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PARIS (Reuters) -Shareholders in Vivendi applauded on Tuesday the French media giant's plan to spin off its $39 billion Universal music business, underpinning Vincent Bollore's grip on the group and ignoring concerns expressed by several funds.
PARIS (Reuters) - French media group Vivendi will seek investor support on Tuesday to spin off its prized Universal music business, a plan criticized by activist funds for benefiting top shareholder Vincent Bollore more than smaller investors.
LONDON (Reuters) - Bitcoin fell to a three-week low on Tuesday amid signs of institutional investor caution, while the head of the U.S. Internal Revenue Service called for lawmakers to provide authority for tighter reporting rules on crypto transfers.
NEW YORK (Reuters) - A push toward relying more on renewable energy for bitcoin mining could make the underperforming solar industry more attractive, star fund manager Cathie Wood said at a cryptocurrency conference Thursday.
Beijing’s crackdown on its tech giants is fuelling a noticeable phenomenon: it’s opened the spending floodgates.
(Reuters) - Cathie Wood's flagship Ark Innovation fund has allowed its stake in Tesla Inc, its largest holding, to slip below 10% this week for the first time in over a month.
(Reuters) - Bitcoin's volatility is its main attraction as that is what gives the cryptocurrency its exponential rises, ex-Goldman Sachs bitcoin enthusiast Raoul Pal said.
The competition between Wang Xing’s Meituan and fellow tech billionaire Jack Ma’s Alibaba Group Holding Ltd is turning into one of the great rivalries in Chinese business.
LONDON (Reuters) - Bitcoin hit a record high just shy of $65,000 last week, the latest landmark on the emerging asset's march to wider acceptance. Its gains have been fuelled by growing acceptance among major U.S. companies and financial firms.
(Reuters) - Cathie Wood’s ARK funds bought more shares of cryptocurrency exchange Coinbase Global Inc on Friday while selling shares of electric carmaker Tesla, according to the firm's daily trade summary.