Author: Anthony M. Orbison

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…

Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the , and sectors led shares lower. At the close in Saudi Arabia, the declined 0.36%. The best performers of the session on the were Saudi vitrified clay pipes co. (TADAWUL:), which rose 9.89% or 3.50 points to trade at 38.90 at the close. Meanwhile, SHL Financing Company SJSC (TADAWUL:) added 6.43% or 1.10 points to end at 18.20 and Taiba Holding Co. (TADAWUL:) was up 4.97% or 1.85 points to 39.05 in late trade. The worst performers of the session were Riyadh Cables Group…

The 1 Cent dream is alive and kicking, as most investors want Shiba Inu to breach the milestone. The token boasts 1.4 million holders worldwide, and new investors jump on the bandwagon yearly. SHIB remains one of the most popular cryptocurrencies in the market, as it’s available for purchase at less than a cent. The affordability is making investors enter the token as it’s a low-hanging fruit that’s up for grabs.Also Read: Bullish Prediction Puts Dogecoin’s Price at $1.48SHIB deleted six ‘zeroes’ between 2020 and 2021 by rising 45,000,000% (45 million percent) annually. However, its price is now stuck with…

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Carnival Cruise Line has been considered one of the more generous cruise lines when it comes to its casinos.Gamblers regularly earned free cruises, and some of the bigger players got offers that included suites, free drink packages, and even transportation from the airport. Related: Carnival Cruise Line shares important tipping, daily gratuity newsMany cruisers have noticed that Carnival, like its chief rival, Royal Caribbean, has gotten tighter with those offers.Deals may now include interior rooms instead of balconies or suites, and those “drinks on us, anywhere on the ship” offers are either limited to the gambler or gone altogether.It’s very difficult…

Bitwise CIO Matt Hougan says a wave of institutional interest in altcoins is coming next year, largely due to potential regulatory clarity and more exchange-traded funds (ETFs). In a new interview with Bloomberg, Hougan says that institutional money is in the early stages of broadening out to other crypto assets besides just Bitcoin (BTC). Hougan forecasts that 2025 will be the year that institutional investors will begin to incorporate more diversification in their crypto-investing strategies the same way they do in other asset classes like equities or bonds. “You’re already seeing it broaden out actually. A lot of people were…

Today’s savings account interest rates are some of the highest we’ve seen in more than a decade due to several rate hikes by the Federal Reserve. However, the Fed finally cut its target rate three times in late 2024, which means savings interest rates are falling. So it’s important to be sure you’re getting the best rate possible when shopping around for a savings account. The following is a breakdown of savings interest rates today and where to find the best offers. The national average savings account rate stands at 0.42%, according to the FDIC. This might not seem like…

Investing.com — Saudi Arabia’s financial markets face a challenging outlook as the nation grapples with the prospect of an “oil winter.”  Analysts at BCA Research argue that the kingdom’s economy, still deeply tied to revenues, is vulnerable to anticipated declines in global oil prices and slowing nominal growth.  While efforts under Vision 2030 have bolstered domestic demand through diversification, the broader economic picture remains precarious. Over the past year, Saudi Arabia has made strides in reducing its dependence on oil exports, evidenced by a 4.4% growth in real domestic demand despite declining oil revenues.  Infrastructure investments and borrowing, both domestically…