Premier American Uranium Completes Cebolleta Drilling, Delivers Samples

 

Cebolleta, New Mexico — Premier American Uranium Inc. completed a 6,030-foot PQ-core drilling program at its wholly owned Cebolleta Uranium Project and delivered recovered underground resource samples to Hazen Research in Golden, Colorado, to begin advanced metallurgical testing as part of the company’s 2026 work program. Core was drilled at...

Seoul chipmaker SK Hynix slumps after Nasdaq debut

 

South Korean memory chipmaker SK Hynix fell about 15 percent on its main Seoul listing on Monday, one trading day after a $26.5 billion American Depositary Receipt debut on Nasdaq under the ticker SKHY. The company’s ADRs had surged roughly 13 percent on Friday, drawing strong Wall Street interest in...

Meta Announces 5-Gigawatt Expansion in Louisiana Data Campus

 

Richland Parish, Louisiana. Meta announced on Monday that its Richland Parish data center will expand to 5 gigawatts of compute capacity, stating the project’s investment in the region has risen to more than $50 billion; the company said construction began in December 2024 and local contracts have already been awarded. The...

Seattle: Vinod Khosla to buy Seahawks for $9.6B

 

The estate of late Microsoft co-founder Paul Allen has reached a definitive agreement to sell the NFL’s Seattle Seahawks to investor Vinod Khosla for approximately $9.6 billion, the highest valuation ever for a professional sports franchise. Khosla, already a minority stakeholder in the San Francisco 49ers, would assume control of...

United States Xbox layoffs spark major union backlash

 

United States-based Microsoft’s Xbox gaming division is facing mounting internal and public backlash after announcing workforce reductions that cut about 20% of Xbox staff and shut down five internal studios across its portfolio. The layoffs affect hundreds of employees, including 96 at Id Software, 40 remote workers at Bethesda Game...

New York bank cuts $160 billion US stocks

 

JPMorgan Chase is liquidating more than $160 billion in U.S. equities on Monday, July 13, in a move that sharply reduces its stock market exposure ahead of a pivotal week for Wall Street. The reduction comes just before major U.S. banks, including JPMorgan, Citigroup, Wells Fargo and Goldman Sachs, begin...

United States tech giant Microsoft cuts 4,800 jobs

 

Microsoft is cutting about 4,800 jobs, or roughly 2% of its global workforce, as part of a sweeping restructuring aimed at redirecting resources toward artificial intelligence infrastructure. The move, disclosed in internal communications and implemented beginning this week, hits the commercial sales division and the Xbox gaming business hardest. Around...

Oregon drops court bid against Paramount-WBD merger

 

United States – Oregon’s Attorney General has withdrawn a legal effort to freeze the proposed $110 billion merger between Paramount Skydance and Warner Bros. Discovery, removing a major obstacle to the media deal and handing Paramount a temporary victory. The reversal, announced Sunday, July 12, follows a sharp escalation in...

Seattle Seahawks sold to Khosla family group

 

SEATTLE — The Seattle Seahawks have reached an agreement to be sold by the estate of late owner Paul Allen to an ownership group led by India-born billionaire Vinod Khosla for $9.612 billion, according to an announcement made Saturday. The price, reported by ESPN citing unnamed sources, sets a new...

Global crypto market records $77 million liquidations

 

UNITED STATES – The global crypto derivatives market recorded about $77 million in liquidations over the past 24 hours, with short positions bearing a larger share of the impact than longs, according to Coinglass data published on July 12. Long liquidations totaled $30.2 million, while short liquidations reached $46.8 million....