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Why Shiba Inu Is Jumping Today

TheMotleyFool

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Shiba Inu (CRYPTO: SHIB) is rising, up 3.9% in the last 24 hours as of 6:10 p.m. on Tuesday. The move comes as the S 500 and the Nasdaq Composite gained 0.9% and 1.3%, respectively.

Shiba Inu joined a broader crypto rally today, breaking a punishing multi-week slide. Employment figures from the Federal Reserve Bank of Cleveland yesterday are raising expectations that another rate cut is in store.

United States labor law requires that workers be given 60 days' notice in the event of mass layoffs or plant closings. These Worker Adjustment and Retraining Notification Act (WARN) notices have been tracked monthly since 2006.

Source Fool.com

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