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Favourable weather helped Sainsbury’s to grow sales in the last quarter, it announced on Tuesday, as it remained the sector’s strongest performer. At 291.6p per share, the FTSE 100 retailer rose 0.6% on the news. Like-for-like sales across the company’s core Sainsbury’s grocery and Argos general merchandise divisions rose 4.9%…
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The U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (“GENIUS”) Act in June 2025, regulating stablecoins and the Act is now headed to the House of Representatives to be reconciled with the House’s Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act. GENIUS represents a landmark milestone not only for the cryptocurrency industry, but also for the U.S. tax system. While the GENIUS Act establishes a tight regulatory framework for a novel use of digital currency in the U.S. market and it is backed by the U.S. dollar, enforcement will be challenging. The act…
The new high for the Nasdaq 100 and the closeness of a new high for the S&P 500 have bulls excited. It’s too bad that key breadth measures are failing to confirm the price move. The NYSE advance/decline index is a problem for the markets advance from the early April lows. So is the “bullish percent index” for the two stock indexes. If you study the message sent from the price charts, it’s unnecessary to connect it to the latest news stories. War in the Middle East. A new mayor of New York. Criminals posing at ICE agents. There’s a…
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