Author: Anthony M. Orbison

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.A decade ago, after selling Siri to Apple, the creators of the voice-controlled AI assistant had another big idea.With their new company, Viv, they set out to solve a persistent problem for smartphone users: How to accomplish everyday tasks without having to juggle multiple apps. Wouldn’t it be nice if you didn’t have to toggle between separate travel, hotel and map apps when planning a vacation, and could rely instead on a piece of software that integrated them all?Viv never made the…

One of the most critical aspects of financial planning is saving for retirement. Most people utilize employer-sponsored 401(k) and 403(b) plans, and some opt to supplement those plans with Individual Retirement accounts (IRAs).These savings plans are easily accessible but are subject to contribution limits set by the Internal Revenue Service (IRS).Contribution limits are capped to prevent unfair advantages by ensuring that high earners can’t exploit the tax benefits of saving with pre-tax dollars. In 2024, the maximum an individual could contribute to their 401(k) combined with employer match was capped at $69,000, excluding catch-up contributions for workers over 50.💸💰 Don’t…

Bitcoin trading is about to change. Goldman Sachs wants to enter the cryptocurrency market when regulations allow. Major shifts in U.S. cryptocurrency regulations could open new doors. Crypto market volatility and Bitcoin investment risks remain key factors for big banks.Also Read: USDC Alliance: Binance, Coinbase, and Circle Take on TetherGoldman Sachs’ Bitcoin Trading Plans and U.S. Regulatory ImpactSource: Watcher GuruSolomon’s Vision for Digital Asset IntegrationSource: ReutersGoldman Sachs CEO David Solomon spoke about Bitcoin trading at Reuters Next. “Bitcoin remains a speculative asset that has captured public imagination,” Solomon said. Rules currently limit their crypto activities. The bank is ready to…

(Bloomberg) — Michael Saylor’s MicroStrategy Inc. checks all the boxes for inclusion in the Nasdaq 100 Index, a development that would trigger purchases of the shares by the $451 billion worth of exchange-traded funds around the world that directly track the benchmark. Most Read from Bloomberg Yet market watchers are entertaining the possibility it gets snubbed in the index’s annual reshuffling on Friday for one simple reason: MicroStrategy has morphed into a levered bet on Bitcoin attached to a small software company that many say has no business being among the 100 most-important stocks on the Nasdaq. “The idea of…

By Nora Eckert and David Shepardson DETROIT (Reuters) -General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the automaker’s decision to do so was still a disappointing end for an operation that GM had touted as a potential $50 billion revenue generator by 2030. The largest U.S. automaker on Tuesday pulled the plug on Cruise after evaluating the continued investments needed in a competitive space, executives said, adding they intend to fold some of Cruise’s talent into GM to continue development of driver assistance systems. “We consider the news a step in…

XRP profit-taking intensifies in the second week of December as bullish activity cools off. A recap of XRP spot flows and the state of the derivatives segment. Just over a week ago, Ripple’s native coin XRP was enjoying robust bullish momentum. It even achieved a new 8-month high in the first week of December, building on the momentum it achieved in November. XRP has since bulled back from the recent top as traders took some profits off the table. For context, XRP topped out at $2.90 on 3rd December. It has since pulled back to a weekly low (so far)…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.South Korean President Yoon Suk Yeol has defended his failed attempt last week to impose military rule on the country as the leader of his party signals it is preparing to support his impeachment on Saturday.In only his second public appearance since his doomed martial law gambit, Yoon on Thursday morning lashed out at critics, calling them “anti-state forces”, and suggested North Korea had helped leftwing opposition parties secure victory in parliamentary elections.“I will fight to the end to prevent the forces…

If there is one pairing that is proving to be fruitful, it would be the cozy, “first buddy” relationship between President-elect Donald J. Trump and the co-leader of the yet-to-be-established Department of Government Efficiency (DOGE) and Tesla  (TSLA)  CEO Elon Musk.The relationship between the two is already bearing fruit that significantly affects Musk’s interests. Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletterAccording to a report by Bloomberg, first published on the evening of November 17, the Trump transition team members told the financial publication that the upcoming administration plans to make a federal framework for self-driving vehicles a priority for…

The cryptocurrency market was painted red at the time of writing. Several assets recorded a major downfall over the past day, including Ripple’s XRP. While the market is betting on the altcoin pushing past $3, the latest drop came as a massive hurdle. The real question is whether the asset will continue this trend or revamp itself by Christmas.Also Read: Pepe: Trader Turns $3,000 Into $73 MillionLooking Into XRP’s Latest PlummetSourceThe asset dropped by more than 12% over the past 24 hours. XRP went from trading at a high of $2.46 to a low of $2.06. At press time, the…

(Bloomberg) — Adobe Inc. fell in extended trading after giving a disappointing annual sales outlook, underscoring anxieties that the creative software company may lose business to emerging artificial intelligence-based startups. Most Read from Bloomberg Revenue will be about $23.4 billion in the fiscal year ending in November 2025, the company said Wednesday in a statement. Earnings, excluding some items, will be $20.20 a share to $20.50 a share. Analysts, on average, estimated sales of $23.8 billion and adjusted profit of $20.52 a share, according to data compiled by Bloomberg. Adobe, known for its software for creative professionals, has been adding…