Business
Cerebras stock drops 11% as AI chipmaker slashes Q2 margins
AI chipmaker Cerebras Systems saw its stock plunge 11% after-hours despite reporting a record $191.3 million in Q1 revenue. The sell-off was triggered by lowered Q2 profit margins and an expiring IPO lock-up releasing 30 million shares.
Business
Nouriel Roubini Backs Tokenized USAFi ‘Technodollar’ in Reversal for Crypto Critic
Economist Nouriel Roubini has backed USAFi, a new ERC-20 "Technodollar" collateralized by U.S. Treasuries, gold, and the Nasdaq-listed Atlas America Fund.
Business
Senator Kennedy Rejects Digital Chamber Pitch: Crypto Isn’t The Problem With US Economy
Senator John Kennedy dismissed testimony from Digital Chamber CEO Cody Carbone during Tuesday's affordability hearing, stating that while he likes cryptocurrency, it is not the problem with the U.S. economy.
Business
U.S. House Schedules CLARITY Act Crypto Hearing in New York Following Senate Vote
The U.S. House Committee on Financial Services has scheduled a New York field hearing for the CLARITY Act on July 17, 2026, exactly one year after the bill's initial 294-134 passage.
Business
Bull Bitcoin Secures MiCA License in France Before July 1 Deadline
Bull Bitcoin cleared its Markets in Crypto-Assets (MiCA) licensing in France after passing in-house PASSI and DORA cybersecurity audits. The exchange secured its EU status just days before ESMA's July 1 regulatory cutoff.
Business
Toyota’s Hybrid RAV4 Shortage Will Cost 55,000 Sales Amid Global Supply Chain Bottlenecks
Toyota recorded an unprecedented 97.6% turn rate in May as the RAV4 shortage costs the automaker 55,000 sales amid factory retooling and Red Sea shipping delays.