Financial Markets

Coinbase, Binance Hit Back After SEC Lawsuits

Coinbase CEO Brian Armstrong hits out at SEC chair Gary Gensler, while Binance alleges Gensler sought role at crypto exchange

2 years ago

SEC Sues Binance, CEO, And Coinbase

US financial regulator alleges US clients of Binance have $2.2 billion at risk, after lawsuits against Coinbase and Binance

2 years ago

Twitter Value Collapses After Fidelity Writedown

Financial institution slashes estimate value of its Twitter stake, suggesting the Elon Musk firm value has decreased significantly

2 years ago

Nvidia Briefly Hits $1 Trillion Valuation

GPU powerhouse Nvidia briefly joins elite $1 trillion valuation club, after its share price continued to rise amid AI boom

2 years ago

Ericsson Whistleblower Awarded $279m By SEC

Nice little earner. Record $279 million award from the US SEC to unnamed Ericsson whistleblower, over bribery case

2 years ago

Virgin Orbit Shuts Down After Chapter 11 Filing

Sir Richard Branson ends Virgin Orbit operations going forward, with assets being sold off to rivals in space launch sector

2 years ago

Bail Rescinded For Terra Co-Founder Do Kwon

Higher court in Montenegro rescinds 800,000 euro bail for Do Kwon due to flight risk concerns, after US and South…

2 years ago

BT To Cut 55,000 Jobs By 2030

Sign of things to come? BT is cull 55,000 jobs by 2030, and says that a fifth of the roles…

2 years ago

Vodafone To Cut 11,000 Jobs, After Strategic Review

New boss of Vodafone loses little time and confirms 11,000 jobs are to go, as the operator seeks to turn…

2 years ago

Sam Altman Start-Up Worldcoin ‘Close To Securing $100m’

Worldcoin, co-founded by OpenAI chief Sam Altman, close to securing $100m in new funding round amidst 'crypto winter'

2 years ago

US Warns Of Economic Damage If China Invades Taiwan

Chinese invasion of Taiwan would likely shut down chip production, causing huge economic impact for the world, US warns

2 years ago

Apple Depressed Results Beat Expectations, Thanks To iPhone Sales

Profit slides, and revenues decline for second consecutive quarter, but results please investors after surprising iPhone sales

2 years ago

ARM Files For IPO, But Not In London

Softbank's ARM Holdings registers for public listing in the US, in a blow to UK listing hopes and high level…

2 years ago

Intel Posts Largest Ever Quarterly Loss, But Shares Rise

Intel posts largest ever quarterly loss in company history, coupled with a 36 percent decline in sales. But share price…

2 years ago

Meta Pleases Investors After Sales Rise, As Profits Dive

Plunge in profits at Facebook parent, but Meta pleases Wall Street after sales rose for first time after three quarters…

2 years ago

EU Agrees Comprehensive Framework For Crypto Regulation

EU Parliament approves 'Markets in Crypto Act' (MiCA) for regulation of crypto transparency, disclosure, authorisation, and supervision

2 years ago

UK Government To Deliver Crypto Laws In Next 12 Months – Report

Treasury minister says UK could introduce specific laws aimed at regulating cryptocurrency in next 12 months

2 years ago

Netflix Ends DVD By Post, Amid Password-Sharing Crackdown

Mostly positive results from Netflix, as streaming giant winds down legacy DVD via post program and expands password crackdown

2 years ago

Apple Doubles Investment In Carbon Removal Fund

Investment by Apple of another $200 million in the ‘Restore Fund’, to remove carbon emissions and support sustainable forestry

2 years ago

Samsung To Cut Chip Production Amid Profit Decline

Electronics giant Samsung will make “meaningful” cut to chip production, amid global downturn in semiconductor demand

2 years ago

Foreign Cash Flows Into China On Alibaba Breakup Plan

Foreign investment in China surges after Alibaba announces breakup plan, as investors see sign of more business-friendly attitude from Beijing

2 years ago

South Korea, US Seek Do Kwon Extradition

Who has first dibs? South Korea and the United States have both requested the extradition of Terra co-founder Do Kwon

2 years ago

Apple Launches Buy Now, Pay Later Service For US

Fintech move for Apple after it launches service to allow consumers in the US to pay for purchases over time

2 years ago

Sam Bankman-Fried Charged With Bribing Chinese Officials

New US indictment alleges FTX's Sam Bankman-Fried paid over $40 million to bribe at least one official in China

2 years ago

Investors Pull $1.6 Billion After US CFTC Charged Binance

Over a $1 billion withdrawn from biggest crypto exchange Binance, after regulators allege violation of US financial laws

2 years ago

Terra Co-Founder Do Kwon Arrested In Montenegro

Interpol confirms Do Kwon arrested after six months on the run, after spectacular demise of TerraUSD cryptocurrency

2 years ago

FTX Agrees Deal To Recover $400m From Hedge Fund

New management of failed crypto exchange FTX announce deal to recover more $400 million from a Bahamas-based hedge fund

2 years ago