Author: Anthony M. Orbison

Lord Peter Mandelson’s appointment as Britain’s ambassador to Washington was slammed on Friday by one of Donald Trump’s top campaign strategists, who told the veteran UK politician to “stay home”.Chris LaCivita, a Republican political strategist who co-managed Trump’s successful presidential campaign this year, cited Mandelson’s past criticism of Trump as a “danger to the world” and “little short of a white nationalist”.“This UK govt is special,” he wrote on X. “Replace a professional universally respected Ambo with an absolute moron – he should stay home ! SAD!”The post came just minutes after UK Prime Minister Sir Keir Starmer confirmed he…

By Laila Kearney NEW YORK (Reuters) – U.S. data-center power demand could nearly triple in the next three years, and consume as much as 12% of the country’s electricity, as the industry undergoes an artificial-intelligence transformation, according to a Department of Energy-backed study that was first reported by Reuters on Friday. The Lawrence Berkeley National Laboratory produced the report as the U.S. power industry and government attempt to understand how Big Tech’s data-center demand will affect electrical grids, power bills and the climate. By 2028, data centers’ annual energy use could reach between 74 and 132 gigawatts, or 6.7% to…

Este artículo también está disponible en español. Bitcoin is under intense bearish pressure as it struggles to reclaim the $99,575 mark, a key resistance level that has proven to be a significant hurdle. After an impressive rally earlier in the month, BTC’s momentum has slowed, with sellers taking control and keeping the cryptocurrency in a tight range below this critical threshold. The current price action highlights growing uncertainty in the market, as bulls attempt to regain strength while bears capitalize on every opportunity to push prices lower. With $99,575 marked as a pivotal point, the next moves could set the…

This illustration photo taken on September 26, 2022 in Los Angeles, shows a person checking information online for the now permanently closed Paulsboro, New Jersey’s Hometown Deli in front of a screen displaying the facade of the restaurant. – US officials announced fraud charges September 26 against three men who orchestrated a $100 million scheme to inflate the market value of a company whose only revenue source was a small-town New Jersey delicatessen. It is the latest twist in the odd saga of a Paulsboro, New Jersey deli owned by Hometown International, which saw its stock valuation soar in 2021…

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…