July Inflation Data Comes in Tame, Giving Markets Room to Breathe
The Consumer Price Index for July rose just 0.1 percent from the prior month and 3.4 percent year-over-year, matching expectations and eas...
CoreWeave and Super Micro Rally as AI Infrastructure Buildout Shows Staying Power
Shares of AI infrastructure specialists CoreWeave and Super Micro Computer climbed in early trading Tuesday after both companies delivered...
Foxconn's Q2 Profit Surges 35% as AI Server Demand Outpaces Expectations
Taiwan's manufacturing giant Foxconn reported second-quarter net profit that jumped 35 percent year-over-year, driven by insatiable de...
CFTC Charges Florida Man in $397 Million Crypto Ponzi Scheme as Regulators Tighten Grip
The Commodity Futures Trading Commission has charged a Florida man with operating a $397 million cryptocurrency Ponzi scheme, one of the l...
Bitcoin Slips Toward $64,000 as Traders Await Wednesday's Inflation Test
Bitcoin retreated toward the $64,000 level on Tuesday as cryptocurrency markets joined traditional assets in a pre-data holding pattern, w...
eToro Bets $231 Million on TradeZero as Retail Trading Frenzy Spills Into M&A
Social trading platform eToro has agreed to acquire TradeZero for up to $231 million, a deal that signals how the retail trading boom is r...
Wall Street Pauses at Record Highs as July Inflation Data Threatens to Reshape Fed Bets
U.S. stocks edged lower on Tuesday as investors squared positions ahead of Wednesday's July consumer price index report — a data point...
Google's Gemini App Surpasses 1 Billion Users, Intensifying the AI Assistant Wars
Google's Gemini app has crossed the one-billion-user threshold, a milestone that places it among the fastest-growing consumer AI produ...
Nvidia Is Building a 1-Trillion-Parameter Open-Source Model to Challenge Closed AI Giants
The Information reports that Nvidia is quietly developing Nemotron 4, a massive open-source language model that would rival the largest cl...
EU MiCA Transparency Rules Take Effect as DeFi Sector Braces for Tighter Oversight
The European Union's landmark Markets in Crypto-Assets regulation entered a new phase on August 2, as transparency obligations under A...
Bitcoin ETFs Rack Up $626 Million in Inflows in First Three Days of August
U.S. spot Bitcoin exchange-traded funds recorded roughly $626 million in net inflows during the first three trading days of August, revers...
July Inflation Report Due Tuesday as Markets Brace for Fed's Next Move
The Bureau of Labor Statistics will release the July consumer price index report on August 12 at 8:30 a.m. Eastern, a data point that trad...