Financial Markets

ARM Shares Soar 25 Percent After Nasdaq Listing

Successful public listing for ARM Holdings in the US after its shares rise 25 percent above Nasdaq debut price

8 months ago

ARM Holdings IPO Values Firm At £43.6 Billion

Ahead of its shares listing on Thursday, British chip designer ARM Holdings secures a market value of $54.5bn (£43.6bn)

8 months ago

Apple And ARM Sign Long-Term Chip Deal

Apple has struck a deal with ARM through 2040 and “beyond,” to allow iPhone giant access to the British chip…

8 months ago

Binance Product Head Resigns Amid US Investigation

Binance's global head of product resigns, amid a number of executive departures, job losses, and US regulatory lawsuit

8 months ago

ARM Signs Up Major Tech Firm Investors, Prices IPO

Apple, Alphabet, Intel, Samsung etc sign up as investors in ARM's upcoming IPO, as management lowers listing valuation

8 months ago

Mastercard Ends Binance Card Partnership

Latest blow to crypto giant as Mastercard ends Binance-branded cards in certain regions, following similar move by Visa

8 months ago

Nvidia Reaps AI Chip Demand As Profit Surges

Quarterly profits at Nvidia rocket up 843 percent, as GPU powerhouse benefits massively from demand for AI chips

8 months ago

FTX’s Sam Bankman-Fried Surviving On ‘Bread And Water’

Jail is not agreeing with vegan Sam Bankman-Fried, as lawyers express concern about access to suitable food, medicine in Brooklyn…

8 months ago

SoftBank Acquires Vision Fund ARM Stake At $64bn Valuation

Japan's SoftBank acquires 25 percent ARM stake from its Vision Fund unit in deal that values UK chip designer at…

8 months ago

PayPal To Pause UK Crypto Sales Until 2024

As UK regulator readies crypto advertising rules, PayPal says it will “temporarily pause” British users from buying cryptocurrencies

9 months ago

UK Launches £1 Billion FinTech Fund

FinTech Growth Fund, backed by Mastercard, Barclays and the London Stock Exchange, aims to fund financial technology companies before listing

9 months ago

Vietnam’s VinFast Car Maker Overtakes GM, Ford After IPO

Shares in VinFast surge 270 percent after IPO, valuing Vietnam’s car manufacturer ahead of Ford and General Motors

9 months ago

Foxconn Touts ‘Billions’ Of Dollars Investment In India

Apple iPhone maker Foxconn suggests it may invest billions of dollars in India, a month after withdrawing from planned chip…

9 months ago

Binance Seeks Protection From US Financial Regulator

Crypto exchange Binance files for court protective order against US SEC, alleging regulator requests were “unduly burdensome”

9 months ago

FTX’s Sam Bankman-Fried Sent To Jail Over Witness Tampering

FTX's Sam Bankman-Fried sent to jail in the US after judge revokes his $250 million bail over witness tampering

9 months ago

Apple, Amazon In Talks To Invest In ARM – Report

Amazon and Apple reportedly in talks with British chip designer ARM Holdings to be 'anchor investors' before September IPO

9 months ago

Kenya Halts Worldcoin Data Collection, Citing Privacy

Setback for Sam Altman's Worldcoin cryptocurrency project in Africa, as Kenya halts its iris-scanning data collection scheme

9 months ago

Apple Shares Fall, Amid Weak iPhone Sales

Solid Q3 results from Apple all things considered, but weak iPhone sales and outlook statement by CFO, dampens investor hopes

9 months ago

ARM Targets $60 Billion Valuation For IPO

Owner Softbank seeks valuation of $60 to $70 billion for September IPO of British chip designer ARM Holdings

9 months ago

Campaign Finance Charge Against FTX’s Sam Bankman-Fried Dropped

Federal prosecutors drop another charge against FTX co-founder Sam Bankman-Fried, due to extradition agreement with Bahamas

9 months ago

Samsung Extends Chip Production Cuts After $7 Billion Loss

Electronics giant extends production cuts of memory chips after $7 billion loss in first half of 2023, but says the…

9 months ago

Listed US Firms Must Disclose Cyber Breaches In Four Days

US financial regulator adopts new rules to require publicly traded companies to disclose hacking incidents in just four days

9 months ago

FTX’s Sam Bankman-Fried Sued For More Than $1Bn

FTX files lawsuit against former CEO, seeking to recoup more than $1 billion, and alleging funds were used to cover…

9 months ago

Celsius Founder Alex Mashinsky Arrested, Charged

Alexander Mashinsky, founder and CEO of bankrupt Celsius Network has been arrested and charged by US authorities

10 months ago

FCA CEO Warns Of AI Disruption To Financial Services Sector

Head of financial regulator warns of threat posed by AI for online fraud and cyber risk, as UK seeks leadership…

10 months ago

Nvidia In Talks To Be Anchor Investor In ARM – Report

GPU powerhouse reportedly in talks with British chip designer ARM, ahead of its September floatation in New York

10 months ago

Samsung Warns Of 96 Percent Q2 Profit Plunge

Ongoing glut in chips sees Samsung warn that its second quarter profits are likely to plunge a staggering 96 percent

10 months ago

Salesforce Invests $4 Billion In UK Amid AI Push

CRM giant Salesforce confirms it will invest $4bn in its UK business over the next five years, in the face…

10 months ago