Nvidia to replace Intel this week on Dow Jones Industrial Average after years of turmoil and missing out on the AI boom
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Apple Sales Rise 6 Percent After Early iPhone 16 Demand
Fourth quarter results beat Wall Street expectations, as overall sales rise 6 percent, but EU tax ruling hits profits
Nvidia Surpasses Apple As World’s Most Valuable Company
Stock rally takes Nvidia once again to top of list as world's most valuable listed company, amist continued AI data centre boom
Nigerian Court Orders Release Of Binance Executive
After charges are dropped, Nigerian court orders the release of Binance executive Tigran Gambaryan who is poor health
Worldcoin Rebrands To World Network, Ramps Up Iris Scanning
Sam Altman's Worldcoin rebrands itself as pledges to ramp up its controversial iris-scanning crypto project
Fisker Unable To Migrate EV Data To New Owner’s Server
Firesale buyer files emergency objection, after bankrupt Fisker states it cannot transfer vital EV data to new servers
Canadian Crypto Expert Denies He Is Satoshi Nakamoto
After HBO documentary names Canadian crypto expert Peter Todd as Bitcoin inventor – but he denies he is Satoshi Nakamoto
Mark Zuckerberg Overtakes Bezos To Become Second-Richest Man
Billionaire battle. Meta's boss Mark Zuckerberg overtakes Jeff Bezos to become the world’s second richest man
X Value Down By 79 Percent Since Elon Musk Purchase
X shareholder estimates value of firm formerly known as Twitter, is down nearly 80 percent since Elon Musk takeover
Blackstone To Invest £10bn For Blyth AI Data Centre
Blackstone to invest £10 billion in data centre in England's north east, at proposed site of Britishvolt battery factory
US DoJ Sues Visa For ‘Monopolising’ Debit Cards
Visa hit with lawsuit from US Department of Justice, over allegations of threatening merchants with high fees and paying off potential rivals
FTX’s Caroline Ellison Sentenced To Two Years In Prison
Caroline Ellison, former girlfriend of Sam Bankman-Fried, sentenced to two years in prison, despite testifying for prosecution in fraud trial
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