Author: Anthony M. Orbison

The latest reading of the Federal Reserve’s preferred inflation gauge showed price increases fell month over month in November but still remained sticky as the central bank fights to bring inflation back down to its 2% target. The data, released early Friday by Bureau of Economic Analysis (BEA), comes after the central bank slashed interest rates by 25 basis points at its last policy meeting of the year on Wednesday. Officials also signaled less easing to come in 2025, with inflation expected to remain elevated over the long term. In November, the core Personal Consumption Expenditures (PCE) index, which strips…

TOKYO (Reuters) – Honda (NYSE:) and Nissan (OTC:) are considering producing vehicles in one another’s factories as part of their talks to deepen ties, news agency Kyodo reported on Saturday without citing sources. The report added that Honda will also consider supplying hybrid vehicles to Nissan as part of the potential merger, without mentioning the source of the information. Honda, Japan’s second-largest car company, and Nissan, its third-largest, are in talks to deepen ties with an eye on potentially setting up a holding company, according to two people familiar with the matter. One of the people said the automakers are…

Solana and Ethereum have competed for dominance throughout Q4 2024. Ethereum secured over $850 million in institutional capital inflow to ETFs, while Solana attracted over $300 million in cross-chain inflows within the past week.  Market experts and reports suggest Solana is poised to beat Ethereum and replace ETH as the largest altcoin in crypto. 2025 is therefore a pivotal year for Ether and Solana, the latter’s competitive edge lies in DEX metrics and its growth potential alongside rising capital inflows.  Solana’s win could bring changes to portfolios and Ethereum beta plays could suffer a correction in the event SOL dethrones…

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.The writer is a novelistIn 1989, we bought a tiny house in the shadow of the medieval city walls of Carcassonne. It was the beginning of my love affair with Languedoc — the history, the arcane mysteries hidden in the landscape, the endless blue sky, the light over the mountains at dusk. It would inspire my first historical adventure novel, Labyrinth, which would go on to be translated into 38 languages and sold in more than 40 countries. Its global success is…

As many Americans get ready for holiday travel, the U.S. is facing a potential government shutdown that could put a damper on their plans. If Congress doesn’t approve a plan to fund the government by midnight Friday, federal agencies will shut down Saturday, Dec. 21. That means most federal government employees would be furloughed until the government is funded again. Related: U.S. sharpens warning to cruisers: Don’t travel to this portFederal workers who provide essential services like law enforcement, air traffic control, and customs and border protection would still be required to report to work. While the essential Travel Security…

Coinbase’s latest market outlook for 2025 identifies tokenization, DeFi resurgence, and a shift toward pro-crypto regulation in the US as key trends for the following year.Coinbase anticipates 2025 as a pivotal year for US crypto legislation after years of regulatory ambiguity. The exchange said these developments could redefine how crypto integrates with traditional finance and regulatory systems in the year ahead.  Pro-crypto regulationAccording to the exchange, a bipartisan pro-crypto majority in Congress signals a favorable shift, transforming regulatory frameworks from obstacles into catalysts for industry growth. Additionally, the push for a Strategic Bitcoin (BTC) Reserve further solidifies the evolving attitude among…

Intel’s (INTC) fall from grace seemed to happen all at once. Shares of the once iconic chipmaker plummeted 60% in 2024. The company posted the biggest loss in its 56-year history in its latest quarterly earnings report. Its market cap has dropped 80% since 2000 — when it was one of the most valuable companies in the world.But company insiders and industry analysts tell Yahoo Finance that Intel’s dramatic crash is the result of a slow deterioration spanning more than two decades.“They had a God complex; they were super arrogant,” a former high-level executive who worked at Intel for more…

By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration on Friday proposed a new process to streamline reviews of exemptions filed by automakers seeking to deploy self-driving vehicles without required human controls like steering wheels or brake pedals.  NHTSA has authority to grant petitions to allow up to 2,500 vehicles per manufacturer to operate on U.S. roads without required human controls but the agency has spent years reviewing several petitions without taking action. Efforts in Congress to make it easier to deploy vehicles on U.S. roads without human controls have been stymied for years. Automakers have expressed frustration…

Este artículo también está disponible en español. Bitcoin has faced its first major correction since early November, dropping 13% from its all-time high of $108,364. This sudden pullback has sent shockwaves across the crypto market, shifting sentiment from extreme bullishness to uncertainty and even fear. The sell-off has been particularly brutal for altcoins, many of which are bleeding hard as Bitcoin struggles to regain momentum. Related Reading Key metrics from CryptoQuant highlight the gravity of the situation, with realized losses totaling $28.9 million—an alarming 3.2 times higher than the weekly average. This spike in realized losses suggests that some investors…

Olaf Scholz was exasperated. At a meeting of EU leaders this week to brainstorm ways to maintain support for Ukraine when Donald Trump returns as US president, the German chancellor became irate that an idea he has regularly shot down was being touted again.At the discussions at the home of Nato secretary-general Mark Rutte in Brussels on Wednesday night, Polish President Andrzej Duda called for the EU to confiscate and spend the €260bn worth of Russian sovereign assets immobilised at European financial institutions — an idea promoted by the US and UK but resisted by Germany, France and Italy. “You…