Financial Markets

Intel To Cut Thousands Of Jobs – Report

Another round of layoffs reportedly on the cards for staff at Intel, in an effort to rebound from earnings slump

3 months ago

Revolut Gains UK Banking Licence

After three years of trying, fintech start-up Revolut finally recieves a UK banking licence, but with some restrictions from regulator

3 months ago

Alphabet Q2 Beats Expectations, But Shares Dip

Despite share buyback and positive Q2 results, Alphabet's share price falls over YouTube slowdown and margin declines

3 months ago

Wiz Rejects $23 Billion Acquisition Bid From Google – Report

Memo to staff from co-founder explains reason for walking away from Google's takeover bid, and confirms IPO intentions

3 months ago

Bitcoin ‘Creator’ Craig Wright Admits He Is Not Satoshi Nakamoto

Australian computer scientist Craig Wright referred to Crown Prosecution Service (CPS) to be considered for perjury charges

4 months ago

Trump Media Shares Rally After Assassination Attempt

Shares in Trump Media surge 33 percent after Saturday assassination attempt on former president as investors bet on reelection

4 months ago

Russia’s Central Bank Tells Businesses To Use Crypto To Avoid Sanctions

Sanctions busting. Russian businesses told to use cryptocurrencies and other digital options to make payments with foreign customers

4 months ago

Fisker Seeks Approval For Firesale Of Remaining EVs

Fisker asks bankruptcy judge for permission to sell remaining Ocean SUV at just $14,000 per EV, down from $70,000

4 months ago

Jeff Bezos To Sell $5 Billion Worth Of Amazon Shares

Needs to buy more yachts? After Amazon stock hits record high, founder Jeff Bezos to offload huge tranche of shares

4 months ago

Salesforce Shareholders Reject CEO Marc Benioff’s Compensation Plan

Compensation packages for Salesforce's top executives are rejected by shareholders and investors, despite backing from the board

4 months ago

Meme Stock GameStop Sinks On Lawsuit News

Meme stock GameStop, known for a stellar rally in 2021 spurred by social media, shows volatility on news of probes…

4 months ago

Troubled EV Maker Rivian Lays Out Path To Profitability

At first-ever investor day EV maker Rivian lays out profitability plans after $5bn deal with VW offers it financial lifeline

4 months ago

FBI Offers $5 Million Bounty For Fugitive ‘CryptoQueen’ Ruja Ignatova

US authorities place huge bounty on Ruja Ignatova, the former leader of OneCoin cryptocurrency Ponzi scheme

4 months ago

VinFast Touts Cheap And Tiny EV, Amid Sales Concerns

Amid concerns about EV sales, a new small and cheap EV from VinFast is aimed primarily at the Asian market

4 months ago

Amazon Finally Breaches $2 Trillion Valuation

Long time coming. Amazon has reached a $2 trillion market capitalisation - six years after it passed a $1 trillion…

4 months ago

Rivian To Gain Up To $5 Billion Investment From Volkswagen

Crucial intervention? Volkswagen to form joint venture with Rivian to share electric vehicle software and architecture

4 months ago

Nvidia Cedes Top Market Spot To Microsoft

Nvidia cedes title of most valuable US listed company back to Microsoft as Apple regains No. 2 spot amidst continued…

4 months ago

Fisker Files For Chapter 11 Bankruptcy

EV maker Fisker files for bankruptcy protection in the US – the second EV venture led by car designer Henrik…

5 months ago

Nvidia Overtakes Microsoft As Most Valuable Tech Firm

Nvidia dethrones Microsoft as world's most valuable tech firm, in ongoing market capitalisation battle of the big three

5 months ago

Adobe Shares Jump On AI Success

Adobe shares post biggest gains in more than four years after it reports user take-up of generative AI tools

5 months ago

Elon Musk Wins Shareholder Vote On Pay, Texas Incorporation

Shareholders at Tesla vote to reinstate Elon Musk's 'ridiculous' $56bn pay package, and approve incorporation in Texas

5 months ago

SEC Reaches $4.5bn Settlement With Bankrupt Terraform Labs

Terraform Labs and disgraced founder Do Kwon agree to pay the US SEC a combined $4.5 billion in civil fraud…

5 months ago

WeWork Emerges From Bankruptcy Protection

WeWork, once valued privately at $47bn and seen as future of workplace, emerges from bankruptcy protection in US

5 months ago

Tesla Investor Slams Elon Musk’s $56bn Pay Deal, Amid Another Lawsuit

Head of one of the largest pension funds in US to vote against Elon Musk's ‘ridiculous’ pay package, as another…

5 months ago

Nvidia Completes Stock Split To Make Shares More Affordable

The 10-for-1 stock split at Nvidia has taken place, after the meteoric share price rise helped it become one of…

5 months ago

Alphabet Names Anat Ashkenazi As CFO

Anat Ashkenazi swaps CFO role in pharmaceutical industry to join Alphabet, replacing outgoing CFO Ruth Porat

5 months ago

Nvidia Overtakes Apple As Second Most Valuable Tech Firm

Value of Nvidia continues to surge as it reaches $3 trillion market cap, making it the second most valuable tech…

5 months ago

Terra Labs, Do Kwon Settle SEC Fraud Case

Tentative settlement reportedly reached between the US SEC and Singapore's Terraform Labs and founder Do Kwon

5 months ago

SoftBank-Owned ARM To Develop AI Chips

SoftBank-owned UK chip design firm ARM Holdings to develop AI accelerator chips for data centres amidst investment boom

6 months ago

Shares In Chinese EV Firm Zeekr Soar On Debut

EV maker Zeekr, controlled by car giant Geely, valued at nearly $7bn as investors heartened by surging sales

6 months ago
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