News Highlights: Top Company News of the Day
October 25 2021 - 3:15PM
Dow Jones News
Mastercard Partners With Bakkt to Bring Cryptocurrency Payments to the Masses
Banks will be able to issue debit or credit cards that let
people pay with bitcoin and earn cryptocurrency as rewards.
Co-Head of Blackstone's Hedge-Fund Business to Leave Firm, Officials Say
Blackstone veteran John McCormick told the firm last week he had
decided to resign. Joseph Dowling will become sole head of
Blackstone Alternative Asset Management, the world's largest
funds-of-hedge-funds business.
Tesla Surpasses $1 Trillion in Market Value as Hertz Orders 100,000 Vehicles
Hertz's major bulk purchase could help Tesla get more of its
cars into the hands of mainstream consumers. Tesla shares surged on
the news.
Facebook Whistleblower Calls for New Tech Laws in Europe
Frances Haugen tells U.K. lawmakers that social-media platforms
should be required to disclose actions to combat misinformation and
hate speech.
Equitable Chairman Departs Over Communications That Didn't Meet Standards
The financial firm and its fund unit say they won't comment
further on Ramon de Oliveira's resignation. Equitable replaces him
with director Joan Lamm-Tennant.
Moderna Covid-19 Vaccine Data Shows Strong Response in Children
Moderna said it would submit the results from an interim study
to health regulators in the U.S., Europe and elsewhere in seeking
authorization for 6- to 11-year-olds.
AmEx Gets Younger, More Blue Collar
American Express reported jumps in spending among Gen Z and
millennial consumers and small businesses, helping it defy the
recent doubts about cards.
Volvo IPO Prices Lower Than Expected Despite Ambitious EV Plans
The Swedish auto maker's pricing highlights investors'
unwillingness to lend traditional car makers the valuations enjoyed
by younger electric-vehicle companies.
HSBC to Buy Back $2 Billion in Stock as Profit Jumps
The London-based lender posted a surge in net profit as it
navigated rising geopolitical and property-market risks in
China.
China Evergrande Says Work on Some Residential Projects Has Resumed
The highly indebted developer said construction was progressing
at some of its projects in southern China, as it tries to stave off
collapse and deliver homes it has promised to more than a million
people.
(END) Dow Jones Newswires
October 25, 2021 15:00 ET (19:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.