The Fed’s biggest challenge has become the ‘Sasquatch of the financial world’

Listen and subscribe to Stocks in Translation on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Stocks have surged since the election, while bonds are caught in a tug-of-war between bulls and bears, with participants in both markets attempting to divine the path of the US economy under the incoming Trump administration. At … Read more

Whoopi Goldberg’s bakery tiff: What to know

Holtermann’s Bakery owner Jill Holtermann and other supporters defend the bakery after ‘The View’ personality Whoopi Goldberg accuses the business of denying her service over politics. Whoopi Goldberg is making headlines following a viral dispute between the “The View” host and a popular Staten Island bakery. Goldberg claimed that she was refused service at Holtermann’s … Read more

Biden, Xi begin final meeting in Peru as Trump era looms By Reuters

By Trevor Hunnicutt and Jarrett Renshaw LIMA (Reuters) -Joe Biden met Chinese President Xi Jinping for the last time as U.S. president on Saturday, with the leaders’ goal of lowering tensions before Donald Trump’s inauguration challenged by fresh conflicts over cyber crime, trade, Taiwan and Russia. Biden and Xi huddled on the sidelines of the … Read more

Trump’s Truth Social emerges as a meme stock darling

Donald Trump’s lossmaking social media company has become a magnet for fast-moving day traders, vying with Elon Musk’s Tesla and chipmaker Nvidia for their attention as politics moves up the agenda for retail investors. Trump Media & Technology Group, which operates Truth Social, has been among the three most-traded stocks on Interactive Broker’s platform for … Read more

How high will Bitcoin go? Here’s what prediction markets say

Prediction markets had a breakout moment during the presidential election, when they proved to be more accurate than most opinion polls. So with various cryptocurrencies soaring since Donald Trump won the election, maybe prediction markets can accurately answer the question, “How high will Bitcoin go?” On the crypto-based Polymarket, where the so-called French whale netted … Read more

Bengaluru man kills son in fit of rage for mobile addiction and lack of interest in studies, says ‘doesn’t matter if you live or die’

“It doesn’t matter to me if you live or die”—these were the chilling last words a father uttered to his teenage son before tragically taking his life. In a shocking incident in Bengaluru, a man named Ravi Kumar killed his 14-year-old son after a heated argument over the boy’s excessive mobile phone use and poor … Read more

MicroStrategy’s $26 Billion Bitcoin Cache Is Larger Than IBM, Nike Cash Holdings

(Bloomberg) — Michael Saylor’s unorthodox decision to hold Bitcoin instead of cash on MicroStrategy Inc.’s books has vaulted the once obscure software maker into the upper echelon of the wealthiest corporations when it comes to financial assets. Most Read from Bloomberg Listen to the Here’s Why podcast on Apple, Spotify or anywhere you listen. The … Read more

Takata’s deadly airbags have affected over 67 million cars in the most expensive recall in history

Fox Business Briefs: Takata recalls 10 million more airbags and there are fears they may explode due to defective inflators. Takata filed for bankruptcy amid “the largest and most complex safety recall in U.S. history,” according to the National Highway Traffic Safety Administration (NHTSA).  Not only did the recall cost the Japanese automotive parts company … Read more