U.S. stock futures slip as Iran tensions, bank earnings and inflation data loom
U.S. stock futures edged lower Wednesday as investors weighed escalating tensions with Iran, a heavy slate of bank earnings and a closely ...
TSMC posts record quarterly revenue as AI chip demand lifts sales 36%
Taiwan Semiconductor Manufacturing reported second-quarter revenue of about $39.62 billion, a record and a 36% increase from a year earlie...
OpenAI proposes giving U.S. government roughly 5% stake in company, valued near $43 billion
OpenAI has proposed giving the U.S. government a roughly 5% equity stake in the company — worth about $42.6 billion at its recent $852 bil...
Ethereum logs first three consecutive losing quarters in its history as it struggles below $2,000
Ether, the native token of the Ethereum network, entered July having posted its first three consecutive quarterly declines in the cryptocu...
Bitcoin hovers near $60,000 support as record ETF outflows and Citi forecast cut rattle sentiment
Bitcoin traded near $62,500 on Monday, clinging to the $60,000 level that analysts say could determine its next move, as a month of record...
Bank earnings season opens with JPMorgan as June CPI test looms and rate-hike odds rise
The second-quarter earnings season opens Tuesday with JPMorgan Chase, setting the tone for a reporting period overshadowed by a keenly awa...
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...