Financial Markets

Microsoft Shares Sink After Weak Forecast

Enterprise software giant Microsoft beat Wall Street expectations, but shares fell as it issued weak guidance for the coming quarter

2 years ago

Meta Shareholder Urges Job Cuts, Metaverse Spending Reduction

Investor says Meta has too many staff, and must reduce its hefty investment in metaverse tech in order to regain…

2 years ago

Amazon Enters UK Insurance Market With Comparison Site

Financial services push sees Amazon enter UK insurance market, with challenge to four established price comparison websites

2 years ago

Netflix To Begin Password Crackdown In 2023

Streaming giant Netflix beats Q3 expectations and adds 2.4 million subscribers, while confirming global password crackdown next year

2 years ago

Intel Slashes Mobileye IPO Valuation To Below $16 Billion

Chip giant Intel significantly lowers valuation for its self-driving car unit Mobileye Global, ahead of public listing on the Nasdaq

2 years ago

Intel Mulls Lower Valuation For Mobileye IPO – Report

Intel is reportedly eyeing a 'significantly lower' IPO valuation than previously expected for its self-driving car unit Mobileye Global

2 years ago

Sentence For Capital One Hacker Slammed By US DoJ

“This is not what justice looks like,” says DoJ official, as judge issues probation sentence for hacker Paige Thompson (aka…

2 years ago

SWIFT Publishes Blueprint For Central Bank Digital Currency

Digital currency solution for the world? Potential blueprint for digital currencies offered by central banks published by SWIFT

2 years ago

Amazon Raises Pay For US Warehouse Workers, Drivers

The wage packets for Amazon warehouse workers and transportation drivers will get a welcome increase, in the United States at…

2 years ago

Elon Musk Lawyers Appeal To Remove SEC Tweet “Muzzle”

Legal fight by Elon Musk continues, as he seeks to free himself from the 2018 agreement with the US SEC…

2 years ago

Oracle To Pay $23 Million To Settle SEC Bribery Case

Software giant Oracle is not admitting or denying wrongdoing, but is to pay $23m to settle a second SEC bribery…

2 years ago

Celsius Seeks Permission To Sell Stablecoin Assets

Bankrupt cryptocurrency lender Celsius Network files request to sell its stablecoin assets, as it seeks funds to continue operations

2 years ago

Huawei Founder Warns Of Painful Decade

Stark survival warning from founder of Huawei about firm's prospects over the next ten years, amid global downturn and China…

2 years ago

More People Charged After 2017 Equifax Hack

US financial regulator charges three more people with insider trading concerning Equifax hack, after its former CIO was jailed over…

2 years ago

Meta Raises $10 Billion In Bond Offering

First ever bond offering sees Facebook parent Meta Platforms raise $10 billion, as it seeks to bolster finances, amid heavy…

2 years ago

Elon Musk Sells Tesla Shares Worth $6.9 Billion

Tesla CEO Elon Musk admits he could need the funds if he loses legal showdown with Twitter and is forced…

2 years ago

SoftBank Sells Off Uber Stake, Cuts Vision Fund Staff

Japan's SoftBank sells off Uber stake, plans to cut staff at flagship Vision Fund investing arm as market turmoil leads…

2 years ago

Deezer ‘Set For German Expansion’ After IPO Slump

Deezer to use funds from July IPO in Paris to expand into Germany in partnership with RTL as it seeks…

2 years ago

Dorsey’s Block To Cut Expenditures After Crypto Loss

Jack Dorsey-led Block, formerly Square, to cut hiring and investment target after Bitcoin volatility and slowing consumer demand drives down…

2 years ago

Tinder Ditches Metaverse, Digital Coin Plans As Investors Swipe Left

Tinder parent Match Group suspends plans to develop metaverse-based dating and Tinder Coins after announcing disappointing third-quarter expectations

2 years ago

Robinhood Axes 23 Percent Of Jobs, Dismisses Talk Of Sale

CEO confirms further job cuts at trading app Robinhood, with another 23 percent of staff set to be culled from…

2 years ago

Bankrupt Celsius Network To Pay CFO $90,000 Per Month – Report

Cash strapped cryptocurrency lender Celsius Network wishes to bring back former CFO Rod Bolger and pay him $92,000 per month

2 years ago

Alibaba Will ‘Strive’ To Maintain New York Listing

Alibaba says it will 'strive' to maintain its New York Stock Exchange listing after SEC adds it to list of…

2 years ago

SEC Says Alibaba Could Be Delisted In New York

US financial regulator SEC says Chinese tech giant Alibaba at risk of delisting in New York over demand for compliance…

2 years ago

Amazon Posts Second Straight Loss After Rivian Stake Writedown

Another tech bellweather financial results show Amazon posting a second quarterly loss in a row, after a hefty reassessment of…

2 years ago

Apple Shrugs Off Economic Gloom, But Profit Slips

No slowdown in demand for iPhones says Apple despite negative macroeconomic indicators, as revenues rise 2 percent beating estimates

2 years ago

Meta Posts First Ever Revenue Decline, Amid Intense Pressures

CEO Mark Zuckerberg warns the economic downturn has arrived, as Meta misses earnings forecast and predicts another decline

2 years ago