Financial Markets

Apple Market Value Drops Below $2 Trillion

Share price decline continues in 2023 as Apple's market value slips below $2 trillion, after it was the first to…

2 years ago

Musk Tells Tesla Staff To Ignore Share Price Decline

After 70 percent decline in Tesla share price, Elon Musk tells employees not to be “bothered by stock market craziness”

2 years ago

Cyber-Attacks Set To Become ‘Uninsurable’, Warns Insurance Boss

Chief executive of Zurich Insurance warns that cyber-attacks, rather than natural disasters, will quickly become “uninsurable”

2 years ago

FTX Customer Lawsuit Seeks Recovery Of Digital Assets

Class action lawsuit filed by FTX customers against failed crypto exchange and its arrested former CEO Sam Bankman-Fried

2 years ago

FTX’s Sam Bankman-Fried Released On $250m Bail, To His Parents

Sam Bankman-Fried has been freed on $250m, but must remain under strict supervision at parents’ California home

2 years ago

Two Bankman-Fried Associates Plead Guilty To Fraud

FTX founder Sam Bankman-Fried arrives in America and is expected in court, as two former associates plead guilty to fraud…

2 years ago

Bitcoin Miner Core Scientific Files For Chapter 11

One of the largest publicly traded crypto mining companies in the US, Core Scientific, is filing for Chapter 11 bankruptcy…

2 years ago

Elon Musk To Quit As Twitter CEO, Seeks ‘Foolish Enough’ Replacement

Search for new CEO of Twitter begins, but Elon Musk confirms he will remain in charge of software and server…

2 years ago

Binance Founder Reassures After $1 Billion Withdrawn In A Day

Founder Changpeng Zhao admits “stress test” after more than a billion dollars is pulled out of Binance in a single…

2 years ago

US SEC Charges FTX Sam Bankman-Fried With Fraud

Sam Bankman-Fried is accused by US authorities of defrauding investors after regulators called FTX “a house of cards”

2 years ago

FTX Founder Sam Bankman-Fried Arrested In Bahamas

Former CEO and founder of collapsed crypto exchange FTX is arrested after the United States files charges against him

2 years ago

TerraUSD’s Do Kwon In Serbia, South Korea Says

South Korean authorities say Do Kwon, co-founder of failed TerraUSD cryptocurrency, has fled arrest warrant and is in Serbia

2 years ago

Former Wirecard CEO Dismisses ‘Absurd’ Allegations

Defence for former Wirecard CEO Markus Braun begins in Germany, with his lawyer lambasting prosecution charges

2 years ago

Microsoft To Acquire 4 Percent Of London Stock Exchange In Cloud Deal

Ten year cloud data deal between LSE and American software giant, sees Microsoft acquire 4 percent of equity stake in…

2 years ago

Trial For Wirecard Executives Begins In Germany

Trial of former CEO and other managers begins in Germany, following spectacular collapse of Munich fintech Wirecard in 2020

2 years ago

HM Treasury Finalising Crypto Industry Rules – Report

UK's Treasury is reportedly finalising sweeping new powers for Financial Conduct Authority to properly regulate the cryptocurrency industry

2 years ago

Bitfront To Close Down, In Latest Crypto Failure

Latest casualty. Crypto exchange Bitfront confirms it is shutting down amid challenging crypto market, despite best efforts

2 years ago

Maersk, IBM Discontinue Blockchain Shipping Platform

TradeLens, a blockchain platform from shipping giant Maersk and IBM is to be discontinued, to due lack of commercial viability

2 years ago

Crypto Lender BlockFi Files For Chapter 11 Bankruptcy

FTX collapse cited, as cryptocurrency lender BlockFi files for Chapter 11 bankruptcy protection in New Jersey court

2 years ago

EU Countries Agree 45bn Euro Chip Production Plan

European chip production subsidies. Agreement from EU countries to a 45-billion-euro ($46.6 billion) fund to encourage local chip production

2 years ago

HP To Layoff 4,000 To 6,000 Staff Over Next Three Years

Smaller still. Thousands of job cuts are coming to HP's global workforce, in addition to the 9,000 jobs it axed…

2 years ago

Lawsuit Against FTX Founder, As New Boss Slams Previous Management

Class action lawsuit launched against Sam Bankman-Fried, as new FTX CEO slams previous corporate management practices

2 years ago

Failed FTX Exchange Could Have A Million Creditors

As regulators begin investigations into FTX's bankruptcy, filings indicate the failed crypto exchange could have 1 million creditors

2 years ago

FTX Crypto Exchange Files For Bankruptcy, CEO Resigns

Chapter 11 for cryptocurrency exchange FTX, after it failed to secure rescue bid and additional funding. CEO Sam Bankman-Fried resigns

2 years ago

Crypto Market Rocked As Binance Drops FTX Rescue Deal

Cryptocurrency prices plunge after crypto exchange platform Binance withdraws from purchase of its failing rival FTX Trading

2 years ago

Toshiba Receives $15bn Buy Out Bid – Report

Consortium led by Japan Industrial Partners submits bid to purchase Toshiba for $15bn, but reportedly has no banking approval for…

2 years ago

Britishvolt Secures Funding For Five Weeks

Staff at battery start-up Britishvolt in Northumberland take a pay cut, after it secures five-week funding lifeline

2 years ago

Apple Rides The Storm With Solid Earnings

Amid investor tech gloom, Apple's Q4 and full year results prove to be a bright spot, but it admits holiday…

2 years ago

Intel’s Mobileye Raises $861m In Nasdaq IPO

Shares in Intel's self-driving firm Mobileye Global rose 30 percent after successful public listing on the Nasdaq

2 years ago

Meta Shares Plummet Over Costs, Weak Forecast

Investors take fright as Meta's revenues fall for second straight quarter, and warns of more costs ahead, forecasts weak holiday…

2 years ago