Investing

Coinbase shares dropped almost 15 per cent on Tuesday after the cryptocurrency exchange reported disappointing revenue for the third quarter and a shrinking number of active users, in a sign that feverish trading has calmed. Revenues in the third quarter were $1.31bn, a more than 300 per cent rise on the same quarter last year,

Before Facebook (FB) became popular, there were a number of social networking sites that captured the attention of users, at least for a time. Lack of strategic planning, poor timing, or just plain bad luck contributed to the failure of these social media sites to achieve staying power. Three, in particular, remain in memory as

AstraZeneca is creating a new division for vaccines and antibody therapies as the drugmaker commits to the business despite the shaky start for its Covid-19 shot. The Anglo-Swedish company confirmed the creation of the vaccines and immune therapies unit, saying it would bring together research and development, manufacturing, commercial and medical teams. “The team will

Residential property prices in some of London’s most prestigious boroughs shrank sharply during the pandemic, in stark contrast with strong growth across the rest of the country, official data showed. In the year to March 2021, the median price in Westminster, the City of London and Kensington and Chelsea fell by an annual rate varying

“Quants” is Wall Street’s name for market researchers who use quantitative analysis to develop profitable trading strategies. In short, a quant combs through price ratios and mathematical relationships between companies or trading vehicles in order to divine profitable trading opportunities. During the 1980s, a group of quants working for Morgan Stanley struck gold with a

When the Bank of England sprang a surprise last week by keeping interest rates on hold, the impact quickly spread beyond UK government bonds. The ensuing rally in the gilt market, as traders unwound their bets on UK rate rises, also jammed yields sharply lower on eurozone bonds and US Treasuries. The episode highlights how

Good morning. The Fed is worried about China all of a sudden. Welcome to the party, guys! If you are worried, too, or if you aren’t, email me at robert.armstrong@ft.com, or Ethan at ethan.wu@ft.com. A big red flag I was astonished by this article in The Wall Street Journal yesterday morning, pointing out that Chinese

As investors become more educated and savvy, they look for new and exciting ways to trade the markets. This often leads investors to seek out the concept of selling naked options. What does it mean to trade options naked? It doesn’t mean they are trading from a European beach somewhere getting a line-free tan, but

Newcrest Mining, Australia’s biggest gold miner, announced on Tuesday it would buy Canadian rival Pretium Resources in a deal worth about $2.8bn. The offer gives the Canadian miner an enterprise value of about C$3.5bn ($2.8bn), factoring in debt and $202.5m in cash. Already one of the 10 biggest gold miners in the world by production,

By Anthony Paletta The odds are strong that you do not live in an octagonal house, or know anyone who does, but the chance to do so has arisen in San Francisco. The Feusier Octagon House (pictured above), built in the 1850s, is one of only two remaining in the city, and is on the

As of today, November 8, 2021, the 15-year fixed mortgage rate is 2.45% and the 15-year jumbo mortgage rate is 3.08%. These rates are not the teaser rates you may see advertised online and based on our methodology should be more representative of what customers could expect to be quoted depending on their qualifications. You

Once a magnet for billions of dollars in investments and rapid job creation, Mexican monthly auto production and sales are languishing at their lowest levels in a decade as the industry is pummelled by the pandemic and semiconductor chip shortages. The chip problems felt around the world are hitting North America particularly hard, and Mexico

Polish officials accused Belarus of trying to engineer a confrontation on their common border, as a large group of migrants attempted to force its way into Poland from its eastern neighbour. Poland’s defence ministry on Monday shared aerial footage of migrants gathering on the Belarusian side of the border fence near the Polish village of

Berkshire Hathaway Inc. (BRK.A) released its 2020 annual report on Feb. 27, 2021, and the letter to shareholders from Chair Warren Buffett contains items of interest to Berkshire shareholders and the general investing public alike. Investopedia studied this letter and found five observations by Buffett that should be of particular interest, as summarized below. Key

PwC will create 20,000 jobs in China over the next five years as part of an Rmb8bn ($1.25bn) investment that will double the size of its presence in the country even as global businesses contend with increasing divisions between Beijing and the west. The Big Four accounting firm laid out its expansion plans for China

Good morning. I have eaten all the Halloween candy and I am crashing, which helps explain the generally bearish tone of today’s letter. Perhaps my bullishness will increase with the approach of Thanksgiving? Email me at robert.armstrong@ft.com or Ethan at ethan.wu@ft.com. What kind of real estate bubble is this, anyway? One of the common responses

The auto company that some Americans may still refer to as Chrysler is now part of a conglomerate called Stellantis NV (STLA) based in Amsterdam. Fiat Chrysler Automobiles officially merged with PSA Group, owner of the Peugeot automobile brand, in early 2021. The combination makes Stellantis the world’s fourth-largest automobile maker, with 14 vehicle brands

Elon Musk at the weekend asked Twitter users to decide whether he should sell more than $20bn worth of his Tesla shares and pay tax — and the online crowd responded with a resounding “yes”. Musk’s apparent willingness to cash in a tenth of his stock and incur a tax bill of more than $4bn

11/7/2021, 11:13:49 PM Signs of resurgent US economy send stocks to new peaks Joe Rennison and Colby Smith in New York Wall Street stocks are pushing ever further into uncharted territory as new data and corporate financials show that the economy and corporate America are still rebounding from the depths of the coronavirus crisis. The S&P 500 has

Rivian Automotive, founded by Robert “R.J.” Scaringe, is coming up fast in the rearview mirror of high-profile electric carmaker Tesla Inc. (TSLA). Largely unknown outside of automotive circles, the privately-held maker of premium electric sport utility vehicles (SUVs) and pickup trucks has yet to sell a vehicle. The company confidentially filed for an initial public

At the COP26 climate conference last week, activists awarded Norway their “Fossil of the Day” prize. It’s an accolade Oslo’s brand-new government could have done without at its first global outing. But it highlights the dilemma faced by Norway, as a big fossil fuel producer, and even more so by the EU, whose economy is

In this article F CZR SHOO Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters It seems each passing trading session brings a torrent of quarterly earnings and sharp swings for the stocks of the companies reporting results. Positive prints can have

It seems that nearly every economic conversation these days resolves around inflation. Each question seems to lead to another. Is it transitory? Will it get worse? If so, when? And for how long? Which of the many factors — including soaring post Covid-19 demand, supply chain shortages, fiscal and monetary stimulus, energy politics, or all

A company’s worth—or its total market value—is called its market capitalization, or “market cap.” A company’s market cap can be determined by multiplying the company’s stock price by the number of shares outstanding. The stock price is a relative and proportional value of a company’s worth. Therefore, it only represents a percentage change in a company’s

China reported dozens of new local coronavirus infections on Saturday, a day after the government reaffirmed its commitment to strict measures designed to limit the pandemic’s spread within its borders. The country’s National Health Commission on Sunday reported 74 new cases for the previous day, of which 50 were locally transmitted. A wave of cases

There is little common ground between Linacre College, a small seat of postgraduate learning in Oxford, and Arsenal, a football club based in north London. But both turn out to be highly marketable brands. Arsenal sold the naming rights on its stadium to Emirates as part of an initial 15-year deal in 2004, initially worth

Cost of Living in Texas vs. California: An Overview Texas and California are two of the largest states in the union, both in terms of population and geography. The cost of living can vary significantly between individual counties or cities within either state. That said, the average Californian faces higher costs of living than the

Investors propelled US stocks to a record high last week, buoyed by declining unemployment and advancements in the treatment of Covid-19 giving hope to a resurgent economy. The S&P 500 index of blue-chip US stocks, seen as a benchmark for the health of corporate America, rose 2 per cent for the week to Friday, its

Joe Biden’s effort to force companies to impose “vaccine or test” mandates on their employees has been put on hold after a federal appeals court ordered a stay on the new rule. A panel of three judges on the 5th US Circuit Court of Appeals in New Orleans ruled on Saturday that the president’s plans should

Key Takeaways Berkshire Hathaway beat analysts’ expectations on earnings and revenues but missed on operating earnings. Gains on its investment portfolio were down YOY, but operating earnings from all segments except insurance were up. Insurance posted a larger underwriting loss than in Q3 2020. Revenues increased YOY across business segments, reflecting the conglomerate’s broad exposure