Author: Anthony M. Orbison

Este artículo también está disponible en español. Solana (SOL) broke above a key resistance level on Friday, fueling the bullish sentiment that reignited over a week ago. As a result, some analysts think the fifth-largest cryptocurrency by market capitalization could be about to see a massive bull run as “Uptober” approaches. Related Reading Solana Retests $160 Resistance Solana’s rally started last week following the market surge driven by the US Federal Reserve’s rate cuts. The jump pushed the cryptocurrency’s price above the $140 resistance level, successfully turning it into support. SOL had failed to break above this key level throughout…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israel’s military said on Saturday morning that it had killed Hizbollah’s leader Hassan Nasrallah in a massive strike on Beirut, in the latest in a string of devastating blows to the Lebanese militant group.“Hassan Nasrallah . . . was eliminated by the Israel Defense Forces, together with Ali Karki, the commander of Hizbollah’s southern front, and additional Hizbollah commanders,” the Israeli military announced.The strike capped a dramatic escalation by Israel in recent weeks, which has taken a heavy toll on Hizbollah’s capabilities and stoked fears that…

Investing.com — The time may have come for investors to make key decisions about their cash alternative allocations and fixed income positions as the Federal Reserve embarks on a campaign of policy easing, according to analysts at Wells Fargo. In a note to clients, the analysts said carrying cash has provided investors with a steady stream of interest while avoiding fluctuations in the bond market since the Fed began raising interest rates to more than two-decade highs in 2022. Cash investments may come with lower levels of risks, albeit for normally lower returns. However, they flagged two risks around continuing…

Maximizing Bitcoin Gains with ETF DataSince the introduction of Bitcoin Exchange Traded Funds (ETFs) in early 2024, Bitcoin has reached new all-time highs, with multiple months of double-digit gains. However, as impressive as this performance is, there’s a way to significantly outperform Bitcoin’s returns by utilizing ETF data to guide your trading decisions.Bitcoin ETFs and Their InfluenceBitcoin ETFs, launched in January 2024, have quickly amassed large amounts of Bitcoin. These ETFs, tracked by various funds, allow institutional and retail investors to gain exposure to Bitcoin without directly owning it. These ETFs have accumulated billions of USD worth of BTC, and…

Authorities charged Robert Westbrook on Friday with multiple counts of fraud after evidence showed he allegedly hacked the emails of senior executives from at least five U.S.-based companies and read their inboxes. Westbrook, 39, is accused of then trading ahead of the companies’ earnings results, reaping millions in illicit profits. According to a U.S. district court indictment and a concurrent complaint filed by the Securities and Exchange Commission, the hack-to-trade scheme followed a similar pattern at each of the five targets he chose. The London-based executive—who claimed to have attended the University of Oxford—would first reset a senior executive’s computer…

Transcript:Conway Gittens: I’m Conway Gittens reporting in New York. Here’s what we’re watching on TheStreet today.A tame inflation report bolstered Wall Street’s view that this economy is set up for more interest rate cuts.Investors will get fresh clues on the economy in the coming week with the release of the all-important monthly jobs report. Federal Reserve Chairman Jerome Powell might provide some insight in a speech. And, there will be monthly updates on the factory and services sector. Meanwhile, on the corporate front, Nike posts its first quarterly results since announcing a new CEO.Watch ICYMI This Week:Three Mile Island is reopening…

In what is a testament to the power of the leading crypto, Michael Saylor’s MicroStrategy is nearing $7 billion in profit, driven by its continued Bitcoin investment. Indeed, the firm has embraced a BTC acquisition strategy. Subsequently, the asset’s continued growth has driven the company’s value upward in 2024.Saylor has remained one of the asset’s most outspoken advocates. The firm most recently purchased another $489 million worth of Bitcoin just a week ago. Moreover, that brings the company’s total BTC holdings to a value above $10 billion, with its strategy paying off massively this year.Source: BloombergAlso Read: Michael Saylor’s MicroStrategy…

Spencer Platt/Getty ImagesUS stocks were mixed Friday, with the Dow closing at a record high while the S&P 500 and Nasdaq edged lower.All three major averages achieved a three-week win streak as investors cheer a resilient economy and cooling inflation.Investors await key jobs data next week, including the September jobs report on Friday morning.US stocks were mixed on Friday, with the Dow Jones closing at a new all-time high while the Nasdaq 100 and S&P 500 traded lower.Despite Friday’s mixed trading, all three major averages notched a three-week win streak as investors continue to bid up stocks on a resilient…

By Rich McKay, Joseph Ax and Andrew Hay ATLANTA (Reuters) – Authorities across a wide swath of the southeastern United States faced the daunting task on Saturday of cleaning up from Hurricane Helene, one of the most powerful to hit the country, as the death toll continued to rise. At least 43 deaths were reported by late on Friday, and officials feared still more bodies would be discovered across several states. Helene, downgraded late on Friday to a post-tropical cyclone, continued to produce heavy rains across several states, sparking life-threatening flooding that threatened to create dam failures that could inundate…

. Indonesian cryptocurrency exchange Indodax recently suffered a significant security breach, resulting in the loss of approximately $22 million in digital assets. The hack, which occurred on September 11, is a stark reminder of the vulnerabilities crypto exchanges face, especially with rising cybercrime targeting these platforms. This incident comes as Indonesia prepares for new regulatory measures in its growing crypto and financial sectors. The breach targeted Indodax’s hot wallets, which are used for daily transactions and are more susceptible to cyberattacks due to their online nature. Blockchain analytics firm SlowMist revealed that the stolen assets were quickly converted into cryptocurrencies…