Lindsay Lohan, Jake Paul and other celebrities charged by the US financial watchdog over cryptocurrency endorsements
TECHNOLOGY POWERING BUSINESS
News Financial Markets
Budget 2023: Industry Reaction To Quantum Investments etc
UK is the world's third largest tech economy, so Chancellor of the Exchequer Jeremy Hunt’s spring 'growth' budget has generated some reaction
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
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 biggest bank failure since 2008
Silvergate Bank To Close Down, Amid FTX Aftermath
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
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
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
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
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
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
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”
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
Amazon Posts Annual Loss Amid Restructuring
Worse than anticipated earnings for Amazon on Thursday, amid difficulties after pandemic boom and 18,000 job losses
Apple Disappoints By Missing Wall Street Expectations
Financial results from Apple highlight weakening consumer demand, as it insists iPhone production problems are over
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 2022
UK Government Details Plan To Regulate Crypto, Post FTX
HM Treasury reveals 'ambitious plans' to protect consumer and businesses by 'robustly regulating cryptoasset activities'
PayPal To Axe 7 Percent Of Workforce
More job losses as PayPal announces plan to lay off 2,000 staff amid “challenging macroeconomic environment”
Spotify Beats Estimates, But Losses Soar
Spotify beats analysts' estimates on user and subscriber growth, but podcast investment strategy sees ballooning losses
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
Feds Arrest Russian Founder Of Crypto Exchange Bitzlato
Bitzlato crypto exchange founder arrested in US for money laundering, and charged with $700m financial crimes
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
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
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
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 million
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
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 Records
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
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
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 for October