The Financial Times

A new survey revealed that hedge funds across the globe expect to considerably increase their crypto holdings within the next five years. What Happened: According to a report from Financial Times, North American fund managers expect to have as much as 10.6% of exposure to cryptocurrency, while...

Tesla Inc. (NASDAQ: TSLA) has threatened Chinese bloggers with defamation lawsuits for posting negative content about the electric vehicle maker, the Financial Times reported Thursday. What Happened: Some bloggers claimed that an account recently set up by Tesla on the Chinese microblog Weibo for...

New data suggests that interest on Reddit has switched from meme stocks to cryptocurrencies. What Happened: According to a report from the Financial Times, Reddit’s cryptocurrency forum “r/Cryptocurrency” has garnered more traction from retail traders than popular meme...

What Happened: Bitcoin’s implied volatility spiked to a new high after the asset fell from $58,000 to $45,000 over the past week. The leading digital asset saw its price dip shortly after Tesla Inc (NASDAQ: TSLA) CEO Elon Musk backtracked on his “pro-Bitcoin” stance, first...

Major currency trading bank Citigroup Inc. (NYSE: C) is considering the launch of services dedicated to Bitcoin (CRYPTO: BTC) and other crypto assets. What Happened: According to The Financial Times report, Citigroup's global head of foreign exchange Itay Tuchman said that the...

In addition to the demand for COVID-19 shots outstripping supply, vaccine manufacturers are struggling to secure supplies of giant plastic bags used in bioreactors that mix pharmaceutical ingredients, thus creating a bottleneck, resulting in more delays of vaccine rollout, the Financial Times...

Apple Inc (NASDAQ: AAPL) was in discussions with Nissan Motor Co., Ltd (OTC: NSANY) for its autonomous vehicle project, the Financial Times reported Monday. What Happened: The two companies made a fleeting contact and talks did not involve senior members of the management, people familiar with...

Microsoft Corporation (NASDAQ: MSFT) held talks with Pinterest Inc (NYSE: PINS) related to a possible acquisition, the Financial Times reported Wednesday. What Happened: There are currently no active negotiations between the companies, people familiar with the matter told FT. The stock of the $51...

Alibaba Group Holding Ltd (NYSE: BABA) subsidiary Ant Group is planning to sell a key biometric security company it owns in the United States, the Financial Times reported Tuesday. What Happened: The Chinese fintech is looking to sell the Kansas City, Missouri-based EyeVerify in the first half of...

Lucid Motors is in talks with Saudi Arabia’s sovereign wealth fund to build an electric vehicle manufacturing facility in the country, the fund’s Governor Yasir Al-Rumayyan told the Financial Times. The Public Investment Fund had acquired a 67% stake in the EV maker for about $1.3...

Airbnb hosts are skirting the platform's rules to book more customers at their properties privately, rather than through Airbnb. What Happened: More and more Airbnb Inc (NASDAQ: ABNB) hosts are bending or breaking Airbnb's rules and treating the platform as a marketing tool for...

China’s government is asking the country’s media to censor reporting surrounding Alibaba Group Holding Ltd (NYSE: BABA) and the ongoing investigations related to the company, the Financial Times reported Thursday. What Happened: The Chinese government’s propaganda arm instructed...

Businesses scrambled to raise money in 2020 as the COVID-19 pandemic forced companies to shore up weak balance sheets and raise capital. Apart from that, 2020 was the second-best year for IPOs after 2007, raising $300 billion globally.  The top five U.S. investment banks were at the...

Amazon.com, Inc (NASDAQ: AMZN) is on course for $100 billion in quarterly revenue as the pandemic has led to an online shopping surge, the Financial Times reports. As shoppers have flocked online, Amazon has also seen a boost in advertising revenue. According to FactSet, the e-tailer is...

2020 was the second-best year for the market listings after 2007, the Financial Times reports. After the COVID-19 pandemic hit U.S markets in March, equity valuations rebounded, making way for initial public offerings (IPO) and blank-check acquisition vehicles. What Happened: As per...