Author: Anthony M. Orbison

While cruise lines like to sell add-ons because they make the company more money, some extra-fee items also prevent customer service issues. A drink package, for example, enables the cruise line not to have to deal with angry passengers who run up huge a la carte bills. Some people don’t listen and, well, each adult beverage you consume makes you less likely to be concerned with the cost of the next one.And, of course, while some people set out to “beat” the drink package, many likely have days when it’s not a good value.The same logic applies, albeit in a different…

Malicious actors stole more than $750 million in various crypto-related hacks and scams during the third quarter, pushing total losses for the year to over $1.9 billion, according to CertiK’s quarterly Hack3d security report.The losses were incurred in 155 separate incidents, showing a 9.5% rise in stolen funds compared to the previous quarter. However, there were 27 fewer incidents than in the second quarter.According to the report, three major events were responsible for most of the funds stolen during the quarter. Two of the largest incidents were a $238 million phishing attack targeting a Bitcoin whale and a $231 million…

Burberry’s brand value has plunged in the last year as the company fights the dual challenges of a luxury downturn and a disastrous internal turnaround plan. Kantar’s annual BrandZ ranking of brand values saw Burberry lose nearly $2 billion in brand value compared with 2023. The group was the second biggest faller among a ranking of the U.K.’s 75 most valuable brands, behind financial advisor St. James’s Place. The luxury industry is fighting a downturn that has been felt across the board, as buyers reign in “revenge shopping” that bounced after the COVID-19 pandemic, while the richest proved they weren’t…

By Doyinsola Oladipo NEW YORK (Reuters) – President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labor deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping. The strike by the International Longshoremen’s Association (ILA) union has blocked everything from food to automobile shipments across dozens of ports from Maine to Texas in a disruption analysts warn will cost the economy billions of dollars a day. More than 38 container vessels were already backed up at U.S. ports by Tuesday, compared with just three on…

Este artículo también está disponible en español. Ripple’s XRP token amassed close to $1 billion in open interest over the weekend, while its price hovers around $0.61 at press time, data from CoinGlass shows. What’s Different About XRP Price Action? While the top two cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have been down 1.5% and 2.3% over the past week, XRP has been up 4.1% during the same period. Several factors could explain XRP’s counter-trend price action. For example, digital asset manager Grayscale Investments recently launched a closed-end XRP Trust in the US, enabling institutional investors to gain exposure to…

(Bloomberg) — Chinese shares listed in Hong Kong jumped the most in almost two years, extending their stimulus-induced euphoria as traders returned from a public holiday.Most Read from BloombergThe Hang Seng China Enterprises Index climbed as much as 8.4%, extending its winning streak to 13 days. Property developers led gains with a gauge tracking the sector leaping as much as 31%, a record intraday gain, while an index of brokerage shares — seen as a barometer of risk sentiment — jumped 28%. Mainland Chinese markets remain shut until Oct. 8 for a week-long holiday.The extended rally is driven by optimism…

Off-White is an Italian luxury streetwear brand founded by the late American designer Virgil Abloh.Abloh became a household name in the fashion industry due to his time as creative director of LVMH’s Italian luxury brand, Louis Vuitton, and later for developing his own brand, Off-White. Don’t miss the move: Subscribe to TheStreet’s free daily newsletterWith the birth of his innovative fashion brand, Abloh successfully introduced streetwear into the luxury fashion world unlike any other, earning the designer a spot among the top designers in the fashion world.His hard-working nature, undeniable style, and unique fashion sense granted him the respect and recognition…

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…

Israeli Prime Minister Benjamin Netanyahu vowed to retaliate against Iran after the Islamic republic fired scores of ballistic missiles at Israel on Tuesday as the region slid ever closer towards all-out war.Speaking after the Israeli military said Tehran had fired about 180 missiles at the country, Netanyahu warned “Iran made a big mistake tonight — and it will pay for it”.“Whoever attacks us, we will attack them,” he said. Israeli military spokesperson Daniel Hagari said most of the Iranian missiles had been intercepted, but added there were “a few hits in the centre and other areas in the south of…

By Mrinalika Roy (Reuters) -The first large-scale strike by dockworkers on the U.S. East and Gulf coast in nearly 50 years, blocking everything from food to automobile shipments, has highlighted again the increasing mobilization by unions in the country since last year. Here are some key union actions in 2023 and 2024: LOGISTICS ** Members of the International Longshoremen’s Association walked out at the major U.S. ports on Oct. 1 after talks with United States Maritime Alliance over a new contract failed. The combined 36 East and Gulf Coast ports handle 57% of U.S. container volume, and analysts warned the…