Top Stories
Today's most discussed stories, ranked by global activity.
CoreWeave Reports Doubling of Revenue Amid Strong AI Demand
CoreWeave has reported a remarkable doubling of its revenue compared to the previous year, driven by a surge in demand for AI services. The company's sales backlog has reached $104 billion, reflecting strong market interest in cloud computing, despite ongoing infrastructure challenges and concerns about the AI sector's sustainability.
Wall Street Giants Invest $500 Billion in Nvidia's AI Boom
Nvidia has secured over $500 billion from major Wall Street firms, including Apollo and Goldman Sachs, to fund infrastructure for its AI projects. CEO Jensen Huang hailed the deal as a significant milestone, signaling strong confidence in the future of Nvidia's technology and its role in the AI industry.
U.S. Stocks Surge as S&P 500 Reaches Record High Amid Eased Inflation Concerns
U.S. stocks have surged, with the S&P 500 closing at a record high, driven by a recent inflation report that eased interest rate fears. This positive sentiment is further supported by enthusiasm for AI and declining expectations for rate hikes, reflecting a strong market outlook.
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Tether Completes First Full Financial Audit with KPMG, Receives Clean Opinion
Tether has successfully completed its first full financial audit by KPMG, revealing a reserve surplus of $6.8 billion. This milestone marks a significant achievement for the stablecoin issuer, which had faced scrutiny over its financial transparency. KPMG's unqualified opinion confirms the robustness of Tether's financial position, enhancing trust among investors and users of the USDT stablecoin.
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- Crypto17 hours ago
Expert Confirms Bitcoin's Resilience Post-Colcard Hack
Alex Thorn from Galaxy Digital emphasized that Bitcoin will endure the recent Coldcard wallet hack, which resulted in a significant theft of $130 million, highlighting the ongoing confidence in the cryptocurrency despite security challenges.
Neutral3 sources4 articles - Technology17 hours ago
Spotify Enhances Transparency for AI-Generated Artists
Spotify will officially label AI-generated artists starting next month, aiming to improve transparency about AI-created music on its platform and ensuring these artists are not promoted in recommendations.
Neutral2 sources4 articles - Sponsored
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- Companies17 hours ago
CoreWeave Faces Challenges in Transitioning from Nvidia Chips
CoreWeave has warned investors about potential difficulties and costs associated with shifting away from its exclusive use of Nvidia AI chips, amidst its strong revenue growth and significant sales backlog.
Positive5 sources11 articles - Technology17 hours ago
CoreWeave's Stock Surge Reflects Growing AI Sector Interest
CoreWeave's 19% stock surge highlights increasing investor enthusiasm for AI companies, indicating a broader trend in the technology sector as more investors look to capitalize on advancements in artificial intelligence.
Positive3 sources3 articles - Sponsored
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- Technology17 hours ago
Apple's Siri Enhancement Talks with Publishers Progressing
Apple's negotiations with publishers to secure content for its AI-powered Siri are advancing, aiming to provide the voice assistant with timely news and information to enhance its functionality in the competitive AI market.
Neutral2 sources5 articles - Technology17 hours ago
Nvidia's Credit Risk Eases Amid $500B AI Funding Plan
Bond traders have reduced Nvidia's credit risk measures following the company's announcement of a $500 billion funding plan for AI investments, indicating growing confidence in the tech giant's financial stability amid its ambitious AI infrastructure projects.
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Companies
Corporate news, leadership, and business performance
CoreWeave Reports Doubling of Revenue Amid Strong AI Demand
CoreWeave has reported a remarkable doubling of its revenue compared to the previous year, driven by a surge in demand for AI services. The company's sales backlog has reached $104 billion, reflecting strong market interest in cloud computing, despite ongoing infrastructure challenges and concerns about the AI sector's sustainability.
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Reach readers as they follow the stories shaping the world.
Goldman Sachs to Acquire NEOS Investments in $2.25 Billion Deal, Expanding Bitcoin ETF Offerings
Goldman Sachs has announced its acquisition of NEOS Investments for up to $2.25 billion, enhancing its portfolio with Bitcoin and Ethereum income ETFs. This strategic move positions Goldman Sachs to compete more effectively in the growing cryptocurrency investment market, adding significant assets to its management business.
Crypto
Digital assets, blockchain, and cryptocurrency markets
Tether Completes First Full Financial Audit with KPMG, Receives Clean Opinion
Tether has successfully completed its first full financial audit by KPMG, revealing a reserve surplus of $6.8 billion. This milestone marks a significant achievement for the stablecoin issuer, which had faced scrutiny over its financial transparency. KPMG's unqualified opinion confirms the robustness of Tether's financial position, enhancing trust among investors and users of the USDT stablecoin.
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Trump Media Reports $238 Million Quarterly Loss Amid Strategic Shift
Trump Media & Technology, the company behind Truth Social, reported a staggering $238 million loss in the second quarter. This decline is attributed to the falling price of Bitcoin and legal costs from mergers. The company plans to refocus on social media after exploring ventures in online betting and cryptocurrency.
Regulation
Financial rules, enforcement, and market oversight
CFTC Intervenes to Support Kalshi Amid New York Legal Battle
The CFTC has invoked emergency powers to allow Kalshi to continue operations amid a legal dispute in New York, where the state seeks $36 billion in damages. This case could redefine the regulatory landscape for prediction markets, impacting federal and state authority.
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Delio CEO Sentenced to 15 Years in Prison for Crypto Fraud
Jeong Sang-ho, CEO of the crypto company Delio, has been sentenced to 15 years in prison in South Korea for defrauding customers of approximately $50 million. The court found him guilty of embezzling digital assets from over 1,100 clients, significantly impacting the crypto landscape in the region.
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Iran parliament dispute complicates Strait of Hormuz negotiations
Iran's internal parliamentary conflict may hinder diplomatic efforts regarding the Strait of Hormuz, potentially impacting regional stability and global energy markets significantly.
Gemini increases Bitcoin treasury holdings to 5,528 BTC worth $324M
Gemini has increased its Bitcoin treasury holdings to 5,528 BTC, valued at approximately $324 million. This move reflects a growing trend among crypto firms to utilize digital assets as balance sheet assets, influencing market dynamics.
Trump Is Spending Billions On The Minerals That Power EVs
U.S. President Donald Trump has historically opposed the clean energy and electric vehicle sectors, stalling funding for EV infrastructure and rolling back incentives through the One Big Beautiful Bill Act in July 2025. Despite this, he is now investing billions in the minerals essential for electric vehicles.
Condor Announces 2026 Second Quarter Results
Condor Energies Inc. has released its unaudited interim condensed consolidated financial statements for the three and six months ended June 30, 2026. The documents are available on SEDAR+ and the Condor website, with all financial amounts presented in Canadian dollars.
Weyerhaeuser Company Declares Dividend on Common Shares
Weyerhaeuser Company (NYSE: WY) announced that its board of directors declared a quarterly base cash dividend of $0.21 per share on common stock, payable on September 18, 2026, to holders of record.
Condor Announces 2026 Second Quarter Results
Condor Energies Inc. has released its unaudited interim condensed consolidated financial statements for the three and six months ended June 30, 2026. The documents are available on SEDAR+ and the Condor website, with all financial amounts presented in Canadian dollars.
Weyerhaeuser Company Declares Dividend on Common Shares
Weyerhaeuser Company (NYSE: WY) announced that its board of directors declared a quarterly base cash dividend of $0.21 per share on common stock, payable on September 18, 2026, to holders of record.
Condor Announces 2026 Second Quarter Results
Condor Energies Inc. has released its unaudited interim condensed consolidated financial statements for the three and six months ended June 30, 2026. The documents are available on SEDAR+ and the Condor website, with all financial amounts presented in Canadian dollars.
Sesenta estudiantes de Compton (California) participarán en un programa de formación en liderazgo y defensa de la salud, financiado por Health Net con $412,000
Health Net is investing $412,000 in a leadership and health advocacy training program for sixty students in Compton, California, through 'The Los Angeles Trust for Children's Health.' This initiative aims to help students develop leadership skills, support their peers, and connect with local health services.
Sesenta estudiantes de Compton (California) participarán en un programa de formación en liderazgo y defensa de la salud, financiado por Health Net con $412,000
Health Net is investing $412,000 in a leadership and health advocacy training program for sixty students in Compton, California, through 'The Los Angeles Trust for Children's Health.' This initiative aims to help students develop leadership skills, support their peers, and connect with local health services.
Red Cat Holdings director Moe sells $310,600 in shares
Red Cat Holdings director Moe sells $310,600 in shares
Plume signs MOU with Shinhan Asset Management for KRW-denominated tokenized fund
Plume has signed a Memorandum of Understanding (MOU) with Shinhan Asset Management to develop a KRW-denominated tokenized fund. This partnership may enhance the adoption of tokenized assets in Korea, potentially influencing financial markets and regulatory frameworks.
Why is Hertz stock sliding today?
Why is Hertz stock sliding today?
Brazil opens reciprocity process against US over tariffs
Brazil opens reciprocity process against US over tariffs
Paramount just offered up its crown jewel
Paramount Skydance has offered its most recognizable news brand in response to regulatory threats against a merger, a move that typically involves offering something less significant. Chief Legal Officer...
Zoomcar Announces Voting Results from 2026 Annual Meeting of Stockholders
Zoomcar Holdings, Inc. announced the voting results from its 2026 Annual Meeting of Stockholders, which was held virtually on August 11, 2026. The company is recognized as a leading peer-to-peer self-drive car-sharing marketplace in India.
Coinbase CEO warns of potential AI risks within two years
Coinbase CEO has cautioned about potential risks associated with artificial intelligence within the next two years, suggesting that a rogue AI incident could initially cause chaos but ultimately lead to improved defenses and resilience, akin to previous technological disruptions.
Amgen SVP Rachna Khosla sells $1.35m of stock
Amgen SVP Rachna Khosla sells $1.35m of stock
AIG executive chair Peter Zaffino sells over $18m in stock
AIG executive chair Peter Zaffino sells over $18m in stock
Guardant Health CPO Monroe sells $7.6 million in stock
Guardant Health CPO Monroe sells $7.6 million in stock
Knight-Swift director David Vander Ploeg sells $115k in company stock
Knight-Swift director David Vander Ploeg sells $115k in company stock
Saitech Inc. Awarded NASA SEWP VI Category A Contract in 2026
Saitech Inc. was awarded a NASA SEWP VI Category A contract in 2026, which will enhance its support for federal IT procurement. The contract has a ceiling of $20 billion and the SEWP VI ordering period is set to begin.
Saitech Inc. Awarded NASA SEWP VI Category A Contract in 2026
Saitech Inc. was awarded a NASA SEWP VI Category A contract in 2026, which will enhance its support for federal IT procurement. The contract has a ceiling of $20 billion and the SEWP VI ordering period is set to begin.
Reddit joins S&P 500 after months of speculation
Reddit has officially joined the S&P 500, enhancing its legitimacy and attracting investor interest. However, the company faces future challenges due to the impact of AI on its ad-driven business model.
Bessent says US to apply measures never seen on Iran
Bessent says US to apply measures never seen on Iran
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