Author: Anthony M. Orbison

(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…

By Tom Hals WILMINGTON, Delaware (Reuters) -Qualcomm’s central processors are properly licensed under an agreement with Arm Holdings (NASDAQ:), a jury found in a trial in U.S. federal court that removed some, but not all, uncertainty around the mobile chipmaker’s expansion into the laptop market. A week of courtroom arguments and deliberations ended in a mistrial after the jury failed to resolve one of three questions put before it in the trial between the two chip giants. Qualcomm (NASDAQ:) said the result affirmed its right to innovate, but Arm vowed to seek a new trial. Arm’s shares were down 1.8%…

In what is an important development for the cryptocurrency sector, France’s second-largest bank, Groupe BPCE, is officially set to launch Bitcoin and cryptocurrency investment services. Indeed, the services will launch for the bank’s 35 million users, according to an official notice from the country’s financial regulator, Autorité des Marchés Financiers (AMF).The bank’s cryptocurrency business, Hexarq, is now officially approved to begin providing a host of digital asset-related services. Specifically, those authorizations include crypto custody, buying, selling, and trading the tokens against the Euro.JUST IN: 🇫🇷 France’s second-largest bank, Groupe BPCE to launch Bitcoin and cryptocurrency investment services for its 35…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldThe US House passed a stop-gap funding measure with just hours to spare on Friday, paving the way for Congress to avert a government shutdown after days of fighting on Capitol Hill. The bill that passed the House did not include any change to the debt ceiling, defying Donald Trump’s call for the mechanism to be scrapped or increased.But the measure gained bipartisan support in the chamber, with Democrats joining Republicans to pass the bill 366-34 just after 6pm in…

Nothing is worse than wanting to purchase a good or service for an advertised amount that fits your initial budget, but upon completing the transaction, the final checkout price is far higher than the one initially advertised, completely throwing off your finances.  💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸Unfortunately, this occurrence is not rare. For decades, businesses have gotten away with charging extra fees that they deceitfully forget to openly disclose to consumers, surprising them with the undisclosed charges right before the purchase is actually made.  Related: Popular delivery service settles FTC complaint over…

Shiba Inu has lately been trading at the $0.00002 price mark, unable to document a noteworthy price surge. SHIB’s inability to climb to higher price marks is due to Bitcoin, as the market presently is facing a bearish momentum, with Bitcoin slipping below $107K, to sit at $99K at press time. Will SHIB be able to show some significant price momentum before 2024 ends? Let’s find out.Also Read: Cardano Price Prediction For The End Of 2024: Can ADA Breach $1.5?Shiba Inu: Latest Developments and Price PathsSource: Watcher GuruShiba Inu is currently sitting at $0.00002205, down 8% in the last 24…

(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…

By David Shepardson WASHINGTON (Reuters) -The top Democrat on the House of Representatives Appropriations Committee said on Friday that Republicans in Congress were protecting Elon Musk’s Chinese investments by scrapping provisions restricting U.S. investments. Representative Rosa DeLauro said in a letter that Musk, CEO of electric car maker Tesla (NASDAQ:), may have upended the government funding process to remove a provision that would regulate U.S. investments in China given his “extensive investments in China in key sectors and his personal ties with Chinese Communist Party leadership, and calls into question the real reason for Musk’s opposition to the original funding…

A widely followed crypto analyst says that one Solana (SOL)-based meme asset with a $1.89 billion market cap is going to zero against Dogecoin (DOGE). In a new strategy session, pseudonymous crypto strategist DonAlt tells his 637,200 followers on the social media platform X that even though memecoin dogwifhat (WIF) could bounce soon against DOGE, it’s ultimately going to zero against it. “Told everyone who wanted to hear that this was the ‘safest’ trade to take if you wanted to be hedged. Think that’s not the case anymore, think short-term WIF could bounce against DOGE. Generally think WIF is going…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A car ploughed into a crowd of people at a Christmas market in the German city of Magdeburg on Friday evening, killing at least two and injuring dozens more in what local officials said they believed was a deliberate attack.The prime minister of the state of Saxony-Anhalt, Reiner Haseloff, said police had detained a man originally from Saudi Arabia in connection with the incident, which he said had claimed two lives and injured at least 60 people, some severely. Haseloff said that…