#Key inflation gauge slows to still-high 6.3% in April

#Key inflation gauge slows to still-high 6.3% in April

“Key inflation gauge slows to still-high 6.3% in April” An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, the first slowdown since November 2020 and a sign that high prices may finally be moderating, at least for now. The inflation figure the Commerce Department reported Friday was below the…

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# Billionaire Bill Miller calls Bitcoin ‘insurance’ against financial catastrophe

# Billionaire Bill Miller calls Bitcoin ‘insurance’ against financial catastrophe

” Billionaire Bill Miller calls Bitcoin ‘insurance’ against financial catastrophe “ Bill Miller the billionaire founder and Chief Investment Officer of investment firm Miller Value Partners, has said he considers Bitcoin (BTC) an “insurance policy against financial catastrophe.” Appearing on an episode of the “Richer, Wiser, Happier” podcast on May 24 Miller backed the cryptocurrency…

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# Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades

# Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades

” Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades “ Brazil’s Federal Reserve (RFB) has declared that Brazilian investors in the crypto-asset market must pay income tax on transactions that involve the like-kind exchange of cryptocurrencies; for example, Bitcoin (BTC) for Ethereum (ETH). The RFB’s declaration was published in the…

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#Reality bites traders, memers and crypt-iots

#Reality bites traders, memers and crypt-iots

“Reality bites traders, memers and crypt-iots” Melvin Capital is maybe the first — but certainly won’t be the last — hedge fund hammered out of business as markets wean themselves off the heroin of cheap money that has propelled stocks and just about everything else for the past two-plus years. Hedge-fund investors, even those who…

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