Author: Anthony M. Orbison
Stay informed with free updatesSimply sign up to the US inflation myFT Digest — delivered directly to your inbox.The Federal Reserve is set to take a more cautious approach to interest rate cuts on fears that the Trump administration’s policies will stoke higher inflation, according to academic economists polled by the Financial Times. The economists, who were surveyed between December 11 and 13, moved up their forecasts for the federal funds rate next year compared to the previous FT-Chicago Booth poll in September. The vast majority thought it would hover at 3.5 per cent or higher by the end of 2025,…
While most of Wall Street was skeptical that stocks could deliver back-to-back big years coming into 2024, that’s exactly what happened. The S&P 500 is on track for another consecutive gain of over 20%, given it’s up 27% year-to-date with only two weeks left to go. And the rally has been strong throughout the year, much to the surprise of many of Wall Street’s leading analysts.One analyst who wasn’t caught flat-footed by the stock market’s rapid run-up again this year is Tom Lee. The FundStrat founder has been analyzing stocks on Wall Street since the early 1990s, and he drew a…
Market analyst Ben Armstrong, popularly identified as BitBoy, shares two likely timelines for XRP to attain $4.50. Following the XRP leap to surpass the $2 price level at the onset of December, the altcoin appears stuck in a range and unable to break above the $2.80 level. The XRP bulls failed to hold the altcoin above the $2.0 level, allowing it to revisit the 2021 peak at $1.90 briefly before a massive rebound to $2.61 on Dec. 9. While the XRP bounced back to reclaim above $2.50, its persistence struggle was evident as it lost momentum. This left XRP…
Elon Musk ‘Jokingly’ Refers To Apple As The ‘Tesla Graveyard’ And Says Steve Jobs Was ‘Kind Of A Jerk’ To Him When They Met At A Party Elon Musk doesn’t hold back when it comes to Apple. From calling the company the “Tesla Graveyard” to criticizing its AI plans and reflecting on his unpleasant encounter with Steve Jobs, Musk’s comments make it clear that the rivalry between these tech giants is personal, professional and competitive. Back in 2015, during an interview with the German newspaper Handelsblatt, Musk mocked Apple’s hiring practices. Referring to its recruitment of former Tesla employees, he…
(Reuters) -Teamster members working at Marathon Petroleum (NYSE:)’s Detroit refinery have voted to ratify a seven-year collective bargaining agreement, three months after workers walked off the job, the union said on Sunday, in a post on X. Over 200 Teamsters at Marathon’s Detroit refinery had called for the strike on Sept. 4 after months of pay and safety-related negotiations and mediations with the refiner yielded no results. The prior contract expired in January 2024. Marathon Petroleum could not be immediately reached for comment outside business hours. Marathon representatives and the Teamsters had several negotiating sessions under a federal mediator since…
Ripple XRP has made significant waves over the last month, surging over 200%. With its recent momentum, the asset is looking to reach $3 soon. XRP is also outperforming Bitcoin (BTC) and Solana (SOL) in December, making it a premium choice for crypto investors. How high could Ripple’s native cryptocurrency trade at the start of 2025?Several crypto assets recorded a major downfall over the past day, including Ripple XRP. While the market is betting on the altcoin pushing past $3, the latest drop created a massive hurdle. The asset dropped by more than 12% on Thursday but has since rebounded…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Russia has evacuated at least 400 soldiers from the Damascus region in recent days in co-ordination with the main rebel faction that toppled Bashar al-Assad’s regime, an official from the group said.The soldiers had been stationed at the Syrian Army’s notorious Fourth Division headquarters in Qudsayya, a suburb of the capital, Kamal Lababidi, a member of the political bureau of Hayat Tahrir al-Sham, told the Financial Times in an interview.Russian soldiers stationed at the embassy in Damascus had also left over the past…
Bryan James works as a guitarist for Royal Caribbean and he posts popular videos on a number of social media services.He often shared a look behind the curtains into crew life. Onboard musicians live in an interesting in-between on many crew lines. On Royal Caribbean, for example, a solo guitarist or Schooner Bar piano player has passenger-like privileges. They can eat in passenger areas, hang out with their audience after the show, and even use the pools and hot tubs.They are also crew members in that they have some of the same drills and requirements that non-entertainers have. They also…
The CEO of digital assets-focused investment firm Pantera Capital says his firm owns a handful of other crypto in addition to Bitcoin (BTC). In a new CNBC interview, Dan Morehead says that he thinks Bitcoin and crypto still have more room to the upside this cycle. Morehead notes that his firm has accumulated positions in three altcoins including the layer-1 protocol Solana (SOL). “The fun thing about crypto is we’ve been doing this for 11 years, and Bitcoin has a little bit more than doubled this year… On average, it has done that for 11 years in a row. So…
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