Bitcoin, the world’s biggest cryptocurrency, experienced a slight decline on Thursday as investors exercised caution in anticipation of an upcoming U.S. inflation reading that could potentially impact the outlook for interest rate cuts. The cryptocurrency fell by 1% to $58,852.9 by 01:55 ET (05:55 GMT), with expectations of losing nearly 9% in August. Throughout August,
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Municipal bond markets have remained relatively stable, with U.S. Treasury yields experiencing a slight rise while equities saw a mixed ending. According to LSEG Lipper, municipal bond mutual funds recorded inflows of $1.047 billion, continuing a nine-week streak of positive flows. High-yield bonds also displayed strength, with inflows reaching $357.5 million after $355 million the
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Best Buy, a leading consumer electronics retailer, recently announced its fiscal-year profit guidance after surpassing both earnings and revenue expectations for the previous quarter. The company reported a net income of $291 million, or $1.34 per share, which exceeded Wall Street estimates. Despite a drop in net sales to $9.29 billion from $9.58 billion the
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The U.S. dollar showed signs of recovery on Thursday, following recent lows, as investors anticipated a series of crucial economic data releases. The Dollar Index, which compares the greenback against a basket of other currencies, edged 0.2% higher to 101.182 after hitting a 13-month low earlier in the week. Despite concerns about trade tensions between
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The municipal bond market has experienced a period of stability as the largest deals of the week were finalized, and the Investment Company Institute reported more than $1 billion of inflows into municipal bond mutual funds. U.S. Treasuries remained relatively unchanged, with yields fluctuating slightly throughout the day. The two-year muni-to-Treasury ratio was at 63%,
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Ford Motor Company is the latest organization to reconsider its commitments to diversity, equity, and inclusion initiatives. The company has stated that it has undergone a comprehensive review of its DEI policies and practices, taking into consideration the changing external and legal landscape related to political and social issues. In an internal communication, Ford shared
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