Author: Anthony M. Orbison

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sir Keir Starmer will warn that difficult times lie ahead for the UK as he tries to tackle an array of deep-seated challenges facing his government, but will insist that tough decisions taken now will lead to “national renewal”. He will say on Tuesday there are “no easy answers” and “no false hope” as he issues a stern message in his first speech as UK prime minister to the annual Labour party conference in Liverpool. Starmer will describe a country in which there are…

(Reuters) -The U.S. Department of Justice plans to file a lawsuit against Visa (NYSE:), the world’s largest payments network operator, alleging that the company illegally monopolized the country’s debit card market, Bloomberg News reported on Monday. The antitrust division is set to sue Visa in federal court as early as Tuesday, accusing it of various anticompetitive behaviors, the report said, citing unnamed sources. The Justice Department is preparing to accuse Visa of taking measures to prevent competitors from challenging its dominance in the debit card market, according to the report. Visa and the DOJ did not immediately respond to Reuters’…

A closely followed crypto analyst says that a clear bull pattern is forming for one artificial intelligence (AI)-focused altcoin while updating his outlook on three other tokens. Pseudonymous crypto trader Altcoin Sherpa tells his 223,300 followers on the social media platform X that a “clear bull trend” is underway for machine learning protocol Bittensor (TAO). The trader shares a chart suggesting that TAO has broken out of its multi-month accumulation range. “TAO never dropped to the range low. Expansion and clear bull trend now IMO (in my opinion), dips are for buying.” Source: Altcoin Sherpa/X TAO is trading for $488.88…

Mastering the Art of Currency Trading: Tips and Tricks for Success Currency trading, also known as foreign exchange trading or FX trading, is a high-stakes game that requires a deep understanding of the markets, a keen eye for opportunity, and a steady hand. For those who are willing to put in the time and effort, the rewards can be substantial. In this article, we’ll share some tips and tricks for mastering the art of currency trading and achieving success in this fast-paced and unpredictable market. Understand the Basics Before diving into the world of currency trading, it’s essential to have…

The US Justice Department plans to allege that Visa Inc. illegally monopolized the US debit card market, according to people familiar with the matter. The antitrust division is set to file a lawsuit as soon as Tuesday accusing the operator of the largest US payments network of a range of anticompetitive conduct, said the people, who asked not to be identified discussing the case. The government is expected to file the case in federal court. Antitrust enforcers are preparing to accuse Visa of taking steps to keep rivals from challenging its dominance in the debit card market, said the people.…

The biotech sector represents companies that use biological processes to develop new medicines and treatments. These firms range from small startups to large pharmaceutical giants. Biotech stocks are shares in these innovative companies that trade on public exchanges. The sector is known for its potential to revolutionize healthcare and generate significant returns. However, it’s also associated with high risk due to the complex nature of drug development. Investing in biotech stocks can offer exciting opportunities. A successful drug can lead to substantial profits and long-term revenue streams. Biotech companies often become acquisition targets for larger pharmaceutical firms, potentially boosting stock…

On-chain data shows increased selloff from Ethereum whales over the past week. But the asset’s price remained bullish. According to data provided by IntoTheBlock, net flows for large holders of Ethereum (ETH) decreased from 85,650 ETH in inflows on Sept. 19 to 6,420 in outflows on Sept. 23.  ETH large holders net flows, Sept. 23 | Source: IntoTheBlock The indicator shows a strong sell-off from Ethereum whales as the price recovered from $2,300 to $2,400 on Sept. 19. At this point, the bullish momentum around the ETH price has mostly come from retail traders rather than large holders. Data from…

How to Use Mean Reversion to Trade the Forex Market Mean reversion is a popular trading strategy that is based on the idea that asset prices tend to revert to their historical means over time. In other words, when an asset price deviates significantly from its historical average, it is likely to return to its mean value. This strategy is particularly effective in the forex market, where prices can fluctuate rapidly in response to changes in interest rates, economic indicators, and global events. In this article, we will explore the concept of mean reversion and provide a step-by-step guide on…

(Bloomberg) — Oil fell on a weak outlook for fuel demand and the potential for the conflict between Iran and Israel to de-escalate after its recent flare-up.Most Read from BloombergWest Texas Intermediate slipped almost 1% to settle below $71 a barrel while Brent retreated to settle below $74 a barrel. WTI had gained 4.8% last week in its biggest weekly jump since February.After days of Israel and Iran-backed Hezbollah trading rocket fire, Iranian President Masoud Pezeshkian said on Monday that his country is prepared to de-escalate tensions as long as it sees the same level of commitment on the other…

While it isn’t unheard of for cruises to be cancelled due to needing unplanned repairs, it is far more common on older ships. It’s quite rare for a newer ship to experience mechanical issues severe enough that an entire sailing gets abruptly cancelled. But that’s exactly what just happened. Royal Caribbean’s massive Icon of the Seas is not only the largest cruise ship in the world, capable of carrying more than 10,000 passengers and crew at full occupancy, it is also one of the newest, having completed its maiden voyage in January of this year. Related: See the crew areas…