finance
Uber, Down £11 Billion Since Friday, May Drop Even Further

Outpacing the New York Stock Exchange’s losses on another rocky day of trading, Uber’s disappointing IPO is becoming disastrous, falling an additional 10.8 per cent in its second day as a public company. Read More >>

apple
Apple Q2 2019 Earnings Show iPhone Business Stalling, But Services Expanding at Rapid Pace

Everyone has a theory: Maybe it’s that iPhones are too expensive. Maybe it’s that Apple’s quality control seems weaker, or that they’ve alienated consumers by removing consumer-friendly features like the headphone jack. Maybe it’s that iPhones keep getting more and more expensive at a time when consumers have realised the price premium isn’t worth it in an age of excellent mid-range phones, or just that consumers are upgrading less often. Maybe it’s all of these, or something else entirely. Read More >>

security
Programmer at Chinese Bank Jailed After Reportedly Finding a Secret Way to Withdraw £796,000

A software chief of a Chinese bank reportedly found a loophole in his company’s system and managed to stealthily withdraw seven million yuan (£795,665) over the course of 14 months. When he was caught, he explained he was testing the system. Huaxia Bank bought it, but the authorities didn’t. Read More >>

huawei
Report: Documents Show Extensive Huawei Ties to Suspected Fronts in Iran and Syria

Meng Wanzhou, the chief financial officer of Chinese tech giant Huawei and the daughter of its founder Ren Zhengfei, was detained in Canada late last year at the behest of U.S. authorities, who allege she oversaw a complex financial scam to violate nuclear sanctions on Iran. The incident has become a major source of tension amid the ongoing U.S.-China trade war – and according to a Tuesday report in Reuters, newly discovered corporate filings and other documents show the depth of Huawei’s ties to Iran as well as Syria. Read More >>

cryptocurrency
Report: Wall Street Is Getting Cold Feet on Bitcoin as Crash Continues

The crypto crash has continued, with about $700 billion (£552 billion) wiped off the market since its peak at around $800 billion (£631 billion) at the start of the year, and leaving a trail of destroyed startups behind it. Bitcoin at one point closed in on the $3,000 (£2,367) price mark, well below both its peak of nearly $20,000 (£15,779) in 2017 and a so-called “floor” of $6,000 (£4,734). And now major Wall Street firms once rumoured to be preparing entries to the cryptocurrency market—particularly bitcoin futures—appear to have gotten cold feet after a brutal beatdown in crypto prices this year, Bloomberg reported on Sunday. Read More >>

cryptocurrency
Cryptocurrencies Just Plummeted £9.8 Billion in Value Over the Course of a Few Hours

The cryptocurrency markets saw a significant crash on Wednesday (Eastern local time), with just short of £10 billion in value wiped out over the course of just three hours, CNBC reported. Read More >>

Tesla
Report: Saudi Arabia May Be Planning a Major Bid for Tesla’s Leveraged Buyout

The official sovereign wealth fund of the Saudi Arabian government may be considering a major investment in Elon Musk’s electric car giant Tesla, and sources say it is “in talks” to do so after Musk let slip via Twitter that he is considering taking the company private in a $60-billion-plus (£47-billion-plus) deal at $420 (£330) a share, Bloomberg reported on Sunday. Read More >>

facebook
Facebook: Hey Can We Pretty Please Maybe Have Lots of Your Banking Information Too?

Facebook is looking to gobble up users’ financial information, including such tidbits as “card transactions and checking-account balances,” as part of its relentless effort to swallow up yet more of the web, the Wall Street Journal reported on Monday. Read More >>

paypal
Paypal: Dying While Owing Us Money is Unacceptable to Us

E-payments company Paypal sent a deceased customer an email more or less stating that the cessation of life functions – and thus an inability for the customer in question to clear their remaining account balance – was a violation of site policy. Read More >>

facebook
Facebook Stock Hits All-Time Record High Despite Ongoing Screw-Ups

Facebook’s Cambridge Analytica scandal, in which the social media giant gave access to the data of up to 87 million users to an app partnered with an ultra-sketchy election data firm, still isn’t totally resolved, with news breaking this week investigators from four agencies are looking into Facebook’s conduct. But all the negative attention the site has received this year has apparently failed to blunt its momentum. Read More >>

snapchat
Snapchat is Still a Mess

Earlier this year, Snapchat owner Snap Inc. saw its stock plummet after a brutal first-quarter report that saw it come in over $13 million short of $244 million earnings expectations. Spoiler alert: The pain is not stopping. Read More >>

twitter
Twitter May Soon Be the Latest Tech Giant to Ban Many Cryptocurrency Ads

Those looking to run advertisements for cryptocurrencies and related products may soon have to steer clear of Twitter, which Sky News reported on Sunday is “preparing to prohibit a range of cryptocurrency advertisements amid looming regulatory intervention in the sector.” Read More >>

cryptocurrency
Wow, Who Could Have Predicted 59 Per Cent of 2017’s ICOs Are Already Dead or Doomed

Hey, remember initial coin offerings, the almost totally unregulated form of investment vehicle in which investors trade real cash or assets in exchange for virtual “tokens” in cryptocurrency-backed startups? You know, that hot new crypto market that the Wolf of Wall Street, Jordan Belfort, warned everyone was rife with scams? Those very ICOs that the Securities and Exchange Commission told everyone to be very careful about because of the “greater opportunities for fraud and manipulation”? Read More >>

cryptocurrency
Chase, Bank of America, and Citigroup All Ban Cryptocurrency Purchases on Credit Cards

Per CNBC, J.P. Morgan Chase, Bank of America, and Citigroup all announced the new restrictions as the price of Bitcoin plummeted to below $8,000 (£5,670) on Friday, less than half of the high of over $19,000 (£13,460) it hit in mid-December. Read More >>

cryptocurrency
Bitcoin Fell Off a Cliff and No One Knows How Far It Is to the Bottom 

All good things must come to an end—and bad things, too. Bitcoin has had a hell of a ride over the last year, but that all seems to be over as almost 60 per cent of its value has vanished in the last month. Enthusiasm in the cryptocurrency market is low as Bitcoin dropped below $8,000 (£5,664) for the first time since November. Read More >>