a bold story with a fairytale valuation

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Once upon a time, Robinhood merely offered trading in companies with outlandish valuations. Now, the online broker has become one itself. Founder Vlad Tenev is building a fast-expanding empire whose affinity with cryptocurrencies fits the … Read more

The US throws a lifeline to the green hydrogen industry — will it be enough?

This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Welcome to Energy Source, coming to you from New York. Donald Trump has continued to wage his trade … Read more

selling new shares to pay dividends

Stay informed with free updates Simply sign up to the Digital currencies myFT Digest — delivered directly to your inbox. Michael Saylor’s company Strategy, formerly known as MicroStrategy, doesn’t just believe in bitcoin — it has staked its entire future on it. Since pivoting from enterprise software to crypto back in August 2020, it has … Read more

Blackstone-owned casino operator Cirsa holds steady on market debut

Stay informed with free updates Simply sign up to the Travel & leisure industry myFT Digest — delivered directly to your inbox. Shares in Spanish casino operator Cirsa held steady on the company’s stock market debut in Barcelona after the Blackstone-owned company pressed ahead with its initial public offering in the face of heightened stock … Read more

Barry Callebaut cuts outlook again on ‘unprecedented’ cocoa volatility

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Barry Callebaut has lowered its outlook for the third time this year due to “unprecedented” disruption caused by wild swings in cocoa prices, sending shares in the Swiss chocolatier down 13 per cent on Thursday. … Read more

Tokenised money market funds: pseudo-money

This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. Yesterday President Donald Trump threatened Brazil, which the US ran a trade surplus of $24bn with in 2023, … Read more