Bitcoin Dives To $28,500; Coinbase is backed by US futures approval; Fed minutes cast a shadow over stocks

Bitcoin and Ether fell Thursday morning in Asia, along with the top 10 most volatile digital currencies. Bitcoin briefly fell below $28,500, while losses in Ether kept it below the important psychological minimum of $1,800. Smaller altcoins such as Dogecoin, Solana, and Ripple have suffered the biggest declines. In more bullish news, Coinbase Global has…

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An economist says deflation could soon hit the US as real estate and stock prices are at risk of crashing

An economist says deflation could soon hit the US as real estate and stock prices are at risk of crashing

Traders work on the floor of the New York Stock Exchange in New York on November 25, 2008.Photograph: Lucas Jackson/Reuters The US economy may soon be in danger of contracting, according to Wermuth Asset Management. Fluctuating commercial property values ​​correcting huge stock valuations would drive prices lower. Inflation accelerated by 3.3% year-on-year in Julymuch lower…

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Cisco gains after the CEO points to advances in artificial intelligence and security

Cisco gains after the CEO points to advances in artificial intelligence and security

(Bloomberg) — Cisco Systems Inc. Inc., the largest maker of computer networking equipment, is in late trading after the company outlined advances in artificial intelligence and security technology, which helped ease concerns about slowing sales. Most Read from Bloomberg Cisco, which reported its fourth-quarter financial results on Wednesday, is seeing surging demand fueled by the…

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Bonds are issuing a warning about mounting US debt, said veterinarian Ed Yardini, and markets will be affected if Treasury yields rise much more.

Bonds are issuing a warning about mounting US debt, said veterinarian Ed Yardini, and markets will be affected if Treasury yields rise much more.

A trader interacts while working on the floor of the New York Stock Exchange (NYSE) in New York, US, March 18, 2020.Lucas Jackson/Reuters Ed Yardini said the bond market is sending a warning about mounting US debt. This is seen in the rise in bond yields, with the yield on the 10-year Treasury note exceeding…

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The S&P 500 is vastly overrated

The S&P 500 is vastly overrated

David Rosenberg.CNBC David Rosenberg expects a repeat of last year’s sharp decline in stocks as risks mount in the markets. The economist sees several headwinds including downgrades by Fitch, Moody’s and China’s deflation. Rosenberg says the S&P 500 is grossly overvalued by historical standards and compared to other assets. Prepare for a repeat of last…

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CSCO Stock: Top Cisco Earnings Estimates, Product Demand Growth Accelerates

CSCO Stock: Top Cisco Earnings Estimates, Product Demand Growth Accelerates

Cisco systems (CSCO) issued a weaker-than-expected revenue forecast for fiscal 2024 while fourth-quarter earnings beat estimates. CSCO stock initially fell, then reversed higher during the company’s earnings call with analysts. X For the period ended July 29, Cisco’s dividend rose 37% to $1.14 a share. Revenue increased 16% to $15.2 billion. Analysts estimated Cisco would…

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