A Five-Year-Old Firmware Bug Just Drained $89 Million From Bitcoin Cold Wallets
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.
Trump’s Rate Cut Dream Collides With War, Tariffs and a Stubborn Fed
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…
George Santos Fined and Banned From Prediction Markets After Betting on His Own Attendance
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…
Amazon’s Blowout Quarter Proves Big AI Bets Can Pay Off in a Big Way
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…
South Korea’s Stock Market Posts Its Biggest Single-Day Gain Ever on AI Rebound
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…
Stellantis Returns to Profit as Jeep and Ram Drive a North American Comeback
A Turnaround Story Gains Momentum Stellantis reported second-quarter net profit of €293 million on Thursday, swinging from a net loss of €1.87 billion in the same period a year earlier, as rising North American sales bolstered the company’s turnaround effort. For a company that had…
Rising Treasury Yields Signal Inflation Fears After Fed Holds Rates Steady
A Divided Fed Stays Put — But Bond Markets Are Nervous The Federal Reserve voted 9-3 to hold its key interest rate steady in a range between 3.5% and 3.75% on Wednesday, July 29 — and the bond market’s reaction was swift and telling. Long-term…
Audi’s Biggest SUV Ever Is Finally Here and It Means Business
Audi is entering the full-size SUV market for the first time with the all-new 2027 Q9. The flagship model represents a significant step for the brand, offering two variants to choose from: the standard Q9 and the sportier SQ9. It marks Audi’s most ambitious and largest SUV offering to date.
Fed Holds Rates Steady But Three Officials Break Ranks in Rare Dissent
The Federal Reserve is meeting Wednesday to decide whether to change interest rates. Policymakers are widely expected to hold rates steady for now, but a rate hike remains on the table as inflation continues to prove difficult to bring down. The outcome of the meeting will be closely watched by markets and consumers alike.
South Korea’s Stock Market Suffers Historic Plunge as AI Chip Fears Grip Global Markets
A Stunning Collapse in Seoul South Korea’s Kospi index plunged more than 10% on Tuesday on heavy selling of chipmaking stocks that have gyrated recently due to concerns over the sustainability of the boom in artificial intelligence. The drop was so severe and so sudden…
