Meme stock GameStop, known for a stellar rally in 2021 spurred by social media, shows volatility on news of probes into 'Roaring Kitty'
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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
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
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
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 valuation
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
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 AI frenzy
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 Fisker to do so
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
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
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
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 case
WeWork Emerges From Bankruptcy Protection
WeWork, once valued privately at $47bn and seen as future of workplace, emerges from bankruptcy protection in US
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 Tesla investor files lawsuit
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 the most valuable tech firms
Alphabet Names Anat Ashkenazi As CFO
Anat Ashkenazi swaps CFO role in pharmaceutical industry to join Alphabet, replacing outgoing CFO Ruth Porat
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 firm
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
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
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
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
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 $11bn
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
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
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
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
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
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 market
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
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