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BBB Ep 16 - Bitcoin bounces, equities ease; Total's attractions; DA's uMngeni turning around; PM succession hurts UK economy

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After a bright start, the US stock market closed lower last night - initially helped by better than expected numbers from Goldman Sachs, then knocked by bad news from Apple and IBM. Bitcoin is enjoying fresh demand after holding above its key support level of $20k this month - it rose to almost $23k last night before settling at $22k - reason: US interest rates unlikely to be raised as aggressively as anticipated. Also in today's BizNews Breakfast Briefing, energy group Total stands out as an 'innocent bystander' of the share market rout; the DA is creating an excellent 'prospectus' for KZN with its turnaround of previously hapless uMngeni municipality; and UK scoring own goals for the economy (and the Tories) through its fractious PM succession race. Learn more about your ad choices. Visit megaphone.fm/adchoices
19 Jul 2022 12AM English South Africa Investing · Business News

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