WeWork warned it might go bankrupt, sending its shares at zero on Wednesday. This is a shocking turn of events for a firm that was once privately valued at $47 billion.   The SoftBank-backed firm has been in disarray ever since its ambitions to go public in 2019 exploded as a result of...

On Wednesday, Bob Iger, the CEO of Walt Disney, recognised that the entertainment firm confronts a "challenging environment" in the near future, but he also emphasised progress in cost-cutting and a focus on creativity, even as quarterly results revealed Disney's weak points.   In...

Even as Hollywood authors and actors fight to curb the industry's exploitation of the technology, Walt Disney has established a task force to investigate artificial intelligence and how it may be deployed across the entertainment giant.   The group was established earlier this year, ahead of...

Amazon.com is in discussions to join other technology firms as a cornerstone investor in SoftBank Group Corp.'s Arm Ltd prior to the company's initial public offering (IPO), according to reports quoting sources with information of the matter.   The IPO's probable participation by Amazon,...

As decreasing demand for its more expensive plant-based meat products shows no signs of recovery, Beyond Meat lowered yearly revenue prediction and missed second-quarter net sales estimates, sending shares down 8% in extended trading on Monday.   Customers are choosing cheaper animal protein...

Payments behemoth PayPal has announced the creation of a U.S. dollar stablecoin, making it the first significant financial technology company to accept digital currencies for transfers and payments.   The news from PayPal, which increased its stock price by 2.66% on Monday, is a vote of...

A date for Elon Musk's proposed fight with Meta Chief Executive Mark Zuckerberg is "still in flux," Musk said on Sunday, adding that the event will be live-streamed on social media site X, formerly known as Twitter.   "I'm getting an MRI of my neck & upper back tomorrow. May require...

According to two sources with knowledge of the situation, Credit Suisse will begin laying off about 80% of its investment banking employees in Hong Kong this week as part of its integration with UBS Group.   The layoffs that would affect Credit Suisse's 100-person investment banking unit in...

In an effort to strengthen its smartphone business once again, Huawei on Friday unveiled HarmonyOS 4, the newest version of its mobile operating system, and an improved A.I assistant.   The Shenzhen-based telecom company is attempting to recoup from U.S. sanctions that cut it off from...

Days after the trading app announced it had made a profit for the first time as a publicly traded firm, Google parent company Alphabet announced that it had reduced its ownership position in Robinhood Markets by almost 90%.   The breakout financial technology app during the pandemic, when...

On Thursday, Coinbase Global exceeded estimates for second-quarter revenue due to higher interest income, and its management stated that the cryptocurrency exchange anticipates winning its legal battle with the U.S. securities commission.   The US Securities and Exchange Commission filed a...