How do you classify a company that’s not just in the luxury hospitality game, but setting out to change its rules? As a sector shaker-upper? A pathfinder? Putting labels aside, Boston’s own Blue Flag Capital is truly proving its mettle. In under a decade, the firm has rapidly climbed the ranks in the realms of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spotify will axe almost a fifth of its workforce after warning that economic growth had slowed dramatically and it needed to cut costs as the music streaming giant seeks to turn subscriber growth into consistent
Bitcoin (BTC), the original cryptocurrency, is gaining momentum versus global big-cap stocks as it overtakes the market value of American conglomerate holding company Berkshire Hathaway. BTC market cap has risen above $800 billion on Dec. 4, after nudging past billionaire investor Warren Buffet’s company on Dec. 3. BTC market cap has risen above $800 billion
The price of Bitcoin (BTC) should “logically” undergo a correction once spot Bitcoin exchange-traded funds (ETFs) are approved, though commentators also concede that crypto is also a “wild card.” Bitcoin has been gaining momentum over the last 11 months, with a jump in March amid banking uncertainty, another spike in June when BlackRock filed for a
The price of gold has broken through a new all-time high, surpassing the significant level of $2,100 during the Asian session on Monday, Dec. 4. Meanwhile, Bitcoin (BTC) has also surged above $41,000 for the first time in 19 months. BTC/USD (blue) vs. gold price (orange) Source: Tradingview Bitcoin price breaks $40K…and $41K Bitcoin has
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS has sold the Credit Suisse corporate jet that the collapsed bank’s then-chair, António Horta-Osório, used when breaching Covid lockdown rules to attend high-profile sporting events. The Dassault Falcon 7X was sold in recent weeks
“At business school,” said the seasoned banker, “they teach you a simple lesson — if a company is trading for a sustained period below the value of its net assets then it should be closed down or broken up.” A study by Boston Consulting Group, due to be published next month but foreshadowed at the
In 2020, BlackRock chief executive Larry Fink put the world’s largest money manager squarely behind the cause of purpose-driven investing. “Climate change is different” from other financial challenges, he wrote in his closely watched annual letter to corporate chief executives. Fink promised “a fundamental reshaping of finance” that would put “sustainability at the centre of
NANJING, CHINA – AUGUST 18, 2023 – Aerial photo shows a residential area of Evergrande in Nanjing, East China’s Jiangsu province, Aug 18, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Getty Images Shares of Evergrande Group rose over 9% as the beleaguered Chinese property firm’s court hearing over its possible liquidation was postponed to Jan.
The United States needs to formally investigate using proof-of-work networks such as Bitcoin (BTC) to protect the country from cyber-inflicted warfare, according to Jason Lowery, a member of the United States Space Force. In a four-page letter to the U.S. Defense Innovation Board on Dec. 2, Lowery explained that while Bitcoin is mostly seen as a “monetary
Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. The writer is a former Nato secretary-general This week, EU leaders will touch down in Beijing for the first in-person EU-China summit in four years. The meeting comes at a moment of geopolitical
Sir Keir Starmer, head of the UK’s opposition Labour party, has heaped praise on Margaret Thatcher in a pitch to Tory voters, provoking a backlash from both leftwing activists and the Conservative party. Starmer chose The Telegraph, the rightwing newspaper considered the house journal of Tory members, as the platform for his thoughts on the
Bitcoin (BTC) has reached the $40,000 level for the first time since April 2022, climbing around 2% in 24 hours. Bitcoin surged from under $39,500 to strike above $40,000 on Dec. 3, according to CoinGecko. It also marks a new year-to-date high for Bitcoin, which is up over 140% since Jan. 1. The price of
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. EU leaders risk leaving Ukraine empty-handed at a perilous moment in its war against Russia as divisions over finances threaten a €50bn lifeline for Kyiv and Hungary vows to thwart its EU membership talks.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A US warship and several commercial vessels came under attack in the Red Sea on Sunday, according to the Pentagon, in a potential escalation of the fallout from Israel’s conflict with Hamas in a vital
Bitcoin (BTC) finally broke above the formidable resistance of $38,000 in the past week and marched closer to $40,000. This move shows that Bitcoin’s trajectory remains up. The bulls will try to maintain the momentum and achieve a strong close to the year, while the bears will try to pull the price down. The major
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Evergrande’s international creditors are pressing for a last-minute agreement to avert a court order to liquidate the highly indebted Chinese property developer. Investors in Evergrande’s debt have been talking to the company about various restructuring
Artist Elizabeth Sutton is a true trailblazer. While many new artists struggle to support themselves entirely through art, Sutton’s approach and unique aesthetic have made her truly shine. While her heart has always been in painting, she’s also made a name for herself through licensing with everything from kitchen and bathroom tiles in collaboration with
Stay informed with free updates Simply sign up to the EU economy myFT Digest — delivered directly to your inbox. As Greece sank into the mother of all debt crises in 2010, the German tabloid Bild ran a story under the headline: “Sell your islands, you bankrupt Greeks! And sell the Acropolis, too!” One former
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has ordered Palestinians in Gaza to evacuate a large area of land in the south of the strip, while stepping up an aerial bombardment that has killed hundreds of people since a fragile truce
In this article WMT HD VICI SUN ET Follow your favorite stocksCREATE FREE ACCOUNT A Home Depot location in Encinitas, California. Mike Blake | Reuters With the late 2023 rally underway, investors can bolster their portfolios by adding a select group of dividend payers into the mix. Dividend-paying stocks give investors a combination of potential