US Economy

FCA says new young investors are taking on big risks like cryptocurrencies and foreign exchanges

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New young investors take on big risks by putting their money into cryptocurrencies and foreign exchange, regulator finds The Financial Conduct Authority said young investors use social media for tips Thrills, social status and gut instinct are motivating their investing decisions The regulator commissioned research looking into ‘self-directed’ investors By Jack Newman For Mailonline Published: … Read more

Warren Buffett’s wealth jumps to $100BN as he joins ‘mega rich’ billionaire’s club

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Warren Buffett has become the sixth richest man in the world after his net worth soared by almost $24 billion in under five months.  The owner of the multinational conglomerate Berkshire Hathaway now joins an elite club of men worth $100billion or more, that includes Jeff Bezos, Elon Mask, Bill Gates, Bernard Arnault, and Mark Zuckerberg.  … Read more

GameStop shares jump for the fifth day running with a nearly 100% gain

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GameStop shares jump for the fifth day running Tuesday with a nearly 100% gain after Chewy’s founder took over online sales and amid speculation Reddit investors will pour their stimulus checks into stocks. Shares of the retailer were up 23.5% to $239.80 in early trading, a day after the company entrusted leadership of its online … Read more

Post-Brexit trade: US drops tariffs on whisky, cashmere and Stilton imports from UK

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US drops tariffs on whisky, cashmere and Stilton as trade deal with Britain inches closer – two months after Liz Truss axed fees on American imports US said millions worth of tariffs on Scotch and other goods would be suspended Cashmere and cheese are also set to benefit from the American relaxation Comes a month … Read more

Bitcoin’s total value tops $1TRILLION in new record high

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Bitcoin touched a market capitalization of $1 trillion as it hit yet another record high on Friday, countering analyst warnings that it is an ‘economic side show’ and a poor hedge against a fall in stock prices. The world’s most popular cryptocurrency jumped to an all-time high above $54,000, setting it on course for a … Read more

YouTuber who drove up Gamestop price via Reddit is Boston dad

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The Reddit poster and YouTube streamer who caused a Wall Street crisis by driving up the price of GameStop – and boasted about his $47 million gains – is a suburban financial adviser who nicknames himself Mr. Wizard, DailyMail.com can reveal. Keith Gill, 34, is the man behind the Roaring Kitty YouTube streams and the … Read more

Under 2,000 start new roles via Government’s £2bn Kickstart scheme

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Government’s £2billion Kickstart scheme to get young people on universal credit into jobs has seen fewer than 2,000 start new roles in its first five months Kickstart programme launched in September and offers work placements  Just 1,868 people have started their placements in the UK as of January 15  Work and Pensions Secretary Therese Coffey … Read more

Aerion starts work on Florida HQ where it will build 1,000mph jet

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The arrival of a new era of commercial supersonic travel is approaching, with a firm behind a 1,000mph business jet having broken ground on a state-of-the-art global HQ where the aircraft will be built, tested, customized and ultimately launched for service from in 2027. Aerion Park in Melbourne, Florida, will produce 300 of the jets … Read more

Twitter stock falls 10% as it fears MAGA attacks after Trump ban

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Twitter saw its shares drop by 12 per cent Monday after days after banning Donald Trump and purging his supporters.    The tech giant lost $5 billion on the first day of trading after it permanently suspended the president citing a ‘risk of further incitement of violence’ in the wake of the storming of the U.S. Capitol by … Read more

Paperchase on brink of administration: 1,500 UK jobs at risk

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Stationery chain Paperchase is on the brink of administration as new Covid lockdown puts 1,500 jobs and 173 stores at risk Paperchase appointed accountancy firm PwC to handle administration process   Approximately 1,500 jobs and 173 stores are on the line for the stationery retailer The retailer usually makes 40 per cent of its sales over November … Read more