Financial Markets

FTX’s Caroline Ellison Sentenced To Two Years In Prison

Caroline Ellison, former girlfriend of Sam Bankman-Fried, sentenced to two years in prison, despite testifying for prosecution in fraud trial

3 months ago

Trump Media Shares Fall To All-Time Low

Shares in Trump Media fall to all-time low on first day former president is entitled to sell his holdings in…

3 months ago

Intel To Spin Off Foundry Unit As Independent Subsidiary

Turnaround latest. Intel Foundry to become independent subsidiary, while chip factory construction in Germany and Poland will be paused

3 months ago

Former Girlfriend of FTX’s Bankman-Fried Seeks To Avoid Prison

Ahead of her sentencing later this month, former cryptocurrency executive Caroline Ellison, asks judge to spare her from prison

4 months ago

Nvidia Market Value Hit By Historic Single-Day Drop

Nvidia market value sees biggest single-day decline on record for a US company, as investors pull back from AI speculation

4 months ago

Intel ‘May Be Removed’ From Dow Index

Intel likely to be removed from Dow Jones Industrial Average amidst ongoing turnaround challenges, report finds, as stock takes another…

4 months ago

Intel Questioned By US Senator Over Job Cuts After $20bn Grant, Loans

Intel CEO questioned by republican senator on 15,000 job cuts, after chip giant being awarded $20bn US grant

4 months ago

Shares In Nvidia Fall, Despite Record Profits, Sales

Nvidia announces $50 billion stock buyback after impressive Q2 financials, but shares slip despite strong demand for AI chips

4 months ago

Nasdaq Seeks Permission For Bitcoin Index Listing Option

SEC approval being sought by Nasdaq to launch and trade options on a bitcoin index, after similar move by NYSE

4 months ago

Revolut Valued At $45 Billion, More Than Barclays, NatWest

Secondary share sale sees UK's Revolut now worth more than Barclays, NatWest and other large European banks

4 months ago

Cisco Confirms Second Round Of Major Job Cuts In 2024

Second round of layoffs in 2024, as Cisco confirms it will axe a further 7 percent of its workforce or…

4 months ago

Intel Sells Stake In British Chip Designer ARM

Amid its turnaround struggles and job cuts, Intel sells its 1.18 million share stake in UK chip designer ARM Holdings

4 months ago

Reddit CEO Hints At Subreddit Paywalls

Reddit co-founder and CEO has hinted that paywalls for certain subreddits could be on the way, in latest monetisation move

5 months ago

Intel Sued By Shareholders After Dividend Suspension, Stock Price Crash

Shareholders alleged being blindsided after Intel's weak Q2 results, job losses, dividend suspension, triggered share price plunge

5 months ago

Bitcoin Plummets As Investors Dump Risky Assets

Price of Bitcoin plunges sharply, ending rally that started in January with approval of spot Bitcoin ETFs as investors flee…

5 months ago

Intel, Nvidia Stocks Slide Amidst Chip Turmoil

Intel stock price plummets most in 50 years after it announces job cuts, as Nvidia declines on report of AI…

5 months ago

Apple Beats Expectations, Despite Falling iPhone Sales

Another solid quarterly financial performance from Apple, despite concerns over iPhone shipments in mainland China

5 months ago

Intel To Cut 15 Percent Of Workforce, Suspends Dividend

Shares in Intel plummet over 20 percent after chip giant confirms thousands of job losses and suspends dividend payments

5 months ago

Meta Posts Strong Q2 Amid Heavy AI Spending

Facebook parent Meta Platforms delivers strong Q2 financials which beats Wall Street expectations, raising its share price

5 months ago

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

5 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

5 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

5 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

5 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

5 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

5 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

6 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

6 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

6 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

6 months ago