Category: Your Money

A wave of new AI model releases from China is rapidly closing the gap with Silicon Valley’s top developers. The surge is putting intense pressure on American AI companies, with analysts warning that only those with cutting-edge technology or aggressive pricing strategies will be able to survive the increasingly competitive landscape.

BP reported a dramatic surge in profits, more than doubling its earnings even as President Donald Trump publicly criticized Big Oil companies for profiting from higher fuel prices. Trump’s comments came in the context of rising costs linked to tensions surrounding the Iran conflict. The strong results highlight the ongoing tension between energy company profits and political pressure over consumer fuel costs.

U.S. stock futures climbed at the start of August after President Trump called off planned military strikes against Iran. The decision eased geopolitical tensions and pushed oil prices lower, giving equity markets a boost. The combination of reduced conflict risk and falling energy costs helped set a positive tone for the opening of the new month.

A Kentucky Icon Steps Back From the Auction Block The historic Claudia Sanders Dinner House and the residence known as Blackwood Hall will no longer be sold, after being put up for auction in July. The reversal came as a relief to many in Shelbyville,…

Ukrop’s Homestyle Foods is recalling nearly 23,000 pounds of its baked spaghetti and chicken cobbler products due to concerns about metal fragments. The recall was triggered by a consumer complaint about metal found in one of the fully cooked items. Shoppers who purchased these products are advised to check if they are affected and avoid consuming them.

A cyberattack targeting Bitcoin cold wallets has expanded to 4,500 compromised addresses, with total losses approaching $89 million. Researchers at Galaxy Research identified a third wave of fund sweeps linked to weak cryptographic keys generated by Coldcard hardware wallets. The attacker has shifted tactics, now going after smaller account balances and altering how stolen funds are moved on the blockchain.

A Promise Stuck in Neutral President Trump spent months publicly pressuring the Federal Reserve to slash its benchmark rates, claiming it would be “Rocket Fuel!” for growth and make housing more affordable. That promise now looks increasingly hollow. Since the war in Iran began at…

A Bet Against Himself — and the Public Former Congressman George Santos agreed to pay $35,000 to settle a federal investigation into his suspicious trades on the prediction marketplace Kalshi after he bet against his own plans to attend President Donald Trump’s State of the…

A Quarter That Silenced the Skeptics For months, Wall Street has been wrestling with a nagging question: are tech giants spending too much on artificial intelligence? Amazon just delivered its most compelling answer yet. On July 31, the company reported second-quarter results so strong that…

A Historic Reversal on Wall Street’s Coattails In one of the most dramatic single-day reversals in global market history, South Korea’s Kospi index surged nearly 18% on Friday, July 31 — its largest one-day gain on record. The Kospi rocketed up 17.9% to close at…