Author: Anthony M. Orbison

A closely watched report on US inflation showed consumer price increases ticked lower on an annual basis during the month of September but “core” prices remained sticky, according to the latest data from the Bureau of Labor Statistics released Thursday morning.The Consumer Price Index (CPI) increased 2.4% over the prior year in September, a slight deceleration compared to August’s 2.5% annual gain in prices. The yearly increase, which was the lowest annual headline reading since Feb. 2021, came in hotter than economist expectations of a 2.3% annual increase.The index rose 0.2% over the previous month, matching the increase seen in…

Investing.com – Saudi Arabia stocks were higher after the close on Thursday, as gains in the , and sectors led shares higher. At the close in Saudi Arabia, the added 0.56%. The best performers of the session on the were Arab Sea Information Systems Co SJSC (TADAWUL:), which rose 9.90% or 0.67 points to trade at 7.44 at the close. Meanwhile, Al Aseel Co Ltd (TADAWUL:) added 9.09% or 0.40 points to end at 4.80 and Al Baha Investment and Development Company SJSC (TADAWUL:) was up 7.69% or 0.03 points to 0.42 in late trade. The worst performers of the…

Ethereum (ETH) faced a significant price correction earlier this month, falling from above $2600 to around the mid-$2400 levels. The correction follows a general market dip followed by Iran’s attack on Israel. The second-largest crypto project by market cap has struggled to gain traction this year, failing to reclaim the $3,000 level, which it lost in early August.While ETH is among the most popular and successful crypto projects, the asset has not performed as investors hoped. The launch of a spot ETH ETF (Exchange Traded Fund) in the US did not yield the same results as the spot Bitcoin (BTC)…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Religious hate crimes hit a record high in England and Wales in the year to March, as offences against Jewish people and Muslims surged in the wake of the Israel-Hamas war.Some 10,484 religious hate crimes were reported in 2023-24, according to Home Office data published on Thursday. This represented a rise of 25 per cent from 8,370 incidents the previous year and the highest level since records began in 2012. The increase in offences was driven by attacks targeting Jewish people, which more…

Breaking up is hard to do and, in the case of Google, it could be very expensive.Federal regulators fired a broadside at the search engine giant’s parent company Alphabet  (GOOGL)  on Oct. 8.Related: Google breakup is on the table — What happens next in DoJ’s caseThe U.S. Department of Justice said in a court filing that it may ask the courts to separate Google’s core search business from other Google products — such as the Android mobile operating system, the Chrome web browser, and the Google Play app store — because they combine to form a Google monopoly.Don’t miss the…

Taiwan’s Financial Supervisory Commission (FSC) will launch a pilot program for institutions interested in digital asset custody services, local media reported on Oct. 8.The program is part of the country’s broader effort to foster financial innovation amid plans to introduce comprehensive legislation for the digital asset industry by the end of 2024.According to reports, three banks have already expressed interest in joining the program, which will begin accepting applications in early 2025.Institutional crypto custodyThe FSC will encourage financial institutions to participate in the pilot program, which will allow banks to safeguard digital assets like cryptocurrencies for clients.Hu Zehua, Director of…

Expectations are high for the long-awaited unveiling of Tesla’s robotaxi at a Hollywood studio Thursday night. Too high for some analysts and investors. The company, which began selling software it calls “Full Self-Driving” nine years ago that still can’t drive itself, is expected to show off the so-called “Cybercab” vehicle, which may not have a steering wheel and pedals. The unveiling comes as CEO Elon Musk tries to persuade investors that his company is more about artificial intelligence and robotics as it struggles to sell its core products, an aging lineup of electric vehicles. Some analysts are predicting that it will…

Investing.com — Demand for Apple Inc (NASDAQ:)’s iPhone 16 “remains weak,” Jefferies analysts revealed in a Thursday note, with delivery lead time continuing to shorten across major markets. Citing recent tracking data on October 8, delivery lead times for both the iPhone 16 Pro (16P) and iPhone 16 Pro Max (16PM) have decreased by 3 to 16 days across all seven cities in China, including Hong Kong, compared to the previous tracking on September 29. The delivery time for the 16P has decreased more significantly than for the 16PM, except in Hong Kong. On average, customers in China wait 23…

Este artículo también está disponible en español. In a recent memo shared with clients, Bitwise CIO Matt Hougan emphasized several factors that could cause Bitcoin (BTC) to “melt-up” to $80,000 in the last quarter of 2024. Factors To Propel Bitcoin To $80,000 Hougan highlighted three essential conditions that could push BTC to new all-time highs (ATH) in 2024. First, he pointed to November’s upcoming U.S. presidential elections, which could influence BTC’s future price trajectory. According to Hougan, anything other than a Democratic sweep would benefit the top cryptocurrency by market cap. Related Reading In the memo, Hougan explained that while…

Nvidia (NASDAQ: NVDA) supplies the most powerful graphics processing chips (GPUs) for developing artificial intelligence (AI) models. The company has an impressive list of customers who are spending truckloads of money to fill their data centers with those chips as they battle for AI supremacy.In fact, Nvidia CEO Jensen Huang believes AI infrastructure spending will top $1 trillion over the next five years, and his company is likely to be the biggest winner because it has a dominant market share in the GPU space.In an interview with CNBC last week, Huang made a series of positive comments about Nvidia’s new…