Musk Sides With Harshest Fed Critic, Bitcoin Gets Gloomy Prediction, Amazon, Berkshire In Focus With Biden's Tax Law And More: 5 Key Stories You May Have Missed From The Weekend

Zinger Key Points
  • The Fed's rate-hike effect is beginning to show up in all spheres.
  • Bitcoin is set to plunge below $14,000, an analyst warns.
  • McDonald's is forced to raise prices in Japan.
Musk Sides With Harshest Fed Critic, Bitcoin Gets Gloomy Prediction, Amazon, Berkshire In Focus With Biden's Tax Law And More: 5 Key Stories You May Have Missed From The Weekend

Following the Fed-induced sell-off in the week ended Sept. 23, discussions over the weekend centered around whether Federal Reserve Chairman Jerome Powell and his team would announce yet another aggressive rate hike.

Here is a quick roundup of five stories you may have missed from the weekend:

Bitcoin Below $14K? The drop in tech-heavy Nasdaq is bad news for Bitcoin BTC/USD, according to crypto analyst Nicholas Merten. The expert predicts that the apex crypto will decline by an equalized amount if Bitcoin remains neutral to Nasdaq. Merten sees the possibility of Bitcoin moving toward the $13,600-$14,000 level. At the time of writing, the crypto was trading at 19,099.96, up 0.11%.

New Tax Rate May Hurt Amazon, Berkshire The Most: A study conducted by the University of North Carolina Tax Center showed that the new 15% minimum corporate tax proposed by the Biden administration would hurt Amazon Inc. AMZN and Warren Buffett’s Berkshire Hathaway Inc. BRKA BRKB the most, according to reports.

Berkshire may have had to shelve out $8.3 billion and Amazon over $2.7 billion if the tax rate was applied to 2021 profits, the study found.

Musk Concurs With Wharton Professor On Fed: Elon Musk seconded the opinion of Wharton Finance Professor Jeremy Siegel, who came down heavily upon the U.S. Federal Reserve’s decision to aggressively raise rates to contain inflation. The professor blamed the central bank for not acting in 2021 when prices were northward bound and acting with vengeance now even as prices are falling.

“They were way too easy through 2020 and 2021,” Siegel said. “Now the Fed says, ‘We’re going to be real tough guys until we crush the economy,’” he added.

No Love Lost Between Trump And DeSantis: Former President Donald Trump thinks he nurtured Florida Governor Ron DeSantis and is very upset that the latter has now turned against him, according to a Washington Post report. “I made him,” Trump reportedly told his advisers, adding that DeSantis had been ungrateful.

“I don’t understand what happened here. I don’t understand why he doesn’t appreciate me more.”

Weak Yen Bites McDonald’s: Reeling under the onslaught of a weaker yen, McDonald’s MCD Japan unit is planning to raise prices of about 60% of its products, with the hikes ranging between the equivalent of $0.07-$0.21, Bloomberg reported, citing a company statement. The increased prices will come into effect on Sept. 30.

What Else: Women increasingly rank financial security as one of the most crucial factors of well-being, according to the 2022 Ellevest survey. Read on to learn more about the other findings.

Digital World Acquisition Corp. DWAC said in a filing that private investment in public equity investors representing about $138.5 million in financing commitment withdrew their offer in a blow to the SPAC, which has agreed to merge with the Trump Media And Technology Group, that owns the Truth Social platform.

Posted In: Donald TrumpInflationJerome PowellJoe BidenNASDAQTRUTH SocialCryptocurrencyNewsSocial MediaPoliticsSmall CapTop StoriesEconomicsFederal ReserveMarketsTechMediaGeneral

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11 Best Black Friday Deals on Amazon

11 Best Black Friday Deals on Amazon

The best Black Friday deals from Amazon are still coming hard and fast because the holiday is not yet upon us and the mega-retailer prefers to keep consumers on the hook for as long as possible—spending as much money as possible. 

To that end, here are some of the best Black Friday deals from Amazon that you might want to consider today.

Calphalon 10-Piece Pots and Pans Set

Regular Price: $172

Sale Price: $138.88

Calphalon’s 10-Piece Pots and Pans Set is designed with stainless steel, stay-cool handles along with pour spouts. The nonstick surface is PFOA-free and built with hard-anodized aluminum that is both durable and conducts heat extremely well. The set includes 2 fry pans, a sauce pan with cover, saute pan with cover and large stock pot with cover.

Apple AirPods 2nd Generation

Regular Price: $144

Sale Price: $85.49

The 2nd Generation AirPods from Apple connect to all Apple devices and give you an enhanced listening experience. Plus, they come with a case that keeps them safe and allows you to charge them in a secure environment. With over 24 hours of battery life, access to Siri and easy setup, you can start listening to your favorite tunes or podcasts today.

Adidas Ultraboost 21 Running Shoes

Regular Price: $129.98

Sale Price: $89.98

The Adidas Women’s Ultraboost 21 running shoe is perfect for anyone who likes a short run, maybe a 5K, half marathon or more. Coming in several colors and styles, you can slip these shoes on, enjoy the cushioned outsole, sink into the supple insole and secure laces.

Ninja AF101 Air Fryer

Regular Price: $129.99

Sale Price: $97.83

The Ninja AF101 Air Fryer allows you to crisp, roast, reheat and even dehydrate food products faster and cheaper than ever before. It has a 4-quart capacity and offers a wide temperature range along with several time settings so that you can customize each dish to your needs. Plus, all the parts are dishwasher safe.

Beats Solo3 Wireless On-Ear Headphones

Regular Price: $199.95

Sale Price: $99

Beats by Dr. Dre are among the best headphones on the market, and the Solo3 Wireless On-Ear Headphones include the Apple W1 chip, Class 1 Bluetooth and 40 hours of battery time. These headphones even have a built-in microphone and offer an adjustable fit so that you can be comfortable whether you’re listening to an Android or iOS device.

Hoover Power Scrub Deluxe Carpet Cleaner

Regular Price: $198.98

Sale Price: $175.98

The Hoover Power Scrub Deluxe Carpet Cleaner allows you to keep your home spotless and clean up after your pets. The cleaner comes with the Hoover Paws and Claws Deep shampoo and a storage mat to keep the floor dry once it’s put away.

LG CordZero Auto Empty Cordless Stick Vacuum

Regular Price: $999.00

Sale Price: $851.71

The LG CordZero Auto Empty Cordless Stick Vacuum and Wet Mop All in One Tower is designed to work in homes with several pets or children and clean up all the messes that life brings. The battery lasts up to 2 hours, and there’s an extra removable battery that gives you even more cleaning time and power.

Breville Fresh and Furious Blender

Regular Price: $278.60

Sale Price: $199.95

Breville, a top name in blenders and juicers, offers the Fresh and Furious Blender, featuring 50-ounce capacity, Vac Q technology, pre-programmed cycles, LCD display and lid with pull ring. With the Fresh and Furious Blender, you can make everything from a smoothie to a soup and everything in between.

Hot Tools Professional 2000 Turbo Ionic Hair Dryer

Regular Price: $89.99

Sale Price: $55.63

The Hot Tools Professional 2000 Turbo Ionic Hair Dryer is designed for professional use, but it works perfectly in the home. With 1875 watts of power, 6 heat and speed settings and a lightweight design, you can easily style your hair and utilize the diffuser, cut back on the frizz and stretch the 8 ft cord for maximum functionality.

Columbia Heavenly Long Hooded Jacket

Regular Price: $160

Sale Price: $97.38

The Heavenly Long Hooded Jacket from Columbia is designed to be light for everyday use, but it’s heavy enough to protect you from the cold. The plush fleece lining, security pocket, water resistant fabric, 2-way zipper, and zippered hand pockets make the jacket both protective and functional.

ConAir InfinitiPro Hair Dryer

Regular Price: $49.99

Sale Price: $29.99

ConAir is one of the biggest names in hair and beauty, and the InfinitPro is an 1875 watt hair dryer designed for professionals with ceramic technology. The dryer comes with a diffuser and concentrator, and it allows you to blow out your hair just the way they would at the salon.

Deals the Experts Are Hoping For

Experts believe that Amazon’s Black Friday sale could linger for quite some time. It all started with the Prime Early Access sale on October 11 and 12. Previously, Amazon has offered the “Epic Deals” sale that ran through late October. 

This is to say that any sale could come up at any time. 

Even so, those monitoring Amazon are looking forward to a few potential deals, including:

  • Apple Watch
  • AirPods (any generation)
  • MacBook Pro
  • Large, underpriced TVs
  • Amazon Echo
  • More small home appliances (Dyson or Shark vacuums, Instant Pots, etc.) 

While these predictions are based on last year’s Amazon Black Friday Sale, it’s important to remember that most Black Friday sales are fairly consistent and push the products that are most likely to sell.

 

Featured image sourced from Shutterstock

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