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20.02.26 - 13:42
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Cryptos Firm Ahead Of PCE & GDP Data From U.S. (AFX)
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WASHINGTON (dpa-AFX) - Cryptocurrencies are trading firmly in positive territory even as world markets wait anxiously for two key economic data from the U.S. December month's update on the Fed's p......
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20.02.26 - 13:18
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Trump Ups Pressure on Iran; Blue Owl Sold Private Loans to Pay Investors | Bloomberg Brief 2/20/2026 (Bloomberg)
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US equity futures climb as markets await the December PCE inflation data. President Trump urges Iran to reach a deal over its nuclear program in 15 days, while the US carries out the biggest military buildup in the Middle East since 2003. Blue Owl is said to have found four buyers for a $1.4 billion portfolio of loans to help pay out investors. Cayla Seder of State Street discusses the risks in private credit. (Source: Bloomberg)...
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20.02.26 - 13:01
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Trump′s Iran Ultimatum, UK Posts Biggest Ever Budget Surplus | The Opening Trade 2/20/2026 (Bloomberg)
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The US military is stationing a vast array of forces in the Middle East, including two aircraft carriers, fighter jets and refueling tankers, with President Donald Trump saying that Iran had 10 to 15 days at most to strike a deal over its nuclear program.
Britain recorded the biggest budget surplus on record as a bumper month for the public finances was augmented by a surge in inflows of capital gains tax and lower debt payments.
Revenue exceeded spending by £30.4 billion ($41 billion) in January — £15.9 billion more than the gap a year earlier, according to official statistics released Friday. The figure was higher than the £24 billion forecast by economists and the Office for Budget Responsibility. (Source: Bloomberg)...
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20.02.26 - 12:36
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Hospitality workers: tell us about the worst or rudest customers you ever dealt with (The Guardian)
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We would like to hear your story of serving a nightmare patronA diner in a Sydney restaurant has been caught on CCTV sprinkling armpit hair into their food “in attempt to get a free meal”. After confronting the head chef, the man allegedly then left without paying, having ordered the most expensive items on the menu.With this delightful story in mind, do you have a story of dealing with a rude or generally bad customer while working in hospitality? Continue reading......
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20.02.26 - 12:18
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Spot The Odd One Out: US Defense Spending By President (ZeroHedge)
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Spot The Odd One Out: US Defense Spending By President
Since 1997, U.S. defense spending has moved through multiple cycles, but the long-term trajectory is upward.
This chart, via Visual Capitalist's Bruno Venditti, tracks National Defense (Function 050) budget authority in constant 2025 dollars and shows how totals changed under each president and party, culminating in a proposed record $1.5 trillion budget for 2027P.
Data is sourced from the Office of Management and Budget (OMB) Historical Tables, Table 5.1 (National Defense budget authority), supplemented by Reuters reporting for the 2027 proposal. It also leverages analysis from the Council on Foreign Relations.
Steady Growth Through the 2000s and 2010s
In the late 1990s, under President Clinton, U.S. defense spending sat around the mid-$500 billion level in real terms.
Spending rose significantly in the 2000s during the Bush years amid the wars in Afghanistan and Iraq, reaching levels above $900 billion before 2010.
Continued high b...
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20.02.26 - 12:18
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HSBC cuts 10% of US debt team as restructuring gathers pace (SCMP)
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HSBC has cut about 10 per cent of its US-based debt capital markets team as part of an ongoing cost-cutting drive and broader restructuring announced in October 2024, according to media reports.
At least six staff in New York were laid off on Thursday, Bloomberg reported, citing people familiar with the matter. Those affected included a managing director, two directors, two associates and an analyst.
Europe's largest lender by assets, and one of Hong Kong's biggest banks, unveiled a sweeping......
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