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Aspiration co-founder gets 14 years in prison
Co‑founder Joseph Sanberg, once hailed for his eco‑focused digital bank Aspiration, was sentenced to 14 years in prison after pleading guilty to a $248 million wire‑fraud scheme that duped investors a
Nvidia Endorsement Sends Marvell Stock 20% Higher
Jensen Huang’s proclamation that Marvell Technology could become the next trillion‑dollar firm sparked a 20% surge in its shares, highlighting Nvidia’s growing sway over the AI hardware ecosystem. Mar
Third of people say uni degree not worth it, as student loan inquiry begins
A new British Social Attitudes survey shows 34% of Britons now believe a university degree isn’t worth the cost, the highest scepticism in two decades. The Treasury Select Committee has launched a stu
Dow jumps 200+ points; S&P 500 posts close above 7,600
U.S. equities surged as the Dow climbed over 200 points and the S&P 500 closed above 7,600 for the first time, driven by a wave of AI‑related stocks. The rally highlights the strength of momentum‑focu
Anthropic Files for IPO as Corporate AI Costs Face Backlash
Anthropic filed pre-IPO paperwork just as corporate customers began pushing back on AI costs, with a Bain survey showing 40% of companies seeing under 10% savings and one CFO accidentally spending $50
HPE Sees Strong Growth Over Next 18 Months on Server Demand - Bloomberg.com
Hewlett Packard Enterprise (HPE) posted a strong Q2 2026 earnings beat, powered by booming AI server demand. The surprise lift sent the stock soaring about 30%, its biggest jump since 2018, and prompt
Asia-Pacific Markets Mixed, US Indexes Hit Records
Investors stay jittery over U.S.-Iran talks, keeping Asia‑Pacific markets split while U.S. indexes surge to fresh highs on tech optimism. Trump dismissed worries about a Strait of Hormuz blockade, eve
European stocks rebound as investors await key inflation data; Abivax shares tumble
European equities rallied, with the Stoxx 600 up 0.7% as investors brace for euro‑zone inflation data that could trigger an ECB rate hike, while the French biotech Abivax plunged 28% after cancer case
Bitcoin's biggest ETF selloff yet hits $3.4 billion as AI stocks keep climbing
U.S. spot Bitcoin ETFs have endured a record 11‑day net outflow of $3.45 bn, pushing BTC toward $70 k, while AI‑driven equities surge, highlighted by Nvidia’s 6% jump. At the same time, Strategy sold
XRP Falls Below $1.30 as Bitcoin Weakness Drags Crypto
XRP slipped below its $1.30 support, hitting a 15‑week low as Bitcoin’s broader market weakness—Bitcoin hovering near $76k after an Iran‑related shock—dragged down major crypto assets. Despite over 25
US Stocks Stall as Traders Parse Mideast Signals: Markets Wrap - Bloomberg.com
US Stocks Stall as Traders Parse Mideast Signals: Markets Wrap Bloomberg.comStocks bounce as AI optimism offsets Middle...
Startups from the pre-ChatGPT era face a reckoning in private markets; PitchBook: half of US unicorns haven't raised in three years, 220+ are "fallen unicorns" (Hugh Son/CNBC)
Startups that rose before the ChatGPT boom are now feeling the squeeze as private‑market funding dries up. PitchBook data shows half of U.S. unicorns haven’t raised new capital in three years and more
Dimon Rejects CLARITY Act as Senate Eyes August Vote
JPMorgan CEO Jamie Dimon publicly rejected the CLARITY Act as written, intensifying banking opposition to a crypto market structure bill the Senate is racing to consolidate for a potential floor vote
HPE skyrockets 30% on biggest earnings beat since 2018
Hewlett Packard Enterprise posted its strongest earnings beat since 2018, sending its shares soaring 30% as AI‑driven server demand surged. Record server revenue and an upgraded FY2026 EPS outlook, fu
Bitcoin volatility is down 56% but analysts still expect up to 20% BTC price move
Bitcoin’s price action has entered a low‑volatility phase, with realized volatility down 56% and multi‑month measures at multi‑year lows. Analysts warn that such compression often precedes 10‑20% move
Stock market corrections will happen: Here's how we navigate the ups and downs
Jim Cramer warns that market corrections are inevitable, even as the S&P 500 rides record highs. He urges investors to focus on fundamentals, keep cash on hand, and use tools like the Short Range S&P
15 Plead Not Guilty in Decade-Long Insider Trading Scheme
Fifteen defendants, including lawyers from top firms like Sidley Austin and Wachtell Lipton, pleaded not guilty in Boston federal court to charges they ran a decade-long insider trading ring that nett
Anthropic confidentially files IPO prospectus with SEC, prepping Wall Street for landmark AI deal
Anthropic has quietly filed a confidential IPO prospectus with the SEC, positioning itself for a public listing that could eclipse rivals as its revenue surges to $47 billion and its valuation tops $9
Anthropic Files Draft IPO Registration
Anthropic has confidentially submitted a draft Form S‑1 registration to the SEC, signaling its intent to go public pending market conditions.
Trump says Iran will ‘work out well’: Five things to know in Bitcoin this week
Bitcoin fell under $73,000, briefly touching $72,000, as fresh US‑Iran tensions sparked market anxiety, even as President Trump reassured on Truth Social that a US‑Iran ceasefire would work out well.
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