Trump media group in $6bn deal to buy Crypto.com tokens
Venture will be the ‘first and largest publicly traded CRO treasury company’
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Alex Gerko earned £682mn from trading firm XTX in 2024
Profits split between company’s quantitative traders rose more than 70% from a year earlier
German autos sector slashes jobs as economic woes bite
Germany’s industry is suffering as Europe’s largest economy is facing various headwinds.
US long-term debt sells off after Trump’s attempted firing of Fed governor
Gap between long-term and short-term borrowing costs is close to its widest for three years
US shale companies tighten their belts amid oil price uncertainty
Despite their caution, overall crude production is actually increasing