Wed, Jan 4, 2023 6:15 PM
Magic Eden blames third-party for display of inappropriate images as NFTs
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Indian equity markets will be closed on Monday, June 17, for Bakri Eid, with all segments including equity, derivatives, and SLB shut. This marks a long weekend for market participants, the first since March 2024. The MCX will be closed in the morning but reopen for the evening session from 5:00 PM. Prior to the holiday, Indian equity indices closed at new highs.
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Verizon Communications offers a 6.7% dividend yield, outshining peers with its high yield and competitive position in the 5G market. With capex expected to decrease in 2024 and beyond, the stock could rebound, driven by rising wireless equipment revenue and a strong competitive position. Trading at a forward P/E ratio of 8.9x, Verizon appears undervalued compared to the S&P 500's 28x ratio.
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Taylor Swift's Eras Tour is boosting consumer spending in the UK, potentially complicating the Bank of England's efforts to control inflation. The influx of hundreds of thousands of fans could stimulate the economy, potentially delaying a potential interest rate cut in September. The tour could add up to 30 basis points to services inflation and 15 basis points to headline inflation.
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