Author: Anthony M. Orbison

US stock futures hit pause on Wednesday after Wall Street markets hit all-time highs, as investors looked to upcoming data for clues to the health of the economy and the chances of another jumbo rate cut.Futures on the S&P 500 (ES=F) and Dow Jones Industrial Average (YM=F) were little changed on the heels of record closes for both. Contracts on the tech-heavy Nasdaq 100 (NQ=F) fell roughly 0.3%.The modest rally in stocks is stalling as concerns about recession heat up, fanned by a surprisingly weak reading on consumer confidence. The debate centers on whether the Federal Reserve lowered rates by…

Tesla shares edged lower in early Wednesday trading, after closing at the highest levels in more than two months, while a top Wall Street analyst issued on a bullish forecast for the group’s third quarter delivery figures.Tesla  (TSLA) , which will publish its third quarter delivery figures early next week and follow-up with a detailed earnings report later in the month,  has climbed firmly higher over the past six months, but is still down from early July levels following the delay of its summer robotaxi event.The unveiling, which has been rescheduled for Oct. 10 in Los Angeles, represents a key…

Brink, a non-profit focused on funding open source Bitcoin development published its annual report detailing over $1 million in donations to Bitcoin developers in 2023. It was founded in 2020 by renowned Bitcoin developers John Newbery and Mike Schmidt, aims to provide financial support and mentorship to promising developers working on open-source Bitcoin development.In the report published on its 4th anniversary, Brink disclosed it received approximately $2.4 million in donations last year from over 500 contributors, with Jack Dorsey’s StartSmall initiative as a major donor.Brink’s expenses totalled around $1.6 million in 2023. Over $1.2 million went directly to developer salaries and grants,…

Market Analysis and News: Staying Ahead of the Game in the Financial Markets The financial markets are constantly in motion, with prices fluctuating rapidly in response to a wide range of factors. To stay ahead of the game and make informed investment decisions, it’s essential to stay up-to-date with the latest market analysis and news. In this article, we’ll explore the importance of market analysis and news, and provide tips on how to incorporate them into your investment strategy. What is Market Analysis? Market analysis is the process of examining and interpreting market data to identify trends, patterns, and relationships.…

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,…