AI chip stocks fall after Amodei slowdown essay
AI chip stocks slid after a safety essay from Anthropic's Dario Amodei rattled a market that had priced in years of relentless AI hardware spending.
Latest in Financial markets
International
Neutrogena boycott calls grow after Hayden Panettiere death
Calls for a Neutrogena boycott have surged since Hayden Panettiere's death, with fans revisiting what she said about her decade fronting the brand.
Viral News
South Korea’s KOSPI crashes 8% and triggers circuit breaker
The South Korea stock market crash of Monday, 8 June 2026, saw the KOSPI plunge 8% and trigger a circuit breaker after Iran strikes, a Broadcom miss and US jobs data.
News
Oil price surge above $110 threatens further South Africa fuel hikes as Trump gives Iran Tuesday deadline
Oil surges above $110 as Trump gives Iran a Tuesday deadline, threatening further SA fuel hikes after April's record diesel increase.
Technology
Crypto crosswinds and Cardano: Unpacking the triggers of recent volatility and next steps
Cardano’s founder, Charles Hoskinson, believes ADA could outperform Bitcoin.
Lifestyle
Trading in crypto is more affordable and easier than you think
Bitcoin continues to revolutionise the global financial system by enabling secure, decentralised transactions. Learn how this digital currency is shaping the future of finance.
News
WeBuyCars share price spells doom for controversial car dealer
The WeBuyCars share price plunged more than 12% on Tuesday morning after the company warned investors that its earnings growth slowed in the second half of its financial year.
News
Murray & Roberts Holdings’ liquidation marks the end of a 123-year legacy
The Gauteng High Court has granted a final liquidation order against Murray & Roberts Holdings, marking the end of a 123-year-old South African construction and engineering giant.
Technology
Amazon set to initiate largest job cuts in company’s history
Amazon is preparing to cut up to 30,000 corporate jobs this week, marking its largest round of layoffs as the company seeks to reduce costs and streamline operations.
News
Why FirstRand splurged on a Dubai-based fintech company
FirstRand has acquired a 20% stake in Optasia, a Dubai-based fintech company working with MTN, Vodacom and Standard Bank in South Africa, ahead of its upcoming JSE listing.
News
South Africa on the verge of exiting FAFT grey list – Here’s what it means
The FAFT grey list verdict is expected on Friday, with experts saying South Africa has fulfilled all required reforms and could finally be removed from the list after nearly two years under global financial scrutiny.
News
Will South Africa be removed from the FAFT grey list? – Here’s what we know for sure
Anticipation is building as South Africa awaits the outcome of this week’s FAFT Plenary, which could determine whether the country will finally be removed from the grey list after two years under increased monitoring.
News
Shoprite exits Africa’s market with plans to expand in SA
Shoprite, South Africa’s biggest grocery retailer, is closing its stores in Ghana and Malawi as part of a long-term plan to focus on growth within South Africa.
Gaming
Electronic Arts goes private after $55bn acquisition
Video game giant Electronic Arts (EA) has been acquired in a $55 billion deal, marking the biggest all-cash private takeover in history.
Viral News
Who is Phuthi Mahanyele-Dabengwa? – Get to know the woman behind the R240m Naspers stock frenzy
Phuthi Mahanyele-Dabengwa sold R240 million in Naspers shares to settle taxes and expenses.
Viral News
American Eagle stock soars after Trump praises Sydney Sweeney
American Eagle stock climbed sharply after former U.S. President Donald Trump reacted positively to an ad campaign featuring actress Sydney Sweeney.
News
Why a psychopath wouldn’t hesitate to cause another global financial crisis – if there was something in it for them
These traits make them ruthless in pursuit of their own agendas and entirely focused on self-promotion and self-advancement.
News
Budget Speech postponement sets off ZAR tumble
The postponement of Finance Minister Enoch Godongwana’s Budget Speech due to cabinet disagreements sent the South African rand tumbling amid economic uncertainty.
Lifestyle
Bitcoin price headed for new all-time high after breaking $71,000 mark
The Bitcoin price is approaching new all-time highs as market trends suggest high optimism driven by the US election and recent spot ETF approval.
News
Sasfin records epic losses amid plans to delist from JSE
The company’s headline earnings took a dramatic plunge, reporting a loss of R58.68 million, a stark contrast to the profit of R112.68 million in 2023.
Lifestyle
Finbok strategies for profitable oil trading in volatile markets
The oil market is famously volatile, influenced by geopolitical tensions, economic indicators, and global demand-supply dynamics.
Lifestyle
Finxo Capital insights: The role of gold trading in diversifying your portfolio
In this article, we'll explore the role of gold trading in diversification and the tools and resources you need to capitalise on this precious metal.
Lifestyle
When is the fourth Bitcoin halving event? – Here’s what you must know
Learn about the Bitcoin halving, its impact on BTC generation, and price movements.
Lifestyle
Valentine’s Day investments: How global elections impact your finances
Discover how global elections can influence your finances and investment strategies around Valentine's Day.
Lifestyle
Bitcoin reaches $40 000 for the first time since April 2022 plunge
Bitcoin price soars to $40,000, marking a significant recovery since its 2022 drop, amid global market optimism and growing crypto adoption in Africa.