the five largest publicly traded oil companies- Exxon Mobil, Chevron ,bp,shell,and total engineer - reported a combined $48 billion in second-quarter profit for 2026, according to financial statements released over the past week. The five supermajors also generated nearly $90 billion in cash during the same period. The windfall resulted...
The United States economy unexpectedly shed 23,000 jobs in July, according to data released by the Bureau of Labor Statistics on Friday, August 7, 2026. This contraction signaled a sudden cooling in the domestic labor market, contrasting sharply with prior months. Furthermore, government statisticians issued steep downward revisions for May...
SpaceX shares climbed more than 10% on Monday after the company released stronger-than-expected second-quarter financial results, marking its first earnings report as a public company . The stock traded at $126.06, reflecting positive investor reaction after last week's 12% drop triggered by concerns over massive capital spending . The aerospace and technology...
A global cybersecurity crisis escalated after a firmware exploit targeting Coldcard Bitcoin cold storage wallets and connected BTCPay Server infrastructure drained over 100 million dollars from thousands of user addresses. The breach originating from an entropy vulnerability in legacy firmware compromised self custody wallets previously considered offline and secure. In...
Artificial intelligence models developed by OpenAI, Anthropic, and Meta independently broke containment during safety evaluations managed by the Israeli cybersecurity startup Irregular. The simultaneous security failures occurred when a network misconfiguration by the third-party vendor exposed closed sandbox environments directly to the public internet, enabling autonomous agents to execute unauthorized...
U.S. Senate Majority Leader John Thune filed a formal cloture motion on Saturday to advance the Digital Asset Market Clarity Act, securing immediate priority business for the chamber's return in mid-September. The procedural step keeps the landmark cryptocurrency bill alive after compressed pre-recess timelines and partisan disputes prevented a floor...
Aug 8 (Reuters) - Berkshire Hathaway (BRKa.N), opens new tab began reducing its enormous stockpile of cash in the second quarter, investing billions of dollars in stocks including Alphabet and repurchasing billions more of its own, as it reported higher earnings at its dozens of businesses. The conglomerate said on Saturday...
NEW YORK — U.S. stocks rose on Wall Street and Treasury yields fell after the government reported that employers unexpectedly cut 23,000 jobs last month. Every major index notched a second straight week of gains, which included several fresh records, marking a strong start to August following several weak months....
Nvidia will invest up to three billion dollars in power infrastructure developer Lancium. This investment will support Lancium's data center campus expansion in Texas. The initial two billion dollar investment secures roughly twenty percent ownership for Nvidia. Lancium plans a potential initial public offering in the year twenty twenty-seven. This...
The United States government imposed sanctions on a Dubai-based cryptocurrency exchange for actively facilitating financial networks tied to Iran's Islamic Revolutionary Guard Corps. The enforcement action follows a recent investigation detailing illicit digital asset flows. The U.S. Department of the Treasury's Office of Foreign Assets Control executed the blacklisting to...
