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The governor of Russias Sakhalin region said a possible return of Exxon to the region would be beneficial.On September 4th, Shell and BP gas stations in Indonesia were experiencing fuel shortages due to supply constraints caused by import restrictions. Shell stated in a statement on its website that some stations have temporarily suspended supply of three gasoline brands sold in Indonesia, with a resumption date yet to be determined. According to Kepler data, Indonesias gasoline imports are subject to government quotas, and as of the end of August, gasoline imports had fallen 22% year-on-year.JPMorgan Chase: Lowered Salesforces target price from $380.00 to $365.00.1. WTI crude oil futures trading volume was 862,360 contracts, down 121,083 contracts from the previous trading day. Open interest was 1,980,251 contracts, down 7,610 contracts from the previous trading day. 2. Brent crude oil futures trading volume was 154,133 contracts, down 75,684 contracts from the previous trading day. Open interest was 200,035 contracts, down 21,176 contracts from the previous trading day. 3. Natural gas futures trading volume was 457,627 contracts, down 115,216 contracts from the previous trading day. Open interest was 1,615,177 contracts, down 20,492 contracts from the previous trading day.On September 4th, HSBC released a report stating that it had raised its year-end target for the S&P 500 again, from 6,400 to 6,500 points, following its initial August target increase. This was the second increase in less than a month, primarily driven by stronger-than-expected second-quarter corporate earnings. HSBC cited strong second-quarter earnings momentum, particularly in technology and financial stocks, as companies indicated the impact of tariffs would be modest. Furthermore, HSBC expects the Federal Reserve to cut interest rates in September, with a total of 0.75 percentage points expected through 2026, compared to the consensus estimate of a cumulative reduction of over 1.25 percentage points. HSBC also raised its S&P 500 earnings per share growth forecast for this year from 9% to 12%, surpassing the market average of 11%. In response to the higher EPS growth forecast, the S&P 500s year-end target was raised, with the best-case scenario remaining at 7,000 points and the worst-case scenario at 5,700 points.

Terra Classic Price Predictions: Where Will LUNC Go After Major Rally?

Cory Russell

Sep 02, 2022 14:33

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Terra Classic is one of the cryptocurrencies that has angered the crypto community this year (LUNC-USD). The Terra blockchain, which formerly hosted algorithmic stablecoin UST, has since abruptly imploded. Even yet, given this coin's spectacular return, investor interest in Terra Classic price forecasts is still quite strong.


As the network's development staff seemed to have abandoned the Terra community, Terra Classic fell as low as $0.00001675, or a quarter of a cent. Today, this currency increased by almost 55%, reaching $0.00028. (only three zeros rather than four). This occurs when the Terra community experiences an improvement in investor sentiment as a result of news about weekly token burning.


Unlimited coin issuances made to maintain Terra Classic's old UST stablecoin have been one of the main causes of its sharp drop. However, now that Terra Classic has left the algorithmic stablecoin game behind, developers have proposed token burn strategies to address the inflation problem.


Notably, the Y5 cryptocurrency exchange said this week that it would support the implementation of these weekly token burning. A 1.2% effective tax on all transactions will be burnt, reducing the market's supply of LUNC. This is advantageous for LUNC cryptocurrency investors.

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