Author: Anthony M. Orbison
Investing.com– Australia’s Woodside (OTC:) Energy Ltd (ASX:) said on Thursday it entered a deal with Chevron Corp (NYSE:) to swap stakes in several energy projects, as it moves to simplify its energy holdings and shift more focus onto its core gas assets. Woodside will acquire Chevron’s interests in the North West Shelf (NWS) Project, the NWS Oil Project and the Angel Carbon Capture and Storage (CCS) Project. The company will transfer all of its interests in the Wheatstone and Julimar-Brunello projects to Chevron. Chevron will make a cash payment of up to $400 million to Woodside. Woodside said the deal…
contributor Posted: December 19, 2024 On-chain metrics revealed that exchanges have witnessed an outflow of $6.68 million worth of ENA. Ethena could surge by 40% to reach its next resistance level of $1.5 if holds itself above the $1.05 level. Ethena [ENA] has been making waves during the ongoing bull run, gaining significant attention from crypto enthusiasts. On the 18th of December 2024, a blockchain-based transaction tracker, Spotonchain made a post on X (previously Twitter) that a newly created wallet has acquired a significant 5.29 million ENA tokens worth $5.92 million. However, this substantial amount of ENA was acquired at…
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Transcript:Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.The Federal Reserve lowered its key interest rates by a quarter of a percentage point. The target range now sits at 4.25 percent to 4.5 percent. The Fed’s projection on how many rate cuts could be coming in 2025 dropped from four to two. That spooked Wall Street- prompting the first 10-day slide in the Dow since 1974, amid a broad market sell-off.Investors will next look at quarterly results from FedEX and Nike due on Thursday.Related: TikTok to close Canadian offices over ‘security…
Amid what has been an incredible performance for the cryptocurrency, Chainlink has jumped another 14% as LINK looks bound to surpass the $60 mark at some point in 2025. Indeed, such an increase would set a new all-time high for the cryptocurrency. Moreover, it would be its highest price level since 2021.The asset has been one of the big surprises of the ongoing cryptocurrency bull market. Kicking off in November, it has propelled tokens like Ripple (XRP) and VeChain (VET) to tremendous values. Now, LINK looks like the latest token to be bound for new heights.Source – PhemexAlso Read: Up…
Stocks were clobbered Wednesday after the Federal Reserve, despite slashing interest rates by 25 basis points, signaled it would cut fewer times next year than previously projected. All three major reversed gains following the decision to end with steep losses. The Dow Jones Industrial Average (^DJI) was down about 2.6%, or over 1,000 points, clinching its 10th straight down session, the longest losing streak since 1974. Meanwhile, the S&P 500 (^GSPC) fell roughly 3%, and tech-heavy Nasdaq Composite (^IXIC) slid more than 3.5%. Ten Fed officials estimated two interest rate cuts next year, fewer than four seen in September, as…
By Amina Niasse NEW YORK (Reuters) – U.S. healthcare spending rose by 7.5% in 2023 from 4.6% the year prior to reach $4.9 trillion, driven by increased use of medical services and as enrollment climbed for private health plans, particularly in plans under the Affordable Care Act, the federal government’s Centers for Medicare and Medicaid Services said in a report on Wednesday. The agency, which oversees Medicare plans for people aged 65 and older or with disabilities, said that healthcare spending outpaced U.S. economic growth. It rose by an inflation-adjusted 4.4% compared witth gross domestic product growth of 2.9% in…
The chief executive of stablecoin issuer Circle says that dollar-pegged digital assets should become a mass export product of the United States. In a new interview on CNBC Television, Circle CEO Jeremy Allaire says that the US should promote “full reserve digital dollars” as a means of preserving the value of the US dollar. Allaire also says the US’ fiscal situation is “not in order” – something that could also be aided by a transparent digital dollar system. “First and foremost, we have to focus on the strength and competitiveness of the dollar first. We have a situation in the…
Stay informed with free updatesSimply sign up to the US interest rates myFT Digest — delivered directly to your inbox.The Federal Reserve cut its benchmark interest rate by a quarter of a percentage point but signalled a slower pace of easing next year, sending the dollar racing to a two-year high and US stocks sinking. The Federal Open Market Committee voted on Wednesday to reduce the federal funds rate to 4.25-4.5 per cent, its third cut in a row. The decision was not unanimous, with Cleveland Fed president Beth Hammack casting a dissenting vote, with a preference for holding rates steady.…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Break out the winter boots and jacket if you haven’t already because the official start to winter is almost here. If you’re looking to expand your winter wardrobe, we suggest adding a classic puffer jacket to the mix. A puffer jacket is a winter staple that’s versatile and keeps you warm, and we found the perfect one on sale. At Nordstrom Rack, there’s a major discount on the Calvin Klein Stretch Puffer Jacket. At 69% off, you…