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Monthly Archives: June 2021

Chip shortage causes Ford to slash vehicle production at several plants in July

[CNBC] Ford is significantly cutting its North American vehicle production in July due to an ongoing shortage of semiconductor chips impacting the global automotive industry.The automaker plans to idle or reduce production at eight plants, including six in the U.S., for varying periods of time into early August due to the problem.Production of the Ford […]

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Crypto-friendly travel site marks U.S. debut with dogecoin payment option

[CNBC] GetYourGuide began selling activities, attractions and tours in the U.S. this week.The Berlin-based travel site also will for the first time accept dogecoin as payment.The firm joins a growing list of travel companies jumping on the crypto bandwagon.Germany-based travel site GetYourGuide has debuted U.S. offerings and the ability to pay with dogecoin. German travel […]

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‘Rich Dad Poor Dad’ author Robert Kiyosaki says an epic market crash is coming – and tells investors to buy bitcoin, gold, and silver

[Markets Insider, Getty Images] The “Rich Dad Poor Dad” author Robert Kiyosaki expects a historic crash across financial markets.Kiyosaki advised investors to buy gold, silver, and bitcoin ahead of a downturn.The personal-finance guru cheered on Robinhood and Reddit traders earlier this year.Financial markets are barreling toward a brutal downturn, and investors should bank on cryptocurrencies […]

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‘Fool’s Gold’ Actually Contains a Newly Discovered Type of Real Gold, Scientists Find

[Science Alert, Wikimedia Commons] The mineral pyrite was historically nicknamed fool’s gold because of its deceptive resemblance to the precious metal. The term was often used during the California gold rush in the 1840s because inexperienced prospectors would claim discoveries of gold, but in reality it would be pyrite, composed of worthless iron disulfide (FeS₂). Ironically, pyrite […]

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There Is Only One Other Planet In Our Galaxy That Could Be Earth-Like, Say Scientists

[Forbes, Wikimedia Commons] It’s you and me, Kepler−442b. What does it take for an alien exoplanet to host life as we know it? A lot, as it turns out.  Despite a paper last year claiming that there may be 300 million planets in our galaxy that are “potentially habitable,” new research published in the Monthly Notices of the Royal Astronomical Society confounds […]

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‘Up until yesterday, I had been a millionaire’

[CNBC, Glauber Contessoto] This 33-year-old dogecoin investor refuses to sell despite losing over $167,000 in one day Glauber Contessoto says that he invested over $250,000 in dogecoin on Feb. 5 with a belief that he’d become a millionaire — and on April 15, he did. But on Monday, the top cryptocurrencies by market value — including bitcoin, ether and […]

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Dogecoin Headed To 5 Cents After Losing Crucial Support Level

[Benzinga, UnSplash] Not Even Elon Musk Can’t Save It, Says Bitcoin Bull Pseudonymous cryptocurrency analyst Tyler Durden said on social media that even Tesla Inc (NASDAQ:TSLA) CEO Elon Musk cannot save Dogecoin (CRYPTO: DOGE) from hitting a “programmed” 0.05 level. What Happened: Durden, a known Bitcoin bull,  posted a chart on Twitter and claimed that Musk’s tweets could not rescue […]

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Supreme Court rules against NCAA, opening door to significant increase in compensation for student athletes

(CNN) A unanimous Supreme Court said on Monday that student athletes could receive education-related payments, in a case that could reshape college sports by allowing more money from a billion-dollar industry to go to the players. Justice Neil Gorsuch delivered the opinion of the court. College sports raise billions of dollars from ticket sales, television contracts and merchandise, […]

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Why you should almost always use a credit card over a debit card

[CNBC] Many people’s first experience paying with plastic instead of cash is their debit card, which gives consumers direct access to the money in their checking account. But while debit cards have certain advantages over credit — they don’t let consumers easily rack up debt the same way that credit cards do, for example — they […]

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