Author: Editor-In-Chief
A commercial building lights up at dusk on Monday, February 2, 2026 in Singapore. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesTaiwan’s second largest contract chip manufacturer, United Microelectronics Corporation (UMC) on Tuesday unveiled its first mass-produced silicon photonics wafer manufactured within its Singapore facility.UMC aims to address the growing demand for high-speed optical interconnects in AI and hyperscalar data center networks.UMC said in a statement that in collaboration with local fabless chip design firm SILITH Technology, the joint team completed the silicon photonics platform from development to production readiness in 18 months, securing the technology to…
A pattern is emerging among people who have already achieved great success. They seem to be rolling up their sleeves again, out of fear of missing out on AI’s defining moment and perhaps the irresistible lure of making even more money (potentially more money). Tom Blomfield, who co-founded GoCardless and Monzo and then spent four-and-a-half years mentoring founders as a Y Combinator Group partner, announced Monday that he is taking a leave of absence to join Anthropic’s compute team. You will participate as a member of the technical staff, not as an executive. He’s not the only one making such…
More than 8 million barrels of oil passed through the Strait of Hormuz on Sunday with U.S. military aid as fighting resumes with Iran, the U.S. Department of Energy told CNBC in a statement. “The U.S. military will ensure that oil continues to flow to keep markets well supplied, with or without Iran,” a Department of Energy spokesperson said Monday. The spokesperson said total outflows from the Middle East and Gulf region averaged 15 million barrels per day. Ship tracking companies recorded a significant drop in traffic passing through Hormuz last week after Iranian attacks on commercial vessels sparked fresh…
Mexico will formally request prosecutors to file a lawsuit in a U.S. court over the death of a citizen in immigration custody.Published July 14, 2026July 14, 2026Mexico says it will ask U.S. courts to file criminal charges after more than a dozen of its citizens were killed by U.S. immigration authorities or died in custody.On Monday, President Claudia Sheinbaum announced that a request had been formally submitted to U.S. prosecutors, days after Immigration and Customs Enforcement (ICE) agents shot and killed Mexican national Lorenzo Salgado Araujo during a July 7 raid in Houston.Recommended stories list of 3 itemsend of listSalgado…
Global oil prices rose to a one-month high on Tuesday after the United States launched repeated attacks on Iran, bringing traffic in the Strait of Hormuz to a near standstill. Brent crude, the global benchmark, rose 1.5% to $84.56 per barrel as of 12:15pm local time in Hong Kong, trading at its highest since June 12. U.S. crude oil futures rose 1.9% to $79.51 a barrel, adding to Monday’s 9% rise. According to data from Kpler, which tracks ship movements, only five commercial vessels were passing through the Strait of Hormuz on Monday local time, and none carrying crude oil…
U.S. Federal Reserve Board Member Christopher Waller attends the Federal Reserve Board’s Payments Innovation Conference on Tuesday, October 21, 2025, in Washington, DC. Aaron Schwartz | Bloomberg | Getty ImagesFederal Reserve President Christopher Waller on Monday expressed concern about inflation but warned against “fighting the last war” and said the central bank should wait for more data before raising interest rates.In a speech in New York, Waller said inflation was rising beyond commonly cited factors such as rising energy prices and tariffs. Instead, he cited other factors, particularly artificial intelligence, as the root cause of inflation being stubbornly above the…
Singapore-based video generation startup PixVerse today announced that it has raised a total of $439 million in a round and completed its Series C expansion. The company told TechCrunch that the new funding brings its valuation to more than $2 billion. The company aims to use the funding to expand its global model offering and reach customers in different regions. The company closed its first Series C round led by CDH Investments in March. The amount raised was not disclosed, but Bloomberg reported it was in the range of $300 million. According to PixVerse, investors in the extended round include…
After a year-long bear market, a nearly 20% decline since the beginning of the year, and a decline after four of the last four earnings reports, options traders are clearly bullish heading into this year. NetflixThursday’s earnings.According to ThinkOrSwim data, the volume of calls for puts doubled in back-to-back sessions on Friday and Monday, and by midday Monday, the number of calls bought compared to puts had nearly tripled. At the same time, one of the most popular trades was selling puts at the money.A technical image may be helpful. Netflix’s stock is trading at about $75, about the same…
This frame capture taken from AFPTV video footage on July 12, 2026, shows a cargo ship anchored in Khor Fakkan, near the Strait of Hormuz, off the east coast of the United Arab Emirates. – | AFP | Getty ImagesThe United States completed its third consecutive night of strikes against Iranian military targets, while Iran attacked two Emirati oil tankers in the Strait of Hormuz and issued an air raid warning across the Gulf. U.S. Central Command announced it had completed its latest series of attacks against Iran. Centcom said in a statement that the five-hour mission hit military targets…
Over the past year, Uber has quietly been pushing ahead with two businesses that most people think of. Of course, there are ride-hailing and delivery services, but if you’ve been using the app long enough, you’ll get access to things like hotel bookings with Expedia, a “Shop for Me” concierge feature, and boat rentals in Europe. There’s a lot going on internally, so to speak. Consider a six-month-old business unit called AV Labs that is developing debit cards for drivers, a data-labeling side hustle for fellow earners looking to make more money, and a fleet of sensor-equipped vehicles designed to…