Yearly Archives: 2024

Tennessee loses to Ohio State in the College Football Playoffs

Posted on by

Ohio State advanced to a rematch with No. 1 Oregon in the Rose Bowl on New Year’s Day after defeating Tennessee 42-17 in a first-round College Football Playoff game.

Running backs Quinshon Judkins and TreVeyon Henderson each rushed for two touchdowns, while quarterback Will Howard, who threw two touchdown passes to freshman Jeremiah Smith, powered the now 11-2 Buckeyes.

Nico Iamaleava, the quarterback for Tennessee, had a difficult game; he only completed 14 of 31 passes for 104 yards and ran 20 times for 47 yards.

The 473 total yards Ohio State gave up were the most Tennessee had given up all season.

Temperatures in Ohio Stadium dropped to 25 degrees in December, but that didn’t stop the Buckeyes from making a statement with their victory.

They will now focus on their rematch against the Ducks.

In the Rose Bowl matchup with Oregon, who had just defeated Ohio State 32-31 in a thrilling game on October 12, Day also underlined the significance of maintaining the balanced offence.

Howard had his second 300-yard performance of the season, completing 24 of 29 passes for 311 yards.

Smith became the sixth rookie to reach 100 receiving yards in a College Football Playoff game in his first season, catching six receptions for 103 yards.

Ryan Day, the team’s head coach, was happy with the team’s overall performance and commended their aggressive playcalling, especially in comparison to their defeat to Michigan three weeks prior. Day remarked, “We called this game more aggressively… Will was excellent.”

Ohio State dominated Tennessee’s offence with three straight punts and scored on its first three possessions to get out to a quick start.

The Vols (10-3) only added a pointless touchdown late in the game and were mainly unsuccessful after halftime.

However, they did manage to get on the scoreboard with a field goal and a touchdown in the second quarter.

In the College Football Playoff, Ohio State defeats Tennessee 42–17 and advances to the Rose Bowl.

Important Things to Remember After Ohio State’s Win Against Tennessee:

 

Ohio State Gets Ready to Face Oregon Again in the Rose Bowl
The Buckeyes are led by Will Howard with two touchdown passes.
As a freshman, Jeremiah Smith excels with 103 receiving yards.
Judkins Quinshon and Henderson TreVeyon Each Ohio State defence stifles two goals. Offence in Tennessee

ohio state football

ohio state football

Ohio State Dominates Tennessee 42-17 in College Football Playoff: Buckeyes Advance to Rose Bowl

Ohio State shows dominance with an impressive 42-17 win over Tennessee, setting up a rematch with Oregon in the Rose Bowl.

Ohio State demonstrated their supremacy by defeating Tennessee 42–17 in a pivotal College Football Playoff game.

In addition to silencing detractors, the Buckeyes’ outstanding performance earned them a trip to the Rose Bowl for a much-anticipated rematch with No. 1 Oregon.

On a chilly winter night in Ohio Stadium, Ohio State (11-2) came out firing, making it clear who was the superior team.

Ohio State’s victory sets up a rematch with Oregon in the Rose Bowl.

Ohio State is now ready for a Rose Bowl rematch against No. 1 Oregon, who defeated the Buckeyes 32-31 earlier this season, after this decisive victory over Tennessee.

After this impressive performance, Ohio State comes into the game this time feeling more confident.

The Rose Bowl, which will be played on New Year’s Day, currently has Ohio State as a 1.5-point favourite.

In what should be an entertaining College Football Playoff matchup, the Buckeyes will be aiming to exact revenge for their earlier defeat to Oregon.

Their performance against Tennessee demonstrated that they are a legitimate contender for the national crown.

The Road to the National Championship for Ohio State

With their resounding victory over Tennessee, the Buckeyes are once again among the best teams in the country as they prepare for the Rose Bowl.

Ohio State looks prepared to make a serious run for the national championship thanks to a formidable defence and an explosive offence led by Will Howard and Jeremiah Smith.

Ohio State is ready to take on the best teams in the 2024 College Football Playoff, beginning with their rematch with No. 1 Oregon.

The Buckeyes will be a formidable opponent for any team in the playoffs if they can continue to play at their current level.

The Leadership of Ryan Day Under Duress

Additionally, this win aids Ryan Day in regaining his footing as head coach of Ohio State.

Day needed this victory to keep his leadership confidence in the face of mounting criticism from the media and supporters after the Michigan defeat.

Ohio State now has a chance to demonstrate that they belong at the top of college football after his decision to call an aggressive game plan paid off handsomely.

The win for Ohio State also helps to ease some of the criticism directed at Day following the Michigan defeat.

His ability to lead and perform under duress demonstrates that Ohio State is still a championship-caliber team that can contend with the best.

Ohio State defeats Tennessee in a major game thanks to their aggressive play calling.

Ohio State head coach Ryan Day replied to Tennessee fans trying to conquer Ohio Stadium in a sea of orange with a strategy that was both aggressive and successful.

With an incredible effort that placed them ahead 35-10 near the end of the third quarter, the Buckeyes swiftly silenced the trespassing Vols’ supporters.

The stakes were enormous, and Day had been under fire since the Buckeyes’ devastating loss to Michigan.

Ohio State’s tough defence and quick-paced offence ensured that Tennessee had no opportunity of gaining the lead.

The Buckeyes were able to dominate both sides of the ball thanks to Ryan Day’s plan, which minimised errors and made the most of the team’s strength.

Ohio State defeats Tennessee in a major game thanks to their aggressive play calling.

Ohio State head coach Ryan Day replied to Tennessee fans trying to conquer Ohio Stadium in a sea of orange with a strategy that was both aggressive and successful.

With an incredible effort that placed them ahead 35-10 near the end of the third quarter, the Buckeyes swiftly silenced the trespassing Vols’ supporters.

The stakes were enormous, and Day had been under fire since the Buckeyes’ devastating loss to Michigan.

Ohio State’s tough defence and quick-paced offence ensured that Tennessee had no opportunity of gaining the lead.

The Buckeyes were able to dominate both sides of the ball thanks to Ryan Day’s plan, which minimised errors and made the most of the team’s strength.

TreVeyon Henderson and Quinshon Judkins Lead Ohio State’s Ground Game

Quinshon Judkins and TreVeyon Henderson took charge on the ground and ran for two touchdowns each, adding to the passing game.

Judkins added 95 rushing yards to Henderson’s 80 at the end of the game. Because of their combined efforts and Ohio State’s passing attack, the Buckeyes’ offence was unstoppable.

Ohio State’s well-rounded offensive effort made Tennessee’s defence cover every area of the field, which led to the Buckeyes’ overwhelming victory.

The Defence of Ohio State Suppresses The Offence of Tennessee

For a large portion of the game, Tennessee’s offence was restrained by Ohio State’s equally formidable defence.

Tennessee quarterback Nico Iamaleava was harried by the Buckeyes’ defensive line, which kept him from making big downfield plays. Iamaleava only completed 14 of 31 throws for 104 yards because he couldn’t find any rhythm.

Important Spending Bill Approved by US Senate to Prevent Government Shutdown

Posted on by

Early on Saturday morning, the US Senate cleared a crucial spending bill, preventing a government shutdown that would have jeopardised federal services and holiday plans.

Minutes after the midnight deadline, the Senate voted 85-11 to approve the House’s proposal, guaranteeing government financing through mid-March 2025.

Political and Economic Effects

1. Avoided Economic Effects of a Shutdown

Industry insiders had cautioned about the potential costs of a government closure over the holidays

There is now reprieve for more than 800,000 government employees who were in danger of unpaid furloughs.

2. Awaiting the signature of President Biden

President Joe Biden is now anticipated to sign the proposal into law.

By doing this, financing will be guaranteed through March 14, allowing legislators more time to deal with long-term financial issues.

Highlights of the Bill’s Funding

The bill contains important allocations like:

The extension of food assistance programs that are about to expire
These clauses are intended to maintain stability and provide necessary services in the months ahead

Ten billion dollars for farmers

$100 billion for relief efforts

 

Historical Background: Government Closures

During Donald Trump’s first term, the last major government shutdown lasted 35 days, affecting governmental operations and costing billions of dollars.

Market turbulence has also resulted from previous disagreements over the debt ceiling, highlighting how urgent it is to address fiscal challenges in 2024.

The Debt Ceiling: An Imminent Problem

 

To prevent a fiscal disaster, the $36 trillion federal government has to obtain more borrowing authority by the middle of 2024.

.The spending bill does not address the debt ceiling, even while it temporarily fixes funding problems.

federal government shutdown

federal government shutdown

Political Repercussions

Reactions to the spending package have been conflicting:

Citing worries about the growing national debt, some Republicans rejected the plan, notably Representative Rich McCormick

Democratic Concerns: Hakeem Jeffries, the House Democratic Leader, highlighted lost chances, including the debt ceiling.

House Speaker Mike Johnson, who is a Republican, referred to it as a “necessary step” to stabilise government operations.

Difficulties and Debates Concerning Bill Trump’s Influence and Opposition

In his opposition to the previous version of the plan, President-elect Donald Trump called for a five-year extension of the debt ceiling.

Due to the considerable delays caused by his persistence, House Speaker Mike Johnson was forced to make revisions to the package.

Billionaire Elon Musk, who is currently leading the newly established Department of Government Efficiency, backed Trump’s position, igniting discussions about outside influences on legislative choices.

What Comes Next?

The funding package is anticipated to be signed into law by President Joe Biden, ensuring government operations for the ensuing three months.

Nonetheless, the impending budget talks and debt ceiling controversy will take centre stage in early 2025, influencing both the political and economic environment.

Tensions between Partisans

Although the package had bipartisan support, Democrats objected to compromises made to please conservative senators, and some Republicans criticised the lack of expenditure cutbacks.

Rep. Rosa DeLauro raised worries about oligarchic meddling and questioned Musk’s involvement in draughting the legislation.

Effect on the National Debt

A crucial issue remains unresolved when a debt ceiling agreement is excluded.

To prevent a financial disaster, the federal government needs to negotiate an increase in borrowing ability by early 2025.

Democrats and Republicans have decided to bring up this topic again, maybe tying it in with more general talks on budget cutbacks and tax reforms.

What Speaker Mike Johnson Can Expect in the Future

There are concerns about Speaker Mike Johnson’s leadership as he deals with growing criticism from his own party.

To keep his job, Johnson must strike a balance between bipartisan cooperation and party allegiance as Trump loyalists push for tougher budgetary measures.

Economic Effects of Avoiding a Shutdown

A government shutdown might have interfered with military activities, national parks, and law enforcement.

Cost the economy $1 billion every week, particularly when people are travelling for the holidays.

In conclusion

This budget bill’s passage is a crucial step towards preventing immediate financial instability.

However, Congress still faces a difficult path ahead due to unsolved issues including the impending debt ceiling.

.

 

Party City’s closure marks the end of an era for the legendary chain of party supplies

Posted on by

After nearly 40 years, Party City closes its doors.

Party City, a mainstay of the American party supply market for almost 40 years, has declared that all of its locations will be closing.

CEO Barry Litwin broke the heartbreaking news that operations would stop immediately, leaving thousands of workers without jobs, in a poignant speech to corporate employees on Friday.

In a CNN video conference, Litwin said, “This is without a doubt the most difficult message I’ve ever had to deliver.”

After almost 40 years in operation, Party City, the largest party supply company in the US, has announced that it would close all of its locations.

He affirmed that once the business starts its wind-down process, benefits would be discontinued and employees would not get severance money.

What Can Party City Customers Expect Next?

Customers may notice that the remaining merchandise is being sold at clearance pricing as the business closes.

But Party City’s status as the biggest party supply chain in the US will be a thing of the past after its locations close by February 2025.

Background: In January 2023, Party City declared Chapter 11 bankruptcy, owing over $1.7 billion.

The company emerged from bankruptcy in September 2023, having paid off nearly $1 billion in debt and shutting down a number of failing outlets.

party city


party city

What Caused the Collapse of Party City?

Financial Difficulties Due to Increasing Expenses

Inflation, which raised operating costs and decreased consumer spending, was one of the issues Litwin cited as contributing to the company’s demise.

Party City was unable to overcome its problems in spite of efforts to stabilise its finances.

Litwin emphasised that the company’s best efforts were insufficient and stated, “We’ve done everything possible to avoid this outcome.”

Growing Debt Following Bankruptcy

With $1.7 billion in debt, the New Jersey-based business filed for bankruptcy in January 2023.

The remaining $800 million in debt continued to put pressure on earnings into 2024, despite the fact that the bankruptcy allowed Party City to cancel nearly $1 billion of its debt and keep the majority of its 800+ locations operating.

Important Points:

Immediate Closure: CEO Barry Litwin notified staff that they would be leaving their jobs on December 20 and that operations would be shutting down immediately.

Individuals

No Severance compensation:

Employees were informed that their benefits would end when the business went out of business and that they would not get severance compensation.

Financial Difficulties: The company attributed the closure on financial difficulties, such as inflation and a decline in customer expenditure.

 

Effect on Workers

Store closures and unexpected layoffs

 

All stores will close by February 28, 2025, according to official notices given to certain staff on Friday.

Workers were shocked and upset, especially at management’s lack of prior communication.

On December 10, business employees were sent home, and the corporate headquarters was locked by security.

Citing safety concerns, an internal email instructed staff to alert security before entering the building.

Industry Background:

The closing of Party City is a part of a larger pattern of store closures and retail bankruptcy in 2024 as customers reduce their discretionary spending in response to growing living expenses.

This year, closures have also been announced by other shops, including Big Lots.

Heartfelt Goodbyes

 

During the announcement call, Karen McGowan, the Chief Human Resources Officer at Party City, started crying.

McGowan apologised for the emotional toll on staff members, saying, “I certainly know this is a lot to take in.”

 

Party City: Its Ascent and Decline

In a Changing Market, Competition

E-commerce behemoths like Amazon and Walmart, as well as transient pop-up shops like Spirit Halloween, were becoming a bigger threat to Party City. Its balloon industry, which is a major source of revenue, was further harmed by a shortage of helium and rising expenses during the pandemic.

 

A Wider Pattern of Store Closures

Party City is the latest retailer to close their doors in 2024.

According to Coresight Research, it has been one of the worst years for retail bankruptcies since 2020, with chains such as Big Lots announcing closures as a result of financial difficulties.

Large-scale layoffs at Party City’s corporate office

Workers at Party City’s headquarters in Woodcliff Lake, New Jersey, were shocked to learn of mass layoffs by email on December 20, 2024.

The company, which just came out of bankruptcy, is ending an era by closing all 850 of its stores in the United States.

This decision comes after years of financial difficulties, during which Party City had to contend with fierce competition from online retailers and the growing expenses of running physical locations.

Party City Stores Will Close When?

Employees say that by March 31, 2025, all Party City outlets will close. Customers can browse clearance discounts as the business gets rid of its leftover stock in the interim.

Party City is closing; why?

Party City’s decision to shut down was influenced by a number of factors:

Increasing Competition:

Customers may now purchase party supplies more easily and affordably thanks to online merchants like Amazon.

Pandemic Impact:

 

The business was severely impacted by supply chain interruptions and growing product costs.

Financial Difficulties:

 

The business had trouble recovering even after wiping off $1 billion in debt when it filed for bankruptcy in early 2023.

Impact on Employees:

10,100 part-time employees and 6,400 full-time employees are impacted by the closure.

Workers complained about the lack of communication, with some receiving termination letters or internal chats informing them of the closure.

 

In conclusion

The demise of Party City serves as a sobering reminder of the difficulties faced by physical retailers in a retail environment that is changing quickly.

The chain’s demise is a reflection of larger changes impacting the business, including the growth of internet shopping and financial strains.

The celebration is gone for the staff and devoted patrons, but the memories of Party City’s legendary role in festivities will live on.

During bankruptcy struggles, Big Lots will close all of their stores

Posted on by

Big Lots, the bargain shop company with almost 900 sites, has revealed plans to close all of its remaining locations in a startling turn of events. Earlier this year, Big Lots filed for Chapter 11 bankruptcy protection after experiencing significant financial troubles throughout 2024, including the effects of inflation and declining consumer spending.

Big Lots was forced to start the liquidation process after the company’s attempt to turn things around through a sale to Nexus Capital Management fell through.

What Will Happen to Big Lots Next?

Big Lots still has a slim chance to find a buyer, even if the firm intends to move on with store closures and going-out-of-business sales.

However, the retail behemoth will permanently close its doors in early January 2025 if no buyer steps forward, creating a massive vacuum in the discount retail industry.

Not Selling Activates Out-of-Business Sales

Big Lots and Nexus Capital Management had been negotiating in the hopes of reaching an agreement that would keep the business solvent.

Regretfully, sources indicate that the sale was cancelled when Big Lots’ inventory was valued significantly less than anticipated.

Nexus Capital was unable to move further financially as a result.

An Examination of the History of Big Lots

Originally called Consolidated International, Inc., Big Lots was established in 1967 in Columbus, Ohio, and has since grown to become a popular place to buy cheap food, furniture, and home products.

After changing its name to Big Lots in 2001, the business became well-known in the retail sector.

However, Big Lots has suddenly given in to the demands of the retail apocalypse and a more competitive market, despite its lengthy history and once-strong presence.

2024 Sees a Sharp Decline in the Price of Big Lots Stock

Big Lots’ stock price has suffered significantly as a result of its financial difficulties. After trading under the ticker symbol “BIG” on the New York Stock Exchange, Big Lots’ shares are currently traded under the name “BIGGQ” on the over-the-counter market.

Shares were only worth 8 cents as of the most recent trading day, representing a startling 99% drop in value just this year.

The sharp decline in the company’s stock price is another sign of Big Lots’ dire financial situation.

Effect on Workers at Big Lots

The future of Big Lots’ 27,000 employees is unknown as the firm gets ready to close its locations.

Although the company has not disclosed particular information regarding the impact of shop closures on its workers, it is anticipated that the majority of employees would lose their jobs following the completion of the going-out-of-business sales.

big lots

big lots

Thousands of workers nationwide will undoubtedly lose their jobs as a result of the store closures, which would probably result in widespread layoffs.

Are Large Lots Preservable?

Bruce Thorn, the CEO of Big Lots, is optimistic about a different solution, but there is little possibility of a last-minute rescue.

The business has stated that it is still open to a “alternative going concern transaction,” which might involve being acquired by a different organisation or investor.

But Big Lots has given itself till January to finalise any such agreement. The business will formally cease operations and move forward with its liquidation plans if this doesn’t occur.

 

Effect on Workers at Big Lots

The future of Big Lots’ 27,000 employees is unknown as the firm gets ready to close its locations.

Although the company has not disclosed particular information regarding the impact of shop closures on its workers, it is anticipated that the majority of employees would lose their jobs following the completion of the going-out-of-business sales.

Thousands of workers nationwide will undoubtedly lose their jobs as a result of the store closures, which would probably result in widespread layoffs.

Big Lots Reports Significant Changes to the Bankruptcy and Going-Out-of-Business Sales Process

In a significant financial update, Big Lots, Inc. confirmed that it no longer anticipates completing the asset sale to Nexus Capital Management that was previously announced.

While getting ready for going-out-of-business (GOB) sales at all of the remaining shop locations, the retailer keeps looking into other opportunities for selling the company.

Sales of Going-Out-of-Business Items Will Start at Every Big Lots Store

 

Savings in All Categories: Deep discounts will be available throughout the sales on a variety of commodities, such as groceries, home goods, and furniture.

Instant Sales Launch: In the days ahead, going-out-of-business (GOB) sales will start at all surviving Big Lots locations.

Effect on Store Closures: As the business transitions to liquidation, these sales signal the start of a major store closing process.

Big Lots and Nexus Capital Management conclude their asset sale negotiations.

No Agreement with Nexus: Big Lots has declared that it will not proceed with the asset sale to Nexus Capital Management that was originally scheduled.

Sale Schedule: Big Lots intends to complete a sale by the beginning of January 2025.

Alternative Sale Still Possible: The business is still actively looking for other possible purchasers, such as Nexus or another party, in spite of this setback.

The Bankruptcy of Big Lots and Its Economic Difficulties

 

Stock Price Decline: In 2024, the retailer’s stock fell by about 99%, indicating serious financial difficulties.

Chapter 11 Filing: In early 2024, Big Lots filed for Chapter 11 bankruptcy protection due to a number of financial issues, such as inflation and dwindling sales.

Failed contract with Nexus: Big Lots had intended to get back on its feet by signing a contract with Nexus, however the arrangement fell through due to a valuation discrepancy.

Information on Legal and Bankruptcy procedures

Court filings pertaining to Big Lots’s case are accessible to creditors and other interested parties.

Proof of Claim Filing: You can submit a claim against Big Lots by contacting Kroll Restructuring Administration LLC, the company’s claims agent.

Big Lots is presently undergoing bankruptcy procedures.

An alternative The going concern deal is still being worked on.

Despite starting the liquidation process, Big Lots is still holding out hope that it may negotiate a going concern deal, which would allow the business to be transferred to a different bidder and carry on.

Ongoing Negotiations: In an effort to preserve some aspects of its business, Big Lots is still negotiating with possible purchasers.

 

What Will Happen to Big Lots Next?

 

Continued Customer Services: Big Lots is still dedicated to providing both in-person and online customer service in spite of the difficulties.

The brand’s future: Finding a new buyer or successfully completing the ongoing sale negotiations will determine Big Lots’ next course of action as it continues its bankruptcy process.

The Legacy and Community Impact of Big Lots

Community Support: More than $176 million has been donated by the company’s foundation to nonprofit organisations that address issues like housing, healthcare, education, and hunger.

Established in 1967: Big Lots has long been a significant force in the discount retail industry. It was first founded as Consolidated International in Columbus, Ohio.

Concerning Big Lots, Inc.

Charity & Community: The business has collaborated with partners and consumers to donate money to important charities across the country through its Big Lots Foundation.

Retail Focus: One of the biggest closeout stores in the United States, Big Lots provides substantial savings on a range of products, such as food, appliances, and furniture for the house.

 

The Reasons Behind Today’s Altcoin Decline: The Effect of the Federal Reserve’s Decision

Posted on by

Important Points:

The cryptocurrency market, particularly altcoins, is under pressure due to the slower rate of interest rate decreases.
Chainlink, Cardano, and Shiba Inu all suffer large market losses.
Prices of cryptocurrencies are declining as a result of the Federal Reserve’s recent interest rate announcement.

The Federal Reserve’s Interest Rate Decision and Its Function

The Federal Reserve issued a 25-basis-point interest rate fall on December 18, 2024, its third since September.

The market was taken aback by Fed Chairman Jerome Powell’s pessimistic stance for the future, despite the fact that this cut was anticipated.

Powell said that although the central bank was lowering interest rates, future rate reduction will happen more slowly than expected.

The Fed now anticipates only two cuts in 2025, down from four previously.

Investor behaviour has been affected by this shift in the Fed’s policy position.

Since there are fewer rate cuts coming, investors are growing more cautious, which is causing the market to fall.

Normally, lower interest rates stimulate riskier investments like cryptocurrency.

Introduction: What’s Causing Today’s Altcoin Drop?

The markets for cryptocurrencies have seen a dramatic drop in recent trading sessions. Some well-known altcoins have experienced double-digit declines, including Shiba Inu (SHIB), Cardano (ADA), and Chainlink (LINK).

Although Ethereum and Bitcoin are also declining, the decline in altcoins is more noticeable. However, why is this taking place?

The Fed’s latest announcements, which are impacting investor mood and causing sell-offs throughout the cryptocurrency market, hold the key to the solution.

What Will Happen to the Crypto Market Next?

Government regulations, investor mood, and macroeconomic trends are just a few of the many variables that impact the extremely volatile cryptocurrency market.

As of right now, it seems that the Federal Reserve’s cautious stance to interest rates will cause cryptocurrencies to continue experiencing ups and downs.

Although these triggers are still unknown, the Trump administration and possible regulatory reforms may present growth prospects.

In the upcoming months, investors should brace themselves for ongoing volatility.

Chainlink, Cardano, and Shiba Inu Are Hit the Hardest

In just one day, the price of Shiba Inu (SHIB), a meme currency notorious for its volatility, has dropped by 11.5%. Likewise, both Cardano (ADA) and Chainlink (LINK) have experienced a decline of almost 10%. Due to their high level of speculation, these altcoins have been especially susceptible to changes in the market.

Investors are retreating from these riskier assets as a result of the Fed’s less aggressive rate-cut outlook.

Is It Time to Invest in Shiba Inu or Other Altcoins?

It’s crucial to evaluate the present state of the economy and the outlook for interest rates before thinking about investing in Shiba Inu, Cardano, or Chainlink.

Although some cryptocurrencies, like Shiba Inu, may yield large returns, they are still high-risk investments that are more motivated by speculation than sound fundamentals.

Why Are Cryptocurrency Interest Rates Important?

Investor behaviour is directly impacted by interest rates. Investors can take on debt and invest in high-risk assets like cryptocurrencies at a reduced cost when the Federal Reserve lowers interest rates.

A spike in speculative markets, such as cryptocurrency, is usually fuelled by decreasing interest rates.

But given the Fed’s more conservative outlook for 2025, interest rates might remain high for a longer period of time, which would dampen investor interest in cryptocurrencies.

The market correction and current cryptocurrency sell-off are the results of this.

Citing legal and financial concerns, the Fed rejects the proposal to create a Bitcoin reserve.

The Federal Reserve’s chairman, Jerome Powell, rejects the notion that the US central bank would own Bitcoin.

Powell highlights that Congress, not the Fed, must take action to resolve concerns about the Bitcoin reserve.

Central banks and financial experts strongly oppose the growing debates over a U.S. Bitcoin Strategic Reserve.

Bitcoin and Cryptocurrencies’ Future in U.S. Policy

Powell rejected the notion of a reserve for Bitcoin, but interest in the larger cryptocurrency market is still rising.

Cryptocurrencies’ place in the global financial system will only change as they gain popularity.

However, rather than adopting digital assets as reserve currency, the Fed and the majority of central banks are currently more concerned with the risks involved.

Powell’s speech emphasises that Bitcoin’s function in U.S. monetary policy is still unclear and quite speculative, but the U.S. Treasury and Congress will probably continue to discuss the benefits of a Strategic Bitcoin Reserve in the years to come.

bitcoin crashing

bitcoin

A U.S. Bitcoin Strategic Reserve: What Is It?

In the wake of President-elect Donald Trump’s victory, there has been increased interest in the concept of a U.S. Bitcoin Reserve.

Trump has proposed the establishment of a national Bitcoin stockpile, which might contain 200,000 bitcoins worth $21 billion at current prices, including those captured during illegal activity.

Republican Senator Cynthia Lummis has pushed for legislation that would require the U.S. Treasury to purchase 200,000 bitcoins a year until the reserve reaches one million.

Powell’s remarks, however, indicate that the Fed is not interested in participating in this endeavour, even though demand in such a reserve is growing.

Fed’s Wary Approach to Cryptocurrencies

Powell has maintained the Fed’s position on cryptocurrencies, claiming that the central bank’s job is to make sure that the markets don’t endanger the safety of consumers or the banking industry.

Powell clarified in his comments that although the Fed does not directly control cryptocurrencies, it does monitor how these companies interact with the conventional banking system in order to maintain financial stability.

Powell said the Fed would not seek to establish or oversee a Bitcoin reserve, leaving those decisions to Congress.

Because of the volatility and speculative nature of assets like Bitcoin, the Fed continues to be highly sceptical of cryptocurrencies.

Is Bitcoin Going to Be a Reserve Asset Someday?

There are various obstacles to the concept of a Strategic Bitcoin Reserve:

Legal and Political Obstacles: Major legislative reforms would be needed before the U.S. Treasury could purchase and hold Bitcoin.

Financial Market Volatility: Given its history of abrupt price fluctuations, Bitcoin’s appropriateness as a trustworthy store of value for national reserves is called into question.

Global Opposition: Because cryptocurrencies like Bitcoin are unstable, several central banks around the world, particularly those in Europe, have rejected the idea of utilising them as reserve assets.

The Federal Reserve’s stance on Bitcoin is still unambiguous: even though there is increasing support for a U.S. Bitcoin Reserve, the central bank has no intention of participating in such endeavours.

Instead of adopting cryptocurrencies as reserve assets, the Fed will continue to concentrate on regulatory monitoring due to Bitcoin’s persistent volatility and limited usefulness as a reliable store of value.

Congress and politicians, not the Fed, are currently in charge of determining the future of Bitcoin reserves.

A Comprehensive Guide on How to Access Your Steam Replay 2024

Posted on by

With the official debut of Steam Replay 2024, Valve gives users a thorough overview of their gaming performance for the year. Steam Replay lets users think back on their gaming accomplishments, playtime, and more, much like other well-known year-in-review products like Twitch Recap or Spotify Wrapped.

Reasons to Verify Your 2024 Steam Replay

A fantastic tool for thinking back on your 2024 gaming accomplishments and habits is Steam Replay.

It offers insightful information on your playstyle, favourite games, and overall gaming progress, regardless of how much of a gamer you are.

It’s also entertaining to reflect on your gaming accomplishments over the course of the year.

What Does Steam Replay 2024 Cover?

You may view a comprehensive summary of your gaming activities during the year by going to Steam Replay 2024.

Top Games Played: Discover which games you spent the most time playing and how many hours you spent playing them in 2024.
Unlocked Achievements: Find out what achievements you have unlocked in your favourite games over the course of the year.
Control Setup: Get a preview of your favourite gaming configuration by seeing if you used a keyboard and mouse or a gamepad.
Gaming Sessions: Find out how many sessions you spent playing each game to see how frequently you play them altogether.
Monthly Breakdown: To provide you a comprehensive picture of your gaming habits throughout the year.

Reasons to Verify Your 2024 Steam Replay

A fantastic tool for thinking back on your 2024 gaming accomplishments and habits is Steam Replay.

It offers insightful information on your playstyle, favourite games, and overall gaming progress, regardless of how much of a gamer you are.

It’s also entertaining to reflect on your gaming accomplishments over the course of the year.

How to Get into Steam Replay 2024

Use these simple steps to view your Steam Replay 2024:
Go to the official website for Steam Replay.
Head to the official Steam Replay 2024 webpage to begin.
Log Into Your Steam Account
Sign in to your Steam account using your credentials. If you don’t have an account, you’ll need to create one.

Examine Your Review of the Year
You may browse through your customised year-in-review on Steam Replay after logging in.

All of your gameplay statistics, including your favourite games and accomplishments, are displayed here.

An amazing chance to revisit your favourite gaming experiences and monitor your progress over the year is provided by Steam Replay 2024. It’s the best way to view your gaming history on Steam, with a range of statistics such as the most popular games, accomplishments, and sessions played.

How to Get Fortnite’s Aerial Assault Trooper and Renegade Raider Skins 2024

Posted on by

The Renegade Raider and Aerial Assault Trooper, two of Fortnite most recognisable skins, have returned after a lengthy seven-year break.

Originally thought to be uncommon, these skins represented original individuals that started playing Fortnite in its infancy.

Players now have the opportunity to unlock and buy these famous cosmetics for the first time in years.

How to Get the Skins for the Aerial Assault Trooper and Renegade Raider

 

The Fortnite Item Shop’s OG Season tab now offers the Renegade Raider and Aerial Assault Trooper skins.

Gamers must first accrue a specific quantity of experience points in order to unlock them for purchase.

To unlock the skins, you must have the following XP:

Trooper for aerial assault: This skin will cost 1,200 V-Bucks to acquire after you have earned 500,000 XP.

Renegade Raider: You must gain 1.5 million XP in order to unlock this legendary skin. You will need 1,200 V-Bucks to unlock the skin

What’s Next for Fortnite Fans?

 

Aside from these OG skins and cosmetics, Fortnite fans can look forward to exciting new content and collaborations. Leaks suggest that future updates will bring skins and items from popular franchises like Demon Slayer, Cyberpunk 2077, and Hatsune Miku.

Other Original Cosmetics in the Store

 

In addition to the Renegade Raider and Aerial Assault Trooper skins, the OG Season Shop revives additional vintage cosmetics from past seasons of Fortnite.

This is a list of every item in the OG Season Shop, together with information about its costs and XP requirements.

Purchase these cosmetics before January 30, 2025, as this is a limited-time offer.

You will have plenty of time to earn experience points and obtain these uncommon skins and cosmetics before they go on sale on January 30, 2025, at 7 PM ET.

Exclusive Benefits for Original Players

Early in the upcoming year, players who first acquired the skins for the Renegade Raider and Aerial Assault Trooper in 2017 will get new styles as a bonus.
This prize is a unique way to honour devoted Fortnite players who assisted the game in its early years.

How to Get Fortnite Aerial Assault Trooper and Renegade Raider Skins 2024

Since its launch seven years ago, Fortnite has seen amazing transformations. Some skins have become legendary along the road; two of the rarest and most sought-after outfits are Aerial Assault Trooper and Renegade Raider.

A unique event will mark the return of these skins, which have been absent from the Item Shop since Season 1.

When Do the Aerial Assault Trooper and Renegade Raider Leave the Store?

These fabled skins won’t last forever! On January 30, 2025, at 7 PM ET, Renegade Raider and Aerial Assault Trooper will depart the Fortnite Item Shop.
Players have 41 days in total to earn the XP required to unlock these skins and buy them with V-Bucks.
How to Get Fortnite’s Aerial Assault Trooper Skin
You will have to work hard if you want to unlock the Aerial Assault Trooper skin. Here’s how to accomplish it:
slide across a vehicle fortnite

fortnight rapper

To unlock Aerial Assault Trooper, you must earn one million XP.

You need to gain one million XP in order to unlock the Aerial Assault Trooper skin.
This corresponds to around 13.5 Battle Pass levels. You can buy the skin from the OG Season Shop for 1,200 V-Bucks if you’ve reached the necessary XP, which starts on December 19 at 7 PM ET.
The Original Style and LEGO Version of the Aerial Assault Trooper
Players who have been playing Fortnite from its inception will find nostalgia in the Aerial Assault Trooper’s original design.
A LEGO-style variant of the skin is also accessible for use.

How to Obtain the Glider for Aerial Assault One

The Aerial Assault One Glider can be purchased by individuals who want to finish off the Aerial Assault Trooper appearance.
To get this glider, players must gain 500,000 XP, or roughly six Battle Pass levels. It costs 500 V-Bucks.

How to Get Fortnite’s Renegade Raider Skin

One of Fortnite’s most recognisable and uncommon skins, the Renegade Raider, is back in stock. To unlock it, you must perform the following:

Get 1,500,000 Experience Points to Acquire Renegade Raider

Players must acquire 1,500,000 XP (about 19 Battle Pass levels) in order to obtain the Renegade Raider.
You can purchase the skin for 1,200 V-Bucks in the OG Season Shop after you reach this milestone.
This is your opportunity to obtain one of the rarest skins available in Fortnite.
The Original Style of Renegade Raider and New Versions
In addition to its original appearance, the Renegade Raider skin now comes in LEGO and Checkered styles for even more personalisation.Methods for Unlocking the Raider’s Revenge Pickaxe
The Raider’s Revenge Pickaxe is also available to players for 1,500 V-Bucks, but you must first accrue 2,000,000 XP, or around 25 Battle Pass levels, before you can buy it.

The Original Style of Renegade Raider and New Versions

In addition to its original appearance, the Renegade Raider skin now comes in LEGO and Checkered styles for even more personalisation.

Methods for Unlocking the Raider’s Revenge Pickaxe

The Raider’s Revenge Pickaxe is also available to players for 1,500 V-Bucks, but you must first accrue 2,000,000 XP, or around 25 Battle Pass levels, before you can buy it.

Unique New Looks for Original Performers

Players who previously purchased the Renegade Raider skin or its cosmetics will receive a new unique style in Spring 2025 as a thank you for being early supporters of the game, similar to what happened with the Aerial Assault Trooper.

Following the most recent drawing, the Mega Millions Jackpot is getting closer to $1 billion

Posted on by

After the most recent drawing failed to produce a winner, the Mega Millions jackpot has risen to sublime $825 million. One of the most thrilling jackpots of the year, this huge prize is quickly approaching the billion-dollar mark.

Historical Background: An Unprecedented Chance

The $825 million jackpot would rank as the seventh-mega jackpot in Mega Millions history and would be the biggest prize ever given out in December. Although it hasn’t been claimed, the March jackpot of $1.128 billion is still the largest for 2024 to yet.

Next Sketch: Playtime and Location

On Friday night, the next Mega Millions drawing for this potentially
life-altering prize will take place.

But getting this medal is no little accomplishment.

There is a roughly 1 in 302.6 million chance of matching all six numbers to win the top prize.

Details of the New Jackpot: $825 Million or $382.2 Million in Cash

 

The jackpot increased to $825 million in annuitized installments after Tuesday night’s drawing failed to deliver a grand prize winner. The cash payout option is $382.2 million for those who would rather receive their money all at once.

This jackpot would be the fourth Mega Millions big prize of 2024 if it were to be claimed. Jackpots of $810 million in September, $552 million in June, and an incredible $1.128 billion in March were among the previous victories this year.

The Powerball Jackpot Is Not Up to Par

Although Mega Millions frequently makes news, Powerball, its sister lottery, now has a far smaller prize pool. Powerball had a $69 million prize and a $32.2 million cash option prior to its Wednesday night drawing.

Lower-Level Winners Continue to Arrive

Multiple players have won smaller rewards since the previous Mega Millions jackpot was won in September. While innumerable others have claimed smaller victories, more than 51 players have won at least $1 million.

Skibidi Toile Collaboration Revealed by Fortnite: How to Get the Plungerman Skin and Bundle

Posted on by

Inspired by the famous online series, Epic Games has released an interesting new partnership in Fortnite called the Skibidi Toilets package. This most latest addition provides players with a fun and unique collection of products to improve their in-game experience.

Skibidi Toilets: What Is It?

 

Skibidi Toilets, for those who don’t know, is a YouTube series that became very famous previous year. As the Turkish song “Dom Dom Yes Yes” by Biser King plays, an animated male face emerges out a toilet in this series, which is aimed at younger viewers.

From its humble origins as a meme, the program has progressed into a surreal yet engrossing story about toilet-headed creatures engaged in combat with figures that have television heads and cameras. The show is still continuing strong, and in August 2024, Episode 77 will premiere.

 

What Does the Skibidi Toilet Bundle Come With?

Act rapidly, as the “Skibidi Toilet Bundle” will only be available until Saturday, December 28, 2024, at 4 p.m. local time, in the Fortnite Item Shop.

Players will acquire the following for 2,200 V-Bucks.

The Skibidi Pack is a collection of entertaining, themed pieces to finish the ensemble.

Themed Back Gear: Special back bling to go with the ensemble.

Bonus LEGO Version: A LEGO version of the skin is also available to players who buy the bundle.

A whimsical figure influenced by the series is Plungerman Skin.

Toilet Plunger Harvesting Tools: Prepare for a twist that will make you chuckle.

On its official X (formerly Twitter) account, Fortnite hinted about the partnership, writing, “You know it. You can wear it now!

The Original Map Is Back in Fortnite

Fortnite recently thrilled fans by bringing back the original map from its first season, along with the Skibidi Toilets combo. This update provides:

Solos, squads, and the Zero Build mode are among the various modes available.
Relive the original game’s gameplay, locations, and loot.

Players will have plenty of time to recall the game’s heyday as Season 1 of Fortnite Chapter 5 comes to an end on January 31, 2025, at 2 a.m. ET.Nostalgia for Season 1: Like in the past, players can enjoy running, healing while moving, and constructing defensive constructions.

Amid contract dispute, the Teamsters Union initiates a nationwide strike against Amazon

Posted on by

Holiday Operations Are Disrupted by a Historic Amazon Worker Strike

An important step was taken Thursday morning when the Teamsters union launched a nationwide strike against Amazon, which the company claims is the biggest strike in the history of the trillion-dollar corporation.

Thousands of employees from seven Amazon locations in cities like San Francisco, Skokie, Illinois; New York City; Atlanta; ; and Southern California are involving in the walkout, which begin at six in the morning.

Amazon Rejects Union Allegations, Expects Little Effect

Amazon claims that the Teamsters do not formally represent their workers, refuting the union’s accusations.

Kelly Nantel, a company spokesman, claims that the union’s tactics are deceptive. “The Teamsters have been purposefully misleading the public for over a year by claiming to represent thousands of Amazon drivers and employees,”

Nantel said. “The Teamsters have actually engaged in unlawful threats, intimidation, and attempts to force third-party drivers and Amazon employees to join them.”

Nantel added that Amazon’s operations are not anticipated to be impacted by the strike.

Public Responses: Divergent Views on the Strike

Online, the strike has generated a range of replies. Some criticise the timing during the holiday season, while others sympathise with the demands of the workers. One commentator claimed that “the union’s decision to strike now is only hurting customers who are waiting for their purchases.”

Others added that the union’s attempts are less about worker rights and more about political leverage.

 

Deliveries on Holidays Are in Danger

Due of the increase in Christmas deliveries, the strike occurs at a key moment. Amazon Fulfilment Centres across the country have set up primary picket lines, and the union asserts that non-union drivers and warehouse employees are legally permitted to respect the picket lines by refusing to work.

With 401(k) matching, immediate health insurance, professional progression prospects, and an average base pay of $22 per hour, Amazon claims to have some of the most excellent compensation packages in the business. Because we appreciate our employees and the work they do, we have made investments in competitive pay and benefits, Nantel said

Amazon is accused of refusing to negotiate contracts for better pay, benefits, and safer working conditions, which is what sparked the walkout.

Sean O’Brien, general president of Teamsters, claimed that Amazon disregarded a deadline of December 15 to start negotiations.

In a statement, O’Brien stated, “You can blame Amazon’s insatiable greed if your package is delayed during the holidays.” “These avaricious executives had every opportunity to be decent and respectful of those who enable their heinous profits.”

Employees Discuss Amazon’s Working Conditions

San Francisco warehouse worker Leah Pensler emphasised the importance of the walkout. She declared, “What we’re doing is historic.” “We will prevail in our battle against a ruthless union-busting campaign.”

Numerous workers have complained despite Amazon’s assurances. “They talk a big game about taking care of their workers, but when it comes down to it, Amazon does not respect us and our right to negotiate for better working conditions and wages,” driver Gabriel Irizarry of Skokie, Illinois, said of his difficulties. Even paying our expenses is beyond our means.

What’s Up Next for Teamsters and Amazon?

It’s unclear if this strike will affect the power dynamics in labour relations with Amazon, but it’s obvious that this extraordinary move has paved the way for possible adjustments to the way the business interacts with its employees.

Everyone is watching Amazon to see if it will engage in negotiations as the strike progresses. In order to achieve what they refer to as “better conditions for the people who make Amazon’s profits possible,” employees and union officials are nonetheless adamant about their objectives.