Author: Anthony M. Orbison

By Jody Godoy (Reuters) – The U.S. Department of Justice sued Visa (NYSE:) for alleged antitrust violations on Tuesday, accusing one of the world’s largest payment networks of suppressing competition by threatening merchants with high fees and paying off potential rivals. Visa processes more than 60% of debit transactions in the U.S., bringing it $7 billion each year in fees collected when transactions are routed over its network, the Justice Department said. The company protects that dominance through agreements with card issuers, merchants, and competitors, prosecutors allege. The bid to tackle the fees, sometimes known as swipe fees or interchange…

Today, the Human Rights Foundation (HRF) announced its most recent round of Bitcoin Development Fund grants, according to a press release sent to Bitcoin Magazine. 10 BTC, currently worth $590,000 at the time of writing, is being granted across 20 different projects around the world focusing on technical education for people living under authoritarian regimes, Bitcoin development conferences, decentralizing mining, and providing human rights groups with more private financial solutions. The main areas of focus for these grants center around Latin America, Asia, and Africa.While the HRF did not disclose how much money each project is receiving specifically, the following 20 projects…

The Importance of Risk Management in Trading: A Guide Risk management is a crucial aspect of trading that is often overlooked or underestimated by many traders, especially beginners. While a good trading strategy and strong market analysis are essential components of successful trading, managing risk is equally important in order to minimize potential losses and maximize gains. In this article, we will explore the importance of risk management in trading and provide a comprehensive guide on how to implement effective risk management strategies. Why is Risk Management Important? Risk management is important in trading because it helps you to: Minimize…

This commentary is from McKinsey & Company, a partner of Fortune Global Forum. Rodney Zemmel is a senior partner.Listen in to any corporate conference call, whether the company is in retail or telecoms or finance, and there’s a good chance you will hear: “We need to be a tech company.” But what does that mean? For a start, here is what it does not mean. Just as money cannot buy happiness, it cannot turn a company into a tech-savvy star. Investment is necessary but far from sufficient: Not all tech initiatives pay off. Nor does being an early adopter mean…

The NFL is a lucrative business, and popular apparel brand Chubbies saw an opportunity to join in by tapping a tight end to reverse declining sales.This year has been tough for some retail companies, especially those focused on the fashion sector, causing their sales to fall and even plummet due to customers’ more conscious spending amid an uncertain economy.Related: Retail sales grow, but one issue poses major economic threatSolo Brands  (DTC) , the parent company of Chubbies, was forced to lower its full-year guidance for 2024 after its Q1 earnings reports showed declines in multiple key categories, and outcomes were…

Company Name: LNbitsFounders: Ben ArcDate Founded: Project: 2019 | Company: 2022Location of Headquarters: Fully remote (most developers based in Europe)Amount of Bitcoin Held in Treasury: N/ANumber of Employees: 6 (+ “a couple dozen other developers”)Website: https://lnbits.com/Public or Private? PrivateFive years ago, Ben Arc first had the vision for LNbits — free and open-source software that works with any Lightning Network funding source and offers a suite of extensions for both personal and business use cases.The vision for the project came to him in what he describes as a flash of inspiration.“Christian Russo, the developer of the RaspiBlitz, had come down…

How to Analyze and Read Forex Charts: A Step-by-Step Guide Forex charts are a crucial tool for traders, providing valuable insights into market trends, patterns, and fluctuations. By learning to analyze and read forex charts, traders can make more informed decisions, identify profitable trading opportunities, and manage risk more effectively. In this article, we will provide a step-by-step guide on how to analyze and read forex charts. Step 1: Understand the Basics of Forex Charts Before diving into chart analysis, it’s essential to understand the basics of forex charts. Forex charts display the price movements of a currency pair over…

Many of the market indexes may be hitting fresh highs, but the same can’t be said of many actual stocks. Shares of Pinterest (NYSE: PINS) and GitLab (NASDAQ: GTLB) are trading more than 30% off their 52-week highs. PayPal (NASDAQ: PYPL) hit a fresh 52-week high on Monday, but it would still have to quadruple from here to revisit its all-time peak.All three stocks are owned by Cathie Wood’s Ark Invest collection of exchange-traded funds for risk-tolerant growth investors. She added to all three positions on Monday. Let’s take a closer look at Wood’s three latest buys.1. PinterestThere’s good news…

By Pranav Kashyap and Shashwat Chauhan (Reuters) – European shares ended higher on Tuesday, with China-exposed firms such as luxury giants and automakers at the helm of gains after China’s central bank unveiled broad stimulus measures to aid its ailing economy. The pan-European index closed 0.7% higher. The stand out regional performer with a 1.3% jump was France, which is home to a host of luxury brands. China’s central bank announced broad monetary stimulus and property market support measures to revive an economy grappling with strong deflationary pressures and in danger of missing this year’s growth target. “Today’s announcement has…

The ascent of Bitcoin and digital assets has sparked a classic battle, with governments acting as vigilant hawks, trying to control a technology that is as nimble and elusive as a gazelle darting across the savanna of decentralization. In Nigeria, this conflict is as tangled as dense jungle foliage, where regulators strive to enforce their rules on a system meant to evade conventional constraints, while individuals continue to pursue the elusive prize of financial freedom just out of grasp. The Central Bank of Nigeria (CBN) has oscillated between hardline approaches and cautious acceptance, exemplified by its 2021 directive banning banks…