Financial Markets

SEC Charges Celebrities Over Cryptocurrency Endorsements

Lindsay Lohan, Jake Paul and other celebrities charged by the US financial watchdog over cryptocurrency endorsements

2 years ago

Cryptocurrencies Rise After US Authorities Rescue SVB Depositors

Cryptocurrencies rise after US authorities intervene to restore confidence in banking sector following collapse of Silicon Valley Bank

2 years ago

Failed Silicon Valley Bank UK Arm Sold To HSBC For £1

Government facilitates sale of UK operations of failed Silicon Valley Bank to HSBC as authorities work to limit fallout of…

2 years ago

Silvergate Bank To Close Down, Amid FTX Aftermath

Silvergate Capital, one of the two main banks for the crypto industry, announced on Wednesday that it will wind down…

2 years ago

Elon Musk Admits “Massive Decline” In Ad Revenue

Elon Musk says Twitter may be cash flow-positive next quarter, which may not surprise observers after all his cost-cutting

2 years ago

ARM Disappoints UK With Decision To List Only In New York

UK Financial Conduct Authority blamed for 'inflexibility', as ARM owner Softbank opts for US-only public listing

2 years ago

Ransomware Hackers Ask Victims For Cyber Insurance Details

Varonis warns that HardBit ransomware asks victims to share their cyber insurance details, to help achieve their extortion aims

2 years ago

Avaya Files For Chapter 11 Protection, Again

Filing for bankruptcy protection will allow cloud comms provider Avaya to reduce its total debt burden to manageable levels

2 years ago

Funding Round Values China EV Maker Zeekr At $13bn

Geely electric vehicle brand Zeekr valued at $13bn following latest external funding round, as company prepares for possible IPO

2 years ago

Google Shares Still Down After Bard AI ChatBot Blunder

Shares in Alphabet still down, days after launch of Google's AI powered chatbot was blighted by demo of flawed response

2 years ago

ARM Boss Committed To Public Listing In 2023

Chief executive Rene Haas says ARM is committed to an initial public offering this year, and plans are “underway now”

2 years ago

Alphabet Earnings Miss Expectations, As YouTube Declines

Google parent Alphabet has felt the impact of reduced advertising spending, after its latest financials mostly missed Wall Street expectations

2 years ago

Amazon Posts Annual Loss Amid Restructuring

Worse than anticipated earnings for Amazon on Thursday, amid difficulties after pandemic boom and 18,000 job losses

2 years ago

Apple Disappoints By Missing Wall Street Expectations

Financial results from Apple highlight weakening consumer demand, as it insists iPhone production problems are over

2 years ago

Meta Pleases Investors With ‘Year Of Efficiency’ Pledge

After heavy Metaverse spending in 2022, Mark Zuckerberg points to cost savings in 2023 after big drop in profits in…

2 years ago

UK Government Details Plan To Regulate Crypto, Post FTX

HM Treasury reveals 'ambitious plans' to protect consumer and businesses by 'robustly regulating cryptoasset activities'

2 years ago

PayPal To Axe 7 Percent Of Workforce

More job losses as PayPal announces plan to lay off 2,000 staff amid “challenging macroeconomic environment”

2 years ago

Spotify Beats Estimates, But Losses Soar

Spotify beats analysts' estimates on user and subscriber growth, but podcast investment strategy sees ballooning losses

2 years ago

Crypto Lender Genesis Files For Chapter 11

Another victim of the fallout from FTX collapse, as crypto lender Genesis files for Chapter 11 bankruptcy protection

2 years ago

Feds Arrest Russian Founder Of Crypto Exchange Bitzlato

Bitzlato crypto exchange founder arrested in US for money laundering, and charged with $700m financial crimes

2 years ago

Elon Musk ‘Lied’ With Tesla Privatisation Tweet, Alleges Attorney

Trial begins in San Francisco between Elon Musk and Tesla shareholders over his controversial “privatisation” tweet in 2018

2 years ago

FTX Claims $415m Crypto Was Hacked

FTX has now identified roughly $5.5 billion worth of digital assets for recovery, but said $415m has been hacked

2 years ago

Bank of England Governor Questions Need For Digital Pound

Not surprising. Crypto critic and Bank of England Governor Andrew Bailey questions need for a digital pound

2 years ago

Tim Cook Agrees To Huge Pay Cut

Apple acts on Tim Cook's recommendation and severely reduces his salary, but the CEO will still take home nearly $50…

2 years ago

ARM London Listing Sought By PM Rishi Sunak – Report

British government reportedly makes fresh attempt to convince ARM owner Softbank for public listing in London

2 years ago

Elon Musk Breaks World Record For Loss Of Personal Fortune

But will he care?. Largest ever loss of a personal fortune by Elon Musk has been confirmed by Guinness World…

2 years ago

FTX Recovers $5bn In ‘Liquid’ Assets

Potential good news for customers, as lawyers for FTX say at least $5 billion of liquid assets have been recovered

2 years ago

UK Mulls Cryptocurrency Version Of Sterling

Government minister confirms UK is progressing a digital pound, following similar digital currency moves in India, Taiwan and elsewhere

2 years ago

FTX’s Sam Bankman-Fried Pleads Not Guilty To Fraud Charges

Faced a possible 115 years in prison, FTX's Sam Bankman-Fried pleads not guilty to fraud charges, as trial is slated…

2 years ago