Elon Musk sold $6.9-billion of his shares in Tesla, his biggest sale on record, saying he needed cash in case he is forced to buy Twitter.
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African start-ups are expanding into Europe and other parts of the world, betting on providing more affordable services with a growing tech talent pool.
Nvidia warned its second quarter revenue would drop by 19% on weakness in its gaming business, sending the chip designer’s shares tumbling.
As funding for start-ups falls across the globe, Africa is standing out as a notable exception.
Apple’s share price has surged in recent weeks and is heading for its biggest monthly gain in almost two years. Its latest earnings release will test that.
British International Investment, the UK government’s development finance arm, plans to invest $6-billion over the next five years.
Alphabet, Microsoft and Texas Instruments posted double-digit quarterly revenue growth on Tuesday and expressed optimism about the coming months.
In a world of sputtering growth for technology companies, some investors are gravitating towards Microsoft as the closest thing to a safe bet.
South Africa’s headline consumer inflation quickened more than forecast to 7.4% year on year in June, surging to a 13-year high.
Apple is the latest major technology company to rein in hiring and spending plans over fears about a US recession in the coming months.