US inflation accelerated further in May, with a key measure of price pressures climbing above 4% for the first time in more than three years as higher energy prices stemming from the Middle East conflict filtered through the economy. The Commerce Department’s Bureau of Economic Analysis said on Thursday that the personal consumption expenditures (PCE)
Canopy Network, a blockchain development framework focused on AI-assisted application building, has announced an $8.5 million seed funding round to support its next stage of growth. The funding will be used to support Canopy’s planned mainnet launch, expand its engineering team, and further develop its developer tooling. The company also completed a strategic acquisition of
Micron Technology (MU) briefly moved ahead of Meta Platforms (META) and Tesla (TSLA) in market capitalization on Thursday, after a strong outlook from the memory chipmaker extended its rally driven by artificial intelligence demand. Micron’s shares had surged 18.4% at $1,236, giving the company a market value of $1.398 trillion. This compared with Meta’s $1.392
World Liberty Financial (WLFI) has continued to hold its ground despite facing heightened political scrutiny in the United States, with fresh data showing that its ecosystem is expanding at a rapid pace. Notably, the World Liberty Financial’s USD1 stablecoin has now entered the top five fiat-backed stablecoins by circulating supply, highlighting continued adoption even as
Apple shares fell nearly 5% on Wednesday after the company raised prices of several Mac and iPad models, becoming one of the latest consumer technology companies to pass on soaring memory and storage costs driven by the artificial intelligence boom. The AAPL stock was down about 4.89% at the time of writing. The price increases
The pound rose to a 10-month high against the euro on Wednesday as investors assessed the political outlook in the UK and the possible shape of a future government under Andy Burnham, who is widely seen as the likely successor to Prime Minister Keir Starmer. Sterling strengthened after markets turned their attention to who could
Artificial intelligence investors are still crowding into Nvidia, Vertiv as the obvious hardware winners, but the next layer of the trade may be hiding in plain sight. As of June 24, 2026, the AI buildout is no longer just about chips. It needs power, storage, bandwidth and reliable baseload electricity. In other words, the market
Cerebras Systems CBRS shares tumbled about 10% in premarket trading on Wednesday after the artificial intelligence chipmaker forecast lower profit margins for 2026. The outlook overshadowed better-than-expected quarterly results and highlights the costs of scaling its rapidly growing AI infrastructure business. If losses hold, the stock is on track to trade at its lowest level
KuCoin Pay, the cryptocurrency payment platform developed by KuCoin, has expanded its transfer-based payment capabilities across Bangladesh, Mexico, and Zambia. The move aims to connect digital assets with widely used local payment systems in high-growth markets. The rollout integrates cryptocurrencies and stablecoins with established banking and payment networks across the three markets. These include the
Meta Platforms (NASDAQ: META) stock has fallen sharply in recent months, sliding from its record high of $796 in August last year to $562. Although the decline has left the company looking increasingly undervalued, downside risks remain, and the stock could face further weakness in the near term. Meta Platforms stock price crashes amid AI