November 8, 20240 Comments

Trump prepares withdrawing from Paris climate agreement, NYT reports By Reuters

(Reuters) – U.S. President-elect Donald Trump’s transition team has prepared executive orders and proclamations on withdrawing from the Paris climate agreement and shrinking the size of some national monuments to allow more drilling and mining, the New York Times (NYSE:) reported on Friday. Trump is also expected to end a pause on permitting new export terminals, and revoke a waiver that allows California and other states to have tighter pollution

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November 8, 20240 Comments

American Airlines loses US appeal of ruling barring JetBlue alliance By Reuters

By Nate Raymond (NS:) and David Shepardson (Reuters) -A U.S. appeals court on Friday held that a trial judge correctly found that American Airlines (NASDAQ:)’ now-scrapped U.S. Northeast partnership with JetBlue Airways (NASDAQ:) violated federal antitrust law. Siding with the U.S. Department of Justice, the Boston-based 1st U.S. Circuit Court of Appeals affirmed a trial judge’s ruling blocking the airlines’ “Northeast Alliance,” which had allowed the two carriers to coordinate

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November 8, 20240 Comments

Bitcoin (BTC) Price Tops $77K Record as Muted Funding Rates Suggest Crypto Rally Has More Room to Run

While crypto assets booked double-digit gains during this week, with BTC sitting at record highs, funding rates for perpetual swaps on crypto exchanges are much closer to neutral levels than the market top in early March, CoinGlass data shows. Funding rate refers to the amount long traders pay shorts to take the opposite side of a trade. When funding rates are negative, shorts pay the fee to longs, as this

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November 8, 20240 Comments

VanEck CEO Provides A ‘Reasonable’ Target For Bitcoin Based On Gold

In a recent interview with CNBC, VanEck CEO, Jan Van Eck, said that Bitcoin could reach $300,000. This estimate, according to Van Eck, rests on the assumption that the crypto could eventually achieve a market cap equal to half of all the gold currently in circulation. He described this projection as a “reasonable, base assumption,” reflecting a balanced view rather than an overly optimistic stance. In making the forecast, Van

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November 8, 20240 Comments

This Week In The Market

Donald Trump‘s election as the 47th president of the United States sent Wall Street into a frenzy, driving major stock indexes to once again break record highs. Investors are betting that Trump’s potential policies — such as lower corporate and individual taxes, coupled with deregulation in the financial sector — will spur growth for corporate America. They may be underestimating the impact of higher deficits and tariffs on inflation. Among

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November 8, 20240 Comments

Black business leaders consider how to approach a Trump administration

Black business leaders are trying to figure out why Vice President Kamala Harris lost the presidential race, and how to approach the coming administration of President-elect Donald Trump. “It certainly means change. That’s what the voters wanted, and that’s what they thought President Trump represents,” said Charles Phillips, co-chair of the Black Economic Alliance and co-founder of Recognize. “What contributed to Trump’s win is people are tired of the cultural

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November 8, 20240 Comments

Philadelphia Phillies raise capital at $3 billion valuation

Philadelphia Phillies managing partner and principal owner John Middleton signs autographs prior to the 2024 London Series game between the New York Mets and the Philadelphia Phillies at London Stadium in London on June 9, 2024. Daniel Shirey | Major League Baseball | Getty Images The Philadelphia Phillies recently raised close to $500 million in capital from three new investors in a transaction that values the Major League Baseball team

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November 8, 20240 Comments

Justin Trudeau should resist playing Captain Canada with Trump

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the

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November 8, 20240 Comments

What to know about Apple’s AI features and who is eligible for them

What to know about Apple’s AI features and who is eligible for them – CBS News Watch CBS News Apple is gradually rolling out its new AI features it announced over the summer, including for email, Siri and an image tool. However, users will need an iPhone 15 pro or above to access the features. The company has struggled recently with iPhone sales and it’s hoping the new tools entice

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November 8, 20240 Comments

U.S. governors pledge to press ahead on climate after Trump win By Reuters

By Timothy Gardner WASHINGTON (Reuters) – Democratic governors of two U.S. states pledged on Friday to keep building programs on renewable energy and curbing climate change after President-elect Donald Trump’s victory this week. WHY IT’S IMPORTANT The comments are a first indication that the Democratic governors are planning to push ahead and fight on climate change. Trump, a Republican, has said he may repeal subsidies for electric vehicles, a core

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