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By Sam Byford TOKYO (Reuters) - Asian stock markets fell on Wednesday, extending Wall Street's overnight losses amid concerns over inflation and the possibility of recession, which also boosted the safe-haven dollar. Japan's Nikkei index fell 0.98%, while MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.37%, dragged lower by Australian shares, off 0.81%, and Korea's KOSPI, down 1.54%. Asian shares had ended the Tuesday session on an upward trajectory after China announced an easing of its quarantine requirements for inbound passengers, in what some observers saw as the biggest relaxation so far of its "zero COVID" strategy. But the positive impact had petered out on Wednesday. "Inevitably, markets tend to overreact to these sorts of news," said Carlos Casanova, senior economist at UBP in Hong Kong. "In order for that to be sustainable, we really want to see these measures materialise into actual reopening." Chinese blue chips, which hit a four month high the day before, lost 1.16% while the Hong Kong benchmark fell 1.83%. [.SS] EUROSTOXX 50 futures were down 0.57% and FTSE futures lost 0.68% before European markets opened. The losses in Asia followed a turbulent day on U.S. markets, with the S&P 500 index down more than 2% after data showed U.S. consumer confidence dropped to a 16-month low in June due to fears high inflation could cause the economy to slow significantly in the second half of the year. "It's all pointing to rising expectations of an economic slowdown, potentially a recession in the US economy, maybe as soon as this year," said Casanova. Renewed worries over the potential for a global recession drove investors into the safe haven dollar, and the dollar index remained firm at 104.5. The euro dropped 0.6% on the greenback overnight, and was little changed in Asia at $1.0506. The Japanese yen stood at 136.03 per dollar, not far off last week's 24-year low of 136.7. The yen has struggled as the Bank of Japan keeps monetary policy loose even as other major banks tighten, a point reiterated by BOJ governor Haruhiko Kuroda on Wednesday. The yield on 10-year U.S. Treasury notes fell seven basis points to 3.134%. Oil prices fell back slightly after three sessions of gains, but global supply tightness limited the losses. An overnight report suggested that Saudi Arabia and the United Arab Emirates are unable to raise output significantly in the near future. Brent crude futures fell 0.86% on the day to $116.96 a barrel. U.S. crude was down 0.72% to $110.94. Spot gold was flat, gaining 0.07% to trade at $1,820.7600 an ounce.
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Sam Bankman-Fried's FTX Looking At "Path" Toward Deal For Robinhood
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By Kevin Buckland and Sam Byford TOKYO (Reuters) - Shares rose broadly across Asia on Monday, building on morning gains and a Friday Wall Street rebound as sentiment improved and oil prices steadied, tempering fears of prolonged inflation. Treasury yields remained subdued and the dollar hovered near the lowest in more than a week as investors continued to assess the outlook for U.S. rate hikes, and the potential for a recession. Japan's Nikkei rallied 1.51%, while Australia's benchmark jumped 2.03% and looked set for its best day in more than six weeks. Chinese blue chips rose 1.17% and Hong Kong's Hang Seng advanced 2.39%. South Korea's KOSPI gained 1.83%. MSCI's broadest index of Asia-Pacific shares rose 1.81%. U.S. stock futures are up slightly by 0.8% after falling earlier in the day. On Friday, the S&P 500 surged more than 3%, adding to an almost 1% gain on Thursday. FTSE futures and EUROSTOXX 50 futures both rose 0.45% ahead of the start of European market trading. "I don't think anyone's got any smoking guns for this market right now," said Chris Weston, head of research at Pepperstone. "If you're looking for proper risk-on, all markets moving the same direction, correlation across asset classes going to 1, we’re not seeing that today." "The Aussie's the worst performer, the yen's the best performer, you're not seeing much love in crypto, there's no real move in the energy space. It's more of an equities story today." Crude oil fell in volatile trading on Monday as the market grapples with concerns that a global economic slowdown could depress demand versus worries about lost Russian supply amid sanctions over the Ukraine conflict. Both Brent and U.S. West Texas Intermediate (WTI) futures were flat on the day after back-and-forth trading in the morning. Brent is up 0.1% at $113.2 a barrel, while WTI fell 0.01% to $107.63. U.S. long-term Treasury yields hovered around 3.16% after bouncing off a two-week low just above 3% at the end of last week as traders removed bets for hikes next year, but still pondered if aggressive tightening this year could trigger a recession. Yields have dropped from 3.456%, the highest in more than a decade, reached before the mid-month Fed meeting. Then, the central bank hiked rates by 75 basis points, the biggest increase since 1994, and signalled that a similar move is possible in July. "The market remains focused in the trade-off between the policy response to high inflation and fears of a hard landing," Westpac rates strategist Damien McColough wrote in a client note. "There will be ongoing discussions as to whether long-end yields have peaked, however we would not yet expect 10-year yields to fall materially or sustainably below 3%." The dollar was steady on Monday, continuing to consolidate near the lowest since the middle of the month against major peers. The dollar index - which measures the currency versus six rivals - was little changed at 103.950, after gradually gravitating over the past few sessions toward the June 17 low of 103.83. Gold ticked 0.49% higher to $1,835.16 per ounce. Bitcoin was flat, trading at $21,170.88 after falling as low as $17,588.88 earlier this month.
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By Sam Byford TOKYO (Reuters) - Asian stocks slipped across the board on Wednesday, failing to extend Wall Street's rally as persistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.39%, still up 1.02% on the more than five-week low it hit on Monday. Tokyo's Nikkei gave up early gains and was flat. Investors are continuing to assess how worried they need to be about central banks pushing the world economy into recession as they attempt to curb red hot inflation with interest rate increases. The main U.S. share benchmarks rose 2% overnight on the possibility the economic outlook might not be as dire as thought during trade last week when the S&P 500 logged its biggest weekly percentage decline since March 2020. [.N] But the lift in sentiment did not last long with S&P 500 and Nasdaq futures both down nearly 1% on Wednesday while EUROSTOXX 50 futures lost 1.3% and FTSE futures shed 0.9%. "I think that this recent post-holiday bear market rally is a reflection of the uncertainty that investors have regarding whether we have seen the peak of inflation and Fed hawkishness or not – I think we're close," said Invesco global market strategist for Asia Pacific David Chao. "Even though I suspect global equity markets could end higher at the end of the year than where we are today, it's conceivable to expect continued market volatility until it becomes clear that the Fed is not going to force the U.S. economy into contraction in order to tamp down persistent levels of inflation." Chinese blue chips lost 0.44%, Hong Kong's Hang Seng Index fell 1.24% and South Korea's KOSPI was down 1.82%. U.S. Federal Reserve chair Jerome Powell is due to start his testimony to Congress on Wednesday with investors looking for further clues about whether another 75-basis-point rate hike is on the cards in July. Economists polled by Reuters expect the Fed will deliver a 75-basis-point interest rate hike next month, followed by a half-percentage-point rise in September, and won't scale back to quarter-percentage-point moves until November at the earliest. Most other global central banks are in a similar situation, apart from the Bank of Japan, which last week pledged to maintain its policy of ultra-low interest rates. The gap between low interest rates in Japan and rising U.S. rates has weighed on the yen, which hit a new 24-year low of 136.71 per dollar in early trading, before drifting firmer to 136.25. Minutes from the Bank of Japan's April policy meeting released Wednesday showed the central bank's concerns over the impact the plummeting currency could have on the country's business environment. Other currency moves were more muted on Wednesday, with the dollar index, which tracks the greenback against six peers, a touch firmer at 104.62. The yield on benchmark U.S. 10-year Treasuries was fairly steady at 3.2617%. Oil prices fell with U.S. President Joe Biden expected on Wednesday to call for a temporary suspension of the 18.4-cents a gallon federal tax on gasoline, a source briefed on the plan told Reuters. [O/R] Brent dropped 3.37% to $110.79 a barrel, while U.S. crude fell 3.71% to $105.46. Spot gold dropped 0.32%, trading at $1,826.72 an ounce. Bitcoin lost 6.54% from its Tuesday high, trading at $20,288 after falling as low as $17,592 last week.
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FTX Founder Sam Bankman-Fried Signs Billionaires’ Giving Pledge https://www.coindesk.com/business/2022/06/01/ftx-founder-sam-bankman-fried-signs-billionaires-giving-pledge/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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Sam Bankman-Fried could spend up to $1B in 2024 to thwart Trump comeback https://cointelegraph.com/news/sam-bankman-fried-could-spend-up-to-1b-in-2024-to-thwart-trump-comeback
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Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14 https://cointelegraph.com/magazine/2022/05/14/terra-ecosystem-collapses-sam-bankman-fried-buys-robinhood-stock-crypto-trader-receives-jail-sentence-ponzi-scheme-hodlers-digest-may-8-14
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Robinhood shares spike 30% after Sam Bankman-Fried buys $650M stake https://cointelegraph.com/news/robinhood-shares-spike-30-after-sam-bankman-fried-buys-650m-stake
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FTX CEO Sam Bankman-Fried Buys $56M Position in Robinhood https://www.coindesk.com/business/2022/05/12/ftx-ceo-sam-bankman-fried-buys-56m-position-in-robinhood/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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That's Sam Bankman's company
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--- all you newbies better RECOGNIZE that not every TRADE needs to exist. and uncle SAM and the homies at TDA/Robinhood would love for you to trade juan more time. so y'all better CHECK yo self before you rekt yo'self. OG status is risk mgmt and taxation avoidance cuz you aint tryna play games no mo! lol. ---------
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yea u just give Uncle Sam extra donation in form of penalty > @Navneet said: can we still file ?
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Sam Bankman-Fried: The Man, the Hair, the Vision https://www.coindesk.com/business/2022/04/14/sam-bankman-fried-the-man-the-hair-the-vision/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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(Reuters) - In the run-up to Tesla (NASDAQ:TSLA) Inc CEO Elon Musk's public disclosure of a $3 billion stake in Twitter Inc (NYSE:TWTR), the billionaire had criticized the micro-blogging site for failing to adhere to free speech principles and said he was contemplating building a new social media platform. The world's richest person in the past months has said he is a free speech absolutist, while being vocal against Web3, a term for a utopian version of the internet that is decentralized and whose commercial backbone is the non-fungible token (NFT). Twitter co-founder Jack Dorsey and Musk, though active proponents of cryptocurrencies, share skepticism around the metaverse, NFTs and Web3, what some deem to be the evolution of the internet. From ridiculing Twitter's new CEO to calling NFT profile pictures "annoying", here's a list of Musk's tweets and comments on Twitter, Web3, NFTs and free speech. Date Tweet March 15, Musk tweeted, "I'm selling this song about NFTs as an 2021 NFT." The tweet included a song with the lyrics - "NFT for your vanity. Computers never sleep. It's verified. It's guaranteed." The next day, he tweeted: "Actually, doesn't feel quite right selling this. Will pass." Dec. 1, Musk posted a meme comparing new Twitter CEO Parag Agrawal 2021 with Joseph Stalin Dec. 2, "Web3 sounds like bs”, said Musk, responding to a thread 2021 by OpenAI co-founder Sam Altman Dec. 21, Musk mocked the Web3 concept, in a tweet, he said, "Has 2021 anyone seen web3? I can't find it." Jan. 21, In a Twitter thread calling the NFT profile picture 2022 feature annoying, Musk said, "Twitter is spending engineering resources on this bs while crypto scammers are throwing a spambot block party in every thread!?" Feb. 22, Musk, known for creating original memes, tweeted an image 2022 mocking the progress of the world wide web, ridiculing Web3. March 5, In a tweet claiming some governments asked Starlink to 2022 block Russian news sources, Musk said, "Sorry to be a free speech absolutist." March 24, Former Twitter CEO Jack Dorsey said in a quote tweet, "The 2022 choice of which algorithm to use (or not) should be open to everyone" March 24, Musk asked in a poll if Twitter's algorithm should be open 2022 source. March 26, Musk said Twitter failing to adhere to free speech 2022 principles fundamentally undermines democracy and asked if a new platform was needed. April 4, In his first tweet since the disclosure of his stake in 2022 Twitter, he said, "Oh hi lol" April 4, Musk posted a Twitter poll asking users if they wanted an 2022 edit button. "Do you want an edit button?" Musk asked in the tweet, in response to which Twitter CEO Parag Agrawal said that the consequences of the poll will be important. "Please vote carefully," Agrawal tweeted. Agrawal April 5, tweeted https://twitter.com/paraga/status/1511320953598357505?s=21&t=Is9i_R_hPKzFuUV5VhxUZQ 2022 Musk is being appointed to Twitter's board. "Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board," the tweet said.
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intanto lo zio sam ci piazza il gasse a prezzi esosi e noi ok che bello!
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@SamXRG #LCMS Traders Club
Sam from Australia, look forward to connecting with you all.
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Sam Houston of Mexican war fame (alamo etc) his dad came from a small village about 6 miles from were i was brought up
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SAM with a new low lol
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**GUERRA IN UCRAINA** Ministro degli Esteri russo Lavrov: nessuno qui oggi discuteva di un cessate il fuoco. Tutte le questioni pratiche sono discusse nei colloqui in Bielorussia. Non vogliamo mai più dipendere dall'occidente: nazioni o aziende. Non abbiamo mai usato petrolio e gas come armi. Lo zio Sam non potrà mai più distruggere la nostra economia. Abbiamo mercati per la nostra energia e avremo sempre mercati. Ci sarà una guerra nucleare? Il ministro degli Esteri russo Sergei Lavrov ha risposto: Non voglio crederlo e non credo.
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Kurzum, es geht da umdie Problematik das der Stable Coin UST von Terra dort genutzt wurde und dadurch das SAM, der Gründer von FTX wegen strangen Überweisungen von einem der Devs von Wonderland seine ganzen Funds die er mittels Alameda Research bei Wonderland (TIME) investiert hatte komplett abgezogen hat, ergo ging dann die Panikwelle los. Im Details bin ich da auch nicht drin, aber das Vertrauen ist weg und LUNA UST leider (unberechtigter weise) in Mangelhaft genommen wurde
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By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy notched its strongest growth in nearly four decades in 2021 after the government injected trillions of dollars in COVID-19 relief, and is seen soldiering on this year despite headwinds from the pandemic, strained supply chains as well as high inflation. The Commerce Department's report on Thursday showed the economy accelerating in the fourth quarter as businesses replenished depleted inventories to meet strong demand for goods. Last year's robust growth supports the Federal Reserve's pivot towards raising interest rates in March. Fed Chair Jerome Powell told reporters on Wednesday after a two-day policy meeting that "the economy no longer needs sustained high levels of monetary policy support," and that "it will soon be appropriate to raise" rates. The sharp rebound in growth last year could offer some cheer for President Joe Biden whose popularity is falling amid a stalled domestic economic agenda after the U.S. Congress failed to pass his signature $1.75 trillion Build Back Better legislation. It, however, could diminish prospects of more money from the government. The government pumped nearly $6 trillion in pandemic relief. "While Omicron will lead to weaker growth in the first quarter, activity is expected to rebound nicely once the latest pandemic wave abates and supply-chain glitches ease," said Sal Guatieri, a senior economist at BMO Capital Markets in Toronto. "The Fed will need to be 'humble and nimble' as it navigates underlying economic strength, worsening labor shortages, and stubbornly high inflation." The economy grew 5.7% in 2021, the strongest since 1984. It contracted 3.4% in 2020, the biggest drop in 74 years. The stunning reversal came as gross domestic product increased at a 6.9% annualized rate in the fourth quarter. That followed a 2.3% growth pace in the third quarter. Economists polled by Reuters had forecast GDP growth rising at a 5.5% rate last quarter. Estimates ranged from as low as a 3.4% rate to as high as a 7.0% pace. The momentum, however, appears to have faded by December amid an onslaught of COVID-19 infections, fueled by the Omicron variant, which contributed to undercutting spending as well as disrupting activity at factories and services businesses. Inventory investment increased at a $173.5 billion rate, contributing 4.90 percentage points to GDP growth, the most since the third quarter of 2020. Businesses had been drawing down inventories since the first quarter of 2021. Spending shifted during the pandemic to goods from services, a demand boom that pressured supply chains. Excluding inventories, GDP grew at a moderate 1.9% rate. JOBLESS CLAIMS FALL Growth last quarter was also lifted by a jump in consumer spending in October before retreating considerably as Omicron spread across the country. Consumer spending, which accounts for more than two-thirds of economic activity, grew at a 3.3% rate after rising at a 2.0% pace in the third quarter. It has been hampered by shortages of motor vehicles and other goods. A global chip shortage is hurting production. Reduced household purchasing power, with inflation way above the Fed's 2% target, also hindered consumer spending at the tail end of the fourth quarter. Support to GDP growth last quarter also came from business spending on equipment, which rebounded after being held back in the July-September period by shortages of trucks. Trade made no contribution after being a drag on GDP growth for five straight quarters, while investment in homebuilding contracted for a third consecutive quarter. The sector is being constrained by expensive building materials, which has resulted in a record backlog of homes yet to be built. There are, however, signs that the impact from the Omicron-driven outbreak in infections is easing. A separate report from the Labor Department on Thursday showed initial claims for jobless benefits dropped 30,000 to a seasonally adjusted 260,000 during the week ended Jan. 22. Claims shot up to a three-month high in early January. Unadjusted claims tumbled 73,357 to 267,573 last week. There were sharp declines in Illinois, Kentucky, Texas, New Jersey, New York as well as Pennsylvania. The labor market is viewed as being at or close to maximum employment. Employers are desperate for workers, with 10.6 million job openings at the end of November. Though the economy appears to have hit a soft patch in the first quarter because of challenges from the never-ending pandemic, the worst inflation in decades, supply chain bottlenecks and upcoming interest rate increases, a pickup is anticipated by the second quarter. Growth estimates for the year are as high as 3.9%. "We see the economy continuing to grow above its natural speed limit through this year amid still-solid demand, a need to replenish severely depleted inventory levels and manufacturers' obligation to meet record levels of backlogged orders," said Sam Bullard, a senior economist at Wells Fargo (NYSE:WFC) in Charlotte, North Carolina.
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Lol SAM is green
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Guess what, SAM is up 6% lol
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who the fck cancelled their online SAM order?
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It really does take a market down da for SAM to run lol
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come on SAM..didn't see it broke 500 again
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@EmporosAdmin #Emporos Research
That 200k influencer coinmamba was fighting with Sam founder of FTX saying solana was worthless at $3.00.
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nice fkn close in SAM! on the high and good volume
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Bitcoin pushes for $50K! Is the downtrend finally over? | Tune in now to The Market Report w/ Sam Bourgi https://cointelegraph.com/news/bitcoin-pushes-for-50k-is-the-downtrend-finally-over-tune-in-now-to-the-market-report-w-sam-bourgi
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SAM covered 20+% in 10 sessions
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