Author: Anthony M. Orbison

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…

The retail sector would like to forget about 2024 as the year winds down, as several retailers have filed for bankruptcy and many have liquidated and closed their businesses.Bankrupt discount home goods chain Big Lots shocked the retail world as it revealed it will begin going-out-of-business sales at all remaining store locations in the coming days after a proposed sale agreement with stalking-horse bidder Nexus Capital Management collapsed, the company said in a Dec. 19 statement. 💸💰 Don’t miss the move: Subscribe to TheStreet’s free daily newsletter 💰💸The company asserted that it doesn’t expect to complete a previously announced asset…

Este artículo también está disponible en español. Recent technical analysis has revealed that the XRP price is consolidating after breaking key resistance levels to new highs. A crypto analyst has warned of an impending XRP price crash, urging investors not to get distracted as the RSI is still significantly above 50%. Discussing his predictions through short and long-term XRP price charts, the analyst shows that the cryptocurrency is firmly positioned in a bullish trend despite impending corrections.  XRP Price RSI Hints At Potential Crash On the 4-hour XRP chart, a double tap structure is highlighted in the Relative Strength Index…

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws. In the federal civil complaint, the Consumer Financial Protection Bureau asserts that the banks rushed to get the peer-to-peer payments platform to market without effective safeguards against fraud and then, after consumers complained about being defrauded on the service, largely denied them relief. “Shortly after Zelle’s launch, significant problems, including fraud being perpetrated on consumers using Zelle, quickly became apparent.…

By Jody Godoy (Reuters) – Alphabet (NASDAQ:)’s Google proposed on Friday a loosening of its agreements with Apple (NASDAQ:) and others to set Google as the default search engine on new devices to address a U.S. ruling that it unlawfully dominates online search. The proposal is much narrower than the government’s bid to make Google sell its Chrome browser in the antitrust case over online search. Google urged U.S. District Judge Amit Mehta in Washington to move cautiously in deciding what the company must do to restore competition after his ruling that the company holds an illegal monopoly in online…

Bitcoin’s price is down over 10% from its all-time high and its critics are taking victory laps this week as bitcoin has plummeted all the way back to… $97,000. It is still practically almost $100,000 for a single bitcoin. It is crazy to me to think that the “dip” is back to just under that important milestone, and really shows how far this asset has come over the last 15, going on 16 years.Year-to-date, bitcoin is up over 128%. And by historical trends, it is entering into its third year of rising in price before having a large correction. So…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sir Keir Starmer’s adviser on ethical standards has called on the government to “protect electoral integrity” by limiting donations from companies to profits made in the UK, following fears Elon Musk could disrupt British politics with a large donation to Reform UK.Doug Chalmers, chair of the government’s Committee on Standards in Public Life, told the Financial Times the law should also be changed so political donations made by businesses do not exceed their net profits after tax in the two years prior…

If you have ever paid any attention to the commercials on television, or the ones that play before videos on YouTube, you would know that it is “love that makes a Subaru, a Subaru.”Though it may sound silly that it is simply ‘love’ that drives the buying public to its showrooms, it is resoundingly true that many people love their Subarus  (FUJHY)  for what it does for them. 💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸According to new data from Consumer Reports released earlier this month, the constellation brand is at the top spot in the…

Follow Frank on X. On a recent episode of the Coinage podcast, guest SEC Commissioner Hester Peirce said that she is open to reconsidering in-kind redemptions for spot bitcoin ETFs.(For those who aren’t familiar with the term “in-kind redemption,” it refers to the ability to withdraw the bitcoin you’ve purchased via an ETF into your own custody. In essence, it turns a bitcoin IOU into the real thing.)BREAKING: SEC Commissioner Hester Peirce previews new pro-crypto changes coming to the SECETF in-kind redemptions and ability for ETF issuers to begin staking likely done "early on"Both ETFs now have more than $100B…

(Bloomberg) — US Treasuries were off their sessions highs late on Friday after a closely watched batch of inflation data came in below expectations, leading traders to lift the outlook for Federal Reserve interest-rate reductions next year. Most Read from Bloomberg The policy-sensitive two-year Treasury yield was a touch lower at 4.31% late afternoon Friday, and after an early slide to 4.25%. The benchmark 10-year rate was down 4 basis points to 4.51% in late trade. The moves unwound a sharp steepening trend this week that had pushed a portion of the yield curve to its steepest since 2022. Treasuries…