NEW - UK’s second largest supermarket chain, Sainsbury's, to remove Grinch Christmas card after it was called "transphobic" and that it "invalidated the lived experiences of trans people."
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Stock exchanges are so boring compared to this 1600s alternative...
The Dojima Rice Exchange in 17th century Japan (aka world’s first futures market) had some crazy quirks:
Opening bell? Lame!
• Each day, officials lit a cord on fire, and trading continued until it went out.
• Price at extinguishment = official closing price.
• Still trading after close? Officials dumped water on such traders.
Investors gaming the system:
• Traders on a hot streak would fan the flame to keep the fire burning longer.
• Traders losing money would blow the flame out to end trading.
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The Dojima Rice Exchange in 17th century Japan (aka world’s first futures market) had some crazy quirks:
Opening bell? Lame!
• Each day, officials lit a cord on fire, and trading continued until it went out.
• Price at extinguishment = official closing price.
• Still trading after close? Officials dumped water on such traders.
Investors gaming the system:
• Traders on a hot streak would fan the flame to keep the fire burning longer.
• Traders losing money would blow the flame out to end trading.
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NEW: SOFI LAUNCHES SOFIUSD STABLECOIN ON ETHEREUM TO OFFER SETTLEMENT INFRASTRUCTURE FOR BANKS AND FINTECHS
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NEW: KRAKEN-BACKED XSTOCKS LAUNCHES ON TON WALLET IN ‘NEARLY ALL MARKETS’ - VIA COINTELEGRAPH
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“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.” Bitcoin
― Satoshi Nakamoto
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― Satoshi Nakamoto
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Turkey is seeking to return the S-400 air defense systems it purchased from Russia in an effort to improve relations with the United States.
Bloomberg
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Bloomberg
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BREAKING: White House Economic Advisor Kevin Hassett says it’s appropriate to lower interest rates right now
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This is absolutely insane:
Inflation in the US just unexpectedly posted one of the largest monthly declines since 2023.
While a +10 basis point increase in inflation was expected, it actually FELL by -40 basis points.
This puts Core CPI inflation in the US at its lowest level since March 2021.
According to this data, inflation is now at its closest point to the Fed's 2% target since the pandemic.
2026 is going to be a wild year.
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Inflation in the US just unexpectedly posted one of the largest monthly declines since 2023.
While a +10 basis point increase in inflation was expected, it actually FELL by -40 basis points.
This puts Core CPI inflation in the US at its lowest level since March 2021.
According to this data, inflation is now at its closest point to the Fed's 2% target since the pandemic.
2026 is going to be a wild year.
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BREAKING - Newly uncovered radio transmissions from Providence police responding to the Brown University shooting reveal officers delayed entry, staging outside during crucial moments as the suspect escaped.
People need to go to jail for incompetence.
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People need to go to jail for incompetence.
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