Author: Anthony M. Orbison

Transcript: Conway Gittens: I’m Conway Gittens reporting from the New York. Here’s what we’re watching on TheStreet today.War and walkouts: those were the two dominant themes behind a volatile session on Wednesday. But, jobs were a close third. Private hiring rose for the first time in six months suggesting a labor market that is holding its own. Data from payroll processing company ADP showed 143,000 new jobs in September.Investors will get more jobs info Thursday with the weekly update on jobless claims and a look at the health of the mighty services sector.Related: Elon Musk bought X for $44 billion — it’s…

BONK has a strongly bullish short-term outlook. The potential for a bearish divergence could see volatility and a price dip in the coming days. Bonk [BONK] was one of the popular meme coins that held up well while the majority of the market experienced increased sell pressure. BONK also saw a large short-term dip, but the bulls were quick to buy it. This influx of buying saw Bonk coin regain 10.8% after the dip. A resistance level that has not been breached since July stood in the way of the bulls- will they clear this level soon? Range breakout and…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The estranged wife of a green energy tycoon who has given millions of pounds to the UK Labour party accused him on Wednesday of seeking to finalise their divorce in “haste” because he expects to receive an honour from Downing Street and wants to deprive her of a title.Lawyers acting for Dale Vince’s wife, Kate, claimed the businessman anticipated being given a peerage or knighthood after he bankrolled Sir Keir Starmer’s general election campaign and wanted a judge to sign off on…

By Sinéad Carew, Lawrence White NEW YORK/ LONDON (Reuters) -MSCI’s global equities index was up very slightly on Wednesday while the dollar rose and oil prices pared earlier gains, as investors anxiously watched to see how Israel would respond to Iran’s missile attack the previous day. Oil prices were slightly higher after climbing more than 3% earlier on Wednesday as Israel and the United States vowed retribution over Iran’s biggest ever direct attack on its regional adversary, firing more than 180 ballistic missiles. Iran had said early on Wednesday its missile attack on Israel was finished barring further provocation. The…

Dogecoin (DOGE), the OG meme cryptocurrency, paved the way for the arrival of an array of meme coins. Despite this, DOGE has continued to hold a stronghold in the market. The asset is now the largest meme coin, with a market cap of $15.59 billion. The asset has bulls backing it to continue its surge into October, with Q4 bringing huge gains.Several key technical indicators are pushing experts to consider DOGE’s future bullish. Market watcher Ali Martinez recently highlighted a key factor that can push DOGE up toward a doubling-price rally. Dogecoin’s weekly chart shows that the Moving Average Convergence…

LVMH and the organizers of the Formula One races have signed a major sponsorship deal potentially worth $1 billion, with the French luxury goods group taking over from Rolex. LVMH Moët Hennessy Louis Vuitton SE will start sponsoring races from 2025, with brands including Louis Vuitton, Moët Hennessy and TAG Heuer all involved, according to a statement Wednesday. The deal confirms a report last month by Bloomberg News of an imminent deal between both parties. The 10-year tie-up could be worth more than $1 billion with annual sponsorship fees topping $100 million, people familiar with the negotiations previously told Bloomberg News. The…

Keeping cruise ships clean is a massive effort.While most passengers don’t intentionally make a mess, every interaction between a person and a surface requires cleaning. That’s always been the case but it became more evident, and urgent, during the Covid pandemic.Now, when a passenger gets up from a table in the buffet, at the coffee shop or elsewhere on the ship, a crew member quickly cleans that spot for the next person. It’s a labor-intensive process designed to kill germs and stop illness from spreading.Related: Royal Caribbean asks passengers, travel agents to make big changeYou may not notice it, but…

A cross-chain protocol’s altcoin is soaring after Korea’s biggest crypto exchange announced support for trading. Messaging protocol Wormhole (W) shot up from a 24-hour low of $0.28 to a current value of $0.37, a more than 32% increase after crypto exchange Upbit announced support on the Solana (SOL) network. With a market cap of $959.7 million, Wormhole is now the 82nd largest crypto project. Wormhole aims to facilitate an efficient transfer of liquidity and data across various blockchains. Wormhole was launched in 2020 by Jump Crypto with help from the Solana Foundation. Wormhole had an initial focus on bridging Solana…

Nikola (NASDAQ: NKLA) stock hit its 52-week lows on Sept. 26 and had plunged a staggering 82% year to date by yesterday’s market close. Today, shares of the electric vehicle (EV) maker skyrocketed and were up more than 25% as of noon Wednesday after the company reported record sales for the third quarter. The emphasis on “record” is important here, as you will soon understand.Nikola is finally selling more trucksNikola delivered 88 heavy-duty Class 8 hydrogen fuel-cell trucks to its dealers in Q3. It was the highest-ever third-quarter sales for the company. Deliveries also rose sequentially from 72 fuel-cell trucks…

Investing.com — earnings growth for Q3 2024 has once again been revised lower, now standing at just 3.2%, according to Strategas analysts. The continued downward revision is becoming a growing concern for equities, as the market depends on earnings growth to push towards new all-time highs, said the firm. “While it’s not unusual to see downward revisions heading into a reporting season, it’s becoming a bigger concern for equities considering the need for growth in order for the market to continue to make new all time highs,” wrote the firm. While it is typical for estimates to be lowered ahead…