Author: Anthony M. Orbison

Investing.com– Alibaba Group (NYSE:) said on Tuesday it will sell its stake in Chinese department store operator Intime to a consortium of buyers including Youngor Group and Intime executives, and will clock a large loss on the sale. The ecommerce giant will sell its 99% stake in the chain for about 7.4 billion yuan ($1 billion), and will record a loss of 9.3 billion yuan ($1.3 billion) on the sale, Alibaba said in an announcement on the Hong Kong Stock Exchange.  The sale comes after Bloomberg reported the potential deal on Monday. Alibaba purchased Intime in 2017 for $2.6 billion, and…

XRP price started a fresh increase from the $2.320 zone. The price is now rising and might soon aim for a move above the $2.55 resistance. XRP price started a fresh increase above the $2.35 zone. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.44 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.525 resistance. XRP Price Regains Traction XRP price started a decent upward move above the…

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Most Americans are concerned about rising living costs due to years of sustained inflation. When inflation reached 9.1% in June 2022, the Federal Reserve aggressively raised interest rates to curb inflation.Increasing the cost of borrowing helped cool inflation to below 3% over 2023 and 2024, but consumer prices haven’t come down, and consumers are grappling with how to budget for inflated prices.While deflation — a decrease in the cost of goods or services — is possible, it isn’t easy to achieve, meaning increased prices are likely here to stay.🏦 🏡 Don’t miss the move: SIGN UP for TheStreet’s FREE daily…

Jeremy Rubin released a proposal two weeks ago titled Un’FE’d Covenants (FE = Functional Encryption). Given the ongoing debate over covenant proposals for Bitcoin the last year or two, his proposal marks a new practical option. All covenant proposals so far require a soft fork (actual opcodes), the development and implementation of unproven cryptography (Functional Encryption), or an absurdly high monetary cost to use (ColliderScript). Jeremy’s proposal requires no softforks, and does not impose a burdensome and impractical cost on users to utilize. The trade off for that capability is a radically different security model. By using a system of…

For much of the last two years, big tech has dominated the storyline revolving around artificial intelligence (AI). “Magnificent Seven” members Microsoft, Amazon, and Alphabet have invested billions into the likes of ChatGPT creator OpenAI and perhaps its biggest rival, Anthropic. Meanwhile there is Tesla, Elon Musk’s brainchild that’s looking to bring self-driving cars and humanoid robots to the masses. And of course, virtually none of the generative AI applications being developed by these megacap tech enterprises would even be possible without the help of Nvidia’s graphics processing units (GPUs) and proprietary software. If you’ve read any of my prior pieces,…

Investing.com– Australia’s PEXA Group (ASX:) shares hit a one-month high on Tuesday after the digital property exchange platform provider appointed Russell Cohen as its new chief executive officer (CEO), effective March end, 2025. The market welcomed the news, with investors showing confidence in Cohen’s extensive leadership experience and proven track record of scaling technology platforms in Asia Pacific. PEXA shares climbed nearly 10% to A$13.49, their highest level since November 19. Cohen, currently the Group Managing Director of Operations at Grab Holdings (NASDAQ:), has spearheaded growth initiatives across seven countries, driving market expansion for the tech giant, PEXA said in a…

As Bitcoin continues to mature, one of the most telling indicators of its longevity and integration into the broader financial ecosystem is the rapid growth of Bitcoin Exchange-Traded Funds (ETFs). These products—offering mainstream, regulated exposure to Bitcoin—have garnered substantial inflows from both institutional and retail investors since their inception. According to data aggregated by Bitcoin Magazine Pro’s Cumulative Bitcoin ETF Flows Chart, Bitcoin ETFs have already accumulated more than 936,830 BTC, raising the question: Will these holdings surpass 1 million BTC before 2025?The #Bitcoin ETFs have already accumulated 936,830 #BTC! 🏦Will this surpass 1,000,000 BTC before 2025? 🪙 Let me…

JHVEPhoto/iStock Editorial via Getty Images Merck (NYSE:MRK) is ceasing development of two monoclonal antibody candidates it was eying as fixed-doses combinations with its blockbuster Keytruda (pembrolizumab). Vibostolimab is an anti-TIGIT antibody, while favezelimab is an anti-LAG-3 antibody. The fixed-dose combination of vibostolimab and Keytruda was Source link

Starbucks (SBUX) has had a tense relationship with its employees over the past few years, especially after a recent change in management. Starbucks first faced growing unionization efforts from its hourly employees in 2021 as they cited issues such as short staffing, low wages, harassment and unpredictable scheduling. Starbucks has previously tried to curb these unionization efforts, which has heightened tensions between the company and its employees. 💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸By 2022, a report from the Wall Street Journal revealed that 25% of U.S. Starbucks baristas quit within the first 90…