Nasdaq 500 and S&P 500 experienced their biggest single-day percentage drops since 2022, after US technology stocks plunged due to disappointing earnings by Alphabet and Tesla. The Nasdaq Composite dropped
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Tesla’s second quarter profit dropped 45 percent compared to a year earlier as global electric car sales continued their decline despite price reductions and low-interest finance. The Texas-based firm said
The parent company of Google, Alphabet has seen its second quarter profits rise due to a combination of growing cloud computing sales as well as search engine advertising. Alphabet exceeded
The first prototype of the company crashed during testing just under a calendar year ago. Rolls-Royce withdrew as a key technology provider and early shareholder three months ago. The New
Facebook’s Meta explored the possibility of investing multi-billions in EssilorLuxottica as it intensifies its efforts to develop smart eyewear. Multiple people familiar with the company’s thinking have confirmed that it
Semiconductor shares listed on Wall Street have lost almost $500 billion in market value since Wednesday, amid fears that trade tensions between China and Taiwan could escalate. Nvidia shares dropped
Ocado’s boss said that the company is committed to its London listing, even though it was relegated earlier this year from the FTSE 100. Tim Steiner said that he did
Goldman Sachs’ chief executive hailed “the early innings of a recovery in capital markets and M&A” after the investment firm announced that its quarterly profit more than doubled from the
Elon Musk, Bill Ackman and other tycoons have publicly endorsed Donald Trump for the White House race in the wake of the attempted assassination at a Pennsylvania rally. Musk, the
Envestnet, which sells specialised software for wealth management, has agreed to get acquired by an American private equity group, and a consortium consisting of traditional asset managers. The $4.5bn transaction
Microsoft and Apple resigned from their board observers seats at OpenAI to quell global regulators’ concern over the close relationship between big tech companies and a few powerful AI start
Ocado Group is planning to build a robotic third warehouse with its Japanese retail partners. The online supermarket group and technology company announced that it would expand its partnership with
Jeff Bezos is the founder and executive chair of Amazon and a multi-billionaire. He plans to sell shares worth almost $5 billion in the ecommerce group and technology. This will
The partnership between GSK CureVac that was formed during the pandemic is now restructured into a deal valued at up to €1,45 billion. The FTSE 100 drug company has acquired
Tesla’s deliveries surpassed Wall Street expectations Tuesday, as its price cuts and incentives stimulated demand. Elon Musk’s carmaker delivered 443,956 cars in the three-month period ending June. This is a
The proposed Japanese takeover by Graphcore of the British artificial-intelligence company is being reviewed for national security reasons amid concerns that foreign investors are targeting UK technology. SoftBank, a Tokyo-based