Tesla founder Elon Musk: “We are concerned about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal.” Photograph:  Brendan Smialowski

Elon Musk, founder of Tesla, recently christened himself “techno-king”, or king of tech. A better moniker might be “Wizard of Oz”. The entrepreneur po(...)

 Electric carmaker Tesla said it bought $1.5bn   in bitcoin and would accept the currency as payment.  Photograph: iStock

Bitcoin rose above $50,000 on Tuesday to a new record high, building on a rally fuelled by signs that the world’s biggest cryptocurrency is gaining ac(...)

The cryptocurrency climbed above $34,000 for the first time on Sunday

Bitcoin could soar to $100,000 this year on the basis of current trends, according to Marcus Swanepoel, chief executive of Luno, a London-based crypto(...)

US pharmaceutical giant Pfizer and German biotech firm BioNTech announced their coronavirus vaccine was more than 90 per cent effective in preventing Covid-19 among those without evidence of prior infection, according to new data. Photograph: Jakub Porzycki/NurPhoto

Pfizer’s Covid-19 vaccine announcement last week finally brought some respite for value stocks that had been battered in 2020. Bespoke Investments no(...)

Donald Trump and Joe Biden square off during the first presidential debate. Photograph: Jim Watson, Saul Loeb/AFP via Getty

Today is US presidential election day. What result do markets want? It depends on you ask. For months, the prevailing narrative was that a blue wave (...)

Rallies are also beginning to expand beyond the mega-cap tech stocks that have emerged as a haven for investors – a signal that a broader range of buyers is joining the stampede

The bumper run in the US stock market is beginning to turn its doubters into believers, adding fresh thrust to a rally that has wrongfooted veteran in(...)

Big-name investors are often quick to change their mind. Photograph:  Johannes Eisele / AFP

The warnings from David Tepper and Stanley Druckenmiller didn’t impress Donald Trump. “When the so-called ‘rich guys’ speak negatively about the marke(...)

Many high-profile investors, including Warren Buffett, have recently expressed caution regarding the prospects for stocks. Photograph: EPA/Larry W Smith

Many high-profile investors, including Warren Buffett and Howard Marks, have recently expressed caution regarding the prospects for stocks. Two more b(...)

Senator Bernie Sanders at a campaign rally in the Tacoma Dome in Tacoma, Washington, US. Photograph: Jason Redmond/Reuters

The odds of self-described socialist Bernie Sanders becoming America’s next president have shortened dramatically, but there’s little chatter about hi(...)

 ‘US markets halved in 2000-02 and again in 2007-09, but you have to go all the way back to the 1930s to find the last time stocks more than halved in value.’ Photograph: Eduardo Munoz Alvarez/Getty Images

Markets are doomed. Again. Warnings of looming Armageddon have become routine over the last decade, so it wasn’t surprising to hear another apocalypti(...)

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