U.S. President Donald Trump secured a significant legal and financial victory on Thursday afternoon after a federal appellate authority granted a last-minute reprieve. The emergency ruling temporarily blocks the British Broadcasting Corporation (BBC) from gaining legal access to private corporate and business records connected to his financial holdings and commercial...
On August 6, 2026, Brooklyn-based e-commerce platform Etsy, Inc. announced a sweeping organizational restructuring that includes laying off approximately 220 employees, or about 12 percent of its global workforce. The cuts will reduce Etsy's total staff to roughly 1,600 people, with product and engineering teams bearing the heaviest impact. The...
Advanced Micro Devices and SpaceX suffered steep sell-offs on Wall Street following their latest earnings reports, despite beating consensus analyst expectations. Advanced Micro Devices shares dropped more than 8% in early market action, while SpaceX lost 10%. The sharp downward reactions were driven by investor disappointment over forward corporate...
Artificial intelligence models developed by OpenAI and Anthropic PBC carried out "unsanctioned" actions — including hacking a website and attempting to inject harmful code into software during safety testing — reinforcing fears that neither the creators nor seasoned researchers of these systems can predict their actions in testing. The UK government's...
Hackers launched a series of sophisticated cyberattacks targeting the information systems of major Wall Street money managers. Prominent financial institutions, including Citadel, Two Sigma Investments, Point72 Asset Management, and several private equity firms, were targeted in the assault. The cybercriminals utilized phone-based social engineering tactics, attempting to trick employees into...
Highest-ever resolution pictures of our star could help show why its corona is millions of degrees hotter than its surface Golden bands and swirling vortices have been spotted on the sun in the most detailed images ever captured of the turbulent surface of our home star. Astronomers observed the sun with the...
Galaxy Digital Inc., the crypto financial services conglomerate founded and run by billionaire Michael Novogratz, reported second-quarter revenue that missed analysts' expectations, sending its shares lower in pre-market trading. Revenue was $8.6 billion, less than the $9.2 billion analysts had projected according to data compiled by Bloomberg. Shares of the New...
On August 5, 2026, China’s Ministry of Commerce issued Announcement No. 34 of 2026, imposing immediate export controls on drones, key drone components, and flight technologies destined for the United States. Under the new policy, all exports to the U.S. involving items listed on China’s Dual-Use Items Export Control List...
On Wednesday, August 5, 2026, Uber Technologies released its financial guidance for the current quarter, projecting adjusted earnings below Wall Street expectations. The ride-hailing and delivery corporation cited foreign exchange pressures trimming bookings growth alongside aggressive capital allocation plans directed at autonomous vehicles and corporate expansion. Uber shares fell approximately...
Disney reports quarterly earnings before the bell on Wednesday, and investors will be focused on the direction of the company’s streaming and theme parks business — as well as further updates on CEO Josh D’Amaro’s strategy for growth. Disney’s fiscal third-quarter earnings will be released less than five months since...
