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Facebook’s acquisition of Giphy raises competition concerns, U.K. watchdog says
KEY POINTS The Competition and Markets Authority launched the first phase of its investigation on Jan. 28. The CMA said…
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Crypto is a ‘speculative vehicle’ and should be regulated, says boss of central bank group BIS
KEY POINTS Cryptocurrencies should face more regulation, according to the Bank for International Settlements’ Agustin Carstens. Tokens like bitcoin are…
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Elon Musk says people can now buy a Tesla with bitcoin
KEY POINTS The automaker last month revealed that it had bought $1.5 billion worth of bitcoin. People outside the U.S.…
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GameStop shares fall 33% on lack of transformation detail, possible share sale
KEY POINTS GameStop missed on the top and bottom lines of its quarterly results, but e-commerce sales jumped 175% last…
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Stocks making the biggest moves midday: Peloton, AstraZeneca, Boeing & more
Check out the companies making headlines in midday trading. Microsoft — Shares of the tech giant jumped about 1.5% as the…
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Amazon stands to win big on Deliveroo’s IPO
KEY POINTS Deliveroo’s IPO will value the company between £7.6 billion and £8.8 billion, which is higher than previous reports…
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U.S. jury tells Apple to pay $308.5 million for patent infringement
(Reuters) – A federal jury in Texas said Apple Inc must pay about $308.5 million to Personalized Media Communications LLC…
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Coinbase pays $6.5 million to settle U.S. false reporting charges
WASHINGTON (Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) said on Friday digital asset exchange Coinbase Inc paid $6.5…
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Pandemic leaves digital laggard Italy scrambling to catch up
MILAN (Reuters) – Small Italian car filter supplier Ecofiltri took out a state-backed loan last year, just like thousands of…
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Apple accused of breaching European privacy law by French start-up group
KEY POINTS France Digitale, which has around 2,000 members, filed a seven-page complaint, with the Commission Nationale de l’Informatique et…
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Microsoft closes $7.5 billion Bethesda acquisition, aiming to take on Sony with exclusive games
KEY POINTS Microsoft has closed its $7.5 billion acquisition of ZeniMax, the parent company of Bethesda. Microsoft confirmed that some…
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Dollar hits three-and-a-half month high on firmer U.S. yields
CNBC- The U.S. dollar hit a 3-1/2 month high on Monday as elevated U.S. Treasury yields spooked investors and boosted…
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