According to reports quoting sources with knowledge of the matter, the banks supplying $13 billion in funding for Tesla CEO Elon Musk's purchase of Twitter Inc have decided to abandon plans to sell the debt to investors due to uncertainty surrounding the social media company's fortunes and...

Snap Inc shares fell nearly 30% in premarket trading on Friday, following the company's forecast of zero revenue growth, indicating that the social media sector, which is heavily reliant on digital advertising, is in for more pain.   Alphabet Inc, the parent company of YouTube, Meta Platform...

On Friday, Verizon Communications Inc reported a 23 per cent drop in ts profits for the third quarter while also missing estimates of the market for the addition of new customers for its wireless services, even as several existing consumers switched to less...

Six Volkswagen investors filed a lawsuit this week against the automaker for refusing to discuss whether its lobbying activities could jeopardize their investments at its annual general meeting (AGM), the investors said.   The investors, which include the Swedish public pension funds AP7,...

Tesla Inc announced that the leading electric car maker of the world was likely to not live up to its vehicle delivery target for the current year, but it also sought to downplay worries about weakening demand now since revenue fell short of Wall Street expectations.   On...

A Moscow court fined Amazon.com Inc 4 million roubles ($65,000) on Tuesday for failing to remove banned content relating to drug use and suicide, the first such penalty for the US tech giant in Russia.   Russia has fined other foreign technology firms for failing to remove content, as part...

With the Wall Street giant bank Goldman Sachs Group Inc reporting a lower than expected, 44 per cent drop in profits for the third quarter profit on Tuesday, the lending giant also unveiled a plan to reorganize its business into three units in its biggest overhaul since 2020.   The bank's...

According to analyst firm CCS Insight, Apple will probably launch an iPad with a folding screen in 2024, and the company will begin experimenting with foldable technology soon.   On Tuesday, CCS Insight released its annual predictions report, in which the company's analysts make predictions...

In a new advertisement, Meta targets Apple's iMessage, heightening the rivalry between the two companies.   A photo of an advertisement in New York's Penn Station claiming that Meta's WhatsApp is more secure and private than Apple's messaging system and traditional text messages was shared...

According to the Nikkei, Apple Inc has put plans to use memory chips from China's Yangtze Memory Technologies Co in its products on hold after Washington tightened export controls against Chinese technology companies.   According to Nikkei, Apple had originally planned to begin using...

According to several industry sources, oil output at the massive Exxon-led Sakhalin-1 Russian Pacific project has been halted due to the U.S. major's refusal to accept local insurance for tankers after Western insurers withdrew due to sanctions.   Western insurers have pulled coverage from...