Financial Markets

Alibaba Shares Briefly Plunge After Report About ‘Ma’

Alibaba Hong Kong shares briefly drop after ambiguous state media report about individual named 'Ma', as government strives to calm…

2 months ago

Apple Profits Surge, As Firm Warns Of Trouble Ahead

No interruption for the Apple gravy train, as it shrugged off supply chain troubles. However it forecasted bigger problems ahead

2 months ago

Tesla’s Elon Musk Sells Shares Worth $4bn, Promises No More

Elon Musk sells $4 billion of Tesla shares to help in his Twitter takeover, but indicates no further Tesla share…

2 months ago

Amazon Posts First Net Loss Since 2015, Amid Challenging Market

Disappointing results from Amazon with first loss since 2015, as inflation, fuel and warehouse costs and supply chain turmoil take…

2 months ago

Meta Pleases Investors After Daily User Number Growth Returns

Shares in Meta rose 20 percent in relief with modest daily and monthly user growth, despite mixed financial results in…

2 months ago

Alphabet Profit Slides As YouTube Misses Expectations

Tech giant posts mixed first quarter results, as Alphabet contends with rising inflation, increased YouTube competition, and falling ad spend

2 months ago

Twitter To Be Sold To Elon Musk For $44 Billion

Now what? Board of directors agrees to sell Twitter to the world's richest man, who has frequently criticised the platform…

2 months ago

Tesla Profits Hit New High In Spite Of Price Hikes

Tesla profits hit new record for first quarter, in spite of ongoing supply-chain disruption, Covid-19 restrictions, rising costs and price…

2 months ago

Musk In Talks With Thoma Bravo Over Joint Twitter Bid – Report

Media report suggests Elon Musk is in talks with private equity group Thoma Bravo about partnering up for possible Twitter…

3 months ago

Toshiba Says It Will Seek Buyout Offers

Strategic options. Japanese conglomerate shares rise after Toshiba says it will solicit deal offers, including buyout offers

3 months ago

Musk Secures $46.5 Billion Funding For Twitter Takeover

World's wealthiest man Elon Musk puts up $33.5 billion of his own money, as he readies for boardroom battle over…

3 months ago

Netflix Subscribers Fall For First Time In Ten Years

Streaming giant Netflix reveals loss of subscribers for the first time in ten years, and mulls lower-cost subscription plan with…

3 months ago

Amazon Adds Fuel, Inflation Surcharge To Sellers

US online shoppers could soon face high prices, after Amazon added a 5 percent “fuel and inflation surcharge” to the…

3 months ago

Investor Sues Elon Musk Over Late Share Disclosure

Twitter shareholder sues Elon Musk for failing to disclose his substantial stake in a timely manner, which impacted platform's share…

3 months ago

Elon Musk Will Not Join Twitter Board, CEO Confirms

Last minute u-turn from Elon Musk, as Parag Agrawal confirms Musk will not, after all, join the board of directors…

3 months ago

HP Shares Soar After Warren Buffett Reveals $4.2 billion Stake

Strategic move? Respected Wall Street investment group Berkshire Hathaway takes sizeable 11.4 percent stake in PC maker HP

3 months ago

Meta Finance Move With ‘Zuck Bucks’ Virtual Coins – Report

Plans at Meta to introduce virtual coins and lending services to its apps portfolio, despite cryptocurrency project collapse

3 months ago

Government Sets Out Plan To Recognise Stablecoins

Royal Mint to create a Non-Fungible Token (NFT) this summer, as the government unveils move to recognise stablecoins as a…

3 months ago

Bitcoin Mining Start-Up To Make Nasdaq Debut

Bitcoin mining and infrastructure start-up Prime Blockchain set to list on Nasdaq in merger with blank-cheque firm valuing it at…

3 months ago

Apple To Cut iPhone Production – Report

Inflation pressures, coupled with the Ukraine invasion have been blamed as Apple plans to lower production of iPhone SE and…

3 months ago

Anonymous Claims Hack Of Russia’s Central Bank

Hacking group's war on Russia continues with Central Bank hack claim. And Anonymous promises to release 35,000 files containing 'secret…

3 months ago

Bank Of England Begins To Outline UK’s Crypto Regulatory Approach

The UK's Bank of England begins this week to publicly outline its first regulatory framework for cryptoassets, amid ongoing concerns

4 months ago

Apple Acquires UK Fintech Credit Kudos – Report

Tech giant Apple reportedly acquires British fintech start-up Credit Kudos for $150m, to perhaps bolster its financial services operation

4 months ago

UK Watchdog Warns 50 Crypto Firms Of ‘Misleading Ads’

Enforcement notices dispatched. The UK's Advertising Standards Authority puts 50 crypto firms on notice over 'misleading ads'

4 months ago

BMW Blames Russian Invasion, As It Lowers Profit Forecast

German carmaker BMW warns of ongoing chip shortages and new supply chain disruptions caused by Russian's invasion of Ukraine

4 months ago

Tesla Raises Prices For Second Time In Days

Second price rise for Tesla electric vehicles in the space of a week, as inflationary pressure continues amidst Ukraine war

4 months ago

Toshiba’s Top Shareholder Opposes Breakup Plan

Years of turmoil at Japan's Toshiba continues, as leading shareholder opposes plan to break itself into three different units

4 months ago

Elon Musk Asks Judge For End Of Oversight Of His Tweets

Tesla boss Elon Musk formally asks a US judge to terminate the 2018 agreement with the SEC allowing lawyers to…

4 months ago

Intel’s Mobileye Files For IPO

Intel’s self-driving-car unit Mobileye files for IPO in the United States, in what could be one of the largest tech…

4 months ago