Having a pro-crypto government means stablecoins could finally take off in 2025, and it could be a boon not just to the industry, but also to the U.S. dollar. The market cap for U.S. dollar-backed stablecoins is up more than 50% this year and up about 15% since the election. It could double in the new year if Congress finally passes a regulatory framework for this sector of crypto, according to Matt Hougan, chief investment officer at Bitwise Asset Management. Stablecoins are cryptocurrencies whose prices are pegged to an underlying asset, typically the U.S. dollar. They are used for trading…
Author: usaeverydaylife
Warren Buffett, who has long favored holding massive amounts of cash, is headed into 2025 with a particularly gigantic war chest at Berkshire Hathaway — in fact the largest cash hoard in 34 years. The Omaha-based conglomerate’s cash level stands at $325 billion — a record high in absolute terms — and now accounts for about 30% of Berkshire’s total assets, the highest percentage since 1990, according to data from Oppenheimer. Buffett first took control of Berkshire, originally a clothing manufacturer, in 1965 and went on to transform it into a one-of-a-kind conglomerate. Why is the 94-year-old legendary investor holding…
A Walmart Supercenter during Walmart’s multiweek Annual Deals Shopping Event in Burbank, California, on Nov. 21, 2024.Allen J. Schaben | Los Angeles Times | Getty ImagesInvestors can benefit by creating a diversified portfolio of growth and dividend stocks, enhancing their overall returns through capital appreciation and regular income.With the Federal Reserve slashing interest rates by another 25 basis points, several investors are looking for lucrative dividend picks as the attractiveness of these stocks increases in a lower interest rate environment. To this end, investors can track the recommendations of top Wall Street analysts to select reliable dividend stocks with solid…
Two weeks before Black Friday, Amazon quietly added a new section to the top of its mobile app. Called Haul, it’s a mobile-only area for ultra-low-price items, primarily shipped directly from China. Haul is Amazon’s answer to the booming popularity of apps such as PDD Holdings’ Temu and fast-fashion retailer Shein. Amazon told CNBC that Haul has had millions of unique customer visits since it launched in November. Like Temu, Haul offers items at bargain prices, such as sneakers for $9.98, kitchenware for $5.99 and phone cases for $2.99. Unlike Temu, Haul caps the price of each offering at $20. It offers…
Qatar’s Energy Minister and CEO of QatarEnergy Saad Sherida Al Kaabi speaks at a press conference in Doha on Sept. 1, 2024.Karim Jaafar | Afp | Getty ImagesQatar will stop shipping gas to the EU if member states strictly enforce a new law cracking down on forced labour and environmental damage, Energy Minister Saad al-Kaabi told the Financial Times in an interview published on Sunday.The Corporate Sustainability Due Diligence Directive, approved this year, requires larger companies operating in the European Union to check whether their supply chains use forced labour or cause environmental damage and to take action if they…
Police vans and ambulances stand next to the annual Christmas market in the city center following a possible terror incident on December 20, 2024 in Magdeburg, Germany.Craig Stennett | Getty Images News | Getty ImagesTaleb al-Abdulmohsen, a 50-year-old Saudi Arabian doctor accused of killing four women and a nine-year-old boy by driving into a Christmas market in Magdeburg, Germany, has been remanded into custody.His appearance before a judge on Saturday evening comes as details emerge about the attack and his possible motivations.German privacy laws prevent authorities from releasing the suspect’s full name, though they confirmed that his first name was Taleb. Two senior U.S.…
A cargo ship leaves the Panama Canal in Panama City on June 17, 2024.Martin Bernetti | APF | Getty ImagesPresident-elect Donald Trump on Saturday accused Panama of charging excessive rates for use of the Panama Canal and said that if Panama did not manage the canal in an acceptable fashion, he would demand the U.S. ally hand it over.In an evening post on Truth Social, Trump also warned he would not let the canal fall into the “wrong hands,” and he seemed to warn of potential Chinese influence on the passage, writing the canal should not be managed by China.The…
“What Jimmy really loved to do? What he really loved to do was steal. I mean, he actually enjoyed it. Jimmy was the kind of guy who rooted for the bad guy in the movies.” — Ray Liotta as Henry HillThat’s a quote from “Goodfellas,” which premiered in September 1990, when the Oakland A’s were reigning champions and Rickey Henderson was the most electrifying player in baseball. That was his best season, too, and at the start of the next one, he broke Lou Brock’s career record for stolen bases.Henderson yanked the base from the Coliseum dirt and raised it to…
SOUTH BEND, Ind. — Before Marcus Freeman could savor what Notre Dame football had just done, he was forced to look ahead to where the Irish were headed.It was an only-in-college-football moment, where the head coach of a blue-blood program is presented a game ball by two bowl officials who had nothing to do with Notre Dame’s 27-17 victory over Indiana in the first on-campus game of the College Football Playoff era. Freeman obliged, accepting an invitation from two Sugar Bowl officials, which probably could have waited until Notre Dame had processed its performance on Friday night. It’s not like…
Oleksandr Usyk defeated Tyson Fury to retain his unified heavyweight world titles with another pulsating points victory in their rematch in Riyadh, Saudi Arabia.Usyk first beat Fury in May to become boxing’s first four-belt heavyweight champion and he again prevailed by finishing 116-112 ahead on all three judges’ scorecards.The win extends Usyk’s professional record to 23 victories with zero defeats and he could now face Daniel Dubois in an attempt to reclaim the IBF title he was stripped of earlier this year.Fury, on the other hand, is left at something of a crossroads and his promoter, Frank Warren, said after…
