Oil price slips on growing Covid-19 restrictions in China January 22, 2021 Oil prices fell today, weighed down by a build in US crude inventories and worries that new pandemic restrictions in China will curb fuel demand in the world's biggest oil importer
Budget 2021: Chancellor set to unveil mortgage guarantee scheme February 27, 2021 The Chancellor will use Wednesday’s Budget to unveil a new mortgage scheme aimed at getting tens of thousands of people onto the property ladder. Under the new programme, first time or current homeowners looking to buy a house of up to £600,000 will need a deposit of just five per cent to secure a mortgage. [...]
BT in talks with Oneweb over satellite broadband rollout February 2, 2021 BT is in discussions over the potential use of Oneweb satellites to help roll out broadband to the most remote parts of the UK. The telecoms giant is in early stage talks to explore how satellite constellations could be used to beam internet services to rural areas that are too difficult or expensive to reach [...]
Robinhood raises $2.4bn in second cash injection as Reddit investors overwhelm app February 1, 2021 Robinhood has raised another $2.4bn from its shareholders after a turbulent week amid a surge of new investors piling into Gamestop. The online trading app today confirmed it had raised $3.4bn to invest in “record customer growth” including a $1bn injection on 29 January. Last week Reddit day traders flocked to Gamestop lifting its share [...]
Robinhood raises $1bn from investors amid GameStop frenzy January 29, 2021 Trading platform Robinhood is raising an infusion of more than $1bn from its investors, having been strained by high volumes of trading this week. On Thursday, the company was forced to stop customers from buying stocks that were heavily traded, such as struggling videogame retailer GameStop. According to a New York Times report, the company [...]
Signal down: Messaging app stops working after surge in new users January 15, 2021 Messaging app Signal has stopped working in the wake of a huge surge in new users. The social media platform, which bills itself as a more privacy-focused alternative to the incumbent tech giants, suffered glitches this afternoon that prevented messages from sending. There was a spike in users reporting problems with connection and logging in [...]
Cash is still king for the majority of UK investors February 9, 2021 Cautious Brits have continued to pile money into cash savings even as interest rates remain at record lows. Some 70 per cent of Brits have put their money into cash savings with a further 38 per cent putting more in over the next year, according to research commissioned by broker HYCM. It comes even after [...]
Bitcoin boom delivers cryptocurrency $1 trillion market cap February 19, 2021 Bitcoin has for the first time hit a market cap of $1 trillion, following a month that saw the cryptocurrency rocket more than 60 per cent in value. The world’s most popular cryptocurrency is now worth nearly $54,000 at the time of writing, a new all-time high. Bitcoin’s gains have been fueled by signs it [...]
Virgin Galactic’s shares rocket as Branson completes first fully crewed space flight July 12, 2021 Virgin Galactic’s shares jumped this morning after it successfully completed its first fully crewed space flight yesterday, with billionaire founder Sir Richard Branson on board. While Branson didn’t make it to the moon, Virgin Galactic’s shares might. The New Mexico-based company’s stock jumped as much as 22 per cent premarket this morning. Virgin Galactic’s shares [...]
The prodigal son returns: The hunger for Bitcoin signals an appetite for hard money August 19, 2021 This week marks 50 years since President Richard Nixon announced the US would abandon the Gold Standard. Instead of redeeming the dollar in gold, the government allowed its value to float freely on the market. So began a sharp devaluation of the world’s reserve currency of choice under the US-led Bretton Woods system. Priced in [...]