Author: Anthony M. Orbison

Transcript: Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.Wall Street ended a volatile week on an upswing thanks to a September hiring surge. By all accounts the closely watched employment data pointed to a labor market that’s in good shape. The report was too strong, though, to support hopes of another large interest rate cut by the Federal Reserve.Attention now turns to consumer and producer prices in the coming week. And Pepsi, JP Morgan Chase, and Wells Fargo will kick-off the start of earnings season.Related: Flight canceled due to Hurricane Helene?…

The Bitcoin (BTC) market fell prey to volatility ahead of the weekend. The king coin rose from a low of nearly $60,000 to a high of about $61,700. To be precise, the asset saw a 2% spike over the past 24 hours. It looks like BTC was still maintaining momentum, trading at $61,562.18 during press time.Also Read: Dogecoin: Can DOGE Continue Its Hotstreak Through The Weekend?Factors Influencing Bitcoin’s SurgeSourceBitcoin Profitability DataBased on the data from IntoTheBlock, more than 44 million BTC addresses, or more than 82% of all Bitcoin addresses, are currently profitable.The latest uptick was tied to the U.S.…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseCrude prices notched their biggest weekly rises in almost two years, as traders speculated that Israel or Iran could strike energy infrastructure in the world’s most important oil-exporting region.Brent, the global oil benchmark, settled at $78.05 a barrel on Friday, up more than 8 per cent since last Friday following a blistering four-day rally. It marked the biggest weekly gain since January 2023. The price surge came as escalating conflict in the Middle East ignited fears of violent disruption…

By David Shepardson and Ben Klayman WASHINGTON/DETROIT (Reuters) -Chrysler parent Stellantis (NYSE:) filed a federal lawsuit against the United Auto Workers, saying the union has violated the contract by threatening to strike over the company’s delays in planned investment. The automaker filed the suit on Thursday asking the U.S. District Court in the Central District of California to declare the decision by a union local in Los Angeles to take a strike authorization vote violates terms of the contract reached last fall. Stellantis seeks to hold the UAW and the local union chapter liable for any potential revenue loss and…

Ethereum symmetrical triangle pattern could indicate a bottom formation, with potential for further declines before a rally. Increased leverage ratio and fluctuating open interest volumes suggest significant market movement. Ethereum [ETH] has recently experienced significant volatility, with its price dipping by 10.8% over the past week. After a strong rally that pushed the asset above $2,700 in an attempt to reclaim the $3,000 level, the market corrected, sending Ethereum downwards.  As of now, it has begun showing signs of recovery, gaining around 2.4% in the past day to trade at approximately $2,389. This price movement has led many to speculate…

Meta is looking to collapse barriers between its platforms and give users more recommended content with its newest update. The social media giant announced changes to Facebook and Messenger at its Facebook IRL event in Austin, Texas, on Friday, including multiple new tabs. The key changes include: A Local tab that will show posts from Marketplace, Groups and Events near your Facebook location An Explore tab reminiscent of the Instagram tab of the same name, with posts curated by an algorithm tailored to your interests A Reels tab more prominently displayed on Facebook’s navigation with a full-screen video player built…

Lisa Su has two words for people who think artificial intelligence is overhyped.”Completely wrong,” the Advanced Micro Devices  (AMD)  chief executive said during an interview with Time.Don’t miss the move: Subscribe to TheStreet’s free daily newsletter”Having lived in the technology business for the last couple of decades, every 10 years or so we see a major arc in technology, whether it was the beginning of the internet or the beginning of the PC or the beginning of mobile phones or the beginning of the cloud,” she said. Su said AI is bigger than all those “in terms of how it can…

Prominent cryptocurrency analyst Ali Martinez has taken to X, sharing that Dogecoin (DOGE) whales purchased more than 1 billion DOGE in the last 24 hours, worth almost $108.7 million.Also Read: Ethereum Drops 15% Amid Middle East Crisis: Key Insights for TradersThe buying spree may be responsible for DOGE’s current price spike. The asset has rallied by 6.2% in the daily charts, 1.5% in the 14-day charts, and 12% over the previous month. The original memecoin is also up by 76.6% since October 2023. Despite the rally, the asset is still down by 12.3% in the weekly charts.Source: CoinGeckoReasons Behind Dogecoin’s…

By Daniel Wiessner(Reuters) – The U.S. Supreme Court agreed on Friday to decide whether it should be more difficult for workers from “majority backgrounds,” such as white or heterosexual people, to prove workplace discrimination claims.The justices took up an appeal by Marlean Ames, a heterosexual woman, seeking to revive her lawsuit against the Ohio Department of Youth Services in which she said she lost her job to a gay man and was passed over for a promotion in favor of a gay woman in violation of federal civil rights law.The Cincinnati, Ohio-based 6th U.S. Circuit Court of Appeals decided last…

By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court agreed on Friday to hear a bid by U.S. gun maker Smith & Wesson and firearms wholesaler Interstate Arms to throw out Mexico’s lawsuit accusing them of aiding the illegal trafficking of firearms to Mexican drug cartels. The justices took up an appeal by the two companies of a lower court’s refusal to dismiss Mexico’s suit, which was filed in federal court in Boston in 2021, under a 2005 U.S. law that broadly shields gun companies from liability for crimes committed with their products. The Supreme Court is due to…