Cryptoverse: Bitcoin wants to break its bond with stocks

Nov 1 (Reuters) – After months of tears and tantrums, bitcoin wants to split up with stock markets. The cryptocurrency, which has been closely correlated with tech stocks for much of its torrid 2022, is staging one of its strongest efforts yet to break away. Its 30-day correlation with the Nasdaq (.IXIC) slid to 0.26 … Read more

Cryptoverse: British pound fiasco boosts bitcoin’s hedge appeal

Oct 25 (Reuters) – As a developed nation, you know your currency’s in a spot of bother when investors start to hedge with bitcoin. After Britain’s brief Prime Minister Liz Truss unleashed her mini-budget on Sept. 23, filling financial markets with dread, a section of investors stampeded away from the pound and towards the cryptocurrency … Read more

Cryptoverse: Flurry of funds bet on bruised bitcoin’s allure

Oct 18 (Reuters) – A growing number of funds are betting on the long-term appeal of bitcoin and ether, a gritty gambit in the depths of a crypto winter. Unfazed by a collapse in prices over the past 11 months, investment firms have unleashed a flurry of exchange-traded funds, anticipating that elite cryptocurrencies and their … Read more

Cryptoverse: Flurry of funds bet on bruised bitcoin’s allure

Oct 18 (Reuters) – A growing number of funds are betting on the long-term appeal of bitcoin and ether, a gritty gambit in the depths of a crypto winter. Unfazed by a collapse in prices over the past 11 months, investment firms have unleashed a flurry of exchange-traded funds, anticipating that elite cryptocurrencies and their … Read more

Toshiba shares jump on report of possible Japanese-led $19 bln bid

TOKYO, Oct 13 (Reuters) – Toshiba Corp’s (6502.T) shares rose 7% on Thursday on a report of a potential Japanese-led $19 billion bid that could lead to foreign activist investors being bought out after years of tension. A consortium led by private equity firm Japan Industrial Partners has been given preferred status in a second … Read more

Cryptoverse: Hack jitters push bitcoin investors back to the future

Oct 11 (Reuters) – It’s not easy being a crypto investor. They’ve seen the value of their holdings drop like a brick this year, and now many are stewing over the safety of their crypto cash after a series of heists that’s seen around $2 billion spirited away by hackers. Enter the ghost of technology’s … Read more

French TV shares slump after merger to challenge Netflix collapse

A view shows the headquarters of French television group M6 in Neuilly-sur-Seine, near Paris, France, May 21, 2021. REUTERS/Sarah Meyssonnier/File Photo Sign up now for unlimited FREE access to Reuters.com List PARIS/MILAN, Sep 19 (Reuters) – The collapse of a deal to form a French TV giant to challenge US streaming services like Netflix (NFLX.O) … Read more

From burgers to gadgets, stressed consumers buy cheap

NEW YORK/LONDON, July 26 (Reuters) – Some global consumers are showing signs of cracking as shoppers stressed by record inflation stick to buying staples like food, bleach and cheap burgers, while those with larger bank accounts are buying $3,000 at Louis Vuitton. handbags Investors are closely watching second-quarter corporate results for signs that economies are … Read more

Netflix gives green light to ‘Stranger Things’ spinoff series to help build franchise

LOS ANGELES, July 6 (Reuters) – Netflix Inc (NFLX.O) said Wednesday it is developing a spinoff of the science fiction series “Stranger Things” as the streaming service works to build its biggest English-language hit into a wide-ranging entertainment franchise. The new series will be based on an original idea by Matt and Ross Duffer, the … Read more

Intel freezes hiring in PC chip division for at least two weeks

The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register June 8 (Reuters) – Intel Corp (INTC.O) has frozen hiring in the division responsible for PC desktop … Read more