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Theodor Seuss Geisel was an American children’s author and cartoonist. He is known for his work writing and illustrating more than 60 books under the pen name Dr. Seuss. He wrote the Children’s Christmas story: ‘How the Grinch Stole Christmas!‘
Music streaming service Spotify is laying off some 17% of its workforce, in a dramatic move aimed at reducing its costs and adjusting for a slowdown in growth, CEO Daniel Ek said Monday 4th December 2023.
It is reported Ek said Spotify invested too much in 2020 and 2021 and had to ‘rightsize’ its costs for a new economic reality.
Spotify reported a 65 million euros ($70.7 million) profit in the third quarter, citing lower spend on marketing and personnel.
The latest round of cuts is reported to equate to roughly 1,500 jobs – but this has not been confirmed by Spotify.
The price of Bitcoin quickly soared above $41,000 easily taking out $40,000. The cryptocurrency is up around 13% over the past month and up more than 130% year to date. But the price of Bitcoin is down more than 40% from its all-time high in 2021.
In November 2023, analysts reportedly said Bitcoin could soar to as high as $150,000 in 2025, as it rides a new bull cycle. Other altcoins are available, as they too ride the coat tails of Bitcoin’s encouraging move. Be aware though, Bitcoin is a volatile asset and as such is subject to dramatic moves in either direction. BE CAREFUL!
Cryptocurrency industry analysts have suggested this bull-run could lead to fresh all-time highs in 2024 above $100,000.
Excitement around a Bitcoin ETF being approved in the U.S. in 2024 as well as the process of Bitcoin halving due in April 2024 is fueling this rally in cryptocurrencies.
Many also say the crypto industry is enjoying a market climb due to the FTX case and the Binance settlement with the U.S. Department of Justice (DoJ) as the two outstanding issues that were holding up the crypto market were resloved.
Gold prices are on course to hit fresh highs in 2024 and could remain above $2,000 levels, analysts predict. Geopolitical uncertainty, a likely weaker U.S. dollar and possible interest rate cuts are cited as the drivers.
Prices of the precious metal have risen for two consecutive months. Gold tends to perform well during periods of economic and geopolitical uncertainty due to its status as a reliable store of value.
It has been estimated that gold prices could reach up to $2,200 by the end of 2024. Some have even suggested it could go as high as $2,500.
This was the highest level ever recorded since the gold price began to be tracked in 1970.