Caroline Ellison, former girlfriend of Sam Bankman-Fried, sentenced to two years in prison, despite testifying for prosecution in fraud trial
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Trump Media Shares Fall To All-Time Low
Shares in Trump Media fall to all-time low on first day former president is entitled to sell his holdings in social media company
Intel To Spin Off Foundry Unit As Independent Subsidiary
Turnaround latest. Intel Foundry to become independent subsidiary, while chip factory construction in Germany and Poland will be paused
Former Girlfriend of FTX’s Bankman-Fried Seeks To Avoid Prison
Ahead of her sentencing later this month, former cryptocurrency executive Caroline Ellison, asks judge to spare her from prison
Nvidia Market Value Hit By Historic Single-Day Drop
Nvidia market value sees biggest single-day decline on record for a US company, as investors pull back from AI speculation
Intel ‘May Be Removed’ From Dow Index
Intel likely to be removed from Dow Jones Industrial Average amidst ongoing turnaround challenges, report finds, as stock takes another hit
Intel Questioned By US Senator Over Job Cuts After $20bn Grant, Loans
Intel CEO questioned by republican senator on 15,000 job cuts, after chip giant being awarded $20bn US grant
Shares In Nvidia Fall, Despite Record Profits, Sales
Nvidia announces $50 billion stock buyback after impressive Q2 financials, but shares slip despite strong demand for AI chips
Nasdaq Seeks Permission For Bitcoin Index Listing Option
SEC approval being sought by Nasdaq to launch and trade options on a bitcoin index, after similar move by NYSE
Revolut Valued At $45 Billion, More Than Barclays, NatWest
Secondary share sale sees UK's Revolut now worth more than Barclays, NatWest and other large European banks
Cisco Confirms Second Round Of Major Job Cuts In 2024
Second round of layoffs in 2024, as Cisco confirms it will axe a further 7 percent of its workforce or roughly 6,000 jobs
Intel Sells Stake In British Chip Designer ARM
Amid its turnaround struggles and job cuts, Intel sells its 1.18 million share stake in UK chip designer ARM Holdings
Reddit CEO Hints At Subreddit Paywalls
Reddit co-founder and CEO has hinted that paywalls for certain subreddits could be on the way, in latest monetisation move
Intel Sued By Shareholders After Dividend Suspension, Stock Price Crash
Shareholders alleged being blindsided after Intel's weak Q2 results, job losses, dividend suspension, triggered share price plunge
Bitcoin Plummets As Investors Dump Risky Assets
Price of Bitcoin plunges sharply, ending rally that started in January with approval of spot Bitcoin ETFs as investors flee risky assets
Intel, Nvidia Stocks Slide Amidst Chip Turmoil
Intel stock price plummets most in 50 years after it announces job cuts, as Nvidia declines on report of AI antitrust probe
Apple Beats Expectations, Despite Falling iPhone Sales
Another solid quarterly financial performance from Apple, despite concerns over iPhone shipments in mainland China
Intel To Cut 15 Percent Of Workforce, Suspends Dividend
Shares in Intel plummet over 20 percent after chip giant confirms thousands of job losses and suspends dividend payments
Meta Posts Strong Q2 Amid Heavy AI Spending
Facebook parent Meta Platforms delivers strong Q2 financials which beats Wall Street expectations, raising its share price
Microsoft Slowdown In Cloud Growth Worries Wall Street
Share price falls after investors react negatively, as Microsoft's Azure growth misses ambitious expectations
Intel To Cut Thousands Of Jobs – Report
Another round of layoffs reportedly on the cards for staff at Intel, in an effort to rebound from earnings slump
Revolut Gains UK Banking Licence
After three years of trying, fintech start-up Revolut finally recieves a UK banking licence, but with some restrictions from regulator
Alphabet Q2 Beats Expectations, But Shares Dip
Despite share buyback and positive Q2 results, Alphabet's share price falls over YouTube slowdown and margin declines
Wiz Rejects $23 Billion Acquisition Bid From Google – Report
Memo to staff from co-founder explains reason for walking away from Google's takeover bid, and confirms IPO intentions
Bitcoin ‘Creator’ Craig Wright Admits He Is Not Satoshi Nakamoto
Australian computer scientist Craig Wright referred to Crown Prosecution Service (CPS) to be considered for perjury charges
Trump Media Shares Rally After Assassination Attempt
Shares in Trump Media surge 33 percent after Saturday assassination attempt on former president as investors bet on reelection
Russia’s Central Bank Tells Businesses To Use Crypto To Avoid Sanctions
Sanctions busting. Russian businesses told to use cryptocurrencies and other digital options to make payments with foreign customers
Fisker Seeks Approval For Firesale Of Remaining EVs
Fisker asks bankruptcy judge for permission to sell remaining Ocean SUV at just $14,000 per EV, down from $70,000
Jeff Bezos To Sell $5 Billion Worth Of Amazon Shares
Needs to buy more yachts? After Amazon stock hits record high, founder Jeff Bezos to offload huge tranche of shares
Salesforce Shareholders Reject CEO Marc Benioff’s Compensation Plan
Compensation packages for Salesforce's top executives are rejected by shareholders and investors, despite backing from the board