Financial Markets

UK Watchdog Warns 50 Crypto Firms Of ‘Misleading Ads’

Enforcement notices dispatched. The UK's Advertising Standards Authority puts 50 crypto firms on notice over 'misleading ads'

3 years ago

BMW Blames Russian Invasion, As It Lowers Profit Forecast

German carmaker BMW warns of ongoing chip shortages and new supply chain disruptions caused by Russian's invasion of Ukraine

3 years ago

Tesla Raises Prices For Second Time In Days

Second price rise for Tesla electric vehicles in the space of a week, as inflationary pressure continues amidst Ukraine war

3 years ago

Toshiba’s Top Shareholder Opposes Breakup Plan

Years of turmoil at Japan's Toshiba continues, as leading shareholder opposes plan to break itself into three different units

3 years ago

Elon Musk Asks Judge For End Of Oversight Of His Tweets

Tesla boss Elon Musk formally asks a US judge to terminate the 2018 agreement with the SEC allowing lawyers to…

3 years ago

Intel’s Mobileye Files For IPO

Intel’s self-driving-car unit Mobileye files for IPO in the United States, in what could be one of the largest tech…

3 years ago

Visa, Mastercard Block Russian Financial Institutions

Financial pressure on Moscow continues, with the news that Visa and Mastercard have blocked multiple Russian financial institutions

3 years ago

SEC Investigates Elon Musk And Brother Over Share Sales – Report

Fresh scrutiny. Elon Musk and his brother Kimbal Musk reportedly being investigated by the SEC for alleged insider trading

3 years ago

Just Eat Takeaway Chief Says No Plans To Sell Grubhub

Just Eat Takeaway chief executive Jitse Groen says plan to delist from Nasdaq does not indicate intention to sell Grubhub,…

3 years ago

Crypto Giant Binance To Take $200m Stake In Forbes

Giant cryptocurrency exchange Binance to take $200m stake in Forbes as media firm plans $630m listing in New York through…

3 years ago

FBI Arrest Couple For Alleged Laundering Of $4.5bn In Bitcoin

Married couple arrested in New York by FBI, in largest ever cryptocurrency theft case, as authorities seize $3.6 billion in…

3 years ago

ARM Likely To File For Public Listing In US

Disappointment for London Stock Exchange, as ARM owner Softbank indicates it will file for public listing in the United States

3 years ago

Nvidia’s $40bn Purchase Of ARM Holdings Collapses

Softbank and Nvidia confirm termination of controversial $40bn purchase of UK's ARM, which now has new CEO ahead of initial…

3 years ago

Meta Stock Suffers, As Facebook Loses Daily Users For First Time

Facebook warns of significant Apple iOS privacy impact, which will decrease sales in the coming year by as much as…

3 years ago

Apple Shrugs Off Chip Shortage With Record Revenues

Tech giant surpasses Wall Street predictions, as revenues grow 11 percent despite Omicron variant and ongoing global chip shortage

3 years ago

Facebook To Close Down Diem Crypto Venture – Report

End of the road for Diem (formerly Libra) digital currency, with sale reported of Diem Association to financial institution

3 years ago

IMF Urges El Salvador To Drop Bitcoin As Legal Tender

South American country El Salvador urged to reconsider its decision to adopt Bitcoin as legal tender, amid huge value decline

3 years ago

Netflix Shares Drop On Growth Concerns

Netflix posts strong growth for full-year 2021, but shares plummet as investors are spooked by disappointing first-quarter growth prospects

3 years ago

Russia Proposes Ban On Cryptocurrencies, Crypto Mining

Russia's central bank has this week proposed the banning on the use and mining of cryptocurrencies, citing multiple risk factors

3 years ago

UK To Address Marketing Of High Risk Crypto Investments

British financial watchdog says it will curb the marketing of cryptoassets and other high-risk investments, amid a surge in online…

3 years ago

Amazon Last Minute Extension For Visa Card Payments

UK Amazon users can continue using their Visa cards for online shopping for now, after the two firms agree short…

3 years ago

Treasury Select Committee To Investigate Visa, Mastercard Fee Increases

Committee of MPs vows to scrutinise increases in the fees Visa and Mastercard charge businesses, after regulator finds no justification…

3 years ago

Bitcoin Slumps To Lowest Level In Four Months

Crypto volatility. Bitcoin slumps to its lowest level since September, having lost over 40 percent of its value from its…

3 years ago

China Mobile Enjoys Successful Shanghai IPO After NYSE Delisting

After being delisted from New York Stock Exchange last year, China Mobile enjoys successful public offering in its home market

3 years ago

Apple First To Breach $3 Trillion Market Cap

The iPhone juggernaut briefly surpasses the $3 trillion market capitalisation threshold on Monday, over a year since passing the $2…

3 years ago

Huawei Admits 2021 Revenues Down Nearly 30 Percent

Chinese networking giant reveals scale of challenge posed by ongoing US and Western restrictions to its business performance

3 years ago

Elon Musk Sells Off Another $1 Billion Of Shares

Share sell-off continues for Tesla's Elon Musk, after he offloads another tranche of shares worth $1.02 billion to reach 10…

3 years ago

Elon Musk Warns Of Overtaxation in California

Tesla CEO says he has sold 'enough stock' and slams California for 'overtaxation' and 'overegulation' and 'overlitigation'

3 years ago