The Office of the Comptroller of the Currency on Friday conditionally approved a national trust bank charter for World Liberty Trust Company, a Trump-family-linked crypto venture. The approval, announced Aug. 14, allows the proposed bank, if final conditions are met, to issue and manage World Liberty Financial’s USD1 stablecoin and...
Riot Platforms has finalized a twenty-year, $9.1 billion infrastructure and computing agreement with artificial intelligence laboratory Anthropic. The transaction involves allocating 191 megawatts of high-density power and data center capacity at Riot's Rockdale, Texas campus for advanced AI model training. Phased delivery of the campus capacity is scheduled to begin...
Crude oil prices edged higher on Monday morning following fresh military escalations in Lebanon and a series of vessel attacks in the vital Strait of Hormuz. Global benchmark Brent crude rose toward eighty-nine dollars per barrel, maintaining momentum from a six percent weekly surge. The market reaction follows stalled diplomatic...
The United States dollar weakened against major international peers on Monday following softer domestic economic data that reduced market expectations for a Federal Reserve interest rate hike next month. A Bloomberg currency index tracking the greenback slipped slightly, hovering near valuation levels last observed in May. Selling pressure accelerated after...
Global crude oil prices edged higher on Monday as traders monitored escalating geopolitical tensions in the Middle East and prepared for the formal expiration of an interim regional ceasefire. Benchmark Brent crude rose up to zero point five percent, trading near eighty nine dollars a barrel in early Asian trading...
Jane Street suffered an estimated $15 billion trading hit in July, its first negative month since 2016, after losses linked to AI-focused hedge fund Situational Awareness and broader technology selloff, Reuters reported August 14. The firm invested in Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, whose leveraged AI...
German direct investment in the United States plummeted to a three-year low of 4.3 billion euros in the first half of 2026, driven by escalating trade policy uncertainty and import tariffs introduced by the Trump administration. Calculations released by the German Economic Institute, utilizing data from Germany's central bank, revealed...
Robert Downey Jr is reprising his role as Tony Stark for the upcoming Avengers Infinity Defense attraction at Disney California Adventure. Announced during D23, the ride opens in 2028 and features a multiverse-hopping plotline where guests battle King Thanos across iconic locations. Several Marvel Cinematic Universe actors are returning to...
Berkshire Hathaway has significantly realigned its investment portfolio, expanding its holdings in Google parent Alphabet and U.S. homebuilders while reducing select financial positions. During the second quarter, the Omaha-based conglomerate acquired roughly 48.1 million additional shares of Alphabet, bringing its total stake to approximately 106 million shares valued at $37.76...
PayPal Holdings is actively negotiating a potential sale to a consortium including fintech rival Stripe and private equity firm Advent International. The renewed discussions follow PayPal rejecting an initial takeover bid in July that offered sixty dollars and fifty cents per share, valuing the company at over fifty-three billion dollars....
