Author: Anthony M. Orbison
(Bloomberg) — The appetite of Federal Reserve policymakers for another large interest-rate cut in November may come into better focus in the coming week as Jerome Powell addresses economists and the government issues new employment numbers.Most Read from BloombergThe Fed chair will discuss the US economic outlook at a National Association for Business Economics conference on Monday. At the end of the week, the September jobs report is expected to show a healthy, yet moderating, labor market.Payrolls in the world’s largest economy are seen rising 146,000, based on the median estimate in a Bloomberg survey of economists. That’s similar to…
By Aditya Kalra NEW DELHI (Reuters) – Three online sellers operating on Walmart-owned Flipkart have sued the Indian antitrust watchdog over an investigation which found they, Flipkart and rival Amazon (NASDAQ:) breached competition laws, according to court filings seen by Reuters. The filings come after antitrust investigations concluded in August found Amazon and Flipkart, some of their sellers and smartphone brands, violated local competition laws by giving undue preference to select online sellers and prioritizing certain listings, Reuters has reported. Flipkart is one of India’s biggest ecommerce players and rivals Amazon. In an effort to quash the critical proceedings, the…
Amid its ongoing rebound, Ethereum gas fees have hit a $7 average as users are faced with increasing transaction costs. Since the middle of September, transactions increased, reaching heights of $5 and staying that way until they dropped slightly by the 23rd. Yet, Tuesday morning they increased again, reaching an average of 0.0027 ETH.Ethereum has long been known for its slow speeds and extensive costs. It is why networks like Solana have thrived when competing with the blockchain. Although ETH remains the second largest crypto by market cap, its ongoing issue with cost has many questioning its longevity there.Also Read:…
US retailers, automakers and other businesses face ballooning freight rates as they make contingency plans for a strike that threatens to close nearly three dozen ports next week. The International Longshoremen’s Association, which represents 25,000 dockworkers at ports between Maine and Texas, said it planned to walk off the job early Tuesday unless port operators agreed to substantially raise their wages and limit automation. The strike would close east coast and gulf coast ports that handle roughly half of the goods imported via container, including food, pharmaceuticals, consumer electronics and apparel, costing the US economy as much as $5bn each day, JPMorgan…
Costco’s (COST) reaping day is yet to come, with bigger gains anticipated this holiday season.Adobe has recently projected U.S. online sales to reach $240.8 billion during the 2024 holiday season, marking an 8.4% year-over-year increase, according to thefly.com’s report on Sept. 25. This growth signals a resurgence in consumer confidence as the U.S. economic outlook strengthens, which is expected to benefit major retailers like Walmart (WMT) and Costco.The latest personal consumption expenditures data (PCE), the Fed’s preferred measure of inflation, increased by 0.1% in August, bringing the annual inflation rate down to 2.2% from 2.5% in July. With the Fed’s…
According to several crypto analysts, altcoins are exhibiting a notable breakout, hinting at a potential shift toward an altcoin-dominated market phase.Analysts observed that the total market capitalization of altcoins is rising, breaking out of longstanding downward trends. Technical and on-chain analyst Ali Martinez noted that while it’s uncertain if a full-blown altcoin season has arrived, the current developments represent a promising start.Analyst Caleb Franzen shared insights that altcoins measured through TradingView indexes like TOTAL.3 and OTHERS have surpassed significant moving averages, specifically the 100-day and 200-day exponential moving averages (EMAs). Franzen highlighted that the last such breakout occurred in July 2023,…
Gov. Gavin Newsom vetoed a bill Saturday that would have required new cars to beep at drivers if they exceed the speed limit. California would have become the first to require such systems for all new cars, trucks and buses sold in the state starting in 2030. The bill, aimed at reducing traffic deaths, would have mandated that vehicles beep at drivers when they exceed the speed limit by at least 10 mph (16kph). The European Union has passed similar legislation to encourage drivers to slow down. California’s proposal would have provided exceptions for emergency vehicles, motorcycles and motorized scooters. In explaining…
MILAN (Reuters) – UniCredit chief Andrea Orcel attended a virtual meeting the Italian bank held on Friday with Commerzbank (ETR:) after becoming the German lender’s biggest private investor, a source with knowledge of the matter told Reuters. Commerzbank’s designated CEO Bettina Orlopp was also present on Friday’s conference call, which a UniCredit source had previously described as the kind of meeting companies hold with their investors. UniCredit declined to comment. Orlopp, who was appointed Commerzbank CEO earlier this week, told a financial conference in London on Thursday that the two banks would meet to “exchange views” now that UniCredit was…
Este artículo también está disponible en español. The lawsuit between Ripple and the United States Securities and Exchange Commission (SEC) has in fact not ended, as new reports of the regulator possibly opposing the court’s decision have surfaced. If the SEC decides to proceed with the appeal, Ripple could be drawn into an even longer and more tedious legal dispute, extending the uncertainty about its regulatory clarity. Related Reading SEC May Appeal Ripple Court Ruling In an X (formerly Twitter) post on September 26, Fox Business journalist Eleanor Terrett revealed new information concerning the three-year-long court battle between Ripple and…
You can soothe your retirement anxiety by looking at your buckets of savings. – Getty ImagesGot a question about investing, how it fits into your overall financial plan and what strategies can help you make the most out of your money? You can write to me at . Please put “Fix My Portfolio” in the subject line.Dear Fix My Portfolio,Intellectually, I am feeling well prepared for retirement, but in my heart I have an irrational fear that I am not financially ready to retire. I think my fears center around uncertainty in the market and around not having an income stream…