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 15:15 ET (19:15 GMT)

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