Author: Anthony M. Orbison

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US private equity investor General Atlantic has made an offer to buy London-listed Learning Technologies Group for more than £800mn, according to people with knowledge of the matter. General Atlantic has offered about £1 per share for Learning Technologies, these people said, adding that there is no guarantee a deal will be reached. The people added that other private equity groups had also been looking at the company as a possible acquisition target. Shares in LTG jumped 18 per cent to 88p…

Transcript:Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.Fresh data released Friday seemed to support the Federal Reserve’s September rate cut. The Personal Consumption Expenditures Index showed inflation rose 2.2 percent in August compared to a year ago, down from 2.5 percent in July. That move brought the Fed’s preferred inflation measure even closer to its 2 percent target.Related: Here’s where Southwest’s first red-eye flights will goIn other headlines – there’s good news for people considering a flight on Southwest Airlines. The company confirms that it will not start charging baggage…

The judge in the Tornado Cash case delivered an oral ruling today, rejecting both the Defense’s motion to compel discovery and their motion to dismiss the charges. This represents a massive setback for the Defense, and the judge’s reasoning may not bode well for developers and projects going forward.Motion to CompelThe Defense’s motion to compel discovery sought to access a broad range of government communications, including exchanges with foreign authorities under the Mutual Legal Assistance Treaty (MLAT) and with domestic agencies like the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN). Citing Federal Rule of…

Daring to prefix a company or even a pop group’s name with “easy” could land you in legal hot water, as the founder of British airline easyJet relentlessly tackles alleged trademark breaches. Greek-Cypriot tycoon Stelios Haji-Ioannou, whose easyGroup still has links with the carrier, has set out to protect the “easy” brand by threatening court action against anyone deemed to be profiting from the name. A formal complaint made by the man simply known as Stelios recently forced British indie pop band Easy Life, which also adorned posters with an aircraft showing a likeness to an easyJet plane, into changing…

Investing.com — Intuit’s recent annual Analyst Day received positive reactions from Wall Street, with analysts highlighting the company’s strategic direction, innovation in AI, and its potential to drive growth by moving upmarket. Wolfe Research maintained an Outperform rating on Intuit (NASDAQ:), raising its price target to $725 from $710 a share. Wolfe highlighted Intuit’s focus on its new Enterprise Suite functionality, stating, “We walk away from the Analyst Day increasingly optimistic, as INTU remains a potential AI beneficiary.” The firm expressed confidence in Intuit’s ability to deliver sustained double-digit revenue growth and margin expansion, especially given the company’s push into artificial…

In a rather surprising turn of events, US Securities and Exchange Commission (SEC) Chairman Gary Gensler has said that Bitcoin is not a security. Indeed, Gensler was featured on CNBC, where he discussed the leading cryptocurrency and reaffirmed his position on its security status.The token became the first crypto-based ETF in the United States this January. Gensler’s led SEC approved the product, with eleven issuers bringing the investment vehicle to market, including $10 trillion asset manager BlackRock. That green light followed more than 20 disapproved filings since 2018, the agency stated.Also Read: Solana: VanEck Says SOL ETF is More Likely…

The rally in US stocks hit pause before the bell on Friday as investors marked time ahead of an inflation report seen as crucial to the Federal Reserve’s next decision on interest-rate cuts.S&P 500 futures (ES=F) were little changed on the heels of ekeing out a third record-high close this week, while Dow Jones Industrial Average futures (YM=F) were similarly flat. Contracts on the tech-heavy Nasdaq 100 (NQ=F) fell 0.2%.The gauges are still on track for a weekly win as confidence in the economy returned to the market. A solid GDP reading cemented growing conviction that the Fed can nail…

Modern cars are often described as smartphones on wheels, and you cannot blame those who make that comparison. The inside of cars from modestly priced brands like Toyota and Subaru to posh Mercedes-Benzes feature large touchscreens that control easy-to-use software that can access a vast array of vehicle controls, connect to the internet, and even act as an extension of your smartphone.Related: Study: EV charging stations have a secret built-in business benefitSouth Korean automakers Hyundai and Kia know the importance of tech in their cars. For instance, Kia’s EV6 can be equipped with “Remote Smart Parking Assist,” which can help drivers park…

. Bitget Wallet has just introduced MemeX, a tool designed to make it easier for meme coin traders to discover coins with the potential for 100x gains. This new feature allows enthusiasts to find promising meme coins in real-time, using advanced filters to track and select coins based on liquidity, market cap, and trading volume. MemeX also comes with a 15-day challenge, offering a $25,000 prize for users who identify the most promising coins. Initially, it supports Solana and BNB Chain, with plans to expand to additional blockchain networks soon. A key feature of MemeX is its real-time coin discovery…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Chinese equities have surged to their best week since 2008 after Beijing launched an economic stimulus package including a $114bn war chest to boost the stock market.The CSI 300 index of Shanghai- and Shenzhen-listed companies is up 15.7 per cent for the week in its best performance since November 2008, when China announced a similar stimulus package in response to the global financial crisis.The rally, which has also helped buoy European markets and industrial metals, comes as China’s leadership rushes to support…