Bitcoin hits new record high above $111,000 as rally marches on

Romain Costaseca | Afp | Getty Images Bitcoin continued its rally on Thursday, hitting a brand new record high above $111,000. Bitcoin hit $111,886.41 in early trading hours in London, according to Coin Metrics, before paring some of those gains to trade at around $111,012.00 at 07:03 a.m. London. Bitcoin’s move has been “driven by a mix of positive…

Russia’s struggling war economy might be what finally drives Moscow to the negotiating table

Russian President Vladimir Putin tours an exhibition at the Central Museum of the Great Patriotic War on Poklonnaya Gora in Moscow, Russia, April 30, 2025. Alexander Kazakov | Via Reuters Russia has shown little appetite for peace negotiations with Ukraine, despite Moscow making a show of what war experts described as “performative ceasefires,” and a…

How a Schroders fund manager doubled returns on a ‘rubbish’ stock in 3 months

No stock is off the table for Simon Adler, a value investor at Schroders. “We are happy to buy the worst business you have ever conceived, provided it is cheap enough,” Adler told the Value Investor conference of fund managers in London on Wednesday. Adler co-manages the Global Recovery, Global Income and Global Sustainable Value…

Israeli Embassy staffers shot dead outside D.C.’s Capital Jewish Museum

The flag of Israel is projected onto 10 Downing Street, in London, Britain, October 8, 2023. Clodagh Kilcoyne | Reuters Two staff members of Israel’s Embassy in Washington, D.C., were shot dead outside the district’s Capital Jewish Museum, officials said, in what Israel’s ambassador to the United Nations called a “depraved act of anti-Semitic terrorism.”…

Xpeng shares soar 10% in Hong Kong as Chinese carmaker forecasts upbeat revenue

Guangzhou-based Xpeng is one of several Chinese electric car companies that’s started to expand overseas. Feature China | Future Publishing | Getty Images Chinese electric-vehicle maker Xpeng saw its shares in Hong Kong surge over 10% Thursday following upbeat earnings and stronger-than-expected revenue forecast for the second quarter. Its shares soared as much as 10.2%…

Asia-Pacific markets fall, tracking declines on Wall Street

Emerging markets said to see the next bull run as the ‘sell U.S.’ narrative gains ground Emerging markets stocks are in the spotlight again as the “sell U.S.” narrative gains fresh momentum, following Moody’s recent downgrade of the U.S. credit rating. The Bank of America heralded emerging markets as “the next bull market” recently.  “Weaker…

Emerging markets said to see the next bull run as the ‘sell U.S.’ narrative gains ground

Traffic outside the Central Bank of Brazil headquarters in Brasilia, Brazil, on Monday, June 17, 2024. Bloomberg | Bloomberg | Getty Images Emerging markets stocks are in the spotlight again as the “sell U.S.” narrative gained fresh momentum, following Moody’s recent downgrade of the U.S. credit rating. The Bank of America heralded emerging markets as…

White House crypto czar David Sacks says stablecoin bill will unlock ‘trillions’ for U.S. Treasury

U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. Evelyn Hockstein | Reuters President Donald Trump‘s top crypto and AI advisor David Sacks said Wednesday that the administration expects the stablecoin legislation moving through the Senate…