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Category Innovation

Hedge funds cash in on Trump-fuelled crypto boom

A clutch of cryptocurrency-focused hedge funds has made a windfall in recent weeks as Donald Trump’s election win fuelled a powerful rally that propelled bitcoin above the $100,000 milestone. Funds employing crypto strategies posted gains of 46 per cent in…

FedEx to spin-off freight business

FedEx has announced it will spin off its freight business to a new publicly traded company as it aims to strengthen its business amid weak demand. The package delivery group, considered a bellwether of global economic growth because of the…