how people view and use money, offering a decentralized alternative to traditional financial systems. With a current supply of 19,759,125 bitcoins in circulation, the cryptocurrency is nearing its maximum cap of 21 million coins, making it a finite asset and, therefore, valuable in the long term. This supply limit is one of the main reasons many view Bitcoin as a hedge against inflation, similar to gold. In the most recent price report, Bitcoin was trading at $63,751 USD, marking a slight increase of 0.06% in the past 24 hours. While its volatility remains a hot topic of discussion, many investors have adopted the... https://lnkd.in/ePMF6NZR #Bitcoin #BTC #Cryptocurrency #Finance #Blockchain #BitcoinMining #Investment #MiddlemenNetwork

The long-awaited rate cut from the Federal Reserve finally arrived this week, marking a significant shift in monetary policy after years of tightening. Investors initially celebrated the 50-basis-point cut with a wave of optimism, pushing stocks higher. However, the exuberance was short-lived as concerns about corporate earnings and slowing economic growth began to weigh on the markets. Despite the turbulence, major indices still posted gains for the week. The S&P 500 finished up 1.4%, the Dow Jones Industrial Average added 1.6%, and the Nasdaq Composite gained 1.5%. Earlier in the week, the S&P 500 hit an all-time high, and the Dow closed at a record. Yet, Friday’s trading session brought the S&P down, highlighting the fragility of the current rally. Upcoming Data to Test Powell’s Claims... https://lnkd.in/e5sxxKgX #FederalReserve #StockMarket #InterestRates #JeromePowell #EconomicGrowth #Inflation #CorporateEarnings #PCE #GDP #TechStocks #RateCut

El repentino colapso de JP Morgan y Ally Financial repercute en el sector bancario y aumenta las preocupaciones sobre la estabilidad financiera y la resiliencia del mercado. En un sorprendente giro de los acontecimientos, dos de las mayores instituciones financieras de Estados Unidos (JP Morgan y Ally Financial) se han derrumbado inesperadamente, provocando una oleada de pánico en los mercados mundiales. La repentina caída de estos gigantes bancarios ha planteado preguntas urgentes sobre la estabilidad del sistema financiero y la posibilidad de que se produzcan consecuencias económicas más amplias. Cómo sucedió... #JPMorgan #AllyFinancial #ColapsoBanco #CrisisFinanciera #Bolsa #ReservaFederal #Economía #BancaEstadoUnido #Pánico #MercadosFinancieros

El índice manufacturero ISM subió levemente a 47,2 en agosto desde 46,8 en julio, lo que marca un quinto mes de contracción ya que los nuevos pedidos enfrentan la caída más pronunciada desde mayo de 2023. El sector manufacturero de Estados Unidos está bajo una presión cada vez mayor, como lo indica el último informe del Institute for Supply Management (ISM). El índice de fábrica del ISM, un indicador clave de la actividad manufacturera, mostró un ligero repunte en agosto hasta 47,2 puntos desde 46,8 en julio. Sin embargo, esta pequeña mejora oculta las dificultades más profundas que enfrenta la industria. Por quinto mes consecutivo, el índice se mantuvo por debajo del umbral crítico de 50 puntos, lo que indica una contracción continua en el sector. El indicador de pedidos muestra el descenso más pronunciado desde mayo de 2023 Uno de los aspectos más preocupantes del informe del ISM es la marcada caída de los pedidos nuevos. El indicador de pedidos, que refleja la demanda de bienes manufacturados, registró su contracción más pronunciada desde mayo de 2023. Esta caída indica una desaceleración significativa de la demanda, lo que hace sonar las alarmas sobre los posibles efectos dominó en la economía en general. Los fabricantes están lidiando con la disminución de los pedidos, lo que a su vez podría conducir a una reducción de la producción, despidos y una mayor desaceleración económica. La caída de los pedidos nuevos es particularmente preocupante porque... https://lnkd.in/e_Rt8Vnx #IndiceISMIndustriaManufacturaEstadosUnidos #ContracciónEconómica #CadenaDeSuministro #PerspectivasEconómicas