GameStop Corp. shares more than doubled after the Reddit account that drove the meme-stock mania of 2021 posted what appeared to be a $116 million position in the game retailer. The June 2 screenshot by Keith Gill, who goes by DeepF— Value…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Claudia Sheinbaum is set to become Mexico’s first female leader after preliminary results showed her on course to win an…
A Monzo debit card being used at a payment terminal. Monzo Monzo, the British digital challenger bank, on Monday reported its first full year of profitability. The fintech startup said in annual financial results that its pre-tax profits totaled £15.4…
Rolex SA raised prices for some of its precious metal watches in the UK by 4% after the price of gold surged to record highs. The retail cost of the Rolex Daytona chronograph in white gold rose 4% to £38,700…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Indian markets hit record highs after exit polls forecast a landslide election win for Prime Minister Narendra Modi, whose third…
Meme stock GameStop is rallying again on speculation Keith Gill, the man who inspired 2021’s epic short squeeze, could currently have a huge position in the video game retailer. Gill, who goes by DeepF——Value on Reddit and Roaring Kitty on YouTube…
The European Central Bank could open the door to a weaker euro on Thursday as its first interest-rate cut of the cycle puts the region on a divergent policy path from the US. With a quarter-point reduction all but certain,…
China’s Ministry of State Security said MI6, Britain’s spy agency, recruited “employees of a central national agency” in a statement on Monday morning. The MSS said that a man surnamed Wang and his wife with the last name Zhou were…
Shein sign during its opening, at ABC Serrano, on 26 April, 2024 in Madrid, Spain. Alejandro Martinez Velez | Europa Press | Getty Images Online fashion firm Shein is preparing to file a prospectus with Britain’s Financial Conduct Authority for…
Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday, in a boon to the government that’s seeking funds to help pay for a massive economic transformation plan. The government had demand for all shares…