Dow Plunges Over 1,000 Points as Fed's Hawkish Signal Shatters Rate-Cut Hopes
The Dow Jones Industrial Average tumbled more than 1,000 points on Wednesday, its worst single-session decline in over a year, after the F...
Meta's Free Cash Flow Collapses to $784 Million as AI Spending Surges Past $130 Billion
Meta Platforms reported second-quarter revenue of $60.8 billion on Wednesday, a 28 percent increase from a year earlier, but the headline ...
White House Summons OpenAI and Anthropic After Rogue AI Agents Breach Corporate Networks
The Trump administration has invited the chief executives of OpenAI, Anthropic, Google, and Meta to the White House this week to discuss v...
Bitcoin Holds Above $64,000 as ETF Inflows Stabilise and Regulatory Outlook Shifts
Bitcoin has maintained a trading range above $64,000 this week, with Ethereum hovering near $1,900, as institutional flows into spot excha...
Bitcoin's BIP-110 Soft Fork Enters Mandatory Signaling Phase, Testing Network Governance
A controversial proposal to restrict arbitrary data storage on the Bitcoin network has entered its mandatory signaling phase this week, fo...
Wall Street Nears Records as S&P 500 Climbs Toward 7,800 Ahead of Jackson Hole
American equities have climbed to within striking distance of all-time highs this week, with the S&P 500 approaching the 7,800 level a...
U.S. Inflation Cools to 3.5% in June as Energy Prices Plunge, Giving the Fed Room to Pause
American consumer prices rose at the slowest annual pace in months during June, with headline inflation falling to 3.5 percent and core me...
Anthropic Joins the Chip Arms Race, Hiring Engineers at $485,000 to Break Free From Nvidia
Anthropic has publicly confirmed that it is building its own artificial intelligence chips, becoming the latest major AI laboratory to pur...
Google DeepMind Shake-Up Sends Hassabis Back to the Lab as Silicon Valley Races for AGI
Google has reorganised its DeepMind artificial intelligence division in a sweeping shake-up that removes Demis Hassabis from day-to-day ch...
Bybit Sues North Korea and Lazarus Group Over $1.5 Billion Hack
Cryptocurrency exchange Bybit has secured a preliminary injunction freezing assets connected to a $1.5 billion theft after filing suit aga...
Trump Media Abandons Crypto Treasury Strategy, Scraps CRO Token Deal
Trump Media and Technology Group, the parent company of Truth Social, has abruptly abandoned its cryptocurrency treasury strategy and term...
Fed Holds Rates at 3.50%-3.75% as Three Officials Dissent
The Federal Reserve held its target federal funds rate steady at 3.50 percent to 3.75 percent at its July meeting, though three officials ...