Stablecoin value moving across borders rose 77.5% to $220.3 billion over the 12 months through June 30, 2026, even as the broader crypto market lost about half of its value, according to new data from Chainalysis. Cross-border stablecoin flows increased from $124.2 billion in the previous period, while the firm’s conservative estimate of monthly cross-border
Alibaba unveiled a new AI accelerator, a target to operate more than 20 gigawatts of global data-centre capacity and plans for an AI model with as many as 10 trillion parameters on Tuesday, laying out all three parts of its AI infrastructure strategy in a single keynote. CEO Eddie Wu introduced the Zhenwu V900 at
Warner Bros. Discovery shares jumped roughly 11% on Monday after Paramount Skydance reached a settlement with California and 11 other states that had sued to block its $110 billion acquisition, removing one of the largest remaining legal obstacles to the deal. WBD traded around $30.80 during the U.S. session, up roughly 10.8% from Friday’s $27.80
The Bank of Japan (BoJ) rate decision on September 18 raised Japan’s policy rate by 25 basis points to 1.25%, its highest level since 1995, but the market reaction inverted the textbook. The yen weakened rather than strengthened, because the hike came on a split 7-2 vote with two board members dissenting, and both were
Warren Buffett has become Chairman Emeritus of Berkshire Hathaway and handed the chairmanship to his son Howard Buffett, completing the final major piece of a succession plan that has been years in the making. Berkshire announced the change on September 18, saying it was effective immediately. Buffett, who recently turned 96, remains a member of
Micron Technology’s Taichung workers entered labor mediation on Friday demanding a permanent share of 15% of the chipmaker’s global operating profit, with a second mediation session scheduled for Monday and a possible strike vote if the company does not produce a concrete proposal. There is no strike at Micron today and no reported production interruption.
A US federal court has ordered Michael Frederick Staryk to pay $547,616 in restitution and a $5,907,720 civil monetary penalty after entering a default judgment in a Commodity Futures Trading Commission options-fraud case. The two amounts total $6,455,336, with the penalty approximately 10.8 times the restitution award. The difference separates the punitive sanction from the
Tesla (NASDAQ: TSLA) has locked October 1 for the long-delayed second-generation Roadster, and the event confirms far less than the hype around it suggests. The reveal takes place at 8:30 p.m. Eastern in Waco, Texas, according to reservation-holder invitations reported by Teslarati, with a countdown clock live on Tesla’s own Roadster page. What the company
The US Senate failed to advance the CLARITY Act on Tuesday, falling short of the 60 votes needed to invoke cloture and, with them, short of even a simple majority. The procedural defeat halts the most significant crypto market-structure bill Congress has produced and, given the compressed calendar before the November midterms, effectively ends the
Sandisk stock fell about 5.3% to $1,546 in Monday afternoon trading, putting the flash-memory company near the center of a global semiconductor selloff that has hit memory-related names particularly hard. Shares traded as low as roughly $1,505 during the session after falling as much as 7.9% earlier in the day. The latest Investing.com cash-market read