Oil surges as Strait of Hormuz tensions stoke supply fears; Brent posts biggest jump since 2020
Oil prices jumped in early trading as renewed tensions around the Strait of Hormuz raised fears of disruption to one of the world’s most i...
Meta plans September start for in-house AI chip as it aims to double computing capacity
Meta Platforms plans to begin production of a custom artificial intelligence chip in September, a move designed to roughly double the comp...
Stanford AI Index finds generative AI adopted by 53% of population in three years
Generative artificial intelligence reached 53% adoption across the global population within three years of its public debut, a pace faster...
Mosta launches MainUSD stablecoin, joining Stripe, MoneyGram and Mastercard in settlement race
Mosta has launched MainUSD, a dollar stablecoin issued through Brale, joining a growing roster of companies — including Stripe, MoneyGram ...
Trace Finance raises $32 million to build stablecoin rails for Latin America
Trace Finance, a Brazil-founded firm building bank-grade stablecoin infrastructure for Latin America, has raised $32 million in a Series A...
Wall Street lifts S&P 500 earnings outlook as AI spending fuels rally
Analysts have raised full-year S&P 500 earnings growth forecasts to roughly 25%, up sharply from the start of the year, as capital spe...
Federal Reserve holds rates steady, sets stage for July 28-29 decision
The Federal Reserve left its benchmark interest rate unchanged in a range of 3.5% to 3.75% this month, holding its posture as policymakers...
Nvidia bets on AI PCs as Huang forecasts $1 trillion in chip demand
Nvidia is pushing artificial intelligence directly into laptops and desktops with a new family of PC chips, a move Chief Executive Jensen ...
EU’s sweeping AI Act reaches full force August 2, setting global compliance test
The European Union’s Artificial Intelligence Act reaches its broadest enforcement milestone on Aug. 2, 2026, extending binding obligations...
Hedera lending protocol Bonzo Lend loses $9 million in oracle exploit
A lending protocol built on the Hedera network lost roughly $9 million this month after an attacker manipulated the price of a little-know...
Spot Bitcoin ETFs post worst month on record as outflows top $4 billion
Spot Bitcoin exchange-traded funds suffered their worst month on record in June, with net withdrawals topping $4 billion, as geopolitical ...
U.S. small businesses weather rising costs and tariff uncertainty as confidence cools
America’s small businesses are pressing forward through a stretch of rising costs, tariff uncertainty and stubborn inflation, even as conf...