Billionaire investor Bill Ackman is weighing in on the feud between President Donald Trump and Federal Reserve Governor Lisa Cook, calling on the latter to address allegations of mortgage fraud directly, while warning that the integrity of the American financial system is at stake. read more
El Salvadoran president Nayib Bukele hinted at boosting the country’s Bitcoin (CRYPTO: BTC) holdings to $1 billion on Wednesday, causing a spike in odds on prediction markets. read more
Gen Z’s life satisfaction at lowest in 3 years: 45% rate lives positively now, down from 49% in 2024. Decline driven by 18-28yr olds, especially women. read more
ByteDance is reportedly launching a $330 billion-plus employee share buyback as TikTok faces U.S. divestiture deadlines and ban threats, underscoring the Chinese tech giant’s revenue dominance and AI ambitions despite mounting regulatory scrutiny. read more
Chipmaker NVIDIA Corp.’s (NASDAQ: NVDA) CEO, Jensen Huang, just announced an optimistic vision for the future of artificial intelligence during the company’s second-quarter earnings call on Wednesday. read more
Bitcoin stalled, but leading altcoins rose on Wednesday, even as investors assessed Nvidia Corp. (NASDAQ:NVDA) earnings. read more
Nvidia shares fell over 3% after posting strong Q2 earnings and upbeat guidance, as analysts Dan Ives and Gene Munster said Wall Street is underestimating soaring AI chip demand and future growth potential. read more
U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average up 0.3% at 45,565.23. read more
Ark Invest, led by Cathie Wood, executed significant trades on Wednesday, focusing on Bitmine Immersion Technologies Inc. (NYSE:BMNR) and DraftKings Inc. (NASDAQ:DKNG). read more
Peter Thiel said he won’t pick between Elon Musk, Sam Altman or Mark Zuckerberg in the AI race but argued Nvidia is the clear winner, dominating AI hardware after decades of neglect in semiconductor startups. read more