Financial Markets

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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

5 days ago

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…

7 days ago

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

2 weeks ago

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

2 weeks ago

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

2 weeks ago

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…

2 weeks ago

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”

3 weeks ago

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

3 weeks ago

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

3 weeks ago

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

3 weeks ago

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

3 weeks ago

Nvidia Briefly Surpasses $2tn Valuation On AI Demand

Investors drive Nvidia shares briefly over $2tn after company reveals staggering financial benefits from AI boom

3 weeks ago

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

4 weeks ago

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

4 weeks ago

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

1 month ago

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

1 month ago

Bitcoin Rise Sees Market Cap Cross $1 Trillion

Value of all bitcoin in circulation, or market cap, on Wednesday rose above $1 trillion mark for first time since…

1 month ago

Nvidia Now Worth More Than Amazon, Amid AI Chip Demand

Nvidia now worth more than the e-commerce and cloud giant Amazon, thanks to ongoing industry demand for AI chips

1 month ago

ARM Shares Nearly Double Amid AI Surge

Shares in ARM Holdings have exploded over the past week, after an optimist forecast almost doubled its share price

1 month ago

Jeff Bezos Offloads $2 Billion Worth Of Amazon Shares

Not enough yachts? Amazon founder Jeff Bezos sells 12 million shares for $2bn, after relocating to tax friendly Florida

1 month ago

Elon Musk Ordered To Testify In SEC Twitter Takeover Probe

SEC doubles down and orders Elon Musk to testify again, for investigation of his $44 billion Twitter purchase

1 month ago

Hacking Victims Paid $1.1bn In Ransoms Last Year

Chainalysis report finds ransomware victims paid cybercriminals a record $1.1 billion in cryptocurrency in 2023

1 month ago

TSMC To Build Second Factory In Japan

World’s largest chipmaker TSMC confirms it will build second fab in Japan, with backing from Sony and Toyota

1 month ago

Meta Pleases As ‘Year Of Efficiency’ Pays Off With FY23 Results

Mark Zuckerberg and his “year of efficiency” pledge made in Feb 2023, has been viewed as successful by investors

2 months ago

Apple Lowers iPhone Forecast, As Tim Cook Touts ‘AI Announcement’

Modest increase in first quarter profit and revenues, as Apple lowers iPhone shipment forecast, amid China sales decline

2 months ago

UK Police Holding Bitcoin Worth £1.4 Billion – Report

One of the world’s largest asset seizures saw British police in 2018 seize four devices containing more than 61,000 bitcoin

2 months ago

FTX Abandons Crypto Exchange Return

No coming back. Attorney for FTX confirms attempts to restart disgraced crypto exchange have been abandoned

2 months ago

Alphabet’s Ad Revenue Miss Punished By Investors

Another tech industry bellweather, Alphabet, delivers strong Q4 and FY23 financials, yet investors not happy at ad revenue miss

2 months ago

Microsoft Profit Rises 33 Percent Thanks To AI, Cloud

Strong AI adoption and cloud helps Microsoft deliver another strong quarterly performance, amid $3 trillion valuation

2 months ago