Author: Anthony M. Orbison

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The chair of Britain’s High Speed 2 rail project will step down in the spring, the government said on Tuesday, hours after the Financial Times reported that the price had risen by another £9bn. Sir Jon Thompson will leave his post barely two years after taking the helm in February 2023, having previously sat on HS2 Ltd’s board for two years.One railway industry executive said Thompson’s departure was not a surprise because ministers had appointed a new chief executive of HS2 and…

Imagine expecting a Christmas bonus and instead getting a bill from your boss for missing office supplies.That’s essentially what happened to Carnival Cruise Line passengers waiting for a holiday season sale on the Cheers beverage package. Instead of getting a deal on the unlimited beverage package (which in fact limits alcoholic beverages to 15 per day), they got a price increase. Related: 29 mistakes to avoid on a Carnival Cruise Line cruiseCarnival previously offered Cheers at $70.74 per night for cruises six nights or longer and $82.54 per night for trips five nights or less. (All packages now include taxes and…

A popular crypto analyst is outlining which altcoins he think will shine after Bitcoin’s (BTC) price rally. The trader Ali Martinez tells his 99,500 followers on the social media platform X that the key to betting on altcoins is to invest capital early in projects with strong fundamentals. “Forget the meme coin FOMO and the X chatter about overnight meme millionaires. That’s luck, not strategy. If you’re in this game for sustainable gains, focus on projects with real utility that are building something substantial. Here are a few worth watching: Worldcoin: A fresh project with ambitious goals in identity and…

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By Jody Godoy (Reuters) – Grubhub settled with the U.S. Federal Trade Commission and Illinois Attorney General Kwame Raoul on Tuesday for allegedly misleading customers about order fees, adding restaurants to its platform without their consent and deceiving drivers about pay. The settlement requires Grubhub to cease the practices and pay $25 million. The agencies sought a $140 million judgment against the company, but reduced it to what Grubhub is able to pay, they said. If Grubhub is found to have misrepresented its financial position, the full penalty will apply. The food delivery platform hid fees until the last minute,…

The 2022 LastPass data breach has allowed threat actors to steal 12.38 million from users in a new attack. According to blockchain sleuth ZachXBT, the LastPass hackers stole millions in Ethereum (ETH) from over 100 wallet addresses between Dec. 16 and Dec. 17. The criminals quickly swapped the ill-gotten wealth from ETH to Bitcoin (BTC), using multiple instant exchanges. A list of affected addresses may be found here. LastPass is a password management service for securing cryptocurrency wallets. The startup suffered two hacks in 2022 – once in August and again in October – resulting in unauthorized access to customer keys,…

Photo: Michaela Vatcheva/Bloomberg (Getty Images) Nvidia (NVDA) stock is in correction territory, and rival chipmaker Broadcom’s (AVGO) late-year boost took a hit Tuesday morning. Shares of Nvidia fell 2.9% Tuesday, trading at $128.17, after slumping into a correction by market close the day before. A correction typically refers to when a stock falls 10% or more from an all-time high closing price. Nvidia stock rallied to an all-time high of $148.87 in early November. Competing semiconductor manufacturer Broadcom ended its hot streak after closing up more than 11% Monday and ending the day at $250. Broadcom stock fell more than…

Passengers never see all the work that goes into a production show onboard a cruise ship. They never witness the months of rehearsal on land and the countless hours put in by the crew onboard the ship needed to get things just right. By the time a show actually gets performed, it’s a well-honed machine ready to delight passengers and look effortless. It’s not, however, anywhere close to effortless, and even an experienced cast gets jittery on show day.Krista Jocelyn, a singer and dancer for Royal Caribbean, used her popular YouTube channel to take people behind the scenes of what…

The Stanford Blockchain Club has issued a scathing critique of the US Department of Justice’s (DOJ) prosecution of Tornado Cash developers Roman Storm and Roman Semenov, calling it an overreach of outdated federal money transmission laws.In its report, titled “Tornado Cash and the Boundaries of Money Transmission,” the club challenged the DOJ’s use of 18 U.S.C. § 1960, a statute aimed at unlicensed money-transmitting businesses, to charge the developers of Tornado Cash, a decentralized Ethereum-based protocol.The DOJ’s 2023 indictment labeled Tornado Cash an “unlicensed money transmitting business” for enabling users to anonymize crypto transactions.The Stanford Blockchain Club argued that the…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water’s rival classes of bondholders took aim at one another in a London high court hearing, in which the troubled utility set out its case for taking an emergency loan of up to £3bn from its top-ranking lenders. Junior bondholders claimed in written documents submitted to Tuesday’s hearing that the company’s more senior creditors were “holding [Thames Water] to ransom” through the onerous terms of their “extremely expensive” loan, which they argued was “having a chilling effect” on the utility’s parallel…