President Joe Bidens administrationhas called for stronger regulatory controls over Bitcoin BTC/USD and other cryptocurrenciesin response to the scandal, potential fraud, and money lost through the collapse of Sam Bankman-Frieds FTX FTT/USD exchange and sister company, quantitative investment firm Alameda. White House Press SecretaryKarine Jean-Pierresaid, Without proper oversight, crypto risks harming everyday Americans, so this
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Tesla, Inc TSLA was up over 1% onMonday morning after trading flat during Fridays shortened trading session. Rare protests erupted in China over the weekend after the government continued to tighten itsCOVID-19 restrictions. Lockdowns in Shanghai, where half of Teslas global production is manufactured, threaten the EV giant's revenues for the fourth quarter, which is
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The GOP is locked in a battle with Arizonas Maricopa County over its handling of the midterm elections, with Republicans claiming voter disenfranchisement and demanding certification delays as election officials vow to move ahead. The campaigns of Republican gubernatorial nominee Kari Lake and Republican secretary of state nominee Mark Finchem have called for an election
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Public health officials have repeatedly warned that the U.S. will likely face another wave of COVID-19 infections as the weather gets colder and people travel and gather for the holidays.  But it doesnt seem to be convincing a checked-out public to get vaccinated.  New COVID-19 booster shot uptake remained low heading into the Thanksgiving holiday,
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Risk appetite has perked up in the financial markets amid hopes of a Fed pivot. Cryptocurrencies, however, have been lagging, with the exception of a few coins. Dogecoin DOGE/USD was an outperformer among the top cryptocurrencies this week. What Happened: Doge started Mondays session around $0.077 and remained largely bound under the $0.082 level until
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Twitter CEO Elon Musk reinstated former PresidentDonald Trump'sTwitter account last week following a platform poll asking users whether Trump's account should be restored. His account wasbanned following the Jan. 6 attack on the U.S. Capitol. However, Trump said he was not interestedin returning to Twitter. Instead, announcing he would stick with his own social media
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The legal challenges facing the Biden administration over its student loan forgiveness program is leaving borrowers in limbo as the White House is now forced to halt administering the program until the Supreme Court rules on the matter. Spirits among advocates were high when the program was announced in August, when Biden promised $10,000 in
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Prof Michael Clarke analyses the latest situation on the ground in Ukraine, with Russia suffering heavy troop losses in the Donbas region. He explains how the Zaporizhzhia nuclear power plant and three others remain under continued attack and have gone offline from the main electricity grid, now relying on backup generators. The strategy of attacking
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