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Category: Economy

Apple scores big victory with ‘F1,’ but AI is still a major problem in Cupertino
Economy

Apple scores big victory with ‘F1,’ but AI is still a major problem in Cupertino

July 5, 2025

While "F1" was a victory lap for Apple, Wall Street's reaction to the company's AI announcements at WWDC suggest there's…

OPEC+ members agree to larger-than-expected oil production hike in August
Economy

OPEC+ members agree to larger-than-expected oil production hike in August

July 5, 2025

Eight OPEC+ producers agreed to lift crude output by 548,000 barrels per day in August, exceeding the anticipated 411,000 barrels…

Top five tax changes for the wealthy in Trump’s ‘big beautiful bill’
Economy

Top five tax changes for the wealthy in Trump’s ‘big beautiful bill’

July 4, 2025

Taxpayers earning $1 million or more are expected to see a boost in after-tax income of about 3% under Trump's…

Investing in Space: One big beautiful windfall
Economy

Investing in Space: One big beautiful windfall

July 4, 2025

U.S. President Donald Trump's tax and spending megabill narrowly cleared the House of Representatives on Thursday, after days of political…

China slammed ‘blind box’ addiction — but that shouldn’t faze Labubu-maker Pop Mart
Economy

China slammed ‘blind box’ addiction — but that shouldn’t faze Labubu-maker Pop Mart

July 4, 2025

Analysts say the fears of regulatory headwinds are overblown as Gen Zers and millennials, rather than young children, are Pop…

House narrowly passes Trump’s megabill in major victory for Republicans
Economy

House narrowly passes Trump’s megabill in major victory for Republicans

July 4, 2025

President Donald Trump worked the phones late into the night to help House Republican leadership deliver his second-term policy agenda. …

Jane Street barred from Indian markets as regulator freezes $566 million over Nifty 50 manipulation claims
Economy

Jane Street barred from Indian markets as regulator freezes $566 million over Nifty 50 manipulation claims

July 4, 2025

The U.S. trading firm's entities are "further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly." ...

Microsoft laying off about 9,000 employees in latest round of cuts
Economy

Microsoft laying off about 9,000 employees in latest round of cuts

July 3, 2025

Microsoft surpassed expectations on revenue and profit but is slimming down across ranks, organizations and geographies. ...

Datadog stock jumps 10% on tech company’s inclusion in S&P 500 index
Economy

Datadog stock jumps 10% on tech company’s inclusion in S&P 500 index

July 3, 2025

Hewlett Packard Enterprise's closing of its Juniper deal created an opening in the index, which has added several technology companies…

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Crypto World

1
Cryptocurrency

Flow details December exploit that led to $3.9M in losses due to counterfeit tokens

January 7, 2026

The Flow Foundation on Tuesday published a technical post-mortem detailing a protocol-level exploit that occurred on Dec. 27, when an attacker was able to counterfeit tokens on the network, resulting in about $3.9 million in…

2
Cryptocurrency

Bitchat dev shrugs off Uganda’s threat to block app: ‘Good luck mate’

January 7, 2026

One of the developers of Jack Dorsey’s decentralized messaging app Bitchat has cast doubt on Uganda’s threat to shut down the app ahead of the country’s presidential election.On Monday, the Uganda Communications Commission executive director,…

3
Cryptocurrency

US community banks join campaign to shut a GENIUS Act ‘loophole’

January 7, 2026

A group of US community bankers is pressuring Congress to change the GENIUS Act to close a supposed “loophole” that allows yield-generating stablecoins to undercut banks.The American Bankers Association’s Community Bankers Council said in a…

4
Cryptocurrency

Bitcoin enters ‘strength’ phase, but $100K debate heats up between traders

January 5, 2026

Bitcoin (BTC) is attempting to transition into a phase of “strength” after weeks of range-trading between $90,000 and $86,000. While the technical structure has improved, BTC traders debate whether the move has momentum or risks…

Economy

Economy

Elon Musk’s xAI raises $20 billion from investors including Nvidia, Cisco, Fidelity

January 7, 2026
Economy

Berkshire Hathaway lifts new CEO Greg Abel’s salary to $25 million

January 7, 2026
Economy

Trump says Venezuela to give up to 50 million barrels of oil to U.S.

January 7, 2026
Economy

Pentagon to cut Sen. Mark Kelly’s military retirement pay over ‘seditious’ video: Hegseth

January 5, 2026
Economy

JPMorgan forms special advisory group to share some of bank’s ‘secret sauce’ with clients

January 5, 2026
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