The Solana Beach City Council reviewed two alternatives for upgrades to La Colonia Park, emphasizing community input to preserve cultural landmarks like the Tree of Life tiles. While support leaned towards Alternative 2, which offers more parking and space, concerns were raised about potential impacts on the neighborhood’s heritage. Council members stressed the importance of further community engagement before finalizing plans.
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New York Stock Exchange to Close January 9 for Jimmy Carter Mourning
The New York Stock Exchange will close all markets on January 9, 2025, to honor former President Jimmy Carter, who passed away on December 29, 2024, at the age of 100. This closure coincides with the National Day of Mourning, recognizing Carter’s significant contributions to public service and humanitarian efforts. The U.S. flag at the NYSE will fly at half-staff during this period.
read moreStock Market Decline Amid Rising Crude Oil and Gas Prices
The Dow dropped over 250 points as stocks were impacted by a decline in the Magnificent Seven. In commodities, West Texas Intermediate crude for February rose by 59 cents to $70.21 a barrel, while January gasoline increased to $1.958 a gallon and natural gas gained 3.4% to $3.840 per million British thermal units.
read moreEconomic Warning Signs Amidst Rising Housing Supply and Stock Market Concerns
The economy shows warning signs reminiscent of 2007, with new home supply at its highest since then and a frozen housing market due to high mortgage costs. While consumer sentiment is low and jobless claims rise, the labor market remains relatively healthy, raising concerns about potential recession risks. Inflation persists, complicating the post-COVID recovery and leaving many to question the stability of current economic conditions.
read moreAudius Partners with ICE to Expand Music Royalty Access for Artists
Audius has partnered with the International Copyright Enterprise (ICE) to enable over 330,000 music rights owners to earn royalties across a broader territory, including sub-Saharan Africa and the Asia Pacific. This multi-territory licensing agreement aims to empower creators through emerging technology, fostering a transparent and artist-centric music economy. The collaboration reflects a commitment to enhancing revenue opportunities for artists while simplifying licensing and ensuring accurate royalty distribution in a decentralized ecosystem.
read moreTrump Media Files Trademark for Crypto Payment Firm TruthFi
Trump Media & Technology Group has filed a trademark application for “TRUTHFI,” indicating plans to enter the crypto payments sector. The application includes services like crypto wallet software and payment processing. Additionally, the company is reportedly in advanced talks to acquire Bakkt, a crypto trading firm, while also promoting its DeFi project, World Liberty Financial.
read moreTrump Media Explores Cryptocurrency Trading and Payment Services with TruthFi Trademark
Trump Media has filed a trademark for “TruthFi,” indicating plans for a cryptocurrency trading and payment service, including digital wallets and asset trading. The company is reportedly in advanced talks to acquire crypto exchange Bakkt, furthering its ambitions in the crypto space. Despite challenges, the crypto market has seen significant growth following Trump’s election win.
read moreTrump Media Group in Talks to Acquire Crypto Exchange Bakkt
Donald Trump’s Media and Technology Group is reportedly in advanced talks to acquire the crypto trading exchange Bakkt in an all-stock deal. The Trump Media & Technology Group, which operates Truth Social, has a market cap of $7.12 billion, while Bakkt is valued at approximately $402 million. Bakkt’s struggling crypto custody business is expected to be excluded from the acquisition discussions.
read moreMarket Reactions and Investment Insights Following the U S Presidential Debate
Market opinions and investment strategies are subject to change without notice and should not be considered as formal research. Investors must assess their own needs and consult advisors before making decisions, as past performance does not guarantee future results. Risks associated with equity and fixed income investments, including volatility and credit risk, should be carefully evaluated.
read moreStock Market Declines Amid Labor Market Weakness and Economic Uncertainty
U.S. stock markets faced losses, with the Dow down 150 points and Nasdaq off 1%, amid signs of labor-market weakness as hiring stalls. Home-furnishings companies report challenges due to economic uncertainty, while the 2-year Treasury rate reached 4.01% following robust business activity growth. Central bankers gathered in Jackson Hole, with attention on Powell’s upcoming speech.
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