PayPal Holdings has reportedly attracted unsolicited takeover interest after a prolonged stock slump left the payments giant trading well below recent highs, signaling that competitors were looking to consolidate their footprint in the digital payments space. Citing people familiar with the matter, Bloomberg reported Monday that PayPal has been meeting with banks to review buyout … Read more
Panasonic, once revered for its plasma TVs, is giving up on making its own TV sets. Today, it announced that Chinese company Skyworth will take over manufacturing, marketing, and selling Panasonic-branded TVs. Skyworth is a Shenzhen-headquartered TV brand. The company claims to be “a top three global provider of the Android TV platform.” In July, … Read more
Here’s the thing: in the mid-2020s, it’s impossible to point to a single dominant denim trend. Where we once might have all worn broadly the same silhouette around the same time (see: 2013, when everyone wore skinny jeans), these days it’s a lot more “anything goes.” Step into Vogue HQ, for instance, and you’ll clock … Read more
Bitcoin (BTC) slid to a weekly low of $64,111 during the New York trading session on Monday, taking out the range lows that were initially set on Sunday evening. Despite the weakness, the price action continues to rotate closely within the three-week range between $65,000 and $71,000. Derivatives data outlines a clear lack of bearish … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Private credit funds are weirdly skewed towards software borrowers, which might make for squeaky bum time come redemption. But we can’t easily track the market’s view as to their worth, given they are only periodically … Read more
Courtesy of HBO So “A Knight of the Seven Kingdoms” hero Dunk and his square, Egg, have reunited and set off on their next adventure… but what will that adventure look like, exactly? Those who watched the “Game of Thrones” prequel’s Season 1 finale witnessed Dunk (played by Peter Claffey) … Read more
In mid-February, the Department of Justice lost its head antitrust enforcer — just weeks before it was scheduled to argue one of the year’s biggest anti-monopoly cases in court. Antitrust Division chief Gail Slater announced her departure suddenly, via a post on her personal X account. But to those who follow the agency closely, it … Read more
This year, Mercury is going to moonwalk three times in the sky. The planet of communication will be retrograde in the water signs of Pisces, Cancer, and Scorpio—in that exact order. As you may know, this is a moment when exes resurface, the past comes back to haunt us, misinformation is endless, and travel delays … Read more
The creators of Dark Sky, who sold their popular weather app to Apple in March 2020, are back with a new take on weather forecasting. The team recently announced the launch of their new app, Acme Weather, which they claim offers a better and more reliable forecast than the one they had at Dark Sky. … Read more
Bitcoin’s weekend selloff led to about $100 billion in crypto market value losses during the reporting period and was triggered by a sudden burst of tariff policy uncertainty. Over the last 24 hours, BTC price had slipped below $65,000, pulling the broader crypto market down with it. The top digital asset had recovered above $66,000 … Read more