The amount that can be staked on the spin of an online slot machine will be capped at £5, or £2 for younger customers, as part of government plans to tighten regulation of the £11bn-a-year gambling industry in Great Britain. Online slots are currently exempt from limits on how much punters can wager. But under … Read more
Tokyo: Japan’s benchmark Nikkei 225 index surged Thursday past the record it set in 1989 before its financial bubble burst, ushering in an era of faltering growth. The index closed Thursday at 39,098.68, up 2.2%. Its previous record was 38,915.87, set on December 29, 1989. So now it is back to where it was 34 … Read more
Japanâs main stock index, European shares and Wall Streetâs S&P 500 have hit all-time highs as strong results from the chipmaker Nvidia stoke investor exuberance over an artificial intelligence investment boom. The S&P 500 enjoyed its best day in more than a year in New York, rising 2.1% amid a global equities rally. The technology-heavy … Read more
The billionaire businessman Mike Ashley has claimed he was the victim of âabuseâ by Morgan Stanley amid a high court dispute over the investment bankâs decision to impose a near $1bn (£790m) cash demand. Ashleyâs Frasers Group is taking legal action against the US investment bank Morgan Stanley and Denmarkâs Saxo Bank over the May … Read more
Ministers have vowed to press ahead with legislation to automatically overturn convictions related to the Post Office Horizon scandal by the end of July. Kevin Hollinrake, the Post Office minister, said in a written ministerial statement on Thursday the legislation would immediately quash the convictions of hundreds of post office operators in England and Wales. … Read more
When veteran engineer and executive Pat Gelsinger returned to Intel as CEO in 2021, the once-great chipmaker was in a slump. After failing to adapt to the mobile era and then missing several steps in cutting-edge microprocessor manufacturing, it was now also falling behind in supplying chips to feed the tech industryâs growing hunger for … Read more
Capital One headquarters in McLean, Virginia on February 20, 2024. Brendan Smialowski | AFP | Getty Images Capital One‘s blockbuster takeover proposal for Discover Financial includes a $1.38 billion breakup fee if Discover decides to go with another buyer, but no such fee if U.S. regulators kill the deal, people with knowledge of the matter … Read more
A Rivian electric truck sits parked in front of a Rivian service center on August 08, 2023 in South San Francisco, California. Justin Sullivan | Getty Images Shares of electric vehicle makers Rivian and Lucid plummeted Thursday after the companies reported disappointing results and stagnant production in their fourth-quarter earnings after the bell Wednesday. Rivian … Read more
(KRON) — It looks like Peninsula residents looking forward to getting in a Waymo vehicle will have to wait a bit longer. In the Bay Area, Waymo currently only operates in San Francisco. Last month, the Mountain View-based autonomous vehicle company announced plans to expand to other Bay Area cities outside of San Francisco. Waymo … Read more
The IM-1 lander “Odysseus” in lunar orbit on Feb. 21, 2024. Intuitive Machines Lunar company Intuitive Machines is going for history on Thursday as it attempts to reach the moon’s surface in what would be the first American lunar landing since the Apollo era. Intuitive Machines’ mission, known as IM-1, aims to soft land near … Read more
