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SecondFi's Cardano Exploit Drained Wallets Without a Single User Signing Anything

New Delhi, June 28 -- attackers had reconstructed their private keys from information that was already public. SecondFi, the self-custody neofinance platform built by EMURGO, one of the three foundin... Read More


Bolivia Ends Its Dollar Peg. The Street Rate Was Already Three Times Higher.

New Delhi, June 28 -- LA PAZ - For fifteen years, Bolivia told its citizens that a dollar was worth 6.96 bolivianos. On Friday, it stopped telling them that. Bolivia's Economy Ministry announced June... Read More


Apple Asks Trump White House to Protect Chinese Chip Supplier From US Blacklist

New Delhi, June 28 -- protect the company's ability to buy memory chips from a Chinese semiconductor maker the Pentagon has listed as a firm with ties to the People's Liberation Army. Apple wants a f... Read More


Gold Drops Below $4,000 as Fed Hawkishness and Iran Truce End a Three-Year Bull Run

New Delhi, June 26 -- NEW YORK - For three years, central banks in China, Turkey, and Poland bought gold as if the monetary order were being renegotiated. This week, the trade started coming apart. o... Read More


Qualcomm Signs Meta Deal and Doubles Non-Handset Revenue Target to $40 Billion

New Delhi, June 26 -- a company that built its fortune on mobile phone processors is now asking Wall Street to value it as a data center challenger. $15 billion from data centers, $14 billion from in... Read More


Global AI Stock Rout Freezes South Korea's Market and Stalls OpenAI's IPO Plans

New Delhi, June 26 -- 46 a.m. on June 23, the Korea Exchange triggered a market-wide circuit breaker, a halt it had not imposed since the pandemic, after the Kospi fell 9.99% in a single session, its ... Read More


Micron Posts Record $41.5B Quarter as AI Memory Contracts Lock In a New Market Floor

New Delhi, June 26 -- BOISE - The same AI memory crunch that forced Apple Inc. AAPL to raise prices on every MacBook and iPad it sells produced, on the other side of the supply chain, the most profita... Read More


Caesars Locks Up Three of Maine's Four Online Casino Licenses in Wabanaki Nations Deal

New Delhi, June 26 -- a state iGaming market with no commercial operator competition at launch. Caesars Entertainment Inc. (Nasdaq: CZR) moved on Tuesday to secure most of it. Caesars Palace Online C... Read More


Volkswagen CEO Eyes 100,000 Job Cuts and Closure of Four German Plants in Biggest Overhaul in Company History

New Delhi, June 26 -- WOLFSBURG - Four German factories would go dark. One hundred thousand jobs would disappear. And the company contemplating that arithmetic is the same one that signed a formal agr... Read More


Micron CEO Admits Supply Can't Keep Up With AI Demand After Record $41.5B Quarter

New Delhi, June 26 -- NEW YORK - Sanjay Mehrotra's company just posted the best quarter in its 46-year history. He spent part of the earnings call explaining why that is not enough. MU) reported $41.... Read More