Author: Anthony M. Orbison

The boss of German carmaker Mercedes-Benz is bracing his company for a “Darwinian battle” as Europe’s auto giants reel from falling demand and the onslaught of Chinese competitors. Mercedez-Benz CEO Ola Kaellenius said the biggest challenge facing automakers was halting a crisis of confidence among Chinese consumers.  European automakers have made a significant push into the EV-hungry Chinese market while responding to an unexpected slowdown in the technology’s uptake in Europe.  However, a similar demand glut in China and the emergence of cheap competitors from the region has left Europe’s carmakers fighting fires at home and overseas. For Mercedes-Benz’s Kaellenius,…

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Storage is an important part of keeping your home organized. While dual-use furniture like storage sofas and coffee tables can be great for stowing away some things, there’s always a need for more dedicated storage space. Fortunately, we found just the thing on sale at Walmart that can keep anything you need safe and sound without disrupting your existing decor.The Homfa Storage Cabinet is only $95 right now, which is an impressive $165 off the regular price.…

In Q3, threat actors stole over $750 million worth of cryptocurrency across 150+ security incidents, marking a 9.5% increase in value lost despite 27 fewer incidents compared to Q2. Phishing attacks and private key compromises were significant contributors to over $750 million in cryptocurrency thefts during Q3, according to data from blockchain analytics firm CertiK. Despite a decline in the total number of security incidents to more than 150, the total value lost increased by 9.5% compared to the previous quarter. Per CertiK’s estimates, hackers have now stolen nearly $2 billion in 2024 alone, with the data showing $505.5 million…

Dividend stocks can be powerful investments. They’ve historically outperformed the market with lower volatility. The biggest driver of that outperformance is dividend growth. Brookfield Renewable (NYSE: BEP)(NYSE: BEPC), Oneok (NYSE: OKE), NNN REIT (NYSE: NNN), and Alexandria Real Estate Equities (NYSE: ARE) stand out for their ability to pay dividends. They offer higher payouts, all with more than a 4% yield, compared with the sub-1.5% average of the S&P 500, and they’ve steadily increased those payouts. With more dividend growth ahead, you shouldn’t hesitate to buy them this month. Powerful growth aheadBrookfield Infrastructure currently yields around 4.4%. The global renewable…

BUDAPEST (Reuters) – Germany’s envoy to Budapest urged Hungarian public figures to speak out against actions she said were eroding the trust of Hungary’s NATO and EU allies, in an unusually critical speech which senior Hungarian officials did not attend. “Hungary is on a path that is leading it away from its friends,” the ambassador, Julia Gross, told an audience of diplomats, NGOs and Hungarian officials to mark German Unity Day late on Wednesday. Senior officials were not at the event, which had been addressed by Hungary’s foreign minister a year ago. The government did not immediately respond to a…

Este artículo también está disponible en español. The Dogecoin price reaching as high as $10 has long been anticipated by the DOGE community who have remained loyal to the meme coin despite various crashes that have rocked the price. Even with Dogecoin sitting more than 85% below its May 2021 all-time high of $0.73, expectations for the meme coin’s performance are still very high. Given its historical performance, the DOGE price usually gets a window of opportunity for a surge, and it seems like another window is finally opening up. The Bullish Thesis For Dogecoin Crypto trader and analyst Dima…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An Israeli air strike killed at least seven people in a medical facility in the heart of Beirut in the early hours of Thursday, in the deepest assault on the capital since fighting began.The strike hit close to Lebanon’s parliament building in a densely populated neighbourhood far from the capital’s southern suburbs, which Israel has pummelled over the past two weeks.The medical facility was linked to Iran-backed militant group Hizbollah. The bombing killed seven emergency responders and paramedics, the group said, and…

Although Nike is ranked as the number one sportswear company in the U.S., it’s no secret that it has struggled to get its sales figures on a positive track.The renowned sportswear brand has experienced big revenue losses for the last few quarters due to a failing business strategy.Additionally, increasing competition in the sportswear market due to growing rival brands like Hoka and OnRunning ONON has lit a fire under Nike to promote newness by focusing on developing more innovative products to regain lost clientele.Don’t miss the move: Subscribe to TheStreet’s free daily newsletterIn its prior earnings report, Nike acknowledged its hardships and lowered…

Este artículo también está disponible en español. Crypto trading firm QCP Capital says the “shallow sell-off” in crypto markets following Iran’s recent attack on Israel indicates healthy market demand for risk-on assets. Crypto Market Remains Well Bid For Risk Assets Despite Iran launching over 180 missiles toward Israel yesterday, the sell-off in traditional financial (TradFi) assets was relatively muted. The S&P 500 closed 1% lower, while U.S. benchmark West Texas Intermediate (WTI) oil prices rose 2%. In contrast, the digital assets market was hit relatively harder, with Bitcoin (BTC) sliding more than 5% following Iran’s attack. The total crypto market…

Earlier this year, Dutch medical device maker Royal Philips reached a $1.1 billion deal to settle thousands of claims stemming from a recall in 2021 of millions of its breathing machines like CPAPs and hospital ventilators, a crisis that dealt the 133-year-old technology company the biggest blow in its modern history. So dramatic and reputation-damaging was the debacle for Philips—perhaps best known for its Norelco electric razors, electric toothbrushes, and irons—that CEO Roy Jakobs created a new C-suite role—chief patient safety and quality officer—that reports directly to him. Jakobs can ill afford risking a disaster like this one again. As…