Leading Chinese technology companies have cut more than 130,000 jobs in the past year as rapid AI adoption and restructuring reshape the sector, sparking concerns over workforce impacts.
As the August 7 deadline looms, crypto supporters and key lawmakers emphasize the urgency of passing the CLARITY Act to establish federal standards for digital assets.
Paramount’s $110 billion merger with Warner Bros. Discovery faces delays beyond July 22 due to ongoing EU regulatory reviews and a legal challenge from Oregon’s attorney general.
Sheriffs, prosecutors, and pastors warn that the Digital Asset Market Clarity Act could shield criminals and undermine efforts to combat trafficking, ransomware, and other illicit activities.
The US trade deficit surged in May amid record imports fueled by heavy corporate spending on AI technology and data-center infrastructure.
Despite a steep 75% drop in a week and sustained selling pressure, traders continue to hold strong long positions on Velvet, signaling cautious optimism for a rebound.
Deere will provide farmers and independent repair providers access to diagnostic tools and software for 10 years, addressing legal claims over repair restrictions.
BSTR’s attempt to go public via a $1.5 billion SPAC deal collapsed after financing failed, while American Bitcoin reduced shares and added 500 BTC to its holdings.
After sealing a major trade deal with the EU, India is actively pursuing new free trade agreements across the Americas, Africa, the Gulf, and the Asia-Pacific regions.
Analysts anticipate the Federal Reserve could purchase equity ETFs to prevent a market downturn, boosting liquidity that might also benefit cryptocurrencies amid growing political pressure.