Author: Editor-In-Chief
Tuesday, June 30, 2026, at the U.S. Capitol in Washington, DC. Graham Sloan | Bloomberg | Getty ImagesUnder new legislation being considered by the Senate, the president and other federal officials would be prohibited from issuing or sponsoring virtual currencies or other digital assets.Republicans on Wednesday reintroduced a measure known as the Clarity Act, a major piece of legislation to govern the broader digital asset market. The bill’s lead sponsor, Sen. Cynthia Lummis (R-Wyo.), provided CNBC with a document that includes initial restrictions on how the president can profit from cryptocurrencies.The bill would authorize the Department of Justice to enforce…
Andrew Feldman, co-founder and CEO of Cerebras Systems, holds a Wafer Scale Engine 3 chip on the Nasdaq Market site in New York on May 14, 2026.Michael Nagle | Bloomberg | Getty Imagescerebrum Shares rose about 4% on Thursday after the company struck a deal with. advanced micro device This involves the two chipmakers collaborating on artificial intelligence systems. Cerebras CEO Andrew Feldman said at AMD’s AI conference in San Francisco that the company’s chips will be used in AMD’s Helios AI system, which will be installed in Cerebras data centers starting later this year. Server buyers can also configure…
Wednesday, July 22, 2026, at the U.S. Capitol in Washington, DC. Aaron Schwartz | Bloomberg | Getty ImagesCongress was divided Thursday on advancing two war powers resolutions aimed at forcing President Donald Trump to abandon war with Iran, as the conflict escalates to a dangerous new level. oil top $100 per barrel. The move was the first vote since President Trump notified Congress that he was resuming war with Iran following the collapse of peace talks. The conflict flared up again after weeks of uneasy ceasefire, months before the US midterm elections. That threatens to undermine the Republican Party’s plans…
A spate of flash flooding emergencies in the United States over the past two weeks has highlighted the dangerous aspects of July. The month saw multiple once-in-a-millennium rainfall events across the United States, but July isn’t over yet. A flash flood emergency is the highest level of flood warning, with more than a dozen issued across the country so far this month. This puts July 2026 within reach of a monthly record of such alerts. A once-in-a-millennium flood hit the Texas Hill Country from July 15th to 17th. In some areas, nearly a year’s worth of rain fell in just…
Etched, an AI chip startup founded in 2022 by three Harvard dropouts, has closed a $300 million Series C funding round at a valuation of $10.3 billion, co-founder and chief operating officer Robert Wachen told TechCrunch. The round was led by Sequoia, with participation from Andreessen Horowitz, SK Hynix, Jane Street, and Diffusion Capital, as well as previous investors. Other backers of the company include names like Peter Thiel, Andrei Karpathy, Dylan Field, and Amjad Massad. Etched was valued at $5 billion when it raised $500 million in December, which means its valuation has doubled in about seven months. The…
Check out the companies that made the biggest moves at midday: Super Microcomputer — Shares soared 25% after the server maker reported preliminary fourth-quarter results that featured much stronger profitability than investors expected, offsetting revenue that hit near the lower end of guidance. EQT — Shares rose more than 6.6% after the natural gas producer reported better-than-expected second-quarter production. EQT also raised its 2026 sales volume outlook from 2,275 to 2,375 bcfe to 2,375 to 2,450 billion cubic feet equivalent (bcfe). Amazon — Shares of the e-commerce and cloud services giant fell 1%. Amazon is cutting jobs in its artificial…
The Senate was also expected to vote on the War Powers Resolution, largely a symbolic move to try to control President Trump.Four Republicans in the U.S. House of Representatives once again joined Democrats in voting to limit President Donald Trump’s powers to wage war against Iran.The resolution was passed by a vote of 214 to 208 on Thursday, nearly a week after three U.S. service members were killed in an Iranian attack on a military base in Jordan. Shortly after, another resolution in the U.S. Senate failed 47-49, with two Republicans who had supported the previous resolution declining to vote.Recommended…
Oil-rich Saudi Arabia has been pursuing nuclear technology for two decades. But now the deal with Washington formalizing Riyadh’s goals has raised concerns that the deal, combined with the chaotic aftermath of the war between Washington and Tehran, could plunge the region into a new arms race. The most controversial part of the deal, which reportedly gives Saudi Arabia the future option of enriching uranium on its own soil with less International Atomic Energy Agency (IAEA) oversight, has drawn the strongest reactions from Iranian, Israeli and American commentators. But in Tehran, where the United States and Israel launched a war…
Nvidia’s efforts to widely deploy its GPUs are aiming for a new goal: the moon. Lunar Outpost, a startup building robotics for space infrastructure, announced Thursday that its next lunar rover will use a Jetson chip to control its lidar system. If realized, this would likely be the first GPU on the moon. “We’re taking Nvidia Jetson and comparing it to our flight computing platform, which has a bit more of a spaceflight heritage,” said Justin Cyrus, CEO of Lunar Outpost. “(We’re) looking at what the strengths are and what the weaknesses are, and we’re committed to deploying systems with…
Credit card debt can arise for a variety of reasons.Some people get hooked on swiping their cards for discretionary items like clothes and household items, or leisure activities like eating out or watching movies. Some people don’t have the cash to cover emergencies like car repairs or medical issues. And many Americans rely on credit cards to get by, especially as prices for essentials like gas and groceries remain soaring.Regardless of how you got there, you should be careful if you’re faced with a large debt balance or if it’s at risk of spiraling out of control. Credit cards typically…