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Oct 20 2024FINANCE

October 18th's Mega Millions Draw: What You Need to Know

Did you check your Mega Millions tickets yet? No one hit the big $185 million jackpot on Friday, October 18th. But hey, don't feel too bad—there were thousands of other winners in Ohio who got smaller prizes. Want to know the lucky numbers? They were 4, 9, 26, 39, 58, and the Mega Ball was 23. The

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Oct 20 2024FINANCE

Bitcoin's Lost Tokens: A Hidden Factor in Price Increases

You might have heard about bitcoin's price going up because of things like trade deficits and the dollar losing value. But there's another reason that not many people talk about: lost bitcoins. When people die or forget how to access their bitcoin wallets, those tokens are gone for good. This is lik

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Oct 19 2024FINANCE

Power Crisis in Cuba: 10 Million Left in the Dark

Imagine waking up one morning with no electricity. That's what happened to the entire population of Cuba recently. The island's power grid failed, leaving 10 million people without any electricity. The cause? One of the main power plants stopped working at around 11 a. m. , leading to a total grid f

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Oct 19 2024FINANCE

Bitcoin: Not Ready for Shopping Sprees Yet?

Neel Kashkari, the Minneapolis Fed President, isn't convinced that Bitcoin is ready to replace traditional currency. He hasn't seen anyone use it to buy everyday items, and he thinks it's more like a gamble than a safe investment against inflation. However, a recent study shows that Bitcoin's value

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Oct 18 2024FINANCE

AI's Secret Weapon: Fighting Fraud in Uncle Sam's Billions

You know how banks use AI to catch fraud? Well, Uncle Sam is doing the same thing! The US Treasury Department just used AI to catch $1 billion in check fraud alone last year. That's huge! And it's not just checks. They stopped over $4 billion in fraud overall. How? By using machine learning to dig t

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Oct 18 2024FINANCE

TSM's Bright Future: Why Experts are Excited

Brad Lin, an analyst from Bank of America Securities, is really positive about Taiwan Semiconductor Manufacturing (TSM). He's even increased their price target to $215. 00. Why all the excitement? TSM had a fantastic third quarter, with earnings that beat everyone's expectations, including Lin's. Th

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Oct 18 2024FINANCE

Money Matters: FEMA's Funding Dilemma

Imagine 2024, a year filled with one disaster after another. The Federal Emergency Management Agency (FEMA) was in a tight spot, with their emergency funds running low. Some people suggested using funds meant for migrants to help hurricane victims. But hold on! That money has a specific purpose and

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Oct 18 2024FINANCE

Roblox Stock Dives After Allegations of False Metrics and Safety Issues

A prominent short seller, Hindenburg Research, revealed that it bet against Roblox, a kids' gaming platform, accusing the company of exaggerating user activity and failing to protect children from disturbing content. Roblox, with a market value of around $25 billion as of Tuesday, has seen its stock

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Oct 18 2024FINANCE

China's Economy: Struggling, but Stimulated

Have you ever wondered what happens when a huge economy like China's starts to slow down? Well, it's a big deal, and it's happening right now. China's economy is growing at its slowest pace in months. This is because of problems like a crashing property market, people not buying much, and prices goi

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Oct 18 2024FINANCE

Seeing Patterns: Why Some Stocks Can Feel Like a Bet

Investment strategist Doug Cohen from Fiduciary Trust International covered a lot of ground in a recent interview with Quartz. Talking about the volatile world of stocks, especially those related to Trump Media, he highlighted the speculative nature of such investments. How can you tell if a stock

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