Author: Anthony M. Orbison

(Bloomberg) — European stocks are poised to decline, tracking weakness in Asian equities as a world-beating rally in Chinese shares paused. Oil extended gains amid concern over escalating tensions in the Middle East.Most Read from BloombergFutures on the Euro Stoxx 50 index fell 0.4%, while those on US shares declined 0.2%. A gauge of Chinese shares in Hong Kong dropped 1.6%, snapping a 13-day winning run. Japanese shares gained on a weak yen. Markets in mainland China remain shut for Golden Week.The pound weakened after the Guardian reported that Bank of England Governor Andrew Bailey held out the prospect for…

Restaurant chains have faced financial distress this year related to several factors, such as rising food prices caused by inflation, increased interest rates, and changes in consumer spending habits. The harsh economic impact on restaurants has led several to close locations and sometimes file for bankruptcy. Don’t miss the move: Subscribe to TheStreet’s free daily newsletterRelated: Bankrupt pizza chain operator unloads dozens of restaurantsStruggling Pizza Hut operator EYM Pizza, which operates franchise locations in Illinois, Indiana, Ohio, Texas, and Wisconsin, filed its Chapter 11 petition in the U.S. Bankruptcy Court for the Eastern District of Texas on July 22 and hired…

As the number of active addresses spiked, AAVE’s total value locked (TVL) dropped On the contrary, technical analysis suggested a potential rally for AAVE Over the past 24 hours, there has been an aggressive 11.27% sell-off in AAVE’s market. However, this recent downturn might not end anytime soon, with other market developments indicating a sustained decline on the charts.  And yet, technical analysis pointed to a possible reversal, showing AAVE at a crossroads. Hence, AMBCrypto analyzed AAVE’s potential future movements, in light of these conflicting indicators. Investor withdrawal drives AAVE’s decline According to DeFiLlama, there has been a notable fall…

Oct. 03, 2024 1:18 AM ETEWJ, JEQ, FXI, PGJ, EWH, DXJ, CAF, FXY, USD, GXC, TDF, CHIQ, YINN, YANG, CQQQ, MCHI, CXSE, KWEB, ASHR, KBA, CWEB, KURE, AS51, NKY:IND, SHCOMP, HSI, SENSEX, AUD:USD, NZD:USD, JPY:USD, CNY:USD, INR:USD, HKD:USDBy: Meghavi Singh, SA News Editor Nikada Asia-Pacific markets trade mostly lower, Hong Kong stocks plunged on Thursday as the China stimulus rally appeared to ease. The escalating tensions in the Middle East after Iran’s missile attack on Israel also continued to grip markets and dampen risk appetite. The Source link

By Doyinsola Oladipo NEW YORK (Reuters) – Long lines of container ships queued up outside major U.S. ports on Thursday as the biggest dockworker strike in nearly half a century entered its third day preventing unloading and threatening shortages of everything from bananas to auto parts. No negotiations were scheduled between the International Longshoremen’s Association and employers, but the port owners, under pressure from the White House to hike their pay offer to land a deal, signaled late on Wednesday they were open to new talks. At least 45 container vessels that have been unable to unload had anchored up…

The SEC has officially filed its notice of appeal in the Ripple XRP lawsuit, according to a new filing sent to a New York court Wednesday. In August a judge ordered Ripple to pay just over $125 million in civil penalties, officially ending the SEC’s lawsuit & concluding that XRP is not a security. The decision was a win for Ripple and all of the crypto industry. However, the SEC has finally decided to send out an appeal to the ruling after over a month of speculation, and just days before the deadline to do so.JUST IN: 🇺🇸 SEC files…

After meeting with his military chiefs near Israel’s northern front with Hizbollah late last year, Benjamin Netanyahu delivered a stark warning to the Lebanese militant group: if it started an all-out war, Israel would “turn Beirut and southern Lebanon . . . into Gaza”.It is now Netanyahu who has escalated the conflict with Hizbollah, with Israel launching what it calls “limited, localised and targeted ground raids” against the militant group in its first land offensive in southern Lebanon in 18 years.Having previously vowed to push Hizbollah back from the border and enable the safe return to northern Israel of 60,000 people displaced by rocket…

Buying the Deluxe Beverage Package (DBP) on a Royal Caribbean cruise — at least if you want the best price — requires diligence. The cruise line has no set price for its all-inclusive, all-you-can-drink beverage package.Instead, the cruise line uses variable pricing based on a formula that’s not shared with passengers. It’s based on demand, so in a broad sense, the per-day, per-person price tends to be higher on shorter sailings.Related: Royal Caribbean asks passengers, travel agents to make big changeWeek-long cruises tend to be in the middle of the pricing structure while anything 8 days and over tends to…

A crypto strategist holding a “Master Trader” rank on the crypto exchange Bybit says one Solana (SOL)-based memecoin looks poised to have a strong week despite the latest correction. Pseudonymous analyst Bluntz tells his 278,100 followers on the social media platform X that Bonk (BONK) looks to be in the midst of a five-wave surge. Bluntz is a popular practitioner of the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rally. The trader shares a chart suggesting that BONK will rally to as high as $0.000033. “Swift post weekly dip here which is ideal,…

Amazon’s five-day return-to-office order sent shock waves throughout the company and the broader business world last month. On Tuesday, Whole Foods CEO Jason Buechel stepped up to the mic to assuage employee concerns at the Amazon-owned grocery chain. Saying he wanted Whole Foods employees to feel incentivized rather than bludgeoned into coming to the office every day, Buechel touted initiatives such as an “office experience task force” during a special meeting to address the RTO policy. “I want us to figure out, how do we find the win-win overall in supporting Whole Foods Market, our team members, our customers, and…