Huawei’s profit doubled in 2023 as smartphone, autos business picked up
BEIJING — Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product…
FTX founder Sam Bankman-Fried sentenced to 25 years for crypto fraud, to pay $11 billion in forfeiture
Watch Daily: Monday – Friday, 3 PM ET FTX founder Sam Bankman-Fried was sentenced to 25 years in prison on…
Xiaomi releases electric car $4K cheaper than Tesla’s Model 3 as price wars heat up
BEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla’s Model…
TikTok makes $2.1 million TV ad buy as Senate reviews bill that could ban app
TikTok has launched a $2.1 million advertising campaign with a clear message for senators in tough reelection fights this year:…
Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet
Amazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the…
SEC scores big win in lawsuit against crypto exchange Coinbase
Watch Daily: Monday – Friday, 3 PM ET The Securities and Exchange Commission scored a major win in its lawsuit…
The UK is regulating memes about crypto and other investments to curb scams from ‘finfluencers’
Britain’s financial services regulator announced guidelines for financial services companies and social media influencers making memes about cryptocurrencies and other…
Binance executive escapes Nigerian custody as authorities file new tax charges
One of two Binance executives detained in Nigeria has escaped custody, while the Nigerian government has filed new tax evasion…
Two fresh ways to play the weight loss and megacap tech hype
A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks. In…
Anthropic is lining up a new slate of investors, but the AI startup has ruled out Saudi Arabia
Deep-pocketed, sovereign wealth funds are among the investors clamoring to get a stake in Anthropic, the red-hot artificial intelligence startup…
