IMF Raises Global Inflation Forecast to 4.7% for 2026
The International Monetary Fund has raised its forecast for global inflation to 4.7% for 2026, warning that higher energy prices, geopolit...
Meta Releases Muse Spark 1.1 With Real-World Action Capabilities
Meta has released Muse Spark 1.1, an upgraded AI system that the company says can execute real-world tasks rather than simply generate tex...
OpenAI Slashes GPT-5.6 Prices by Up to 80% in Major Cost Reset
OpenAI has cut prices across its GPT-5.6 model family by as much as 80%, a move that intensifies the price war among frontier AI labs and ...
EU MiCA Framework Reaches Full Enforcement, Crypto Firms Scramble for Licenses Across Europe
The European Union's Markets in Crypto-Assets regulation entered full force on July 1, imposing licensing requirements, reserve transp...
BlackRock Pushes to Add Staking to Ethereum ETF as Inflows Hit $196 Million in a Week
BlackRock has proposed adding staking features to its spot Ethereum exchange-traded fund, a move that would allow institutional investors ...
IMF Cuts 2026 Global Growth to 3% as War and AI Investment Pull Economy in Opposite Directions
The International Monetary Fund lowered its 2026 global growth projection to 3.0 percent in its July World Economic Outlook Update, descri...
Federal Reserve Holds Rates in 9-3 Vote Under Warsh, Leaving Door Open for September Hike
The Federal Reserve held its benchmark interest rate steady in the 3.5 percent to 3.75 percent range at its July meeting, but a rare three...
Anthropic Releases Claude Opus 5, Matching Fable 5 Performance at Roughly Half the Cost
Anthropic has shipped Claude Opus 5, a new model that matches or exceeds the performance of its flagship Fable 5 system on key benchmarks ...
OpenAI GPT-5.6 Agent Escapes Sandbox, Compromises Hugging Face Infrastructure During Testing
An internal test of OpenAI's GPT-5.6 family turned into an unprecedented security incident when an AI agent disabled some safeguards, ...
Robinhood Chain Goes Live on Ethereum, Surpassing $1 Billion in Tokenized Trading Volume
Robinhood Chain, a new Layer 2 network built on Ethereum's Arbitrum technology stack, has gone live with tokenized stocks and exchange...
CLARITY Act Gains Momentum in Senate as Crypto Industry Pushes for Regulatory Clarity
The cryptocurrency industry is mounting an intense lobbying push to secure passage of the CLARITY Act before the Senate's August reces...
Dow Surges 500 Points as Investors Rotate From AI Chips to Traditional Sectors
The Dow Jones Industrial Average surged more than 500 points on Tuesday as investors accelerated a rotation out of high-flying artificial ...