Elon Musk firm touts cheaper EV models, as profits slump over 50 percent in the face of falling sales and staff layoffs
TECHNOLOGY POWERING BUSINESS
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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
Oracle To Invest More Than $8 Billion In Cloud, AI In Japan
Oracle's huge AI, Cloud investment in Japan will meet growing local demand and address digital sovereignty requirements
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
Alphabet Mulls Offer For Marketing Software Firm HubSpot
Amidst antitrust scrutiny, Alphabet reportedly plans on making an offer for HubSpot to bolster CRM and cloud position
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
CMA Begins Phase 2 Probe Of Vodafone Merger With Three UK
Deadline expired for Vodafone to allay CMA concerns over merger with Three UK. In-depth Phase 2 investigation begins
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
The Netherlands To Spend Billions To Retain ASML Operations
Dutch government will spend 2.5 billion euros ($2.7 billion) to improve infrastructure in Eindhoven, to ensure ASML doesn't move abroad
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
Amazon Pumps Another $2.75 Billion Into Anthropic
Amazon completes its $4bn investment into AI firm Anthropic, after providing an additional $2.75bn in funding
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
Vodafone Germany Confirms 2,000 Job Losses, Amid European Restructuring
More downsizing at Vodafone after German operation announces 2,000 jobs will be axed, as automation increases in the future
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
UK Gives Three, Vodafone Five Days To Avoid In-Depth Merger Probe
CMA concerned the merger would lead to a 'substantial lessening of competition' and result in higher prices for consumers
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
Intel To Spend $100bn In US, After Biden’s $20bn Award
Big investment planned for US, after Intel wins nearly $20 billion in loans and funding from Biden Administration
Vodafone Sells Italian Operation For €8 Billion
Last downsizing move? Vodafone sells off another European unit, namely its Italian operation to Swisscom for €8bn in cash
Former Treasury Secretary Steve Mnuchin Gathers Investors To Buy TikTok – Report
But will China sell? Former US Treasury Secretary claims he is putting together investor group to buy China's TikTok
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
UK Joins EU’s Chip Research Program
UK joins European Union's chip funding research scheme, pledging £35 million for EU's 'Chips Joint Undertaking'
Telegram Reaches 900m Users, Nears Profitability
Encrypted messaging app Telegram reaches 900 million users, nears profitability as secretive company considers IPO
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
Elliott Walks Away From Currys Offer
Shares in Currys plunge as US investment firm Elliiott Advisers walks away from making offer after being rejected by board 'multiple times'
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