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Year: 2024

Judge’s ruling opens door for legal betting on congressional elections

Judge’s ruling opens door for legal betting on congressional elections

For the first time in U.S. history, residents are now legally allowed to bet on the outcome of congressional elections. This unprecedented opportunity emerged on Thursday after a judge ruled in favor of permitting such wagers, a decision that has placed Kalshi, a New York-based startup, at the center of this groundbreaking development. Shortly after the ruling, Kalshi began accepting bets on which political party would gain control of the Senate and House in November’s elections. The company, which offers “prediction contracts” — simple yes-or-no bets on political outcomes — is operating under a temporary allowance, as the legality of…
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ECB reshapes monetary policy with a focus on deposit facility adjustments

ECB reshapes monetary policy with a focus on deposit facility adjustments

September proved to be a pivotal month for the European Central Bank (ECB), as it announced significant updates to its monetary policy framework. On September 18, the ECB made adjustments to two of its three key reference interest rates, signaling a renewed focus on the deposit facility. This move underscores the ECB’s efforts to fine-tune its policies and ensure the effective transmission of monetary decisions across the eurozone economy. The deposit facility, often overlooked outside financial circles, has now taken center stage in the ECB’s strategy. While it may seem technical, this mechanism plays a vital role in shaping the…
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Survivors share chilling accounts of the Uvalde school shooting as community grapples with loss

Survivors share chilling accounts of the Uvalde school shooting as community grapples with loss

The devastating tragedy at Robb Elementary School in Uvalde, Texas, has left the community in shock, with harrowing testimonies from survivors shedding light on the events of the fateful day. On Tuesday, an 18-year-old gunman, Salvador Ramos, entered the school and carried out a horrific attack, resulting in the deaths of 19 children and two teachers. As details continue to emerge, two young survivors have shared their accounts of how they managed to survive the massacre. Miah Cerrillo, an 11-year-old student, recounted the terrifying moments when the shooter entered her classroom. Speaking to CNN, she described how Ramos immediately killed…
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Andalusian president seeks stronger ties with China through high-profile trade mission

Andalusian president seeks stronger ties with China through high-profile trade mission

Juanma Moreno, President of the Junta de Andalucía, has embarked on an institutional visit to China, aiming to bolster Andalusia’s presence in key industrial and tourism markets across Asia. Running until September 5, the mission is designed to position the autonomous region as an attractive hub for major Chinese corporations and affluent travelers. This diplomatic endeavor unfolds amid ongoing trade tensions between China and the European Union. Despite these challenges, Andalusia has emerged as a strategic entry point for Chinese businesses, particularly in the renewable energy and automotive sectors. In recent years, the region has successfully attracted 15 Chinese business…
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Kamala Harris outpaces Donald Trump in fundraising efforts for the upcoming election

Kamala Harris outpaces Donald Trump in fundraising efforts for the upcoming election

In a significant move ahead of the 2024 U.S. presidential election, Vice President Kamala Harris’ campaign reported an impressive fundraising haul in August, surpassing former President Donald Trump’s fundraising by a considerable margin. Harris, who officially launched her candidacy earlier this year, raised $361 million in just one month, a sum more than double what Trump’s campaign raised during the same period. This record-breaking amount came from nearly three million individual donors, highlighting the widespread support and enthusiasm surrounding her candidacy. In contrast, Trump’s campaign reported raising $130 million in August. Despite the strong figure, it fell far behind Harris’s…
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Berkshire Hathaway reaches new milestone with impressive growth and stability

Berkshire Hathaway reaches new milestone with impressive growth and stability

Berkshire Hathaway, the investment firm led by Warren Buffett, has achieved a remarkable milestone, becoming the first U.S. technology company to surpass a $1 trillion market capitalization. This achievement has drawn attention not only for its scale but also for the way it outperformed major technology players like Apple, Microsoft, Amazon, and Nvidia—until it was overtaken by the Saudi Arabian oil giant, Aramco, in the global markets. Buffett’s conglomerate is on track to achieve a 30% growth for the year, with much of this success driven by strong performances in its core insurance operations and a broader positive outlook on…
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