Apple acquisitions: Tech giant buys a company every three to four weeks February 24, 2021 As the giants of Silicon Valley jostle for pole position in the escalating technology arms race, mergers and acquisitions are often the name of the game. But the scale of Big Tech acquisitiveness has been laid bare after Apple boss Tim Cook revealed his company has snapped up roughly 100 companies over the last six [...]
Elon’s Bitcoin bet hands Jeff Bezos back title of world’s richest person February 23, 2021 Elon Musk is now merely the second richest person alive, after the eccentric entrepreneur’s Tesla ploughed $1.5bn dollars into Bitcoin, which has plummeted in value in recent days. Tesla’s share price has fallen around 25 per cent from its peak, amid sell-off of high-flying technology stocks. Tesla’s fall was compounded still by the fall in [...]
Easy does it for travel and leisure as they underpin the FTSE 100 today February 23, 2021 After a promising start European markets struggled to maintain their early market optimism today. However, some decent gains continue in the likes of travel and leisure stocks, with multi-month highs in a lot of cases. Over the last three days this renewed buoyancy has been evident in anticipation of a possible reopening, and with a [...]
Tesla rival Lucid Motors gears up for $24bn stock market float February 23, 2021 A luxury electric vehicle maker looking to challenge the dominance of Elon Musk’s Tesla is set to go public in a blank cheque deal that will value it at $24bn (£17bn). California-based Lucid Motors has agreed to merge with Churchill Capital IV, a special purpose acquisition company (Spac) set up by former Citigroup banker Michael [...]
Crypto selloff sends Bitcoin tumbling below $50,000 February 23, 2021 Bitcoin tumbled this morning as investors ditched cryptocurrencies amid nervousness over sky-high valuations. Bitcoin suffered its biggest daily drop in a month to fall as low as $45,000 before recovering to just over $48,500. Ethereum is also down more than 18 per cent to $1,512. It follows Monday’s crash which saw Bitcoin plunge from $58,000 [...]
Are politicians tech-savvy enough to tackle social media giants? February 22, 2021 The news has been full of tech stories in what little we’ve seen of 2021: Facebook’s decision to ban news content on its site in Australia, Google’s threat to withdraw its service altogether from Australian users in light of legislation which would oblige tech platforms to pay for news, and Twitter’s intervention by suspending former [...]
Bitcoin’s market cap crosses $1 trillion as ETFs start trading February 22, 2021 A look at what's moving Bitcoin as the market cap crosses $1 trillion and ETFs start trading.
Ether breaks $2,000, Bitcoin breaks a trillion market cap, and Elon Musk is still loving crypto February 22, 2021 A round-up of today's crypto world as Ether breaks $2,000, Bitcoin breaks a trillion market cap, and Elon Musk is still loving crypto.
G7 leaders commit to green Covid-19 recovery led by free trade February 19, 2021 The leaders of the G7 economies today committed to delivering a green recovery from the coronavirus pandemic at a meeting chaired by Prime Minister Boris Johnson. The group – which is made up of the UK, US, Japan, Italy, France, Germany, and Canada – pledged to support free trade and co-operation in the face of [...]
Bitcoin boom delivers cryptocurrency $1 trillion market cap February 19, 2021 Bitcoin has for the first time hit a market cap of $1 trillion, following a month that saw the cryptocurrency rocket more than 60 per cent in value. The world’s most popular cryptocurrency is now worth nearly $54,000 at the time of writing, a new all-time high. Bitcoin’s gains have been fueled by signs it [...]