Financial Markets

Meme Stock GameStop Sinks On Lawsuit News

Meme stock GameStop, known for a stellar rally in 2021 spurred by social media, shows volatility on news of probes…

6 months ago

Troubled EV Maker Rivian Lays Out Path To Profitability

At first-ever investor day EV maker Rivian lays out profitability plans after $5bn deal with VW offers it financial lifeline

6 months ago

FBI Offers $5 Million Bounty For Fugitive ‘CryptoQueen’ Ruja Ignatova

US authorities place huge bounty on Ruja Ignatova, the former leader of OneCoin cryptocurrency Ponzi scheme

6 months ago

VinFast Touts Cheap And Tiny EV, Amid Sales Concerns

Amid concerns about EV sales, a new small and cheap EV from VinFast is aimed primarily at the Asian market

6 months ago

Amazon Finally Breaches $2 Trillion Valuation

Long time coming. Amazon has reached a $2 trillion market capitalisation - six years after it passed a $1 trillion…

6 months ago

Rivian To Gain Up To $5 Billion Investment From Volkswagen

Crucial intervention? Volkswagen to form joint venture with Rivian to share electric vehicle software and architecture

6 months ago

Nvidia Cedes Top Market Spot To Microsoft

Nvidia cedes title of most valuable US listed company back to Microsoft as Apple regains No. 2 spot amidst continued…

6 months ago

Fisker Files For Chapter 11 Bankruptcy

EV maker Fisker files for bankruptcy protection in the US – the second EV venture led by car designer Henrik…

6 months ago

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

6 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

6 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

7 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…

7 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

7 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…

7 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…

7 months ago

Alphabet Names Anat Ashkenazi As CFO

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

7 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…

7 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

7 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

8 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

8 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

8 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…

8 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

8 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

8 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

8 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

8 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

8 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…

8 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

8 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

8 months ago