Author: Anthony M. Orbison

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is author of ‘Command’ and the Substack ‘Comment is Freed’There is a famous joke about a frog on the banks of the River Jordan. A scorpion asks for a ride across. “Why would I do that?” says the frog. “If you get on my back you will sting me.” The scorpion explains that he, too, would drown. Reassured the frog carries him, until halfway, the scorpion stings the frog. “Why?” cries the frog, “Now we are both doomed.” Because, comes back…

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Wayfair’s Way Day sale officially starts tomorrow, but the deals are already rolling in. Though some sales will stick around for the length of the sale, others may just disappear before midnight tonight. One such sale is this $1,600 JolyDale Gazebo that’s now selling for only $549. We did the math for you, and that’s 66% off. And don’t be fooled by the price, this isn’t some back of the warehouse item nobody wants—it has over 200…

Q3 revealed a challenging landscape for the crypto market, marked by low on-chain fees, rising Bitcoin dominance, and Ethereum’s struggle with inflation and underperformance. Ethereum’s (ETH) identity is shifting as it moves from a deflationary model to inflation, raising doubts about its role as a cryptocurrency amid the rise of layer 2 solutions and Bitcoin’s (BTC) dominance. In an X article on Oct. 4, IntoTheBlock’s head of research Lucas Outumuro noted that although on-chain fees have seen a slight rebound in September, Ethereum continues to grapple with substantial fee reductions that have hindered its performance. “While fees have bounced back…

Europe’s medicines regulator has started a review of whether a drug used to treat male balding can be linked to suicidal thoughts and behaviors.  The European Medicines Agency’s review of finasteride, which is available as both a pill and a solution that can be applied directly to the skin, follows concerns being raised about the potential link between the drug and thoughts of suicide. Finasteride can also be used to treat men with an enlarged prostate. Another drug, called dutasteride, also used to treat an enlarged prostate, is similarly under review by the EMA.  Drugs containing finasteride and dutasteride when…

BENGALURU (Reuters) – Jio Financial and U.S.-based BlackRock (NYSE:) got in-principle approval from India’s markets regulator to act as co-sponsors and set up a mutual fund business in the country, the Mukesh Ambani-led Reliance Group company said on Friday. Jio Financial said the Securities and Exchange Board of India will grant the final approval after the two companies fulfil certain requirements, on which it did not elaborate. Days after its demerger from Reliance Industries in July 2023, the company had announced the formation of a 50:50 joint venture with BlackRock to launch asset management services in India. The companies signed…

According to cryptocurrency analysis firm LookOnChain, an Ethereum (ETH) investor withdrew 17,135 ETH, worth more than $40 million, from staking. The investor has deposited 16,750 ETH, worth roughly $39.75 million, to Kraken. LookOnChain said the ETH whale sold 5000 tokens worth $11.7 million on Oct. 3, 2024.Also Read: Urgent: USD Collapse, Jack Mallers & Elon Musk Warn of U.S. Bankruptcy!Ethereum Dips Amid Sell-OffThe whale’s recent sale coincides with ETH’s current market dip. The asset has fallen 10.1% in the weekly charts, 6.3% in the 14-day charts, and 0.4% over the previous month. Despite the correction, ETH has gained 2.2% in…

Kevin Carter / Getty ImagesKey TakeawaysShares of discount airlines Frontier Group Holdings and JetBlue soared on a report that rival Spirit Airlines is holding discussions about a possible bankruptcy.The Wall Street Journal said Spirit is holding talks with bondholders and other creditors about a Chapter 11 filing.Spirit Airlines shares spiraled on the news, hitting an all-time low.Shares of Frontier Group Holdings (ULCC) and JetBlue Airways (JBLU) took off Friday on a report that discount airline rival Spirit Airlines (SAVE) is considering a bankruptcy filing. Spirit shares plunged 25% soon after markets opened.The Wall Street Journal reported that the carrier is…

The consumer technology sector represents companies that develop and sell tech products directly to consumers. This includes smartphone manufacturers, computer makers, wearable device producers, and smart home tech firms. Consumer tech stocks offer investment opportunities in these innovative companies traded on public exchanges. The sector is known for its rapid product cycles and potential for breakthrough innovations. Investing in consumer tech stocks can present unique opportunities. These companies often benefit from strong brand loyalty and recurring revenue through product upgrades. Many consumer tech firms are at the forefront of emerging technologies like AI and IoT. The sector can see rapid…

Este artículo también está disponible en español. In an analysis shared on X, crypto analyst Astronomer (@astronomer_zero) delves into the question that’s been looming over the crypto community in recents months: “Will we never have a proper altcoin season again?” As Bitcoin’s dominance (BTC.D) continues to surge and altcoins struggle to keep pace, Astronomer provides a data-driven perspective challenging the prevailing narratives that suggest the era of altcoin seasons may be over. Astronomer begins by acknowledging the difficulties faced by altcoin holders in the current market environment. “Alts are still at low prices and BTC.D is raging up, and yes,…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US economy added 254,000 jobs in September, far outstripping expectations, in a sign of the labour market’s resilience as the Federal Reserve considers how rapidly to cut interest rates.The figure from the Bureau of Labor Statistics was above expectations of economists polled by Reuters of 140,000 and compared with an upwardly revised gain of 159,000 jobs in August. The unemployment rate fell to 4.1 per cent, having come close to a three-year high in July at 4.3 per cent.The report suggests…