World

Wall Street launches new ways to bet on bitcoin

For years, bitcoin won by being boring. Investors weren’t able to do all that much with it besides buy and hold it. But that was precisely why the world’s largest cryptocurrency was valuable. It was a commodity, like gold — or corn. It didn’t get too fancy on its offerings. In fact, bitcoin’s core team of developers has intentionally moved …

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Warren Buffett speaks out against creating family wealth dynasties, gives away another $1.1 billion

Warren Buffett David A. Grogan | CNBC Warren Buffett, who has amassed a $150 billion personal fortune, made a case against creating “dynastic” wealth as he named three independent trustees to oversee his philanthropy following his children and donated an additional $1.1 billion in Berkshire Hathaway stock to his family’s four foundations. Instead of leaving his three children an enormous inheritance, the 94-year-old …

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UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion

A logo on the UniCredit SpA headquarters in Milan, Italy, on Saturday Jan. 22, 2022. Bloomberg | Getty Images Italian lender UniCredit on Monday offered to snap up its domestic rival Banco BPM for roughly 10 billion euros ($10.5 billion) in a move it says is separate from its pursuit of German bank Commerzbank. The deal would, if completed, merge …

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Virgin Atlantic CEO says UK’s Labour budget is ‘tax on growth’

Shai Weiss, chief executive officer of Virgin Atlantic Airways Ltd., on day two of the Farnborough International Airshow in Farnborough, UK, on Tuesday, July 23, 2024.  Bloomberg | Bloomberg | Getty Images LONDON –  Virgin Atlantic CEO Shai Weiss on Monday said the U.K. Labour government’s landmark October budget presented a “tax on growth” due to higher rates placed on …

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Mohamed Salah casts doubt on Liverpool future ahead of Real Madrid showdown: ‘I am probably more out than in’

Mohamed Salah has thrown his Liverpool future into fresh doubt after admitting that he is “probably more out than in” regarding a contract extension at Anfield. The Egypt international’s current deal expires at the end of this season and his future has been a subject of speculation for some time. Salah has 223 goals from 367 games for the Reds …

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What Trump’s Treasury pick could mean for markets

Scott Bessent speaks at the National Conservative Conference in Washington D.C., Wednesday, July 10, 2024. Dominic Gwinn | Afp | Getty Images Financial markets on Monday welcomed President-elect Donald Trump’s pick for U.S. Treasury secretary, with currencies across the globe rallying on hopes that hedge fund manager Scott Bessent can take some of the sting out of Trump’s more extreme …

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