Financial Markets

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…

6 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…

6 months ago

Alphabet Names Anat Ashkenazi As CFO

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

6 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…

6 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

6 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

7 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

7 months ago

Google Staff Question Layoffs After Record Earnings

Staff at Google question CEO Sundar Pichai over 'significant decline' in workforce morale amid ongoing job cuts, despite strong financials

7 months ago

FTX To Repay Creditors In Full, $11 Billion

Good news for creditors. CEO John Ray III says bankrupt crypto exchange FTX will be able to fully repay creditors…

7 months ago

Grayscale Bitcoin Shares Surge On First Inflow Since January

Dominant Bitcoin ETF Grayscale Bitcoin Trust shows first net inflow since January as investors flock to new crypto investment vehicles

7 months ago

Apple Shares Surge Ahead Of New AI Hardware Launches

Apple shares surge on optimism that new AI-focused hardware launches will drive renewed sales, starting with iPad event on Tuesday

7 months ago

Apple Announces Record Share Buyback, Amid iPhone Sales Decline

Investor appeasement? Apple unveils huge $110 billion share buyback program, as sales of iPhone decline in almost all global markets

7 months ago

Binance’s Changpeng Zhao Sentenced To Four Months In Prison

US judge sentences Binance founder, Changpeng Zhao, to four months in prison for ignoring money laundering on his platform

7 months ago

Alphabet Value Surges Over $2tn On Dividend Plan

Google parent Alphabet sees market capitalisation surge over $2tn on plan to over first-ever cash dividend, revenue growth

7 months ago

Snap Sees Surge In Users, Ad Revenues

Snapchat parent Snap reports user growth, revenues in spite of tough competition, in what may be sign of stronger advertising…

7 months ago

Microsoft Beats Expectations Thanks To AI Investments

Customer adoption of AI services embedded in cloud services continues to deliver results for Microsoft, pushing shares higher

7 months ago

Meta Declines On Heavy AI Spending Plans, Despite Strong Q1

Share price hit after Meta admits heavy AI spending plans, after posting strong first quarter financial results

7 months ago

Tesla Posts Biggest Revenue Drop Since 2012

Elon Musk firm touts cheaper EV models, as profits slump over 50 percent in the face of falling sales and…

7 months ago

US SEC Seeks $5.3 Billion Fine From Terra’s Do Kwon

Financial regulator asks New York judge to impose $5.3 billion in fines against Terraform Labs and Do Kwon in civil…

7 months ago

Trump Media Warns Of ‘Potential Market Manipulation’

Shares in Trump social media platform owner rise after chief executive warns of 'naked' short sellers trying to manipulate stock…

7 months ago

TSMC Shocks Investors With Lower Chip Growth Forecast

TSMC pulls back on forecast of global chip industry growth for 2024, stirring concerns around expected recovery this year

7 months ago

Netflix Reports Profits Surge, But Forecast Disappoints

Netflix shares slump as it reports profit surge but says it will stop reporting subscriber metrics next year

7 months ago

Trump Media Shares Buckle Over Secondary Offering Plans

Shares in Donald Trump's social media company Trump Media plummet on Monday after company announces plans to issue millions more…

7 months ago

Sam Bankman-Fried Appeals FTX Fraud Sentence Of 25 Years

Disgraced crypto billionaire and former FTX CEO Sam Bankman-Fried appeals 25 prison sentence for masterminding huge fraud

8 months ago

Tesla Shares Dive After EV Shipments Disappoint

Investors unhappy after Tesla posts a shipment slump in first quarter despite price cuts, amid concern about user demand for…

8 months ago