Meta Platforms plans to begin manufacturing its custom AI chip, codenamed 'Iris,' this September as part of an aggressive plan to double its computing capacity, according to an internal company memo.
Renewed military exchanges between the U.S. and Iran have caused volatility in oil prices, as investors assess the risk of a wider conflict against signs of a potential supply glut and softening global demand.
Russia is using small, fiber-optic-guided drones to bypass electronic warfare and physical defenses, successfully striking high-value Ukrainian electrical substations in a new, cost-effective tactic.
Iran's Islamic Revolutionary Guard Corps (IRGC) navy has reportedly closed the critical Strait of Hormuz until further notice after firing on a vessel, threatening a major chokepoint for global oil supplies.
The British pound traded in a narrow range on Monday, holding near a two-week high, as the U.S. dollar remained resilient despite recent soft jobs data. Investors are looking ahead to this week's Federal Reserve meeting minutes for clues on the path of interest rates.
Yields on U.S. government bonds fell Monday as investors assessed a much weaker-than-expected June payrolls report, shifting focus to the upcoming release of the Federal Reserve's policy meeting minutes.
Italy's Treasury has mandated four major banks to manage an upcoming syndicated sale of U.S. dollar-denominated bonds with maturities in 2031, 2036, and 2056.
Cryptocurrency exchange BTCC has reported a significant increase in futures trading volume, with a surge of up to 55% on days preceding Argentina's World Cup matches, driven by a promotional campaign linked to its partnership with the national team.
JPMorgan analysts say MicroStrategy's strategic shift to allow for Bitcoin sales, a departure from its buy-and-hold approach, introduces significant uncertainty and 'two-way flow risk' for the cryptocurrency market.
