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Three Saint Michael’s fall Athletic teams complete record-breaking seasons  Saint Michael’s College
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Key Points
Why is recent news from the Federal Reserve causing big sell-offs for cryptocurrencies?
The cryptocurrency market is seeing a day of big sell-offs in Thursday’s trading. Bitcoin‘s token price was down 4.8% over the previous 24 hours of trading as of 4 p.m. ET, and Ethereum‘s price was down 9.2% over the period. The valuation pullback has been even more pronounced in the altcoin space.
The popular meme token Shiba Inu (SHIB -12.39%) saw its price fall 11.5% over the last day of trading. Meanwhile, Cardano (ADA -11.24%) was also down 11.5% across the stretch, and Chainlink (LINK -12.88%) was down 13.2%.
Shiba Inu is losing ground amid a waves of sell-offs impacting the broader crypto market. Crypto prices are seeing a big pullback following news from the Federal Reserve yesterday that suggests a less bullish macroeconomic backdrop in 2025. With concerns that inflationary pressures could persist, it now looks like cuts for interest rates will arrive at a slower pace than previously anticipated.
With its meeting yesterday, the Fed announced that it was moving forward with a 25-basis point cut for interest rates. The cut marked the central banking authority’s third rate reduction since September and brought the benchmark rate down to 4.25%. The move was in line with the market’s expectations, but comments from Chairman Jerome Powell shocked the market and put a halt to a recent surge of bullish momentum that has propelled valuations for cryptocurrencies and speculative stocks higher.
Powell indicated that the recently announced rate cut was not an easy decision and signaled that the Fed will be taking a more cautious approach to rate reductions in 2025. The Federal Reserve said that it now expects to deliver only two subsequent rate cuts of 25 basis points next year, down from its previous forecast for four cuts at that level. Lower interest rates have typically been a bullish catalyst for cryptocurrencies, and the less favorable rate outlook is driving substantial sell-offs for Shiba Inu, Cardano, Chainlink, and other tokens.
Even on the heels of recent pullbacks, Shiba Inu’s token price has risen by roughly 107% across 2024’s trading. These gains have largely been propelled by speculative investing, meme coin momentum, and expectations that the incoming Trump administration will take steps that promote the growth of the crypto market.
While the change in presidential administration and shift in congressional makeup next year could create catalysts that drive Shiba Inu’s token price higher, investors should keep in mind that the token’s rally this year has not been driven by fundamentals. Accordingly, if macroeconomic conditions take a turn for the worse or other disruptive risk factors take center stage, it’s reasonable to expect that the cryptocurrency could see significant downside pressures.
Performance of Cardano and Chainlink will likely be impacted by the same macroeconomic dynamics that shape results for Shiba Inu. Lower interest rates mean that it is cheaper for investors to borrow money. In turn, this can make it more appealing to borrow money and put it into relatively high-risk investments in pursuit of explosive returns. Lower interest rates also mean that companies can borrow money more cheaply and then invest that capital into growth initiatives, which can help power gains for the overall stock market — as well as other speculative investment classes.
On the other hand, Cardano and Chainlink also have more substantive fundamental valuation cases compared to Shiba Inu. While Shiba Inu is primarily a meme token with a limited use case outside of payments and speculative investments, both Cardano and Chainlink are backed by networks that are centered around facilitating other projects and applications. This doesn’t necessarily mean they will outperform Shiba Inu, but it suggests there are a greater number of factors that could go into shaping their respective valuations.
In the near term, there’s a good chance that valuations for top altcoins and the crypto market at large will continue to be highly volatile. Investors are still weighing the impact of next year’s interest rate schedule against potential benefits from regulatory shifts under the incoming Trump administration, and token prices could see more big swings.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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‘Texas, California and Florida are seeing trends of close to 10 [percent] in terms of year-on-year growth in bizjet departures in the last four weeks, testament to solid improvements in consumer and business confidence in the wake of [Donald] Trump’s [presidential] win,” said Richard Koe, managing director at WingX. [Credit: Shutterstock]
December 9-15 saw 72,682 bizjet departures globally, 2 percent more than Week 50 (W50) last year, according to a WingX weekly global market tracker report published Wednesday.
Furthermore, WingX reported a four-week trend of 5 percent growth compared to 2023. Both Part 135 commercial and Part 91K private aircraft activity were up 1 percent versus last year, with the last four-week trend up 7 percent.
WingX stated there have been just over 3.5 million bizjet departures year to date, 1 percent fewer than last year. 
In North America, bizjet activity rose 3 percent compared to the same week in 2023 with a four-week trend up 7 percent compared to last year. Part 135 and Part 91, Subpart K activity in the U.S. grew 3 percent, and the four-week trend was up 9 percent.
Postelection bizjet activity is trending 3 percent ahead compared to last year. Transatlantic flying is up 5 percent compared to last year with the U.S.-to-U.K. route being the busiest, accounting for 41 percent of all bizjet transatlantic flights since the presidential election.
Florida and Texas saw 6 percent and 5 percent gains compared to Week 50 last year. Texas hot spots of activity included Dallas, Houston, and Fort Worth, with small declines in San Antonio. Part 91 operators accounted for over half of bizjet departures in Texas with 58 percent in Week 50.
“Texas, California, and Florida are seeing trends of close to 10 [percent] in terms of year-on-year growth in bizjet departures in the last four weeks, testament to solid improvements in consumer and business confidence in the wake of [Donald] Trump’s [presidential] win,” said Richard Koe, managing director at WingX, in the news release.
In Europe, bizjet activity fell 3 percent compared to Week 50 in 2023. 
Outside of Europe and the U.S., bizjet activity was 4 percent higher than Week 50 in 2023. WingX stated that most of this growth came from the Middle East, where bizjet departures were 18 percent higher than last year. Asia saw activity up 15 percent year over year, Africa was 22 percent behind last year, and South America was down 2 percent from a year ago.
The WingX report said the Middle East benefited from the afterglow of hosting Formula 1’s Abu Dhabi Grand Prix on December 8 and Middle East Business Aviation Association (MEBAA) conference in Dubai on December 10-12.
“More than usual numbers of U.S. tourists have flown to Europe in the last week, notably more to the U.K. and Italy than to France and Germany,” Koe said. “The Middle East saw a strong bump in [year-over-year] bizjet flights coinciding with the MEBAA show in Dubai.”
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Matt LaFleur clarifies Ted Thompson’s role in Packers drafting Jordan Love  AtoZ Sports
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10 beautiful animals that are pink in colour
9 vegetarian dishes shine in the ‘100 Best Dishes in the World’ list
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How to make nutrition-rich and super delicious Bathua Paneer Paratha
10 best places to visit in North India for a thrilling wildlife experience
​Winter special: ​How to make Lemon Banana Tea cake ​
10 Korean recipes that are trending in India
8 South Indian delicacies made with leftover rice
10 conversations you must have with your child everyday in the morning
​10 animals with amazing healing abilities​

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For 20 years, the Atlantic City Airshow had been the most successful mid-week airshow in America.
The passion for the Atlantic City Airshow, “Thunder Over The Boardwalk” is palpable with the airshow fan base.
An unfortunate pause occurred and no Atlantic City, New Jersey airshow was held in 2024 because no show-stopper finale act was available.
The Atlantic City airshow always had either The United States Air Force Thunderbirds, or, The United States Navy Blue Angels.
Neither were available for 2024, as they primarily do only weekend shows.
it looked as though the 2024 Atlantic City airshow could be saved with SpaceX Polaris Dawn serving as the finale show stopper.
However, on late notice, Polaris Dawn was not available and Michael Chait, president of the greater Atlantic City chamber of commerce had to make the difficult decision to cancel the 2024 Atlantic City airshow.
We can now confirm whether will be a 2025 Atlantic City Airshow.
Here is the complete statement from the greater Atlantic City Chamber of Commerce as follows:
A Statement from the Greater Atlantic City Chamber:
“After careful consideration, the Atlantic City Airshow will take a strategic pause for 2025. We will use this time to reevaluate the overall operations of the show – reevaluating community engagement, assessing costs, reviewing logistics and creatively considering what future Atlantic City Airshows could look like. It is our sincere hope that we will once again be in a position to hold an Airshow in 2026. Our goal is to ensure the long-term viability of the Airshow – it is New Jersey’s largest free event, a 20-year tradition, that has brought joy to hundreds of thousands of visitors and residents alike. We recognize the Airshow's significant role in our community and to the tourism economy, and we are steadfast in our dedication to preserving its legacy, while adapting to current economic realities. We wish to thank the City of Atlantic City who each year welcomes hundreds of thousands of visitors to its beaches for the Airshow. We also thank Atlantic County and the greater South Jersey region for their continued support of this event year after year. Finally, we thank our generous sponsors, military and civilian performers, community partners and all who contributed their services and expertise  in order to make the Atlantic City Airshow the world’s premier beachfront airshow.”
This obviously comes as very disappointing news for all Atlantic City airshow fans.
Keep happy thoughts until 2026, when hopefully this iconic Atlantic City airshow returns once again.
Visit Atlantic City and the New Jersey CRDA also deserve a shout out for keeping the Atlantic City airshow going in the recent past years.
Here are some great action photos through testers, taken by Mark Giannantonio, Harry Purdy, Greater Atlantic City Chamber of Commerce and United States military photos … featuring The Thunderbirds, The Blue Angels and Polaris Dawn:
Directly below is one of my favorite photos during an early morning set-up. Half of the Atlantic City sky was light and half was still dark. I had never seen anything like this before.
With Tony Orlando:
SOURCE: Regarding 2025 Atlantic City Airshow is the Greater Atlantic City Chamber of Commerce.
Below, are more great photo galleries of Atlantic City, Atlantic County, Cape May, New Jersey and more.
Gallery Credit: Harry Hurley
[carbongallery id="61a59067d62e676c43a1902"]
Gallery Credit: Harry Hurley
 

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Home » Lotto
By Lotto results
Journalist
4 minute read
19 Dec 2024
08:40 pm
Picture: iStock
Get the Daily Lotto results as soon as they are drawn on The Citizen.
The winning Daily Lotto numbers will appear below after the draw. Usually within 10 minutes of the draw. You might need to refresh the page to see the updated results.
While great care has been taken to ensure accuracy, The Citizen cannot take responsibility for any error in the Daily Lotto results. We suggest verifying the numbers on the National Lottery website.
For more details and to verify the Daily Lotto results, visit the National Lottery website.
The Daily Lotto draws take place at 9.30pm every evening and you can buy tickets up to 8.30pm.
Yes. The jackpot prize money is guaranteed to be given away even if no one matches all five numbers. When this happens the jackpot is split between everyone who matches two or more numbers.
Visit www.nationallottery.co.za and go to the How to Play Daily Lotto section to find out more.
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For track and field, novelty races don’t serve bigger goal of keeping the sport in spotlight  CBC.ca
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