U.S. Retail Sales Post Unexpected Decline as Consumer Spending Cools
U.S. retail sales fell 0.6% in July, marking the first decline in nine months and raising fresh questions about the resilience of American...
Anthropic Says Alibaba Used 25,000 Fake Accounts to Distill Claude
Anthropic has accused Alibaba's Qwen lab of operating an industrial-scale distillation campaign that extracted nearly 29 million respo...
OpenAI and Broadcom Unveil Custom 'Jalapeño' Chip to Run AI Models Faster and Cheaper
OpenAI has joined the custom silicon race, unveiling a new AI accelerator co-designed with Broadcom that promises to slash inference costs...
Bitcoin ETF Inflows Turn Mixed as Institutional Investors Recalibrate Positions
Bitcoin spot exchange-traded funds recorded mixed flows this week as institutional investors appeared to recalibrate their positions, with...
Trump-Backed World Liberty Secures OCC Bank Charter for Stablecoin Operations
The Office of the Comptroller of the Currency granted preliminary conditional approval on August 14 to World Liberty Trust Co., a subsidia...
S&P 500 Earnings Surge 50.4% in Q2, Marking Strongest Growth in Years
S&P 500 companies are on track to report their strongest quarterly earnings growth in years, with FactSet projecting a 50.4 percent ye...
U.S. Inflation Cools to 3.4% in July as Gasoline Prices Ease Pressure
U.S. consumer prices rose 3.4 percent year over year in July, a modest deceleration from June's 3.5 percent, as falling gasoline price...
EU AI Act Reaches Full Force as August Deadline Tests Corporate Compliance
The European Union's landmark AI Act entered full enforcement on August 2, 2026, marking the first time a major regulatory framework h...
Nvidia Mobilizes $500 Billion in AI Infrastructure as GPUs Become an Asset Class
Nvidia partners with Apollo, BlackRock, and others to mobilize $500 billion for AI data center infrastructure, reframing GPUs as a new ass...
Bitcoin and Ethereum ETFs Draw $1.1 Billion in Early August Inflows
Spot exchange-traded funds tied to Bitcoin and Ethereum attracted roughly $1.1 billion in combined net inflows during the first full week ...
SEC Meets to Propose Tailored Rules for Crypto Asset Offerings
The Securities and Exchange Commission convened an open meeting on August 14 to consider proposing a tailored offering regime for certain ...
Dow Closes at Record 53,178 as Big Tech Rally Powers Broad Gains
The Dow Jones Industrial Average closed at an all-time high of 53,178 in early August, fueled by a surge in technology shares and falling ...