Elon Musk firm touts cheaper EV models, as profits slump over 50 percent in the face of falling sales and staff layoffs
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US SEC Seeks $5.3 Billion Fine From Terra’s Do Kwon
Financial regulator asks New York judge to impose $5.3 billion in fines against Terraform Labs and Do Kwon in civil fraud case
Trump Media Warns Of ‘Potential Market Manipulation’
Shares in Trump social media platform owner rise after chief executive warns of 'naked' short sellers trying to manipulate stock price
TSMC Shocks Investors With Lower Chip Growth Forecast
TSMC pulls back on forecast of global chip industry growth for 2024, stirring concerns around expected recovery this year
Netflix Reports Profits Surge, But Forecast Disappoints
Netflix shares slump as it reports profit surge but says it will stop reporting subscriber metrics next year
Trump Media Shares Buckle Over Secondary Offering Plans
Shares in Donald Trump's social media company Trump Media plummet on Monday after company announces plans to issue millions more shares
Sam Bankman-Fried Appeals FTX Fraud Sentence Of 25 Years
Disgraced crypto billionaire and former FTX CEO Sam Bankman-Fried appeals 25 prison sentence for masterminding huge fraud
Tesla Shares Dive After EV Shipments Disappoint
Investors unhappy after Tesla posts a shipment slump in first quarter despite price cuts, amid concern about user demand for EVs
Intel Shares Slide After Foundry Business Posts $7 Billion Loss
Intel's share price falls 8.2 percent after its contract chip-making business posted an operating loss of $7 billion
Shares In Trump’s Truth Social Firm Rise, Then Tumble
A week after public listing, Donald Trump's firm sees share price fall 21 percent, losing $4 billion in market value
FTX’s Sam Bankman-Fried Sentenced To 25 Years In Prison For $8bn Fraud
Dramatic downfall. Sam Bankman-Fried sentenced to 25 years in prison for masterminding $8bn fraud that brought down FTX
Trump’s Truth Social Makes Successful Market Debut
Shares in Donald Trump’s social media company rose about 16 percent after first day of trading on the Nasdaq
Trump’s Truth Social Moves Closer To $5bn Merger
Donald Trump social media firm Truth Social moves step closer to public offering via acquisition by shell company as investors approve deal
Reddit Shares Surge After Successful NYSE IPO
Reddit enjoys successful initial public offering in New York, as shares rose which in turn pushed its market cap to $8 billion
UK Judge Rules Craig Wright Is Not Bitcoin’s ‘Satoshi Nakamoto’
Australian computer scientist Dr Craig Wright is not the Bitcoin inventor Satoshi Nakamoto, UK High Court judge rules
Reddit Seeks Valuation Up To $6.4bn In NYSE Listing
Social media platform Reddit seeks valuation of up to $6.4 billion in NYSE listing, as users express concern about investor scrutiny
Spain Temporarily Bans Worldcoin Eyeball Scans Over Privacy
Privacy watchdog in Spain orders Worldcoin to halt eyeball scans to make digital IDs in exchange for crypto
LinkedIn Admits Premium Subscriptions Bring In $1.7bn
LinkedIn makes rare disclosure, and admits premium subscription business delivered $1.7 billion in revenue in 2023
Reddit Looks For $6.5bn Valuation In NYSE IPO
Social media platform Reddit looks for $6.5bn IPO valuation, significantly down from $10bn value in 2021 private funding funding round
Nvidia Shares Close Over $2tn For First Time
Shares of Nvidia close over $2tn for first time after Dell reports surge in demand for AI servers, amidst ongoing stock market boom
US SEC Investigates If OpenAI Investors Were Misled – Report
Financial regulator examines internal comms of CEO Sam Altman, after his shock firing for not being “consistently candid in communications”
Bitcoin Pushes Past $60,000, In First Time Since November 2021
Going up. Bitcoin surges past $60,000 on Wednesday, reportedly driven by huge inflows into the US-based spot ETFs
Lawyer For Bankman-Fried Urges Judge Not To Impose 100-Year Sentence
Sam Bankman-Fried’s lawyer asks US judge to reject 100-year recommended prison sentence for disgraced FTX co-founder
Google Pay To Close In US, To ‘Simplify’ Payment Apps
Mobile payments service from Google to be changed again, with shuttering of standalone Google Pay app in the US
Terra’s Do Kwon To Miss Start Of SEC Trial In US
US lawyer for disgraced cryptocurrency tycoon Do Kwon admits his client will likely miss start of SEC fraud trial
Nvidia Briefly Surpasses $2tn Valuation On AI Demand
Investors drive Nvidia shares briefly over $2tn after company reveals staggering financial benefits from AI boom
Nvidia Nears $2 Trillion Value, As AI Boosts Profits, Sales
Financial results surpass Wall Street expectations and drive Nvidia's market value close to the $ 2 trillion mark
Terra’s Do Kwon Should Be Extradited to US, Montenegro Court Rules
Court in Montenegro rules disgraced cryptocurrency tycoon Do Kwon should be extradited to US, not South Korea
Cisco Confirms It Will Cut More Than 4,000 Jobs
Bad news confirmed for employees at Cisco, after business confirms that more than 4,000 jobs are to be axed
Musk Confirms SpaceX Incorporation Moved From Delaware To Texas
After Delaware judge vetoed Elon Musk's $56 billion pay package, billionaire moves SpaceX incorporation to Texas