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X Money is finally live and in the wild as the social media based Fintech is now offering services to US premium customers with expanded rollout anticipated to take place over time. Current offerings include “industry leading” APY of 6% on deposits, 3% cash back on purchases and up to $10 million in FDIC insurance…
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The rupee depreciated on Tuesday as rising crude oil prices and persistent risk-off sentiment weighed on the local currency, dealers said. It settled at 94.83 per dollar, against the previous close of 94.49 per dollar, marking its sharpest single-day decline since July 14. The rupee, which had remained largely unchanged in the previous two…
What would it take for Mercedes Benz stock to re-rate higher? Citi weighs in
The S&P 500 (^GSPC -1.82%) has risen around 11% this year as I write. And by one valuation gauge with data going back to 1871, investors have rarely paid more for it. That gauge is the cyclically adjusted price-to-earnings ratio (CAPE ratio), popularized by Nobel Prize-winning economist Robert Shiller. Rather than a year of profits,…
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