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 has attacked her predecessor for cutting back on planned investment as she cleared the way for billions of pounds of extra capital spending in this month’s Budget. Forecasts produced under the Conservative government in March pointed to a succession of cuts in public sector net investment as a share of the GDP, Reeves told reporters on Thursday. “Investment was not prioritised by the last government. I am not going to make those mistakes,” said the UK chancellor. Reeves declined to set out…

The legion of mistakes is monumental over the past few years for Boeing  (BA) , the nation’s only sizable jet maker.Here’s just a sample of its woes:2018-19: Two Boeing 737 Max 8 crashes kill a combined 346 people, leading to a grounding of the jets for 20 months in the U.S.2020: The FAA grounds eight 787 Dreamliners.Don’t miss the move: Subscribe to TheStreet’s free daily newsletter2021: Boeing reveals that it found empty tequila bottles in a plane being redone for use as Air Force One.2022: Boeing announces delays for two jets to be used as Air Force One, causing losses…

Flare crypto bulls attempted a breakout but faced rejection. The clues from the volume trends showed a sustained upward move and recovery was yet unlikely. Flare [FLR] has been trading within a range since early August. This range extended from $0.0143 to $0.0167, with the mid-point at $0.0155. The token saw a strong surge in trading volume on the 2nd of October. This surge came alongside a sharp hike in prices. FLR rocketed from the range lows to achieve a breakout on the same day but has been forced to drop lower since then. Range breakout was denied emphatically Source:…

ByteDance looks like it’s eager to make up for lost time when it comes to scraping the web for data needed to train its generative AI models. The China-based parent company of video app TikTok released its own web crawler or scraper bot, dubbed Bytespider, sometime in April, according to research from Kasada, a company that specializes in bot management for companies with online data. The existence of the bot was also confirmed by Dark Visitors, which monitors scraper bots. ByteDance’s bot has quickly become one of the most, if not the single most, aggressive scrapers on the internet, the…

By Rae Wee SINGAPORE (Reuters) – Asian stocks retreated on Friday while oil prices headed for their sharpest weekly gain in more than a year, as escalating tensions in the Middle East kept markets on edge ahead of a U.S. jobs report later in the day. U.S. President Joe Biden said on Thursday that the U.S. is discussing strikes on Iran’s oil facilities as retaliation for Tehran’s missile attack on Israel, while Israel’s military hit Beirut with new air strikes in its battle against Lebanese armed group Hezbollah. His comments sparked a surge in oil prices, which had already been…

Amid an overall market downturn, Dogecoin has seen its network activity flourishing, as DOGE has witnessed a 72% surge in new addresses in the first week of October. The figure clearly displays a token that has received a notable increase in interest and participation.The development has certainly increased optimism among digital asset holders. Now only the network activity, but historical indicators are looking immensely positive for the token within October’s first week. However, the biggest question now is how much the network activity could propel DOGE throughout this month.Source – BitcoinistAlso Read: Top 3 Altcoin Picks for October: Explosive Gains…

(Bloomberg) — Billions of dollars have exited China’s largest money market exchange-traded funds just as billions more flowed into ETFs tracking equities, signaling that Beijing has finally drawn skeptical investors back to the country’s struggling stock market.Most Read from BloombergLast week, China’s 10 largest money market ETFs saw combined outflows of $4.1 billion, while the 10 biggest equity ETFs lured $6 billion in new capital. This shift followed fresh stimulus measures that spurred the best week for mainland stocks since 2008.The outflows were concentrated in two of the largest cash funds: the Yinhua Traded Money Market Fund, which lost $2.4…

PepsiCo.  (PEP)  which owns top food brands such as Lays, Quaker, Gatorade, etc., has its eyes locked on adding another popular brand to its portfolio, but some consumers are fearful of the outcome of the acquisition.The food giant announced in a press release on Oct. 1 that it is set to buy Siete Foods, a Mexican-American brand that is popular for having clean ingredients in its products, which include cookies, snacks, tortillas, spices, etc.Don’t miss the move: Subscribe to TheStreet’s free daily newsletterPepsiCo is putting down a whopping $1.2 billion to acquire the brand, and the deal is expected to…

A memecoin built on the Ethereum (ETH) layer-2 scaling solution Base is up nearly 128% in the past 24 hours after being added to Coinbase’s listing roadmap. Degen (DEGEN) is trading at $0.009 at time of writing, up from around $0.004 one day ago. The memecoin, which launched on Base in January, serves as a reward token for Farcaster, a blockchain protocol for building social networks. The project aims to give users of Farcaster’s ecosystem the ability to reward those “posting quality content” and bridge “the gap between online contributions and real-world value.” Coinbase also added the Solana (SOL)-based altcoin…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A strike that closed US east and Gulf coast ports will be suspended after the dockworkers’ union and the group representing ocean carriers reached an agreement on Thursday. The agreement extends the International Longshoremen’s Association’s employment contract, which had expired, until January 15. It will allow them to return to work for the first time in three days, the union and the shipping lines’ group said in a joint statement.Negotiations, which had been at an “impasse” over wages and automation for months,…