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US President Donald Trump intervened in a voting crisis that cast uncertainty over the fate of long-awaited cryptocurrency legislation, brokering a compromise among Republican lawmakers. After the failed vote in the House

xAI has launched its new AI model, Grok 4, and it has outperformed OpenAI, Google, and Anthropic in the industry’s toughest tests. Grok 4 particularly outperformed its competitors in the Humanity’s Last

Bank of America (BofA) announced better-than-expected profits in the second quarter of the year, benefiting from market volatility. Net profit increased year-over-year to $7.1 billion (89 cents per share). The expectation was

The UK economy unexpectedly contracted for a second month in May, raising new concerns for Chancellor of the Exchequer Rachel Reeves. According to the Office for National Statistics, Gross Domestic Product (GDP)

On Thursday, the pound sterling gained against the euro after data on the UK labor market showed that the cooling trend, which worried some policymakers, was less severe than in the previous

Elon Musk has stated that he does not support a merger between electric vehicle manufacturer Tesla and artificial intelligence startup xAI. In response to a question from a user on the social

German Finance Minister Lars Klingbeil reiterated his criticism of the European Commission’s proposed budget draft on Thursday, stating that the corporate tax scheme included in the plan “sends the wrong signal.” Speaking

The European Union and South Korea announced they are working on trade agreements with Washington in response to US President Donald Trump’s threat of high tariffs expected to take effect on August

PepsiCo(PEP.O) announced on Thursday that it expects its core earnings decline for the year to be smaller than anticipated, driven by increased demand for energy drinks and healthier soda brands in the

China’s exports gained momentum in June as firms accelerated orders while a temporary trade truce with the U.S. continued. Shipments to Southeast Asia were particularly noteworthy. Before new tariffs are expected to