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Twin peaks: Whether it’s supply or demand, oil era heads for crunch time

By Noah Browning (Reuters) – Energy transition and peak demand predictions have spooked investors in oil, putting the prospect of peak production sooner than anticipated accompanied by wild price spikes. Key climate talks are set to begin at the end of this month in Glasgow, Scotland to tackle global warming under the 2015 Paris Agreement, …

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SHIB plummets 20% as Elon Musk reveals he owns none

SHIB), the recently surging Dogecoin-inspired ERC-20, suffered a 20% retracement in two hours as Tesla (NASDAQ:TSLA) founder and hypothetical Doge CEO Elon Musk announced to Twitter (NYSE:TWTR) that he doesn’t hold any Shiba Inu tokens. The retracement came after SHIB surged past its previous all-time high to tag a local top of $0.000044 on Oct. 24 following a more …

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Forex Today: Quiet start to the week ahead of key data releases

Here is what you need to know on Monday, October 11: The dollar weakness following the disappointing September US jobs report, which showed that Nonfarm Payrolls rose by 194,000 to miss the market expectation of 500,000 by a large margin, remained short-lived. Surging US Treasury bond yields provided support to the greenback and helped it …

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U.S. Senate Democrats, Republicans haggle over short-term debt fix

By Susan Cornwell and Makini Brice WASHINGTON (Reuters) – U.S. Senate Democrats and Republicans were expected to continue negotiating on Thursday to avert a debt crisis after Democrats showed openness to a Republican offer to allow an extension of the federal debt ceiling into December. Democrats called off an early Wednesday afternoon vote after the …

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Billionaire Ken Griffin slams crypto as ‘jihadist call’ against the greenback

Hedge fund billionaire Ken Griffin and former U.S. President Donald Trump have both slammed digital currencies as a threat to the U.S. dollar. Griffin, the founder of the $38 billion hedge fund Citadel LLC, told the Economic Club of Chicago on Oct. 4, that crypto is “a jihadist call that we don’t believe in the dollar.” …

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Dollar at Highest Since November as Rally Extends to Four Days

(Bloomberg) — Traders have flocked to the dollar this week as they parsed implications of the U.S. debt-ceiling battle and a shift toward more hawkish policy from the Federal Reserve. A gauge of the dollar’s strength against major peers rose to the highest in almost 11 months on Wednesday. The dollar outperformed all of its …

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