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News
Anduril Reportedly Targets $100bn Valuation As AI-Driven Defense Boom Fuels Investor Demand
5+ hour, 19+ min ago (384+ words) If completed, the financing would make Anduril one of the world’s most valuable privately held technology companies and further cement defense technology as one of venture capital’s fastest-growing investment categories. The prospective valuation represents another dramatic increase for the California-based…...
Europe’s Diversified Energy Strategy Shields It from Iran War Disruptions
5+ hour, 18+ min ago (619+ words) The stability of oil supplies across Europe has become one of the most closely watched economic issues following the sharp escalation of the conflict involving Iran. Although crude oil prices have surged as markets react to geopolitical uncertainty, economists in…...
AI as a Tool, Place and Way of Being in Transport Systems
10+ hour, 40+ min ago (941+ words) AI is consistently framed as a catalyst for efficiency, automation and innovation, an important part of the story is missing. Most discussions present AI as a technological solution to operational problems. While this perspective captures AI's practical value, it overlooks…...
US Economy Shows Resilience with Lowest Jobless Claims in Decades
11+ hour, 42+ min ago (442+ words) The United States labor market has once again demonstrated remarkable resilience as initial jobless claims fell to 187,000, marking one of the lowest weekly readings in nearly six decades. The latest figure signals that layoffs remain exceptionally rare despite elevated interest…...
Why Stablecoins Are Becoming the Backbone of Modern Finance
12+ hour, 28+ min ago (417+ words) For decades, the global financial system has relied on traditional banks to move money, provide savings, facilitate cross-border payments, and connect businesses with customers. While this infrastructure has powered economic growth. It has also exposed significant weaknesses. High transaction fees,…...
AFX Tradeâs Arbitrum Perpetual DEX Suffers $24.15 Million Exploit as Hacker Offered 30% Bounty
15+ hour, 42+ min ago (454+ words) The decentralized finance sector has once again been reminded of the persistent security risks that accompany permissionless financial protocols. AFX Trade, a perpetual decentralized exchange (DEX) operating on the Arbitrum network, recently suffered a devastating exploit that resulted in the…...
Kaito Partners With X as Phantom Expands Through Robinhood Chain Integration
12+ hour, 28+ min ago (453+ words) The blockchain and digital asset industry continues to evolve through strategic partnerships that improve accessibility, data availability, and user experience. Two recent developments highlight this trend. Kaito has secured a data agreement with X to unlock a new generation of…...
“Former Trillionaire”: Elon Musk Reacts After Losing Over $130 Billion in A Week
12+ hour, 33+ min ago (693+ words) Tesla CEO Elon Musk made headlines recently after his net worth dropped significantly, leaving him out of the Trillionaire club. After sharp declines in Tesla and SpaceX shares, which erased more than $130 billion from his net worth in a single…...
Moody’s Warns AI Spending Boom Threatens Big Tech’s Finances as Trillion-Dollar Infrastructure Race Raises Credit Risks
12+ hour, 26+ min ago (806+ words) The race to build artificial intelligence infrastructure is fundamentally changing the financial profile of the world’s largest technology companies, with the industry’s unprecedented spending spree eroding free cash flow, increasing leverage and introducing new balance-sheet risks, according to Moody’s Ratings....
Brent Crude Hits Two-Month High Amid Houthi Strikes on Saudi Tankers
15+ hour, 40+ min ago (604+ words) Brent crude has surged above $100 per barrel for the first time in two months, sending a fresh wave of concern through global financial markets as geopolitical tensions in the Middle East continue to escalate. The move follows reports that Houthi…...