Financial Markets

ARM Signs Up Major Tech Firm Investors, Prices IPO

Apple, Alphabet, Intel, Samsung etc sign up as investors in ARM's upcoming IPO, as management lowers listing valuation

1 year ago

Mastercard Ends Binance Card Partnership

Latest blow to crypto giant as Mastercard ends Binance-branded cards in certain regions, following similar move by Visa

1 year ago

Nvidia Reaps AI Chip Demand As Profit Surges

Quarterly profits at Nvidia rocket up 843 percent, as GPU powerhouse benefits massively from demand for AI chips

1 year ago

FTX’s Sam Bankman-Fried Surviving On ‘Bread And Water’

Jail is not agreeing with vegan Sam Bankman-Fried, as lawyers express concern about access to suitable food, medicine in Brooklyn…

1 year ago

SoftBank Acquires Vision Fund ARM Stake At $64bn Valuation

Japan's SoftBank acquires 25 percent ARM stake from its Vision Fund unit in deal that values UK chip designer at…

1 year ago

PayPal To Pause UK Crypto Sales Until 2024

As UK regulator readies crypto advertising rules, PayPal says it will “temporarily pause” British users from buying cryptocurrencies

1 year ago

UK Launches £1 Billion FinTech Fund

FinTech Growth Fund, backed by Mastercard, Barclays and the London Stock Exchange, aims to fund financial technology companies before listing

1 year ago

Vietnam’s VinFast Car Maker Overtakes GM, Ford After IPO

Shares in VinFast surge 270 percent after IPO, valuing Vietnam’s car manufacturer ahead of Ford and General Motors

1 year ago

Foxconn Touts ‘Billions’ Of Dollars Investment In India

Apple iPhone maker Foxconn suggests it may invest billions of dollars in India, a month after withdrawing from planned chip…

1 year ago

Binance Seeks Protection From US Financial Regulator

Crypto exchange Binance files for court protective order against US SEC, alleging regulator requests were “unduly burdensome”

1 year ago

FTX’s Sam Bankman-Fried Sent To Jail Over Witness Tampering

FTX's Sam Bankman-Fried sent to jail in the US after judge revokes his $250 million bail over witness tampering

1 year ago

Apple, Amazon In Talks To Invest In ARM – Report

Amazon and Apple reportedly in talks with British chip designer ARM Holdings to be 'anchor investors' before September IPO

1 year ago

Kenya Halts Worldcoin Data Collection, Citing Privacy

Setback for Sam Altman's Worldcoin cryptocurrency project in Africa, as Kenya halts its iris-scanning data collection scheme

1 year ago

Apple Shares Fall, Amid Weak iPhone Sales

Solid Q3 results from Apple all things considered, but weak iPhone sales and outlook statement by CFO, dampens investor hopes

1 year ago

ARM Targets $60 Billion Valuation For IPO

Owner Softbank seeks valuation of $60 to $70 billion for September IPO of British chip designer ARM Holdings

1 year ago

Campaign Finance Charge Against FTX’s Sam Bankman-Fried Dropped

Federal prosecutors drop another charge against FTX co-founder Sam Bankman-Fried, due to extradition agreement with Bahamas

1 year ago

Samsung Extends Chip Production Cuts After $7 Billion Loss

Electronics giant extends production cuts of memory chips after $7 billion loss in first half of 2023, but says the…

1 year ago

Listed US Firms Must Disclose Cyber Breaches In Four Days

US financial regulator adopts new rules to require publicly traded companies to disclose hacking incidents in just four days

1 year ago

FTX’s Sam Bankman-Fried Sued For More Than $1Bn

FTX files lawsuit against former CEO, seeking to recoup more than $1 billion, and alleging funds were used to cover…

1 year ago

Celsius Founder Alex Mashinsky Arrested, Charged

Alexander Mashinsky, founder and CEO of bankrupt Celsius Network has been arrested and charged by US authorities

1 year ago

FCA CEO Warns Of AI Disruption To Financial Services Sector

Head of financial regulator warns of threat posed by AI for online fraud and cyber risk, as UK seeks leadership…

1 year ago

Nvidia In Talks To Be Anchor Investor In ARM – Report

GPU powerhouse reportedly in talks with British chip designer ARM, ahead of its September floatation in New York

1 year ago

Samsung Warns Of 96 Percent Q2 Profit Plunge

Ongoing glut in chips sees Samsung warn that its second quarter profits are likely to plunge a staggering 96 percent

1 year ago

Salesforce Invests $4 Billion In UK Amid AI Push

CRM giant Salesforce confirms it will invest $4bn in its UK business over the next five years, in the face…

1 year ago

Intel Restructures Manufacturing Business, Shares Slide

During investor update, Intel confirms manufacturing business will work like a separate unit as part of Pat Gelsinger's foundry plan

2 years ago

Terra Co-Founder Do Kwon Prison Sentence

Court in Montenegro jails Terraform Labs founder Do Kwon and CFO for four months, for forging official documents

2 years ago

Microsoft Reaches $2.6 Trillion Valuation Thanks To AI

Software giant Microsoft breaches $2.6 trillion valuation, but Apple remains the most valuable publicly listed tech company

2 years ago

ARM In Talks With Potential IPO Investors – Report

Talks with potential 'anchor investors' in ARM's upcoming IPO may include Intel, Alphabet, Apple, Microsoft, TSMC, Samsung etc

2 years ago