Author: Anthony M. Orbison
(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…
President-elect Donald Trump is currently gearing up to take over the official reins of the United States. His tenure as the 47th president of the US is set to commence on January 20, 2025, ushering in a new wave of change within the current economic structure. His active leanings toward a pro-cryptocurrency regimen may bode well for the domain holistically. In this wake, these two coins may show an incredible price surge as Donald Trump continues to support these coins.Also Read: 2024 Sees $2.2 Billion in Cryptocurrency Losses from HacksTop 2 Cryptocurrency Coins That Donald Trump Is Banking OnSource: Watcher…
(Reuters) – The personal consumption expenditures (PCE) price index rose a less-than-expected 0.1% in November, marking a cooler inflation picture than October’s unrevised 0.2% gain, and, combined with solid but disappointing consumer spending, supported markets struggling with the Federal Reserve’s “hawkish’ rate cut this week. The Commerce Department also reported on Friday that in the year through November, the PCE price index advanced 2.4% after rising 2.3% in October. The increase in the annual inflation rate was partly due to last year’s low readings dropping out of the calculation. Excluding the volatile food and energy components, the PCE price index…
If you have ever negotiated a price for a car at a dealership, chances are, you were enticed to take a worse price than what you had in mind on the premise of “free” extras.Free floor mats, free tire rotations, window tints, oil changes, and extended warranties are just some of the services and items that dealers can offer to close a sale, but in the age of electric cars and technology, things are different.💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸Tesla (TSLA) EV sales don’t operate using the traditional franchised dealership model; they utilize…