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Unveiling the Consumer Price Index (CPI) Insights: April 2024
As the economy continues to navigate through various fluctuations and dynamics, understanding the intricacies of the Consumer Price Index (CPI) becomes increasingly essential. Today, we delve into the latest CPI report for April 2024, released by the U.S. Bureau of Labor Statistics, shedding light on the key trends and insights shaping consumer spending and inflation.…
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Bitcoin climbs above $65,000 and carves out an intriguing chart pattern
Bitcoin is having its best day in two weeks, climbing 5% as part of a broad rally in global risk assets. The chart caught my eye as it may be tracing out an inverted head-and-shoulder pattern, one that would target a move to $75,000. bitcoin daily A speculative fever may have been unleashed by the…
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Cisco forecasts fourth-quarter revenue above estimates on enterprise demand
UPDATE 3-Cisco forecasts fourth-quarter revenue above estimates on enterprise demand Adds analyst comment in paragraph 9 May 15 (Reuters) –Cisco Systems CSCO.O forecast fourth-quarter revenue above analysts’ low expectations on Wednesday as the network equipment maker benefits from a pick up in enterprise spending and easing supply chain constraints. The company has been trying to…
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