Author: Anthony M. Orbison

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Palantir and Anduril, two of the largest US defence technology companies, are in talks with about a dozen competitors to form a consortium that will jointly bid for US government work in an effort to disrupt the country’s oligopoly of “prime” contractors.The consortium is planning to announce as early as January that it has reached agreements with a number of tech groups. Companies in talks to join include Elon Musk’s SpaceX, ChatGPT maker OpenAI, autonomous shipbuilder Saronic, and artificial intelligence data group…

Like many frequent cruisers, I pay for an annual medical insurance policy. This covers me if anything ever goes wrong and I need medical attention on a ship.I had always assumed I was protecting myself from extreme situations. Fear has always been that due to my general clumsiness, I might break an ankle or otherwise hurt myself in a way that required medical evacuation.Related: New scam targets Royal Caribbean passengersBeing evacuated in an emergency can cost tens of thousands of dollars and is generally not covered by your regular health insurance.I always assumed that I was being overly cautious just…

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting…

happy-multi-generation-family-talking-while-taking-a-walk-on-a-hill-SmartAsset-Sandwich-Generation-2 Inflation over the last few years has made a bad situation worse for many households. Financial dependency now has aging parents living with their adult children and their adult children footing the bill for their parent’s ill-planned retirement. All while also trying to raise kids, buy a house, pay off student loans and save for their own retirement. The result? A continuous cycle of financial dependency based on generational enablement. Below we’ll look at what is called the “sandwich generation,” how financial burdens from parents and children put strain on this cohort and how a financial advisor can help…

BERLIN (Reuters) – A reduction in managers’ bonuses at Volkswagen (ETR:) will lead to a 10% pay cut for the next two years, the Sueddeutsche Zeitung newspaper reported on Sunday, after the German carmaker struck a deal with unions to axe jobs and scale back production. The reduction will apply to May bonus payments, leading to the 10% pay cut in 2025 and 2026 for 4,000 managers, the newspaper said. In the following three years, their pay will fall by 8%, 6% and 5%, it added. A spokesperson for Volkswagen declined to comment on the report. Representatives of the IG…

Amid a general crypto market price fall in the past week, Ethereum (ETH) recorded a price correction of over 19.5% finding support at a local bottom of $3,100.  Since then, the prominent altcoin has only shown slight resilience rising by over 5% in the past two days. However, recent data on wallet activity provides much cause to be bullish on Ethereum’s long-term future. Ethereum HODL Addresses Increase Supply Dominance To 16% In a recent QuickTake post, CryptoQuant analyst MAC_D shared some positive insights on the Ethereum market.  The crypto market expert reports that the balance of Ethereum Accumulation Addresses has…

BERLIN (Reuters) – A reduction in managers’ bonuses at Volkswagen will lead to a 10% pay cut for the next two years, the Sueddeutsche Zeitung newspaper reported on Sunday, after the German carmaker struck a deal with unions to axe jobs and scale back production. The reduction will apply to May bonus payments, leading to the 10% pay cut in 2025 and 2026 for 4,000 managers, the newspaper said. In the following three years, their pay will fall by 8%, 6% and 5%, it added. A spokesperson for Volkswagen declined to comment on the report. Representatives of the IG Metall…

Last week, General Motors  (GM)  announced it would shut down its Cruise division, representing a sharp turn for the self-driving car industry. 💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸The end of GM’s self-driving, ride-sharing technology venture leaves a gap in the autonomous driving (AV) market. While Tesla has doubled down on its full self-driving (FSD) technology in recent years, few other leading U.S. automakers have ventured into the complicated field. GM cited the high cost and difficulty of scaling a robotaxi business as the primary reasons for its decision to stop funding Cruise. This…

Whales bought 340,000 ETH in the last 3 days worth more than $1 billion. ETH might have completed its correction as the Long Term Trend Directions is strongly bullish. Ethereum’s ([ETH] whale activity contrasted with its price, showing significant buying during the downturn. Over three days, whales acquired 340,000 ETH, valued over $1 billion, suggesting strategic bulk purchases during price dips. This pattern against a backdrop of general crypto declines, sparked speculation about potential market rebound. Source: Ali/X The activity aligned with historical patterns where substantial buys often precede market recoveries. This hinted that ETH might soon experience a price…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Asset manager M&G is suing Royal London over its purchase of the mutual’s financial adviser platform, claiming that some client pension money had been invested in “inappropriately risky” products before the deal and that it was now under pressure from regulators to pay compensation.M&G agreed in 2020 to buy Ascentric, a wealth management platform for advisers with £15.5bn of assets under administration, as part of a push at the time to increase its share of the retail savings market.But in a lawsuit…