Author: Anthony M. Orbison

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rachel Reeves’ increase in business taxes is taking its toll on the UK economy as companies cut back hiring, adding to warnings that the chancellor’s Budget has sapped corporate confidence heading into the new year. Private sector employment in December fell at the fastest pace since January 2021 or, if the coronavirus pandemic is excluded, 2009, according to the S&P Global flash UK purchasing managers’ employment index published on Monday.The index fell to 45.8, down from 48.9 in November, and well below…

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.While a jump starter and air compressor combo is a useful tool for getting your car back on the road, it’s not the only safety item your vehicle needs. Dash cams have become incredibly popular in recent years for their help in protecting against theft and unwarranted traffic citations, among other things. We found a model on sale at Walmart, and it even includes an interior camera.The Aldf 4K Dash Cam costs just $42 at the moment,…

Goldman Sachs is open to expanding its Bitcoin and Ethereum participation in a more accommodating regulatory environment. Goldman Sachs CEO David Solomon stated that the legacy financial institution would consider a broader presence in Bitcoin (BTC) or Ethereum (ETH) markets if authorized by U.S. regulators, according to an interview at a Reuters event. The bank, along with several other traditional finance giants, has historically avoided cryptocurrencies and blockchain assets, citing concerns over volatility and rampant scams in the industry. However, sentiment has shifted significantly in 2024, especially following the Securities and Exchange Commission’s approval of crypto exchange-traded funds. Observers anticipate…

With inflation steadily headed toward the 2% target, the Fed announced at its November 7th meeting that it would cut interest rates by 0.25 basis points, after dropping the rate by 0.50% on September 18th. Here’s how the federal rates have changed since 2022: 5 money moves you should make before further rate drops  The Fed rate influences the rates that banks set on consumer products, such as high-yield savings accounts, certificates of deposit (CDs), and credit cards.  “A higher federal funds rate means banks’ borrowing costs are greater,” says Dan Tolomay, chief investment officer (CIO) of Trust Company of…

WASHINGTON (Reuters) – President-elect Donald Trump’s transition team will arrive at the Pentagon on Monday, a Pentagon spokesperson said, after a delay in signing an agreement after the Nov. 5 election to formally begin the transition process. Pentagon spokesman Major General Pat Ryder said that Deputy Defense Secretary Kathleen Hicks spoke with the Trump transition team on Friday and “conveyed the department’s commitment to conducting a smooth and professional transition.” The unusual delay in signing the agreement after the election had raised concerns among some critics about potential hiccups in government operations or conflicts of interest. Trump, a Republican, will…

Ripple will launch its US dollar-pegged stablecoin, Ripple USD (RLUSD), on Dec. 17 on the XRP Ledger and Ethereum.According to the Dec. 16 announcement, each RLUSD token will be fully backed by US dollar deposits, government bonds, and cash equivalents.The stablecoin will initially be available on Uphold, Bitso, MoonPay, Archax, and CoinMENA. In the coming weeks, the firm plans to expand to prominent platforms like Bullish, Bitstamp, and Mercado Bitcoin. Additionally, Ripple will provide monthly third-party attestations of RLUSD’s reserves, which will be audited by an independent firm.Ripple CEO Brad Garlinghouse said the company is launching to launch RLUSD under the…

MicroStrategy (MSTR) stock jumped nearly 5% Monday as investors reacted to the company’s latest bitcoin (BTC-USD) purchase and its upcoming addition to the Nasdaq 100. The software firm-turned-bitcoin whale said in a filing Monday morning that it had acquired an additional 15,350 bitcoins for $1.5 billion. The company now owns roughly 440,000 bitcoins. MicroStrategy is the largest corporate investor in the cryptocurrency, adopting bitcoin as its primary Treasury reserve asset. The company has been on a bitcoin buying spree since the election of Donald Trump, whose crypto-friendly rhetoric and Cabinet appointments have sent the value of bitcoin soaring as part…

Cruise line crew members work tirelessly to attend to every need of passengers and the cruise ships that carry them, enduring long hours of grueling work seven days a week with no days off for months at a time. From stateroom attendants and dining staff to deck officers and technicians, crew members are the heart of a cruise ship and their efforts are the reasons many passengers keep choosing cruise vacations and stay loyal certain cruise lines. Norwegian Cruise Line recently celebrated its crew members in a post on its on Facebook page that received thousands of likes and hundreds…

Este artículo también está disponible en español. Crypto analyst TradinSides has suggested that it might be time for investors to start closing their XRP long positions. This came as the analyst revealed a bearish pattern, which showed that the XRP price could witness a significant crash.  XRP Price Could Crash As Head And Shoulder Pattern Forms In a TradingView post, TradinSides predicted that XRP could crash as the price could form the Head and Shoulders pattern, driving the crypto to $2.2 or below. The analyst stated that this price correction could happen if some bullish fundamentals don’t happen for the…

Dec. 16, 2024 12:33 PM ETDow Jones Industrial Average Index (DJI), SP500, COMP:INDIWF, GOOG, NVDA, MU, AXON, MSTR, AVGO, PLTR, NDX, US10Y, US2YBy: Carla Mozee, SA News Editor Pharrel Wiliams Wall Street’s major stock averages largely gained ground Monday afternoon, with investors casting an eye toward potentially 2024’s last interest-rate reduction by the Federal Reserve, and what monetary policymakers may signal lies ahead for 2025. The Nasdaq Composite (COMP:IND Source link