Wall Street retreats as chip sell-off and rising oil pressure weigh on sentiment
U.S. stocks slipped as a sell-off in semiconductor shares and a jump in oil prices tied to renewed Middle East tension pressured major ind...
Synthetic influencers flood TikTok Shop as AI video blurs commerce and fakery
AI-generated videos are flooding TikTok Shop, and brands are issuing fresh warnings about digital avatars and duplicate clones being used ...
China casts itself as champion of an open AI order at Shanghai summit
President Xi Jinping used the opening of the World Artificial Intelligence Conference in Shanghai to cast China as the standard-bearer for...
Stablecoin rules under U.S. Genius Act take effect as banks push back on yield
New U.S. stablecoin rules authorized under the Genius Act took effect on July 18, establishing federal licensing, capital, custody and ant...
Ethereum tops $1,800 as spot ETF inflows and record staking signal renewed conviction
Ethereum rose above $1,800 this week, notching roughly 11% gains over seven days as spot exchange-traded funds drew fresh inflows and on-c...
IMF holds 2026 global growth forecast at 3.0% but warns disinflation has stalled
The International Monetary Fund held its forecast for global growth at 3.0% for 2026 but warned this week that the long slide in inflation...
U.S. stocks close higher as soft inflation revives bets on a patient Federal Reserve
U.S. stocks closed modestly higher on July 15, with megacap technology shares leading a broad advance as softer inflation data revived exp...
Databricks valuation climbs to $188 billion as demand for AI infrastructure accelerates
Databricks said this week it has reached a $188 billion valuation, cementing its position as one of the most richly valued providers of th...
China's Moonshot AI unveils open model it calls the largest yet, shaking faith in U.S. chip dominance
Chinese startup Moonshot AI unveiled what it describes as the world's largest openly available artificial intelligence model on Friday...
Japan leads G7 crypto policy as WebX 2026 backs Web3 and Circle wins USDC trust bank
Japan is cementing its status as the Group of Seven's most crypto-friendly regulator, as the WebX 2026 conference in Tokyo showcased s...
House panel holds CLARITY Act hearing as Bitcoin holds above $62,000 on regulatory hope
The U.S. House Financial Services Committee is holding a field hearing in New York on Friday on the Digital Asset Market Clarity Act, a fe...
Markets eye Michigan sentiment and Fed comments as soft inflation lifts stocks, oil spikes
Investors turned to a preliminary reading of U.S. consumer sentiment and remarks from a Federal Reserve official on Friday, weighing fresh...