GameStop rises on Wall St open as FCA issues trading warning January 29, 2021 GameStop stock was up more than 100 per cent as US markets opened today, as popular trading platform Robinhood eased restrictions on buying into the stock. The army of small investors behind this week’s dramatic squeeze on Wall Street hedge funds returned to drive shares in GameStop and other hot companies higher on Friday as online broker [...]
Olympic chiefs expected to press ahead and draw up plans for Tokyo 2020 Games in summer 2021 despite Covid-19 concerns January 26, 2021 The International Olympic Committee (IOC) will meet tomorrow to draw up plans for the delayed Tokyo 2020 Games, despite persistent speculation of a Covid-enforced cancellation. Wednesday’s video meeting of the IOC’s executive board is expected to focus on how it will ensure the vaccination of athletes, manage international visitors and accommodate spectators. The Japanese government, [...]
Worlds collide: Non-fungible tokens could bring new use-cases to decentralised finance April 1, 2021 If you’ve been watching the crypto scene or even following trends among your favourite artists, you’ve probably heard the term ‘non-fungible tokens’ (‘NFTs’ for short). NFTs are having their spot in the limelight: over $200 million has been spent on NFT artwork in just this past month alone. NFTs are taking their place in pop [...]
Wall Street closes lower as inflation jitters spark broad sell-off May 11, 2021 US stocks closed lower today as rising commodity prices and labor shortages fed fears that despite reassurances from the US Federal Reserve, near-term price spikes could translate into longer-term inflation. While all three indexes pared their losses from session lows, the sell-off was fairly evenly dispersed across the sectors. The Dow Jones Industrial Average fell [...]
City Moves: Who’s switching jobs in the Square Mile this week? August 11, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Former Tesco director joins London’s Interpath as special advisor London-headquartered firm Interpath Advisory has appointed former Tesco director and retail veteran Christine Cross as a special advisor for the business. Cross’ extensive non-executive and advisory board [...]
Are Bitcoin’s positives being drowned out by negative economic noise? January 21, 2022 Jason Deane points out the numerous positives about Bitcoin that are getting lost in the fog of negative news narratives.
Cryptocurrency slump tempered by trend of ‘buy the dip!’ November 17, 2021 Bitcoin continues to hover around the $60k mark, down two per cent over the past 24 hours at time of writing and 10 per cent over the past seven days.
Travel dreams: Where City A.M. staffers want to visit next January 29, 2021 As we approach the end of yet another month of lockdown, we asked the staff at City A.M. where they want to travel for their first post-coronavirus excursion. From the chilly wilds of Sweden to the neon-soaked streets of Tokyo, let us take you on a meandering journey through the psyche of our journalists. Andy [...]
Daily Mail publisher lifts dividend despite Covid-19 profit hit November 23, 2020 The publishing group behind the Daily Mail and the Mail on Sunday today said it will hike its full-year dividend, despite seeing its profit slashed in half due to the coronavirus pandemic. The figures Daily Mail and General Trust (DMGT) posted revenue of £1.2bn in the year to the end of September, down 14 per [...]
BBC to slash programme spend by £400m amid funding squeeze February 3, 2021 The BBC has warned it will have to make significant cuts to programmes and services due to a squeeze on its funding and growing pressure from streaming rivals. The public service broadcaster said it expects to make roughly £408m in content cuts in the upcoming financial year in a bid to shore up its finances. [...]