A good way to think of this week’s earnings reports by four big oil majors is a test of competing corporate strategies. Two U.S.-based companies spend the last decade largely sticking to the things they do best — producing,

Exxon's refineries were money-printing machines during the third quarter.

The U.S. oil industry has made more than $130 billion in profit during the Iran war—while normal Americans continue to pay exorbitant prices at the gas pump. The New York Times reported that the country’s 50 largest oil and gas companies raked in a massive profit from April to September. The $130 billion profit margin eclipses the $47 billion that these companies made during the same sixth-month period last year. The last comparable economic...

The two largest U.S. oil companies, ExxonMobil and Chevron reported blowout profits as oil prices remain sharply elevated due to the U.S. war with Iran.

OPay Ltd., a Nigeria-focused payments platform, halted an initial public offering on the New York Stock Exchange that was supposed to start trading on Friday, citing a regulatory inquiry.

OPay (OPAY), a digital-payment services company backed by SoftBank (SFTBY), halts its $304M U.S. IPO hours before the debut amid a regulatory inquiry. Read more here.

Fintech firm priced its shares at $19 each, valuing the company at about $4bnOPay’s shares failed to begin trading on the New York Stock Exchange (NYSE) on Friday, October 30, despite the Nigeria-focused fintech company raising $304 million through its initial public offering (IPO).According to Bloomberg, the NYSE’s trading message feed reported a halt in OPay’s shares, with news pending. No completed trades appeared on the exchange’s feed at...

Softbank Group Corp.-backed OPay Ltd. priced its initial public offering in New York at $19 a share, valuing the Africa-focused fintech at about $4 billion.

U.S. stocks closed sharply lower Friday, with the Dow losing more than 1%, the S&P 500 dropping nearly 2%, and the Nasdaq sliding nearly 3% for its largest one-day perc

Shares in Intel have continued to fall while the tech-heavy Nasdaq opens at its lowest level in more than two months.

AI-generated illustration NEW DELHI, Nov 1: Investors have begun to trim their growth bets on US technology stocks due to increasing concerns about the sustainability of the artificial intelligence (AI) market, which has been showing signs of volatility.During a tumultuous week, the tech-heavy Nasdaq Composite index rose 2.3% through Wednesday but fell by 2.9% on Friday, concluding the week down 2%. Similarly, the S&P 500 dropped 1.8% on Friday,...

Wall Street suffered a steep day of losses Friday after the latest tech earnings reignited concerns that massive spending on AI may not deliver the returns that investors expect.

A war room. A global conference call. A founder who live-posted about the largest crypto heist in history. Inside a frantic 24 hours at the world’s biggest crypto exchange.

The company said it has covered 80% of the impacted amount so far.

Binance, the world's biggest crypto exchange, has been hit by a $6.3bn (£4.7bn) hack. Half of the assets have been frozen but many remain in the hands of the hackers, the cryptocurrency giant said. Two analytics firms have attributed the incident to a North Korean hacking unit,

Binance said Friday that a security incident impacted about $6.3 billion in client assets, with around $3 billion frozen on-chain, marking the largest crypto hack on record.