Burry of ‘Big Short’ fame reveals large bearish bet against Tesla
The family office run by “Big Short” investor Michael Burry has disclosed a large bearish bet via options on Tesla Inc (TSLA.O).
London’s ‘Golden Age’ as Europe’s financial capital is over, says NatWest chair
The City of London’s ‘Golden Age’ as Europe’s financial capital is over following Brexit, but it will remain a major and profitable centre, NatWest (NWG.L) bank chairman Howard Davies said on Tuesday.
China bans financial, payment institutions from cryptocurrency business
China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading.
Biden pitches $174 bln EV plan in Michigan, takes truck for a spin
President Joe Biden made the case on Tuesday for his $174 billion electric-vehicle proposal, urging automakers not to build zero-emission vehicles abroad for U.S. consumers – and even got to take a new zero-emission truck out for a drive.
Italy’s Berlusconi family sells Mediobanca stake
Former Italian Prime Minister Silvio Berlusconi’s family has sold its 2% stake in Mediobanca (MDBI.MI), in the latest change affecting the shareholder base of Italy’s top investment bank.
EEX market leader in Japan power futures after first year
The European Energy Exchange (EEX) could double the number of participants in its Japanese power futures market from around 20 players in 2021, having traded over 3 terawatt hours (TWh) in its first 12 months, executives said.
Germany’s 2021 election and why it matters to markets
It’s rare for German elections to be exciting, market-moving events but the one on Sept. 26 may prove the exception if its outcome completes the transformation of a nation long wedded to austerity into a big spender. The election will end Angela Merkel’s 16-year stint at the helm of Europe’s biggest economy, and the Greens […]
When Biden meets Putin: old foes could cool off but not reset
The United States and Russia are lowering expectations for big breakthroughs at a superpower summit between U.S. President Joe Biden and Russian President Vladimir Putin, with the adversaries in no mood to make concessions on their bitter disagreements. The summit details – location, time and agenda – are still being negotiated by the two sides […]
Analysis: Cryptocurrency ethereum is flourishing but risks linger
Ethereum has outperformed major digital currency rivals this year, bolstered by the surge in decentralized finance (DeFi) and the anticipation of a technical adjustment this summer, but it faces hurdles that could stall its rise. With a jump of more than 350% in its price this year, ethereum has the second-largest market capitalization after bitcoin, […]
Is it over yet? Still no recession end date as U.S. economy hums along
The U.S. economy is growing at its fastest rate since the early 1980s while household bank accounts are bulging with cash doled out by the federal government to blunt the impact of the coronavirus pandemic. Over 900,000 jobs were added in March and a Reuters poll of economists expectsjust under one million more for April, […]
