This year was a busy one for investors, especially in light of the U.S. presidential election, growing excitement around artificial intelligence and the continued focus on elevated interest rates.While macro conditions are expected to improve in the new year, there are concerns about a possible U.S.-China trade war and lofty...
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If interest rates remain ‘higher for longer,’ the winners are those with cash accounts
Images By Tang Ming Tung | Digitalvision | Getty ImagesMany people, especially those with debt, will be discouraged by the recent Federal Reserve forecast of a slower pace of interest rate cuts than previously forecast.However, others with money in high-yield cash accounts will benefit from a "higher for longer" regime,...
Airlines’ wild 2024: From Boeing troubles to a bankruptcy and a merger
People check-in for their flights at the airport ahead of the Thanksgiving Holiday at Hartsfield-Jackson Atlanta International Airport, in Atlanta, Georgia, U.S., November 27, 2024. Megan Varner | ReutersIt's been another eventful year for U.S. air travel. Just five days into the year, a door panel blew off of a nearly...
Starboard sees an opportunity to create value at Riot Platforms amid growth in hyperscalers
Business: Riot Platforms is a bitcoin mining and digital infrastructure company. It has bitcoin mining operations in central Texas and Kentucky, and electrical switchgear engineering and fabrication operations in Denver. It operates a bitcoin-driven infrastructure platform. Its segments include Bitcoin Mining and Engineering. The Bitcoin Mining segment is engaged in...
Treasury delays deadline for small businesses to file new form to avoid risk of fines for noncompliance
Janet Yellen, U.S. Treasury secretary, on a tour of the Financial Crimes Enforcement Network (FinCEN) in Vienna, Virginia, on Jan. 8, 2024.Valerie Plesch/Bloomberg via Getty ImagesThe U.S. Treasury Department has delayed the deadline for millions of small businesses to Jan. 13, 2025, to file a new form, known as a...