Author: Anthony M. Orbison
Americans face a tipping culture.In a broad sense, we have decided that it is okay to underpay service-industry workers and have customers make up the rest of their wages. The effectively turns tips into salary, especially in industries that are allowed to pay low hourly wages to holders of tipped jobs.Most major cruise lines have also made tipping part of the compensation package for their workers. In many ways it works a lot like American restaurants., But it is not exactly the same.Related: Carnival Cruise Line changes key adult beverage policyCarnival Cruise Line explained on its website how its daily…
Recently, the notion of a Strategic Bitcoin Reserve has begun to animate Bitcoiners. Trump has advocated for holding a stockpile of seized Bitcoins, but certain proposals have gone further. Now, draft legislation like Senator Lummis’ BITCOIN Act proposes that the US government acquire 1m BTC over five years. Among Bitcoin enthusiasts, the notion of a Strategic Reserve is almost a foregone conclusion. But I don’t think it’s likely, nor do I think it’s a good idea. Allow me to explain.Are we talking about a stockpile, a sovereign wealth fund, or a reserve?First, there’s the notion of a “stockpile” of Bitcoins.…
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. The market is spooked by an inflation-concerned Fed not smashing the pedal down to slash rates and appease bullish investors. The vibe is not lost on San Francisco Fed president Mary Daly, seen often as a policy dove who’s a voting member on the FOMC this year. “Well, it was a close call, frankly, and it took a lot of deliberation as it often does with myself and my team, and then also with the FOMC participants. Ultimately, I decided that it was…
(Reuters) -U.S. President-elect Donald Trump has moved the stake he owns in Trump Media & Technology to a revocable trust. Trump transferred 114.75 million shares, or 53% of Trump Media & Technology’s outstanding stock, to the revocable trust of which he is the sole beneficiary, according to securities filings. His stake in the company was valued at more than $4 billion based on the stock’s last closing price of $35.41. Trump said in November that he had no intention of selling his shares in the company, which owns the Truth Social media platform. Trump’s eldest son, Donald Trump Jr., is…
With Bitcoin now making six-figure territory feel normal and higher prices a seeming inevitability, the analysis of key on-chain data provides valuable insights into the underlying health of the market. By understanding these metrics, investors can better anticipate price movements and prepare for potential market peaks or even any upcoming retracements.Terminal PriceThe Terminal Price metric, which incorporates the Coin Days Destroyed (CDD) while factoring in Bitcoin’s supply, has historically been a reliable indicator for predicting Bitcoin cycle peaks. Coin Days Destroyed measures the velocity of coins being transferred, considering both the holding duration and the quantity of Bitcoin moved. Figure…
Stay informed with free updatesSimply sign up to the EU energy myFT Digest — delivered directly to your inbox.Russian liquefied natural gas imports to the EU have reached a record high this year despite the bloc’s attempt to cut off dependence on gas from the country following Moscow’s full-scale war on Ukraine. Europe imported a record 16.5mn tonnes of Russian LNG as of mid-December, above last year’s imports of 15.18mn tonnes, according to commodities data provider Kpler. The amount is also higher than the last record of 15.21mn tonnes imported in 2022.“What we have seen this year is surprising,” said…
When you hit a jackpot on a slot machine or a video poker machine that’s worth $1,200 or more, you get what’s called a hand-pay. That means the machine you are playing on freezes up, and you have to wait for an attendant to bring you your winnings.That’s because any wins that reach that threshold must be reported to the IRS by cruise line (or land-based) casinos. House Chief Deputy Whip Guy Reschenthaler (R-Pennsylvania) and Rep. Dina Titus (D-Nevada), co-chairs of the bipartisan Congressional Gaming Caucus, have been working since early 2024 to modernize this policy.Related: Why it’s harder to…
If the above statement offends you, you might not have read the Bitcoin source code. Follow Rizzo on X.https://x.com/pete_rizzo_/ Of course, I’m sure you’ve heard that there are 21 million bitcoin – and this is true, the Bitcoin protocol allows for only “21 million bitcoin” to be created, yet these larger denominations can be subdivided into 100 million sub-units each. Call them whatever you want, there are only 2.1 quadrillion monetary units in the protocol.This dollars and cents differential has long been the subject of debate – in the time of Satoshi, Bitcoin’s creator, the dual conventions, Bitcoin having both…
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Investing.com — Ohio Senator Bernie Moreno, who will take his seat in the US Senate in January, is advocating for a major shift in automotive policy. He is pushing for Stellantis NV (NYSE:) to spin off Jeep, Ram, Dodge, and Chrysler, believing that these brands have been poorly handled by European interests and should be returned to American ownership. Moreno expressed his views on Wednesday while traveling around his home state in a Jeep Grand Wagoneer sport utility vehicle. He voiced his concerns about the management of these brands, particularly under the stewardship of John Elkann, a member of the…