Fed Holds Rates Steady but Three Dissents Signal a Hawkish Turn
The Federal Reserve held its benchmark interest rate unchanged at 3.50 to 3.75 percent on July 29, but the decision passed by a narrow 9-t...
TSMC Profit Surges 77% as AI Chip Demand Drives Record Quarterly Revenue
Taiwan Semiconductor Manufacturing Company reported second-quarter net profit surged more than 77 percent year-over-year to a record NT$70...
OpenAI Pauses Astra Development After Model Reaches Critical Cybersecurity Threshold
OpenAI said on Thursday that it had slowed internal development of its upcoming Astra frontier model after preliminary evaluations showed ...
Bitcoin Holds Near $65,000 as Hormuz Tensions and ETF Flows Keep Traders Guessing
Bitcoin traded in a narrow range near $65,000 this week, caught between renewed inflows into U.S. spot exchange-traded funds and escalatin...
U.S. Senate Opens First Stage of Crypto CLARITY Act as Industry Faces Tight Deadline
The U.S. Senate took its first procedural step this week toward advancing the Digital Asset Market Clarity Act, a bipartisan bill that wou...
Apple's Record Quarter Masks an AI Cost Problem That Wall Street Can't Ignore
Apple delivered a record June quarter with $109.4 billion in revenue and adjusted earnings per share of $1.91, both beating analyst expect...
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...