Author: Anthony M. Orbison

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China fired an intercontinental ballistic missile into the Pacific Ocean for the first time in 44 years on Wednesday, a show of force set to fuel concerns in the US and among its neighbours.The test, Beijing’s first major missile launch since twin hypersonic weapons tests in the summer of 2021, comes as the People’s Liberation Army is conducting intensive air and naval drills around the region and ahead of a call between Chinese leader Xi Jinping and US President Joe Biden expected…

By Rajesh Kumar Singh CHICAGO (Reuters) – Southwest Airlines (NYSE:), the pioneering low-cost carrier, is facing a campaign by an activist investor to overhaul a business model it says is outdated, putting pressure on CEO Robert Jordan and leaving the airline scrambling to modernize, analysts say. This comes ahead of an investor day on Thursday, where Jordan is expected to outline a plan to restore the carrier’s long-term profitability – a standard investors came to expect from the airline before the pandemic. The proposed changes include plans to switch to assigned seating and extra-legroom seating – higher-margin offerings that competitors…

MicroStrategy announced it had purchased 18,300 Bitcoin for $1.11 billion, boosting its total holdings to 244,800 BTC acquired for $9.45 billion.BREAKING: MicroStrategy buys an additional 18,300 #Bitcoin for $1.11 billion. pic.twitter.com/qhMg5EOqUF— Bitcoin Magazine (@BitcoinMagazine) September 13, 2024 The business intelligence firm, led by Bitcoin bull Michael Saylor, has been steadily accumulating Bitcoin as part of its corporate strategy since 2020. MicroStrategy’s latest billion-dollar purchase was conducted at an average price of $60,408 per Bitcoin.According to Saylor, the company has achieved a 17% Bitcoin yield year-to-date, capitalizing on BTC’s appreciation as it continues borrowing fiat at low interest rates to expand…

The Risks and Rewards of Forex Trading: What You Need to Know Forex trading, also known as foreign exchange trading or FX trading, is the exchange of one country’s currency for another country’s currency on the foreign exchange market. With the ability to trade on margin, forex trading has become increasingly popular among investors and traders worldwide. However, like any form of trading, it is essential to understand the risks and rewards involved in order to make informed decisions and avoid potential losses. Rewards of Forex Trading The rewards of forex trading are numerous and enticing. For those who are…

British property website Rightmove said Wednesday it had rejected a third “unsolicited” proposal, worth £6.1 billion (US$8.2 billion), from REA Group, the Australian peer majority-owned by Rupert Murdoch’s News Corp empire. “The board… concluded that the increased proposal continues to be unattractive and materially undervalues the company and its future prospects,” Rightmove said in a statement two days after news of the latest non-binding bid. REA, which first made public its interest on September 2, has noted “clear similarities” between the pair “in terms of their leading market positions in the core residential business”. Under British takeover rules, REA has…

AI needs more than just graphics-processing units: It needs power. A ChatGPT query can consume nearly 10 times more electricity than a Google search.While U.S. power demand has remained relatively flat over the past decade, that trend is about to shift. According to a Goldman Sachs report in May, overall power demand in data centers is projected to surge by 160% by 2030.Microsoft needs that massive amount of energy, fed not just by wind, solar and fossil fuels. It has agreed to purchase nuclear power from Constellation Energy  (CEG)  for 20 years, the first time Microsoft has secured a dedicated,…

Bitcoin’s recent price movements have caused concern among investors about what might come next. However, by looking at key indicators such as the 200-week moving average, Pi Cycle Top Indicator, and the Golden Ratio Multiplier, we can gain insights into potential support and resistance levels for Bitcoin.Leaning Bearish?In recent weeks, Bitcoin’s price has fluctuated, dipping as low as $53,000 before stabilizing in the middle of our newly formed $50,000 to $60,000 range. If this bearish price action is to continue and price breaks to lower lows the 200-week moving average heatmap (blue line), a historically critical support level, is currently…

How to Manage Risk in Forex Trading: A Beginner’s Guide As a beginner in the world of forex trading, it’s essential to understand the importance of risk management. Forex trading involves significant risk, and without proper risk management, even the most skilled traders can experience substantial losses. In this article, we’ll provide a comprehensive guide on how to manage risk in forex trading, helping you to navigate the market with confidence and minimize potential losses. Understanding Risk in Forex Trading Risk in forex trading arises from the fact that the value of currencies can fluctuate rapidly and unpredictably. When you…

(Bloomberg) — US stock futures ticked lower after the S&P 500 finished with its 41st record close this year. Treasuries and the dollar steadied.Most Read from BloombergContracts on the S&P 500 pointed to a drop of 0.3% for the underlying index, while Europe’s Stoxx 600 gauge edged lower. SAP SE tumbled on news the German software developer and other companies are being probed by US officials for potentially conspiring to overcharge government agencies over the course of a decade.Traders are looking for fresh catalysts after last week’s half-point Federal Reserve interest-rate cut spurred risk appetite. The latest policy moves from…

Investing.com — Long-only managers increased their exposure this past week, with the largest additions in tech, industrials, and financials, Citi said in a Tuesday report. On the other hand, they reduced their holdings in energy, health care, and real estate. “Energy is the only sector to have seen outflows from long-only managers over the last 2 months, while financials, tech, and consumer discretionary have seen the most inflows,” Citi strategists said. Meanwhile, hedge fund flows remained skewed towards selling during the week, with only a few sectors seeing net inflows. Specifically, hedge funds increased their exposure to financials, health care,…