While denying China access to vital U.S. artificial intelligence processors, the Biden administration's sweeping new policies also secretly tossed Nvidia, Intel, and Advanced Micro Devices (AMD) a potential lifeline in one of the world's largest chip markets.   Officials at the United States...

When streaming industry pioneer Netflix reports earnings on Wednesday, it's anticipated that it will lay the groundwork for price rises following its crackdown on password-sharing, which likely increased subscribers by approximately 6 million in the third quarter.   In order to reach the...

With a tentative comeback in dealmaking offsetting the $864 million writedown relating to its GreenSky fintech firm and real estate investments, Goldman Sachs' third-quarter profit decreased less than anticipated.   The Wall Street juggernaut reported a 33% decline in net earnings to $2.06...

Following requests from its affluent customers, Ferrari has begun accepting cryptocurrency payments for its high-end sports vehicles in the U.S. and will expand the programme to Europe, according to its marketing and commercial chief, who spoke to Reuters.   Since bitcoin and other...

Xbox creator Microsoft completed its $69 billion acquisition of Activision Blizzard on Friday, bolstering its position in the video gaming market with top-grossing games like "Call of Duty" to more effectively fight with Sony, the market leader.   The largest gaming merger, first announced...

In light of the damaged memory chip market's tentative signs of recovery from a severe downturn, Samsung Electronics reported on Wednesday that its preliminary third-quarter profit fell by a smaller-than-expected 78%.   In contrast to a 1.4% increase in the overall market, Samsung shares...

Samsung Electronics' third-quarter profit is likely to be 80% lower than a year ago, as the impacts of a global chip oversupply cause losses in what is typically the South Korean tech giant's cash cow industry.   On Wednesday, the world's largest manufacturer of memory chips, smartphones,...

With China's Country Garden Holdings , the country's largest private property developer, deals with debt restructuring, it stated it may not be able to satisfy all of its offshore payment obligations when they are due or within the necessary grace periods.   "Such non-payment...

Citigroup Inc announced on Monday that it has agreed to sell its China consumer wealth portfolio to Asia-focused HSBC Holdings Plc, which includes clients, assets under management (AUM), and deposits.   The transaction will cover approximately $3.6 billion in deposits and investment AUMs and...

When Arm Holdings, the semiconductor company that enables artificial intelligence, went public this month, venture capital juggernaut Softbank realised a profit of more than $15 billion on its 2016 acquisition of Arm Holdings. But fewer investors are aware of Softbank's "other"...

Lee Rees, 43, a cryptocurrency trader located in London, made a nice income off of momentary price variations in the crypto market on a select few exchanges, one of which was FTX.   Rees lost $100,000, or roughly half of his annual income, when FTX crashed last year.   "It affected my...