One obvious (if unsatisfying and mildly circular) answer is that some of the companies that buy bitcoin outperform bitcoin itself. Here is a chart comparing the performance of bitcoin, a leveraged ...

The mildly positive market response makes sense. The large-cap index has already recovered from the “liberation day” shock. And the tariff fight will go on (we recommend you read our colleagues on ...

Senior bondholders propose injecting equity to match KKR’s defunct bid but plan needs approval from Ofwat and courts ...

A better regulatory regime would give payments companies access to the Fed’s payment rails without allowing them to take and ...

The survey showed a big fall in inventories, which could signal an end of companies’ frontloading orders to avoid the price impact of tariffs. If so, it won’t be too long before manufacturers and ...

The future of Thames Water is hanging in the balance after KKR, the US private equity firm, walked away from a £4bn rescue deal for the troubled utility that serves 16mn people in and around London.

TACO, an acronym for Trump Always Chickens Out, was coined by Financial Times columnist Robert Armstrong, highlighting ...

TACO, an acronym for Trump Always Chickens Out, was coined by Financial Times columnist Robert Armstrong, highlighting Trump's frequent reversal on tariffs. TACO is Wall Street's new favourite ...

Lawyers for the tech entrepreneur’s family are accused of taking a ‘scorched earth’ approach by attorneys representing the ...

A surprise twist has emerged in the long-running legal battle over the $500 million fortune of Tony Hsieh, the late Zappos ...

Well, Financial Times columnist Robert Armstrong came up with TACO. He joins us now from New York. Hi there. ROBERT ARMSTRONG: Hi, Mary Louise. It's great to be here. KELLY: Great to have you with us.