Author: Anthony M. Orbison
Luigi Mangione, suspect in the killing of UnitedHealthcare CEO Brian Thompson, departs after a hearing at Blair County Courthouse on December 19, 2024 in Hollidaysburg, Pennsylvania. Mangione appeared in Pennsylvania court on forgery and firearms charges on Thursday where he waived extradition to New York after being indicted on 11 charges including first-degree murder in furtherance of terrorism.Gene J. Puskar-Pool—Getty Images Source link
Disney is betting that many of the families who enjoy watching Disney stories on their TVs will want to watch them come to life aboard its cruise ships. Disney+ streaming service subscribers just got a holiday gift from Disney Cruise Line. As we head into 2025, the cruise line has launched a new promotion aimed at driving bookings from Disney+ subscribers. The new special offer is only available to Disney+ subscribers and provides a sizeable Disney cruise discount for families, which typically isn’t easy to find.Related: Disney Cruise Line brings back a popular special offerDisney cruise deals aren’t common, though…
If you’ve been watching bitcoin, you probably noticed the pullback yesterday. It dropped from $108,000 to $99,000 after the FOMC meeting, where the Fed cut rates, and Jerome Powell, the Fed Chair, when asked about the Strategic Bitcoin Reserve, said: “We’re not allowed to own bitcoin and not looking for a law change,”. The market, as usual, overreacted by dumping bitcoin. But let me tell you: This dip? It’s nothing to worry about.First of all, Jerome Powell’s comments shouldn’t have surprised anyone. The Fed doesn’t control Bitcoin policy—Congress does. David Bailey, CEO of BTC Inc., even pointed this out, saying the…
(Reuters) – A gauge of manufacturing activity in the U.S. Mid-Atlantic region slid to the lowest in nearly two years in December, with new orders and shipments both contracting in an indication the factory sector remains in a slump. The Federal Reserve Bank of Philadelphia said on Thursday that its monthly manufacturing index fell unexpectedly for a second straight month to negative 16.4 – the lowest since April 2023 – from negative 5.5 in November. The median forecast among economists polled by Reuters was for a reading of 3.0. Negative readings indicate a contraction in activity. The report’s new orders…
Investing.com — Shares of Hims & Hers Health, Inc. (NYSE: HIMS) fell sharply by 15% after the U.S. Food and Drug Administration (FDA) announced the resolution of the tirzepatide injection shortage. The FDA’s decision, based on a comprehensive analysis, marks the end of a period where certain pharmacies could compound, distribute, or dispense the drug without facing repercussions for violations related to the drug’s shortage status. The FDA’s re-evaluation, announced on Thursday, December 19, 2024, reverses its previous position from October 2, 2024, stating that the tirzepatide shortage has ended. The agency has set grace periods until February 18, 2025,…
Today, the Human Rights Foundation (HRF) announced its most recent round of Bitcoin Development Fund grants, in a press release sent to Bitcoin Magazine.700,000,000 satoshis (7 BTC) currently worth $706,000 at the time of writing, is being granted across 20 different projects around the world focusing on technical education for people living under authoritarian regimes, independent media outlets, decentralizing mining, and providing human rights groups with more private financial solutions — with a main areas of focus for these grants center around countries and regions in Latin America, Asia, and Africa.While the HRF did not disclose how much money each project is receiving…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Bank of England has kept interest rates on hold at 4.75 per cent as it seeks to contend with both stubborn inflation and lacklustre growth.In a six-to-three decision, most members of the Monetary Policy Committee warned that recent increases in wages and prices had “added to the risk of inflation persistence”, damping hopes of rapid rate cuts in 2025.“We think a gradual approach to future interest rate cuts remains right,” said Andrew Bailey, BoE governor. “But with the heightened uncertainty in…
Micron Technology shares tumbled in early Thursday trading after the memory chip maker’s muted near-term outlook clouded an otherwise solid quarterly earnings report and triggered a host of price target changes from Wall Street analysts.Micron (MU) shares have lost nearly a third of their value, or around $55 billion, since they touched a record high in mid-June as investors worried that a slump in demand for consumer electronics would blunt profit and revenue from its key DRAM memory division. The group acknowledged that demand weakness in last night’s fiscal-first-quarter earnings report but noted that the overstocked market would likely unwind early…
The entire cryptocurrency market was painted red. Several assets, including Bitcoin (BTC), recorded a major fall over the past 24 hours. The world’s largest cryptocurrency recently hit an all-time high of $108,268.45. But BTC was trading 6.63% below this peak during press time. Sadly, the asset dipped below the coveted $100,000 mark and was trading at a low of $98,792. But what is the reason behind this notable correction?Also Read: Amazon Stock Rises as AMZN Plans $10B AI InvestmentBitcoin’s Current StateSource: CoinMarketCapAt the time of writing, Bitcoin was trading at $100,997.17. This is after the asset witnessed a nearly 3%…
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