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California’s $20 Fast Food Minimum Wage Sparks Debate Over Automation and Job Losses Republicans are voicing concerns that California’s recent implementation of a $20 minimum wage for fast food workers could lead to an increase in automation, such as self-checkouts and “robot cooks,” in the industry. This new wage requirement, effective from Monday, represents a […]
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Gold Prices Soar to Record Highs Amid Global Tensions, Predicted to Reach $3,000 in 2024 Gold prices have surged to unprecedented levels in 2024, reaching a record high of $2,254 on Tuesday. Investors who entered the market early this year are seeing substantial returns, with the XAU/USD gold spot index showing resilience and maintaining positive […]
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Spot Bitcoin ETF Trading Volumes Decline Amid Market Volatility On Monday, the collective spot Bitcoin exchange-traded funds (ETFs) in the U.S. experienced a shift to net outflows, breaking a streak of net inflows recorded each trading day of the previous week, which amounted to a total of $860 million. Despite BlackRock’s leading IBIT ETF bringing […]
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U.S. Approves Major Offshore Wind Project off Massachusetts, Advancing Biden’s Climate Goals On Tuesday, the U.S. Interior Department sanctioned the nation’s eighth large-scale offshore wind farm, set to be established off the Massachusetts coast, capable of supplying electricity to over 900,000 households. This development is significant as it marks a significant step toward achieving President […]
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German Price Expectations Hit Three-Year Low, ECB Interest Rate Cut Anticipated In March, German firms reported a significant drop in price expectations, reaching a three-year low, according to the Ifo institute. This decrease suggests that inflation may soon dip below the European Central Bank‘s (ECB) target, potentially in the upcoming months. “Inflation is still on […]
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