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Few tales in corporate finance are as audacious, bewildering, or downright entertaining as that of the company formerly known as MicroStrategy. This once-humdrum business-software vendor has transformed into a high-octane bitcoin investment vehicle under the flamboyant leadership of Michael Saylor, its co-founder and executive chair. The company, now called Strategy, holds nearly 500,000 bitcoins, equivalent … Read more
Every so often a reader suggests I pen a book about investing. They’re obviously confusing you with someone else I hear you laugh. Why don’t you call it: “How to miss a fortune in US stocks.” Very funny. Anyway, relax. I wouldn’t dare. An old colleague of mine on the Lex column, Spencer Jakab, has … Read more
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Gold surged to a record high above $3,000 per troy ounce, as fears over the threat to global growth from Donald Trump’s trade war push investors into the safe haven metal. The price … Read more
An asteroid-chasing spacecraft just swung past Mars on Wednesday. As it zipped by, it took hundreds of shots of the Red Planet, as well as several snaps of Deimos, one of the two small Martian moons. The operators of the European Space Agency’s Hera spacecraft were bewitched by the sci-fi aesthetics of the pictures. “We … Read more
Four astronauts are hoping that Friday is the day that they’ll get to head to the International Space Station. They were all ready to go on Wednesday after putting on their spacesuits and boarding their SpaceX spacecraft atop a Falcon 9 rocket at NASA’s Kennedy Space Center in Florida. But with less than 45 minutes … Read more
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. Abu Dhabi’s MGX is ploughing $2bn into Binance in one of the digital asset industry’s largest-ever deals and the first institutional investment into the world’s biggest cryptocurrency exchange. The minority stake would be paid for in … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese equities hit their highest level this year, defying a decline in the US stock market that pushed it into correction territory overnight amid hopes of further policy support for consumption in Asia’s largest economy. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A French high-speed trading firm has urged Europe’s top markets regulator to close what it says is a loophole at futures exchange Eurex that gives some traders an “unfair” advantage. Paris-based Mosaic Finance, which specialises … Read more
The US Treasury secretary this month insisted Donald Trump had not changed America’s long-standing “strong dollar” policy. But investors have been puzzling over the president’s aims for the currency as some of his allies tout the benefits of a softer greenback for manufacturers. Many global currencies have recently appreciated against the dollar, but that is … Read more