Author: Anthony M. Orbison

The Bank of Japan opted to keep interest rates on hold on Thursday as doubts remain over the growth prospects of the global economy and whether Japan’s wage-driven inflation is sustainable.The decision, which leaves the overnight call rate steady at 0.25 per cent, followed the BoJ’s final two-day monetary policy meeting of 2024. The meeting straddled Wednesday’s decision by the US Federal Reserve to cut rates by a quarter of a percentage point, but to simultaneously signal a slower pace of rate cuts next year. That move caused the US dollar to rise sharply against the yen, pushing the Japanese…

Elon Musk was extremely vexed.Tesla’s  (TSLA)  CEO took to X, his social-media platform, to rail against a stopgap measure that congressional leaders introduced to keep the government running for the next three months.Related: Analyst revamps Tesla stock price target after EV-outlook reviewThe 1,500-page measure has dozens of add-ons, including a provision that puts an automatic cost-of-living increase into effect for lawmakers, who have not received a pay raise since 2009.”How can this be called a ‘continuing resolution’ if it includes a 40% pay increase for Congress?” Musk wrote on Dec. 18.The average member of Congress earns $174,000 a year, while…

In the world of Bitcoin investing, understanding market cycles is key to identifying buying opportunities and spotting potential price peaks. One indicator that has stood the test of time in this regard is the Puell Multiple. Originally created by David Puell, this metric examines Bitcoin’s valuation through the lens of miner revenue, offering insights into whether Bitcoin might be undervalued or overvalued compared to its historical norms.This article will explain what the Puell Multiple is, how to interpret it, and what the current reading on the chart suggests for investors. For a real-time look at this tool, check out the…

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(Reuters) – Thousands of Amazon.com (O:) workers will walk off the job on Thursday at 6 a.m. ET (1100 GMT), in the crucial final days before Christmas, after union officials said the retailer failed to come to the bargaining table. The International Brotherhood of Teamsters said unionized workers at facilities in New York City; Skokie, Illinois; Atlanta, San Francisco and southern California will join the picket line to seek contracts guaranteeing better wages and work conditions. The Teamsters union has said it represents about 10,000 workers at 10 of the company’s U.S. facilities, representing about 1% of Amazon’s hourly workforce.…

One counter-argument against pushing for greater scalability with Bitcoin is that “most people won’t self-custody anyway, so why bother?” This is a wildly assumptive, arrogant, and outright fallacious argument. It is the same type of logical fallacy that human beings can’t help but make. The current state of the present is an indicator of what the state of the future will be. “It’s not raining today, so it won’t be raining tomorrow.” It’s exactly the type of thinking that led Bitcoiners during the last market cycle to take for granted we would hit 100-200 thousand dollars as a peak then.…

(Bloomberg) — The Canadian dollar slid to its lowest level since March 2020 as Prime Minister Justin Trudeau’s government slips into crisis after the shocking resignation of his finance minister. Most Read from Bloomberg The currency extended its recent losses to slide another 0.5% on Tuesday past 1.43 per US dollar, the weakest level since the Covid-19 pandemic first shuttered cities. The loonie has been declining as the US’s northern neighbor’s economy lags and officials struggle to come up with a plan to respond to President-elect Donald Trump’s tariff threats. The latest political turmoil “is symptomatic of the greater troubles…

As working Americans plan financially for retirement, they often turn their attention to saving and investing their income for the future.And personal finance bestselling author Suze Orman has some important advice on 401(k) plans and Roth accounts of which people should be aware. Orman explains that some major changes are coming and she offers recommendations on how workers can smartly handle them.Don’t miss the move: SIGN UP for TheStreet’s FREE daily newsletterA 401(k) is a retirement savings and investment plan in which employees contribute a percentage of their paychecks. These amounts are often matched by their employer.Traditional 401(k) contributions are done…

Bitcoin price analysis shows that current market patterns look just like those from 2017. New cryptocurrency price prediction tools show Bitcoin might reach $190,000. This comes from Bitcoin trading strategy data and current market volatility in crypto trading.#Bitcoin Elliott Wave count comparison 2024 versus 2017 pic.twitter.com/XLvbcnYt8v— Tony “The Bull” Severino, CMT (@tonythebullBTC) December 16, 2024Also Read: Solana Vs. Binance’s BNB: Which Will Reclaim All-Time High First?Discover How Elliot Wave Theory Can Help Navigate Market VolatilityCurrent Wave Pattern AnalysisSource: XThe Bitcoin price analysis uses Elliott Wave patterns to spot market trends. Crypto analyst Tony Severino states, “Based on these similarities, Bitcoin…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldA deal to keep the US federal government funded is in doubt after Donald Trump urged his Republican allies in Congress to reject a “foolish” and “inept” compromise struck earlier this week with Democrats. The president-elect’s broadside on Wednesday has left Republican House Speaker Mike Johnson clambering for a new agreement with just two days to go before funding expires and federal authorities are forced to halt certain programmes and suspend payments to some employees.“The only way to do that…